Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 5

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 5
---
 objectives

We are taking a holistic approach that balances our commitment to reducing greenhouse gas (GHG) emissions with core values that define our culture, and high standards of operations, financial management and corporate governance. We continue to implement our strategic goals: Decarbonize Power, Electrify the Economy, and Advance Our Performance to address broader sustainability commitments which are reflected in our priorities and practices, described in our 2024 Environmental, Social and Governance Report.

Our 2024 Environmental, Social and Governance Report also describes and illustrates our progress on our long-term commitments including 1) clean and renewable energy and GHG emission reductions; 2) workforce engagement and development; 3) community support; 4) environmental stewardship; and 5) sustainable green financing. Our Environmental, Social and Governance Report includes our Scopes 1, 2 and certain Scope 3 emissions, as well as disclosures referencing the Sustainability Accounting Standards Board (SASB), Edison Electric Institute (EEI) Template, Task Force on Climate-related Financial Disclosures (TCFD) framework and United Nation Sustainable Development Goals (UN SDGs).

#### Our Focus Areas and Priorities
| Affordability                                                                                                                                          |     | Reliability                                                                                                                                                                                         |
| •Work to keep prices as low as possible for customers                                                                                                  
 •Design innovative customer programs and solutions to promote energy savings                                                                           
 •Leverage all available tax credits incentives, and public funding to reduce costs for customers                                                       |     | •Enhance the reliability and resiliency of our grid to withstand extreme weather, growing peak customer demand, facilitate electrification and integrate renewable and distributed energy resources 
 •Maintain a comprehensive risk management program, including data security, cybersecurity, physical security wildfire and climate-related risks                                                     |
| Decarbonization                                                                                                                                        |     | Community                                                                                                                                                                                           |
| •Transition from fossil fuel generation to non-emitting energy and capacity resources to support our customers' climate and clean energy goals by 2040 
 •Achieve net zero emissions across all of our operations by 2040                                                                                       |     | •Provide excellent service to the customers and communities we serve                                                                                                                                
 •Attract and develop a talented and diverse workforce                                                                                                                                               
 •Support local communities through  partnerships, philanthropy, employee giving and volunteerism                                                                                                    |

| 2025 Proxy Statement |     | Portland General Electric|7 |

#### Strategy, Performance and Sustainability
Our top sustainability priorities have been informed by an extensive stakeholder-centered and inclusive analysis. The priorities are not listed in accordance to their relative