Vistra Publishes 2023 Sustainability Report Highlighting Accelerated Portfolio Transformation & Responsible Decarbonization
"Our world is running on electricity now more than ever.
Select 2023 highlights include:
Environmental Stewardship
-
Vistra achieved a 9% reduction in Scope 1 greenhouse gas (GHG) emissions year-over-year. Looking forward,Vistra has a clear path to hitting its 2030 emissions reduction target -
Vistra's generation fleet has now reduced SO2 emissions by nearly 90% since 2010, including a 44% drop from 2022 -
Carbon intensity (Scope 1) from power generation continues to fall. With the inclusion of three acquired nuclear facilities, 2024 intensity forecast is 0.38 mt CO2e/MWh, representing a 31% improvement compared to 2022
Strategy & Innovation
- Rapidly advanced the transformation of our generation portfolio through additional battery storage, including the addition of 350 MW at our Moss Landing Energy Storage Facility and the 2023 announced acquisition of
Energy Harbor's nuclear fleet, adding 4,000 MW of zero-carbon generation -
Vistra's landmark Retire and Renew program entered its next phase; the program is redeveloping former coal plant sites inIllinois to include utility-scale solar generation and battery energy storage; with these additions,Vistra expects to generate more than 1,000 GWh of solar annually by 2025 - Inaugural use of renewable energy certificates (RECs) and emission-free energy certificates (EFECs) to report on Scope 2 market-based emissions accounting
- As the first retail provider in ERCOT with a net metering plan,
TXU Energy continued to lead the way in rooftop solar. Customer count grew 65% in 2023 with more than$10 million in solar credits paid out to customers
- Launched a series of action plans resulting from our 2022 companywide employee engagement survey, including new training opportunities and development tools to promote internal mobility
- Leaders from the vice president level to managers attended specialized training on inclusive leadership practices
- Grew to 15 Employee Resource Groups (ERGs) to serve
Vistra's diverse employee base and continue recruiting top tier talent - Began a series of monthly, small group discussions led by our chief diversity officer focusing on topics including age differences in the workplace and disability inclusion
Safety and Health
- Total recordable incident rate decreased more than 35% year-over-year
- Employees completed more than 58,000 safety training courses in 2023, with leaders performing more than 56,000 proactive safety engagements fleet-wide
- Implemented a contractor orientation program to ensure every on-site contractor is trained according to Vistra safety standards
Supporting our Communities and Customers
- Provided
$5.3 million in energy bill assistance to Vistra retail customers through our signature Energy Aid program, which marked 40 years of serving customers in crisis -
TXU Energy's Beat the Heat program celebrated 25 years of helping Texans stay safe and cool with fan and air conditioner donations - Invested
$2.4 million in nonprofit organizations supporting critical community needs, economic development, and STEM education, among others - Contributed
$2 million inVistra's fourth year of a five-year,$10 million commitment to support organizations focused on advancing economic and educational opportunities in minority and underserved communities
Responsible Business Practices
-
Vistra's commitment to supply chain diversity resulted in a nearly 30% spending increase with third-party certifiedDiverse Business Enterprises and a 24% increase in small business spending; Selected as a "Best Corporation for Veteran Business Enterprise" by theNational Veteran Owned Business Association (NaVOBA) - Named as one of Time magazine's Best Companies for Future Leaders
- Continued implementation of the
Business Roundtable's skills-based hiring initiative, emphasizing the value of skills, rather than just degrees, to lower barriers to internal mobility - Recognized as one of the Best Places to Work for Disability Inclusion by Disability:IN
About
View original content to download multimedia:https://www.prnewswire.com/news-releases/vistra-publishes-2023-sustainability-report-highlighting-accelerated-portfolio-transformation--responsible-decarbonization-302211384.html
SOURCE