Investors News Release
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NRG Accelerates Emissions-Reduction Goals to Align With 1.5˚C Trajectory
NRG Commits to
“Addressing climate change is a priority for our company as it presents one of the greatest challenges and opportunities of our time,” said
In 2014, the company established goals to reduce absolute GHG emissions 50% by 2030 and 90% by 2050 – which were in excess of the reductions targets set in the Clean Power Plan and Paris Climate Agreement. In 2015, NRG became the first company in the power sector to earn the endorsement of the Science Based Targets initiative for having GHG emissions goals consistent with what was needed to limit global warming to 2˚ Celsius.
The new goals are based on the reductions necessary to contain global warming to 1.5˚ Celsius, the limit the IPCC now believes is necessary to avoid the worst effects of climate change. NRG also recently joined leading companies in formally signing on to the UN’s Business Ambition to 1.5˚ Celsius, “Our Only Future” pledge.
Customer choice and competitive markets have enabled the acceleration of decarbonization across the power sector. Through technology investments and other internal initiatives, NRG has already achieved a 37% reduction in GHG emissions compared to its carbon footprint in 2014, which is the baseline year for the company’s science-based comparisons. The company will continue these efforts while evaluating and adopting existing and forward-leaning technologies to meet its long-term carbon goals.
NRG’s GHG emission reduction commitments are only one component of the company’s five-pillar sustainability program, which encompasses business, customers operations, suppliers, and workplace. More information on the comprehensive sustainability program can be found at: http://www.nrg.com/sustainability
At NRG, we’re bringing the power of energy to people and organizations, putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in
NRG Safe Harbor Disclosure
The information presented in this press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act. These statements involve estimates, expectations, projections, goals, assumptions, known and unknown risks and uncertainties and can typically be identified by terminology such as “may,” “should,” “could,” “will,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “expect,” “intend,” “seek,” “plan,” “think,” “anticipate,” “estimate,” “predict,” “target,” “potential” or “continue” or the negative of these terms or other comparable terminology. Such forward-looking statements include, but are not limited to, statements relating to the ability of the Company to achieve its GHG emissions goals. These forward-looking statements are subject to a variety of risks and uncertainties. Such risks and uncertainties include factors described from time to time in NRG's filings with the
Kevin L. Cole, CFA