RICHMOND, Va., July 15, 2021 /PRNewswire/ -- Dominion
Energy (NYSE: D) today published an updated Climate
Report highlighting potential paths that support the company's
target to achieve net zero Scope 1 emissions from its electric and
gas operations by 2050. The report conforms to the Task Force on
Climate-related Financial Disclosures (TCFD) framework and is
consistent with 1.5-degree scenario modeling as well as the Paris
Agreement on Climate Change.
Robert M. Blue, chair, president,
and chief executive officer, said:
"Dominion Energy has been a leader in greenhouse emissions
reductions over the past 15 years. Our customers expect safe,
affordable, reliable, and increasingly sustainable energy — which
is why decarbonization is at the center of our business strategy.
Today's report demonstrates our continued commitment to transparent
progress toward our net zero ambitions."
Key takeaways from the report include:
- A strong climate governance framework that guides
the company's corporate strategy and risk
management processes;
- A variety of potential pathways to achieving net zero emissions
consistent with the company's goals;
- The need for ongoing, significant advances in technology and
supportive public policy;
- A robust discussion of the risks, mitigants, and opportunities
posed by climate change; and
- A description of the company's emissions for Scopes 1, 2, and
3; its progress on reducing emissions; and its interim targets for
Scope 1 emissions.
With the effects of climate change emerging
globally, Dominion Energy has a vital role to play
in reducing emissions. As the company
transitions to net zero, it is thoughtfully exploring
solutions that can accelerate
decarbonization and help limit stakeholder
exposure to risks, while remaining true to its mission of
providing safe, reliable, and affordable service to millions of
households and businesses in the U.S.
More than 7 million customers in 20 states energize their
homes and businesses with electricity or natural gas from Dominion
Energy (NYSE: D), headquartered in Richmond, Va. The
company is committed to sustainable, reliable, affordable and safe
energy and to achieving net zero carbon dioxide and methane
emissions from its power generation and gas infrastructure
operations by 2050. Please visit DominionEnergy.com to
learn more.
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SOURCE Dominion Energy