We believe climate change is among the most important issues of our time, and we’re committed to doing our part to ensure a bright and sustainable future for the communities we serve. Through the diligent execution of our Climate Strategy we’re working toward achieving carbon neutrality of our Scope 1 emissions by 2050, which we view as a key step in meeting the climate challenge and building a sustainable energy future for the next generation. In addition, we have a responsibility to our stakeholders to proactively mitigate the company’s climate change risks and capitalize on emerging opportunities in a carbon-neutral economy – all while meeting the changing energy needs of our diverse customer base.
Our Climate Strategy is a major driver of our efforts to modernize our transmission and distribution systems, support widespread electrification and incorporate emerging smart technologies. Our Strategy includes:
As part of our Climate Strategy, we plan to reduce our companywide greenhouse gas (GHG) emissions within our direct operational control (Scope 1) by 30% by 2030 (from our 2019 baseline), as we work toward carbon neutrality by 2050. Key steps in reducing our emissions and improving the sustainability of our operations include:
For historical information on previous emissions reductions and coal unit retirements, please visit our 2019 Climate Report.
Note that global GHG emissions amounted to an estimated 59.1 billion tons of CO2e in 2019, according to the United Nations. FirstEnergy’s Scope 1 emissions were an estimated 18.1 million metric tons in 2019—approximately 0.03% of the annual global total. While FirstEnergy’s total GHG emissions are a small component of global GHG emissions, we believe that climate change is among the most important issues of our time, and we’re committed to doing our part to ensure a bright and sustainable future for the communities we serve.
Please visit our Biodiversity and Conservation, Waste Management and Water Management pages for more information on our efforts to develop increasingly sustainable, responsible operations.
Oversight, accountability and risk mitigation of our Climate Strategy and greenhouse gas reduction goals occur at the highest levels of our company, where our Board of Directors, Corporate Governance and Corporate Responsibility Board Committee, executive-level steering committee and business unit leadership guide our efforts. Additionally, employees throughout the company participate in executing our Climate Strategy and play a key role in helping us to meet our objectives.
We encourage you to read the details of our Climate Strategy, Task Force on Climate-related Financial Disclosures (TCFD) document and Climate Report. Additionally, we conducted a 2-degree scenario analysis as part of our 2019 Climate Report (available here), which helped us to understand potential risks and opportunities in a reduced-carbon future.