This is an extraordinary time for our company and our country as we respond to the impact of COVID-19. This pandemic is unlike anything we’ve seen – and it’s required us to dramatically adjust how we operate. Like people everywhere, we’ve experienced a range of emotions – everything from fear and anxiety to hope and pride – as we navigate this together.
Having a mission, vision and values keeps us grounded in an uncertain time. Our purpose at Duke Energy has never been more important. We provide an essential service. We power the daily lives of our employees, customers and communities, no matter the circumstances. And sustainability is a critical part of that.
The importance of delivering value through sustainability continues to grow, reshaping how industries operate, invest and deliver value to their stakeholders.
I’m proud to say we have a strong track record on sustainability, including the actions we’ve taken to reduce the impact of our operations on the environment. For example, last year we decreased our carbon emissions an additional 8 percent from 2005 levels, bringing total reductions to 39 percent.
That’s progress – but we’ve taken our commitment even further.
In 2019, we refreshed our climate strategy and accelerated our goals – we now plan to reduce carbon emissions from electricity generation by at least 50 percent by 2030 and achieve net-zero emissions by 2050. In the pages that follow and our newly released Climate Report, you’ll find more details on how we plan to achieve these targets. We’re also strong advocates for investments in research and development and technologies that don’t exist at scale yet today.
Other highlights of our sustainability success in 2019 include:
In a time when uncertainty is the only certainty, it reminds us to stay focused on the path forward.
We’re embracing change as we prepare our business to meet tomorrow’s energy needs. We’re becoming more efficient, more competitive and more agile – while maintaining our commitment to sustainability.
There’s no question sustainability is a defining characteristic of our future, and I look forward to continuing our legacy of meeting the needs of our stakeholders.
Lynn J. Good
Chair, President and Chief Executive Officer
April 28, 2020