AEP AWARDED BEST ESG COMPANY BY INVESTOR’S BUSINESS DAILY

Columbus, Ohio, October 31, 2022 /PRNewswire/ — American Electric Power (Nasdaq: AEP) has been named one of the top ESG companies by Investor’s Business Daily. The list recognizes public companies that combine high Dow Jones sustainability scores with strong financial performance.

IBD evaluated 1,693 companies based on their Dow Jones Newswire environmental, social and governance (ESG) sustainability ratings, selected the top 15%, and then narrowed the list down to the 100 companies with the highest IBD Composite score. The 100 companies were then ranked according to the Dow Jones ESG score.

“Our strategic vision for a cleaner, brighter energy future is focused on driving environmental, social and economic change while maintaining a strong balance sheet and our reputation for operational excellence,” said Nicholas K. Akins, AEP Chairman and Chief Executive Officer. “We are pleased with this recognition, which reflects our continued efforts to deliver value to our customers, communities and shareholders.”

AEP is regularly recognized for its commitment to corporate responsibility and sustainability and has been recognized by JUST Capital as one of America’s Most Just Companies and America’s Most Responsible Companies news week.

Learn more about AEP’s ESG initiatives.

American Electric Power based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP’s approximately 16,700 employees operate and maintain the nation’s largest power transmission system and more than 224,000 miles of distribution lines to provide reliable, affordable power to 5.5 million regulated customers in 11 states. AEP is also one of the nation’s largest power producers with approximately 31,000 megawatts of diverse generation capacity, including more than 7,100 megawatts of renewable energy. The company’s plans include expanding its renewable energy portfolio to about 50% of total capacity by 2030. AEP is on track to reduce carbon emissions by 80% by 2030 from 2005 levels and is committed to achieving net zero by 2045. AEP is regularly recognized for its focus on sustainability, community engagement and diversity, equity and inclusion. The AEP family of companies includes utility companies AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahomaand Southwestern Electric Power Company (in Arkansas, Louisianaeast Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative, competitive energy solutions nationwide. Visit aep.com for more information.

SOURCE American Electric Power

source

Leave a Reply

Your email address will not be published. Required fields are marked *