IRVING, Texas, May 12, 2021 /PRNewswire/ -- Vistra (NYSE:
VST) today published its 2020 Sustainability Report, showcasing its
commitment to all of its stakeholders and highlighting significant
progress toward its sustainability goals. The report provides
increased transparency on the company's numerous environmental,
social, and governance (ESG) initiatives.
"When it comes to our primary business function, we understand
that we are providing an essential resource – electricity – and it
is a responsibility we take seriously. We are committed to
balancing our goals to continue to provide affordable and reliable
electricity while also doing our part to combat climate change as
we transition our generation fleet to low-to-no carbon resources,"
said Molly Sorg, Vistra's chief
purpose and sustainability officer and senior vice president of
investor relations. "One of our core principles and a guiding
benchmark for our company is 'We care about our key stakeholders.'
We are excited to highlight several of our ESG initiatives and
accomplishments from the past year in our 2020 Sustainability
Report as we continuously strive to better our communities, our
workplace, and our relationships with our customers, suppliers, and
investors."
Highlights include:
- Sustainability and Environmental Stewardship
-
- Achieving a 45% reduction in greenhouse gas (GHG) emissions
from a 2010 baseline; on track to achieve a 60% reduction by 2030
with a goal to achieve net-zero carbon emissions by
20501
- Advancing the transformation of its generation portfolio to
newer, more efficient, and less environmentally impactful
technologies through the launch of Vistra Zero, a generation
portfolio comprised of existing and under development nuclear,
renewable, and energy storage facilities, as well as announcing
plans to retire an incremental ~8,000 MW of fossil-fueled assets in
the MISO, PJM, and ERCOT markets by year-end 2027
- Adopting a sustainability governance framework
- Diversity, Equity, and Inclusion (DEI)
-
- Naming a chief diversity officer, establishing an employee-led
diversity, equity, and inclusion advisory council, and expanding
employee resource groups
- Creating multiple pathways for employee advancement and
expanding diverse hiring practices, including through enhanced
external recruiting efforts and relationships with Historically
Black Colleges and Universities
- Increasing diversity amongst its Board members
- Health and Safety
-
- Prioritizing the health and safety of employees and contractors
throughout the COVID-19 pandemic
- Enhancing our Best Defense safety program, resulting in an
improved Total Recordable Incident Rate (TRIR) of 0.61, which was
~40% lower than the rate in 2019
- Supporting Our Communities and Customers
-
- Committing $10 million over the
next five years to support organizations that grow minority-owned
small businesses, enhance economic development, and provide
educational opportunities for students from diverse
backgrounds
- Supporting customers and communities throughout the pandemic by
donating $2 million to non-profits
and social service agencies and providing electric bill payment
assistance to customers
- Investing in communities where we live and work with an
additional more than $4 million in
charitable giving, for a total of $8
million in 2020
(1) Assuming
necessary advancements in technology and supportive public
policy.
|
In addition, the report discusses cybersecurity, supply chain
sustainability, and Vistra's innovation initiatives and leading
advocacy efforts, both of which support our country's progress
toward lowering GHG emissions. This year's report adheres to the
Sustainable Accounting Standards Board (SASB) and Global Reporting
Initiative (GRI) frameworks. Also included in the appendix of this
year's report is Vistra's voluntary, annual report of its employee
PAC contributions, corporate political contributions, and
membership dues to trade organizations.
For additional information about our 2020 ESG initiatives and to
download a copy of the report, please visit the Vistra website at
vistracorp.com/sustainability.
Media
Meranda Cohn
214-875-8004
Media.Relations@vistracorp.com
Analysts
Molly Sorg
214-812-0046
Investor@vistracorp.com
About Vistra
Vistra (NYSE: VST) is a leading, Fortune 275 integrated retail
electricity and power generation company based in Irving, Texas, providing essential resources
for customers, commerce, and communities. Vistra combines an
innovative, customer-centric approach to retail with safe,
reliable, diverse, and efficient power generation. The company
brings its products and services to market in 20 states and the
District of Columbia, including
six of the seven competitive wholesale markets in the U.S. and
markets in Canada and Japan, as well. Serving nearly 4.3 million
residential, commercial, and industrial retail customers with
electricity and natural gas, Vistra is one of the largest
competitive residential electricity providers in the country and
offers over 50 renewable energy plans. The company is also the
largest competitive power generator in the U.S. with a capacity of
approximately 39,000 megawatts powered by a diverse portfolio,
including natural gas, nuclear, solar, and battery energy storage
facilities. In addition, the company is a large purchaser of wind
power. The company is currently constructing a 400-MW/1,600-MWh
battery energy storage system in Moss
Landing, California, the largest of its kind in the world.
Vistra is guided by four core principles: we do business the right
way, we work as a team, we compete to win, and we care about our
stakeholders, including our customers, our communities where we
work and live, our employees, and our investors. Learn more about
our environmental, social, and governance efforts and read the
company's sustainability report
at https://www.vistracorp.com/sustainability/.
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SOURCE Vistra