American Electric Power has released its first-ever Corporate Responsibility Report in which it addresses issues that affect the company’s sustainability, including climate change, public policy strategy, environmental performance, energy security, reliability and growth, work force issues and stakeholder engagement. AEP’s Corporate Responsibility report is available online at www.AEP.com/cr.
“This report is a milestone because it discusses these important issues in a candid way for our shareholders and all of our other stakeholders,” said Michael G. Morris, AEP’s chairman, president and chief executive officer.
Each section of AEP’s Corporate Responsibility Report provides an overview of how that topic affects the company’s long-term sustainability and how the company plans to address it. The report was written to standards established by the Global Reporting Initiative.
In the report, AEP reiterates its policy regarding climate change and identifies the steps it is taking to reduce the growth of future greenhouse gas emissions as the company builds new power plants to meet growing customer demand. Through its participation in the Chicago Climate Exchange since 2003, AEP will have reduced greenhouse gas emissions by 46 million metric tons by 2010. However, greenhouse gas emissions will begin to increase after that date without further intervention as the company’s new power plants come on line.
Feedback on the report can be left via the company’s CorporateRegister.com listing here
American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP ranks among the nation’s largest generators of electricity, owning nearly 36,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined.
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