In a year that posed nearly every imaginable challenge, including the global COVID-19 pandemic, extreme weather, uncertain economic conditions and social unrest, providing safe, reliable and affordable electricity for our communities was never more critical. And our company’s purpose – to power the lives of our customers and the vitality of our communities – was never more relevant and important than in 2020.
I’m proud that we delivered for our customers and communities when they needed us the most. But we did more than just get through. We became a stronger, more agile company, intensifying our focus on environmental, social and governance (ESG) considerations and accelerating our clean energy transformation.
During our inaugural ESG Investor Day this past fall, we demonstrated our progress and showed the promise of more to come, outlining a pathway for achieving our clean energy transition. We have a clear vision, centered around our climate strategy, with bold carbon goals – reduce emissions from electricity generation at least 50 percent by 2030 and achieve net-zero by 2050. And we announced a new pledge to achieve net-zero methane emissions by 2030 for our natural gas distribution companies.
We’re also doing our part to create a lasting impact in the area of social responsibility, using our voice and actions to ensure social justice and racial equity within our company, as well as in the communities we serve. And we believe purpose-driven leadership means delivering results the right way, consistent with our culture of effective governance.
ESG gives us a clear way to bring our purpose to life and deliver on our commitments to those who count on us.
The last year underscored the extraordinary progress we’ve made in delivering sustainable value to our investors and communities:
I am grateful for how our employees responded to the challenges of 2020 and excited for what lies ahead for Duke Energy. Unencumbered by issues of the past, we now have a clear destination – net-zero carbon emissions by 2050.
We look forward to working alongside regulators, policymakers and the new administration to achieve this goal and deliver results on key ESG measures. Together, we have a shared vision to realize a cleaner energy future in a way that preserves affordability and reliability for those we serve.
As you read this report, I hope you see that Duke Energy has an even brighter future ahead because of our commitment to sustainability, our customers and our communities.
Lynn J. Good
Chair, President and Chief Executive Officer
April 28, 2021