exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: governance
Governance
ESG Disclosures
To be competitive in the marketplace, we focus on attraction, 
engagement, development and retention targets. Success 
is measured through key performance metrics focused on 
outcomes mentioned above. The team solicits and utilizes 
feedback gathered from surveys of our candidates, new hires 
and hiring teams, using it to continuously improve the function. 
Our 2030 sustainability target is to provide an average of 12 
training hours per employee, annually.
Remedies for human rights impacts
Our commitment to protecting and respecting human rights 
is established by our Code of Ethics and our Supplier Code of 
Conduct. These commitments apply to our own operations 
and to our suppliers and business partners. We prohibit the
Keyword: governance
Eaton has established rigorous governance and risk 
management processes to identify and mitigate a broad 
spectrum of supply chain risks. Various mechanisms, including 
a global Help Line, have been implemented for the reporting 
of any ethical concern or potential or actual legal violation. Any 
person, including employees and suppliers, may openly or 
anonymously ask a question or report through our Help Line 
or related means. If we learn of any allegations of forced labor, 
slavery or trafficking through our Help Line or any other means, 
we will promptly investigate and act to remediate the situation, 
which could include necessary actions up to termination of 
involved parties. Claims made through our Help Line or Ethics 
Office are reported to the Governance Committee of E
Keyword: governance
Governance
ESG Disclosures
	
	
°	 Have new or significant leadership changes to 
validate previous census data or provide new 
actionable data in advance of next census.
	
	
 
	
	
°	 Have taken significant action in response to census 
survey data to measure progress and identity 
engagement best practices.
Acquisition surveys 
	
•	
Administration as needed to track progress, managed 
by the businesses.
Onboarding survey
	
• 	 Approach and execution varies by sector/business.
Exit survey
	
•	
Administered by third party. 
	
•	
Invite sent after termination is entered in HRMS.
	
•	
Assess trends in exit survey data on a broad scale, or 
correlate to other listening.
Deeper listening sessions
	
•	
All managers of people are expected to conduct a
Keyword: governance
Governance
ESG Disclosures
Employee metrics
Eaton has approximately 94,000 employees globally.
Employee headcount reported under above aligns to the Human Capital Management section of the Principal Activities section of 
the Directors’ Report.
Employees in top management	
Top level management at Eaton includes the CEO plus direct reports, and all global officers.
Total number of employees
93,781
Number of employees in countries with at least 50 employees
93,318
Turnover
Employees who have left Eaton in 2023
19,820
Percentage voluntary and involuntary turnover
21%
Number of employees at top management level
25
Percent of employees at top management level 
0.027%
Number of employees under 30 years old
19,868
Percent of employees under 30 years old
21.
Keyword: governance
Governance
ESG Disclosures
WORKERS IN THE VALUE CHAIN
Eaton’s Supply Chain Management function works with our 
supply base to ensure suppliers can efficiently and effectively 
support our businesses. SCM emphasizes five main objectives: 
	
•	
Manage the acquisition of goods and services. 
	
•	
Create value to our shareholders by driving effective 
cost management and operational efficiencies. 
	
•	
Provide risk management, governance and 
compliance. 
	
•	
Train and communicate to increase awareness and 
understanding. 
	
•	
Drive continuous improvement, supporting growth 
opportunities for both Eaton and our suppliers.
Supply chain risk assessment
As part of our One Eaton Supply Chain Management 
philosophy, Eaton’s Supply Chain Management orga
Keyword: governance
Governance
ESG Disclosures
Eaton Charitable Fund grants are also made available to our 
sites, commensurate with facility size. Our approach helps 
ensure local employees decide how to allocate resources 
where they are needed most. Our employees take pride in 
determining where we invest our time and money. 
In 2023, we donated approximately $10 million in 
charitable contributions around the world. Philanthropy 
and involvement in our local communities is a fundamental 
component of our identity. Eaton’s founder, Joseph O. Eaton, 
helped create the Cleveland Federation for Charity and 
Philanthropy in 1913. Inspired by his leadership, our giving 
strategy is intensely local by design. Eaton has supported 
United Way for more than 100 years. In the
Keyword: governance
Governance
ESG Disclosures
CYBERSECURITY
Management and oversight 
Eaton’s Code of Ethics, Acceptable Use Policy and Employee 
Data Protection Policy cover protecting assets and information. 
The policies direct that employees use Eaton property, 
information and opportunities for Eaton’s business purposes 
and not for unauthorized use. We properly maintain the 
confidentiality of information and employee data entrusted 
to us by Eaton or others. A documented, systematic set of 
Information Security Policies and Standards and supporting 
procedures are used to protect Eaton’s operations, assets, data 
and services and to defend against, respond to and recover 
from cyberattacks. 
These policies and procedures are supported by standardized 
infrastruc
Keyword: governance
Governance Committee of the Board of Directors provides 
oversight of the Ethics and Compliance program, with the 
active, visible and consistent support of Eaton’s senior 
management. 
The Ethics and Compliance team consists of experienced 
lawyers and other professionals from around the globe. 
The team is led by the senior vice president, Ethics and 
Compliance, who, by Charter of the Governance Committee, 
reports to the Committee and has open and unrestricted 
access to the Committee. In addition, the Governance 
Committee must review and approve the appointment of 
the senior vice president. In addition to reporting to the 
Governance Committee, the Charter of the Audit Committee 
of the Board further provides that that Committee shall receive
Keyword: governance
doing business right. The Governance Committee is charged 
with annually reviewing our Code. 
In 2022, we launched an initiative to update and refresh our 
Code to ensure that it reflected our business environment and 
culture. The Code was updated and streamlined, in addition to 
making it interactive and easier to use. We released our new 
Code in October 2023 during Eaton Ethics Week. The title of 
the Code—“The Power of Integrity”—conveys that integrity 
is central to all we do and powers our success. Our Code sets 
forth ten key principles of ethical behavior, which provide the 
foundation for doing business right. 
	
We act with integrity 
	
We always engage in business practices that are consistent 
with our ethics and values. We do not engage in any form of 	
corrupt
Keyword: governance
Governance
ESG Disclosures
	
We compete ethically 
	
We gain a competitive advantage through superior 
performance. We do not engage in unethical or illegal 
competition practices.
	
We champion inclusion, diversity and equity 
and ensure fair employment practices 
	
We stand united in our commitment to living by our values 
and embracing inclusion, diversity and equity at Eaton 
and in society. We ensure equal access and fair treatment 
for all employees. We do not tolerate harassment or 
discrimination in the workplace.
	
We are active stewards of the environment 
and safeguard our employees’ health  
and safety 
	
We share a personal responsibility to create and maintain 
a safe work environment. By working together and 
recognizing that we
Keyword: governance
Governance
ESG Disclosures
Anti-corruption strategy: a multi-faceted approach
A crucial part of Eaton’s overall ethics and compliance program 
is its multi-faceted anti-corruption strategy. The first principle in 
our Code of Ethics emphasizes that acting with integrity means 
that we hold ourselves to the highest ethical standards in every 
situation and that by doing business right and avoiding corruption, 
we reinforce our reputation as a highly ethical company. 
Anti-corruption and related policies
Eaton’s strict prohibition against corruption is embodied in our 
Anti-corruption Policy, which is publicly available in multiple 
languages. Our Anti-corruption Policy strictly prohibits bribes, 
kickbacks or other corrupt payments, as well as facilit
Keyword: governance
The Governance Committee of Eaton’s Board of Directors meets 
annually with the vice president of Public Affairs to review 
our policy on political spending to ensure compliance with 
our policies. We commit to disclose political donations and/or 
lobbying expenditures. Eaton political activity and advocacy is 
guided by our Code of Ethics which specifically states: “We do 
not make contributions on behalf of Eaton to political candidates 
or parties, even where lawful.” We operate a federal political 
action committee and use our employee contributions to support 
candidates we feel can help advance a business community 
agenda. Eaton does not, however, make contributions to “527 
groups” or make independent expenditures directly related to 
candidates
Keyword: governance
trade associations of which Eaton is a member. The Governance 
Committee of Eaton’s Board of Directors meets annually with the 
vice president of Public Affairs to review our policy on political 
spending to ensure compliance with our policies. We commit to 
disclose political donations and/or lobbying expenditures.
 
2023 U.S. advocacy areas:
•	
Electric vehicles, safety and transportation infrastructure
	
o	
Advocated for new heavy-duty vehicle emission 
standards in the U.S. 
	
o	
Supported the implementation of Inflation Reduction Act 
tax incentives in including Commercial clean vehicles 
(Sec. 45W), Alternative Fueling Infrastructure (30C). 
	
o	
Advocated for U.S. National Highway Transportation 
Safety Administration to include overcurrent protection 
requirements for electric vehicles i
Keyword: governance
Governance
ESG Disclosures
ESG DATABOOK AND SASB INDEX
The IFRS Foundation’s International Sustainability 
Standards Board (ISSB) and the Sustainable 
Accounting Standards Board recently integrated. 
The SASB Standards identify the subset of sustainability 
issues most relevant to specific sectors. SASB Standards 
were developed based on extensive feedback from 
companies, investors and other market participants as 
part of a transparent, publicly documented process. Eaton 
reports under the Resource Transformation sector under 
the Electrical & Electronic Equipment industry. 
Appendix A
Topic
Metric
SASB 
alignment
2018
2022
2023
Air 
Emissions[1]
Scope 1 greenhouse gas  
emissions (metric tons CO2e)
284,825
215,653
193,857
Scope 2 greenhouse gas
Keyword: governance
Governance
ESG Disclosures
Appendix A
Topic
Metric
SASB 
alignment
2018
2022
2023
Safety  
and Health
Number of manufacturing sites, also called  
"in-scope" sites
195
198
% of sites with Risk Assessment performed
93%
94%
Lost Time Incident Rate (Total incidents per 
200,000 hrs worked or 100 FTE)
0.23
0.20
0.20
Near miss frequency rate
RT-IG-320a.1
Eaton encourages near miss (NM) and employee concern 
reporting as part of our safety management system (MESH) 
and promotes reporting as part of our Zero Incident Safety 
culture.  NM are used as a leading indicator to identify areas 
of risk and opportunity for continuous improvement. NM 
reporting is tracked as a measure of employee engagement.  
Fatality rate
RT-IG-320a.1
0
1
0
Total Recordable Incide
Keyword: governance
Governance
ESG Disclosures
Appendix A
Topic
Metric
SASB 
alignment
2018
2022
2023
Materials
Sourcing
Description of the management of risks associated 
with the use of critical materials
RT-EE-440a.1
2018 Annual 
Report
2022 Annual 
Report 
2023 Annual
Report
Page 22-25 of Sustainability Report
Governance
CEO Duality (y/n)
Y
Y
Y
% Women on Board
25%
36%
30%
# Female Executives
114
140
161
% Female Executives
19%
23%
24%
Executive Director with Responsibility for CSR (y/n)
Y
Y
Y
Executive Compensation Linked to ESG (y/n) 
Y
Y
Y
Activity
Metrics
Revenue by business segment[7]
RT-EE-000.A
2018 Annual 
Report
2022 Annual 
Report 
2023 Annual
Report
Number of employees
RT-EE-000.B
99,000
91,924
93,781
[1] Scope 3, Category 11 emissions have been restated
Keyword: governance
2-9 Governance structure and composition
Governance Policies and Charters
Sustainability Report page 27-46
2-10 Nomination and selection of the highest governance body
Governance Policies and Charters
2-11 Chair of the highest governance body
Governance Policies and Charters
2-12 Role of the highest governance body in overseeing the management 
of impacts
Sustainability Report Page 40
2-13 Delegation of responsibility for managing impacts
Governance Policies and Charters
Sustainability Report page 22-23
2-14 Role of the highest governance body in sustainability reporting
Sustainability Report page 22-23
2-15 Conflicts of interest
Governance Policies and Charters
2-16 Communication of critical concerns
Sustainability Report page 23-25
2-17 Collective know
Keyword: governance
ledge of the highest governance body
Sustainability Report page 22-23
Appendix B
77
EATON 2023 Sustainability Report 
Introduction
Environment
Social
Governance
ESG Disclosures
Appendix B
GRI Standard
Disclosure
Location
GRI 2: General 
Disclosures 2021
2-18 Evaluation of the performance of the highest governance body
Proxy Statement page 12
2-19 Remuneration policies
Proxy Statement page 33
2-20 Process to determine remuneration
Proxy Statement page 33
2-21 Annual total compensation ratio
Proxy Statement page 63
2-22 Statement on sustainable development strategy
Sustainability Report page 7
2-24 Embedding policy commitments
Governance | Sustainability 
| Eaton
2-25 Processes to remediate negative impacts
Sustainability Report  
page 35-39
2-26 Mechanisms for seeking adv
Keyword: governance
Governance
ESG Disclosures
Appendix B
GRI Standard
Disclosure
Location
GRI 306: Waste 
2020
306-1 Waste generation and significant waste-related impacts
Sustainability Report  
page 62-64
306-2 Management of significant waste-related impacts
Sustainability Report  
page 62-64
306-3 Waste generated
Sustainability Report  
page 64
306-4 Waste diverted from disposal
Sustainability Report  
page 64
306-5 Waste directed to disposal
Sustainability Report  
page 64
GRI 308: Supplier 
Environmental 
Assessment 2016
308-1 New suppliers that were screened using environmental criteria
Sustainability Report page 
25-26, 35, 45
GRI 401: 
Employment 2016
401-2 Benefits provided to full-time employees that are not provided to 
temporary or part-time employees
10-K
Keyword: governance
405-1 Diversity of governance bodies and employees
Sustainability Report  
page 21, 67
405-2 Ratio of basic salary and remuneration of women to men
Pay Equity Statement
GRI 409: Forced or 
Compulsory Labor 
2016
409-1 Operations and suppliers at significant risk for incidents of forced or 
compulsory labor
Slavery and human trafficking 
statement (eaton.com)
GRI 415: Public 
Policy 2016
415-1 Political contributions
Political accountability  
(eaton.com)
GRI 416: Customer 
Health and Safety 
2016
416-2 Incidents of non-compliance concerning the health and safety impacts of 
products and services
Sustainability Report  
page 37. 69. 74
Eaton is a registered trademark.  
All other trademarks are property  
of their respective owners.
Eaton Corporation plc
Eaton House
30
Keyword: governance
support and uphold Environmental, Social, and Governance (ESG) best practices. 
- 
To support our commitment to environmental stewardship, we've innovated an 
Emissions Digital Platform that accurately calculates our carbon footprint and provides 
detailed data visualizations for better understanding and analysis. 
 
 
 
 
5 
 
Declaration and Sign Off  
This Carbon Reduction Plan has been completed in accordance with PPN 06/21 and 
associated guidance and reporting standard for Carbon Reduction Plans.  
Emissions have been reported and recorded in accordance with the published reporting 
standard for Carbon Reduction Plans and the GHG Reporting Protocol corporate standard1 
and uses the appropriate Government emission conversion factors for greenhouse gas 
company reporting2. 
Scope 1 and Scope
Keyword: governance
from pursuing a responsible Environmental, Social and Governance (ESG) agenda. It is important  
to us that our employees, clients, partners and investors know we will speak up for our principles  
and work to bring about a more equal and sustainable world.
As we have observed and evaluated the ESG landscape over the past year, we have built  
EPAM’s ESG framework with the goal of empowering communities with social,  
economic and environmental support in mind. 
We embody these principles by sharing our creative talents and innovations with the  
world around us. Our employees are empowered to create a global network  
of impact, powered by local connections.
EPAM Recognized as a 2022
Top 100 Barron’s Most Sustainable Company
Environment
SUSTAINABLE RESOURCE 
& WASTE MANAGEMENT
We reuse, recycle and upc
Keyword: bribe
HC-BP-510a.1 Total amount of monetary losses as a result of legal proceedings If there are material legal proceedings associated with corruption and bribery and public disclosure criteria are met,
associated with corruption and bribery monetary losses would be included in AbbVie’s 2023 Annual Report Form 10-K.
HC-BP-510a.2 Description of code of ethics governing interactions with health AbbVie is fair and open in our interactions with healthcare professionals. AbbVie does not offer or give gifts or other items
care professionals or services of value to earn favor for our products or to sway medical judgement. AbbVie relies on product quality and
health care outcomes to influence purchasing and prescribing practices.
More details are provided in the Business Ethics section of our 2023 ESG Action Report and in the AbbVie Code of
Business Conduct.
Activity Metrics
HC-BP-000.A Number of patients t
Keyword: bribe
Completion of Assigned Anti-Bribery and Anti-Corruption Training by Full-
- 99% 99%*
and Part-time Employees Globally2
1 Employees who did not complete these trainings include, but are not limited to, those who are on leave of absence, retired or otherwise left the company prior to completion date
2 KPI first introduced for the 2022 ESG Action Report. AbbVie is only reporting data from 2022 onward for this KPI.
* This KPI value received third-party limited assurance in 2023.
Key Performance Indicators: Supplier Spend and Diversity 2021 2022 2023
Total Supplier Spend (USD$ Billions) $14.504¹ $15.038¹ $15.188
Total Spend with Small and Diverse U.S. (including Puerto Rico) Suppliers
$715 $897 $1,033
(USD$ Millions)²
Supplier Sites Assessed In-Depth for Quality 470 478 462
Suppl
Keyword: corruption
HC-BP-510a.1 Total amount of monetary losses as a result of legal proceedings If there are material legal proceedings associated with corruption and bribery and public disclosure criteria are met,
associated with corruption and bribery monetary losses would be included in AbbVie’s 2023 Annual Report Form 10-K.
HC-BP-510a.2 Description of code of ethics governing interactions with health AbbVie is fair and open in our interactions with healthcare professionals. AbbVie does not offer or give gifts or other items
care professionals or services of value to earn favor for our products or to sway medical judgement. AbbVie relies on product quality and
health care outcomes to influence purchasing and prescribing practices.
More details are provided in the Business Ethics section of our 2023 ESG Action Report and in the AbbVie Code of
Business Conduct.
Activity Metrics
HC-BP-000.A Number o
Keyword: corruption
Completion of Assigned Anti-Bribery and Anti-Corruption Training by Full-
- 99% 99%*
and Part-time Employees Globally2
1 Employees who did not complete these trainings include, but are not limited to, those who are on leave of absence, retired or otherwise left the company prior to completion date
2 KPI first introduced for the 2022 ESG Action Report. AbbVie is only reporting data from 2022 onward for this KPI.
* This KPI value received third-party limited assurance in 2023.
Key Performance Indicators: Supplier Spend and Diversity 2021 2022 2023
Total Supplier Spend (USD$ Billions) $14.504¹ $15.038¹ $15.188
Total Spend with Small and Diverse U.S. (including Puerto Rico) Suppliers
$715 $897 $1,033
(USD$ Millions)²
Supplier Sites Assessed In-Depth for Quality 470 478 462
Supplier Sites with Great
Keyword: governance
Governance Key Performance Indicators: Ethics & Compliance¹ 2021 2022 2023
Assigned Employees Certifying to the AbbVie Code of Business Conduct 99% 99% 99%*
Completion of Assigned Conflict of Interest Training by Full- and Part-time
- 99% 99%*
Employees Globally2
Completion of Assigned Anti-Bribery and Anti-Corruption Training by Full-
- 99% 99%*
and Part-time Employees Globally2
1 Employees who did not complete these trainings include, but are not limited to, those who are on leave of absence, retired or otherwise left the company prior to completion date
2 KPI first introduced for the 2022 ESG Action Report. AbbVie is only reporting data from 2022 onward for this KPI.
* This KPI value received third-party limited assurance in 2023.
Key Performance
Keyword: bribe
bribery and corruption, competing with integrity
Exelon’s Compliance & Ethics Office is the primary and environmental protection. The Code strictly Reported concerns are logged and tracked in a case
resource for ethics advice and interpretation of the prohibits any form of retaliation for raising questions management platform and screened by Compliance
Code of Business Conduct and Supplier Code of or concerns about potential violations of the Code or & Ethics. If the report alleges a potential Code of
Conduct. Our Compliance & Ethics Office provides compliance with applicable laws and regulations. Business Conduct violation, Compliance & Ethics
governance and oversight of Exelon’s compliance assigns responsibility to the proper investigation
and r
Keyword: bribe
interest, bribery and corruption, fair competition,
accurate recordkeeping and retaliation.
Exelon Sustainability Report 2023 161Human Rights Policy
Our Human Rights Policy reaffirms respect for
human rights as a fundamental value. It articulates
the company’s commitment to supporting,
respecting and protecting human rights in our
relationships with our employees, suppliers and
business partners. The policy is guided by the United
Nations Guiding Principles on Business and Human
Rights and is published on Exelon’s website.
Political Participation
and Advocacy
Our public policy participation and advocacy
activities are guided by our Corporate Governance
Principles, our policies for interactions with federal,
state and local officials and our corporate and
po
Keyword: corruption
bribery and corruption, competing with integrity
Exelon’s Compliance & Ethics Office is the primary and environmental protection. The Code strictly Reported concerns are logged and tracked in a case
resource for ethics advice and interpretation of the prohibits any form of retaliation for raising questions management platform and screened by Compliance
Code of Business Conduct and Supplier Code of or concerns about potential violations of the Code or & Ethics. If the report alleges a potential Code of
Conduct. Our Compliance & Ethics Office provides compliance with applicable laws and regulations. Business Conduct violation, Compliance & Ethics
governance and oversight of Exelon’s compliance assigns responsibility to the proper investigation
and regulatory oblig
Keyword: corruption
interest, bribery and corruption, fair competition,
accurate recordkeeping and retaliation.
Exelon Sustainability Report 2023 161Human Rights Policy
Our Human Rights Policy reaffirms respect for
human rights as a fundamental value. It articulates
the company’s commitment to supporting,
respecting and protecting human rights in our
relationships with our employees, suppliers and
business partners. The policy is guided by the United
Nations Guiding Principles on Business and Human
Rights and is published on Exelon’s website.
Political Participation
and Advocacy
Our public policy participation and advocacy
activities are guided by our Corporate Governance
Principles, our policies for interactions with federal,
state and local officials and our corporate and
political contrib
Keyword: corruption
GRI G2R0I 520: 5A: Anntit-i-CCoorrrruupptitoinon 205-1 Operations assessed for risks related to corruption Compliance and Ethics, Code of Business Conduct, Supplier Code of Conduct
GRI 205: Anti-Corruption 205-2 Communication and training about anti-corruption policies and procedures Compliance and Ethics, Code of Business Conduct, Supplier Code of Conduct
GRI 205: Anti-Corruption 205-3 Confirmed incidents of corruption and actions taken Compliance and Ethics
GRI 3: Material Topics 2021 3-3 Management of Anti-competitive Behavior Compliance and Ethics
206: Anti-Competitive 206-1 Legal actions for anti-competitive behavior Exelon was not involved in any legal actions related to anti-competitive behavior,
Behavior 2016 anti-trust, or monopoly practices and did not incur any fines or settlements related
to anti-competitive practices in the past fi
Keyword: tax
the patterns of energy supply and demand. rolling out in 2024, tax credits at point-of-sale and expenditures and EVs 26 percent. Meanwhile,
According to the Energy Information Agency, continued IRA incentives, continued growth is third-party companies are introducing tools to
renewables contributed 22 percent of total projected to reach 51 percent EV sales by 2030 (or aggregate DER in a manner that can benefit the
U.S. electricity generation in 2023, up from 8.2 million EVs) with approximately 42 million EVs grid, customers and operations.
13 percent in 2015, and renewables overtook on the road (or 17 percent of all on road vehicles),
coal as the second most prevalent source of according to Bloomberg New Energy Finance.
generation in 2023.
y Interest in lower-carbon fuels is increasing.
The pilot, deploym
Keyword: tax
Exelon continues to work in all our jurisdictions and commitments and to positively influence the The IRA offers a diverse portfolio of tax credits
with multiple levels of government to advocate actions of other stakeholders and the sector as a and incentives to support the growth of renewable
for effective clean energy and climate policy. whole through robust trade association participation. generation as well as the adoption of innovative
Exelon seeks to support public policy that increases Exelon also engages with non-governmental decarbonization technology. This includes lower-
equitable and affordable access to clean energy, organizations that are focused on developing carbon fuels, such as hydrogen and renewable
encourages cost-effective GHG mitigation based on research and innovative policy frameworks that natural gas, to further the transition away from
sound science,
Keyword: tax
to customers, communities and the electric grid. The tax credits offer additional financial backing, providing
report, The Electric School Bus Transition: Accelerating a comprehensive framework for school bus operators
Equitable Deployment Through Understanding Grid to embrace sustainable alternatives by ensuring Program. A subset of the $5 billion over a five-year
Impacts and Policy Solutions, is designed to serve as equitable distribution of benefits without imposing period budgeted for the program is granted through the
a resource for elected officials, school administrators undue burdens on underserved communities. In 2023, IIJA. This program will accelerate the replacement of
and community members seeking to bring electric more than 30 school districts across Exelon’s territories diesel sch
Keyword: tax
energy delivery and other riders, taxes and fees. On
average across Exelon, energy delivery makes up
half of the total rate, while energy supply and other
charges—which are both primarily driven by factors
external to Exelon—comprise the other half. Exelon’s
utilities operate in competitive markets that offer
customers the option to select their supplier of choice
for the energy supply portion of their service (“retail JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
choice”). Retail choice for electric supply is available
avg. temp. 68° avg. temp. 72°
in each of our utility territories; retail choice for gas
supply is offered in all territories except Delaware.
[3] Natural gas usage peaks with the winter heating season.
Exelon Sustainability Report 2023 80Electric Delivery:
Keyword: tax
operation of the grid and modernizing energy Delivery Supply Taxes and Fees Average Electric Bill ($/month)[2]
delivery systems to accommodate new technologies
that advance electrification of the system and
reduce GHG emissions, such as DER and EVs.
2.17%
1.74%
1.69%
Electric Supply: The cost related to the acquisition of
Electric Gas 1.75%
electricity, generally through wholesale markets. The 1.72%
procurement process is closely regulated by state
authorities. The electric supply portion of a customer’s
bill represents a pass-through cost that is subject to
market forces such as upstream fuel costs, generation
availability and mix and energy transition drivers.
Customer Affordability
Other Riders, Taxes and Fees: The cost related Perspectives
to funding for specific programs such as state
mandated target
Keyword: tax
s and EE goals as well as taxes and Customer affordability and cost management remain $135.3 $129.5 $131.6
$122.8
other surcharges. key priorities for Exelon as we seek to support $118.7
balance between affordability and growing interests
in additional investment to support grid resilience,
Gas Delivery: The cost related to the delivery of
modernization and electrification. Our utilities
gas to customers in a safe and reliable manner.
offer multiple programs and incentives focused on
These include capital and operational costs such
energy usage in areas such as EE, renewable energy
as pipeline replacements to enhance safety and
adoption through programs such as Green Power
reduce leaks, upgrades to physical and cybersecurity
Connection and time-of-use and peak demand
pro
Keyword: tax
Exelon Sustainability Report 2023 104Community and Diversity Exelon Corporation and Subsidiaries—2023 Taxes Paid[1]
Banking and Investment Partners
Metric
Collected and Remitted by Total Taxes Paid or
Paid by
In 2023, Exelon arranged $140 million in credit — Exelon Entity on Behalf of Collected and Remitted
Exelon Entity
Government Agencies by Exelon Entity
lines with community and minority owned banks
in Illinois, Maryland, New Jersey and Pennsylvania,
Dollars in Thousands
reinforcing the company’s commitment to invest in
local communities. These transactions help grow Federal Income, Payroll $223,798 $657,231 $881,029
local businesses and are critical to communities. and Other Taxes
Exelon’s minority and community banking program,
State and Local Taxes[2]
which began in 2003, is unique to the energy
industry. Administered by JP Morgan Chase si
Keyword: tax
Taxes are another important way that Exelon
supports the communities in which it operates. In Total 2023 Taxes Paid $1,571,803 $1,707,090 $3,278,893
2023, Exelon paid or collected and remitted a total of
almost $3.3 billion in income, payroll, property, sales,
[1] Numbers reported on a tax basis and rounded in each jurisdiction to the nearest one thousand dollars.
use, and utility taxes directly related to our business
operations, as summarized in the adjacent table. [2] State and local taxes include income; franchise; payroll; property; sales and use; utility and other taxes as applicable in each jurisdiction.
Exelon Sustainability Report 2023 105Powering Our Communities
Through Workforce Development
An integral part of a just transition is equ
Keyword: tax
adoption assistance, tax advantaged accounts,
Exelon has a highly engaged, innovative and
group legal support, one free attorney
collaborative workforce. As of December 31, 2023,
consultation, two no-cost telephonic money coach
43 percent of our employees were represented by
sessions, financial planning calculators and
labor unions. Within the represented population,
advisory services, employee discounts, back-up
Exelon has successfully negotiated 10 collective
child and elder care support and smart health care
bargaining agreements (CBAs) that help balance
shopping resources.
the needs of our company with the interests of our
employees. In 2023, Exelon successfully negotiated
and renewed a CBA at BGE with the International
In 2023, Exelon approved 544
Brotherhood
Keyword: tax
clean energy, cybersecurity, supply chain, tax policy,
workforce development and other related business
issues. In many cases, we are in alignment with the
advocacy positions of these organizations, but not
always. When our views diverge, we may advocate
for change in the association’s positions or voice
our positions separately or in conjunction with
stakeholders who are more closely aligned with us.
Exelon Sustainability Report 2023 162Sustainable Supply Chain
Exelon’s utilities procure a wide range of materials a risk event, many factors are considered, including
and services that support our company operations the location of the Supplier, commodities used
by working with approximately 6,500 suppliers. in the production of the finished goods, and the
Our suppliers help us successfu
Keyword: governance
as the Premier T&D Utility 18 Corporate Governance 153
Safely Powering
Integrating Climate Change: When a Reliability and Resilience 94 Appendix 166
Business Plan Becomes a Transition Plan 46
Supporting Communities 103 Detailed Content Index 192
Cautionary Statements Regarding Forward-Looking Information
This report contains certain forward-looking statements within the meaning of federal securities laws that are subject to risks
and uncertainties. Words such as “could,” “may,” “expects,” “anticipates,” “will,” “targets,” “goals,” “projects,” “intends,” “plans,”
“believes,” “seeks,” “estimates,” “predicts,” “should” and variations on such words and similar expressions that reflect our current
views with respect to future events and operational, economic and financial performance are intend
Keyword: governance
in the areas of economic, social, governance Initiative (GRI), Sustainability Accounting Standards Power Sector protocols and/or the GHG Protocol
and environmental initiatives. Exelon is committed Board (SASB) and the Task Force on Climate Related and International Standards Organization (ISO) 14064
to reporting on our sustainability performance Financial Disclosures (TCFD). For the first time, we standards for the performance of GHG emission
annually. Unless otherwise noted, this report considered the International Sustainability Board’s verifications. Verification statements, with additional
presents information and data that reflect the post- 2023 International Financial Reporting Standards S1 details on verification standards and verification
separation footprint[1] of the T&D ut
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Corporate Governance
An ethical culture with strong corporate governance and risk management oversight is critical to maximizing
Corporate Governance
16 Exelon’s operational results, reducing risks and maintaining compliance with applicable laws and regulations. Our
and Ethics
governance processes are overseen by the Corporate Governance Committee of the Exelon Board of Directors.
Exelon engages with policy makers to advance solutions that support our business interests, provide value to
customers and create desirable outcomes for stakeholders. This engagement includes encouraging industry
Policy Engagement 13
associations to support robust action to combat the effects of climate change, promote needed energy system
transformation and to address social equity
Keyword: governance
Governance: Oversight of climate-related risks and opportunities
Exelon maintains a Climate Change Policy and has established its Path to Clean Program and Steering Committee, ensuring employees understand our position on
these issues. Support for our actions comes from the highest level of the company, including an executive compensation tie-in to GHG emissions performance. Our
Board of Directors and its Corporate Governance Committee ultimately oversee Exelon’s management of climate change considerations, and our Sustainability Council
advises our Executive Committee on climate change issues. Please see the Sustainable Governance section for more detailed information.
Strategy: Using scenario analysis to integrate transition and adaptation consider
Keyword: governance
Governance section for more information on this
400
new performance incentive.
We are beginning to explore GHG offsets and
recognize that they will be needed to meet our
2050 Net-Zero goal for emissions that cannot be
otherwise reduced (currently estimated at 20 percent
of our expected Operations-Driven GHG emission
inventory in 2050). We also are observing that the 2015 2021 2022 2023 2030
science and guidance around the use of GHG offsets Baseline
is still emerging (with a current focus being placed
on carbon removal and/or sequestration offsets). 2050
Therefore, we plan to continue to engage with
stakeholders in that conversation as it progresses [1] All GHG emissions data, including the 2015 baseline, reflects Exelon’s current corporate boundary
Keyword: governance
with a well-defined governance structure for our
internal fleet electrification program. Our Fleet
Electrification transformation includes multiple
workstreams focused on procurement, infrastructure Exelon’s utilities will meet fleet electrification EV Education and Resources
build, policy development, change management, targets cost-effectively by replacing end-of-life
benefits tracking, maintenance, customer education combustion vehicles with plug-in hybrid and fully Our utilities offer a range of resources to inform
and program optimization. Our progress is driven electric vehicles, where possible. By 2025, all end of and empower customers about adopting EVs since
by oversight by an Executive Steering Committee, life Light-Duty vehicles (LDVs) will be replaced by an
Keyword: governance
ecosystems and natural resources through pollution Governance
prevention and our International Standards
Exelon maintains Environmental, Biodiversity, Water, Human Rights and Environmental Justice Principles and
Organization (ISO):14001-certified Environmental
an ISO-certified EMS. The Exelon Board Governance Committee is responsible for overseeing Exelon’s
Management Systems (EMS). Building on this strong
sustainability performance and practices, as described in the Sustainability Governance section of this report.
foundation in 2023, Exelon continued working to
As we begin to consider nature more broadly, we look for opportunities to integrate existing policies with
better understand our opportunities to support
new initiatives to advance positive nature outcomes.
positive nature outcomes. In early
Keyword: governance
prioritization, commitment, governance, stakeholder
engagement, management, advocacy and
transparency. Overall, we see significant opportunity
for industry improvement in this space.
Looking forward, we will leverage these findings to
take the following actions:
y In addition to established metrics such as WHC
and NWF habitat certifications and associated
acre, develop additional corporate-level metrics
for nature-related risks and opportunities.
y Continue to evaluate carbon and climate change
mitigation and adaptation initiatives related to
stewardship and biodiversity, including quality
carbon offsets, which may help close potential gaps
in meeting our 2050 net-zero operation-driven GHG
emission reduction goal under Path to Clean (our
interim 2030 target will not include off
Keyword: governance
Governance section of this report. core group of diverse community-based organizations.
Exelon’s DEI Framework
Exelon operates in a world rich in diversity—in race, Diverse Business Empowerment
ethnicity, gender, sexual orientation, gender identity, Pursuing a diverse range of suppliers, vendors and service providers.
disability, religious affiliation, experience and
thought. As depicted to the right, our program builds
upon five central pillars, among others, to guide our
continued work. Thought Leadership
Sharing our practices and commitment to DEI with employees, customers and communities
to influence and impact the energy industry and beyond.
Diversity, equity and inclusion at
Exelon strengthen our company
and communities.
Exelon Sustainability R
Keyword: governance
dedicated to creating more dynamic workforces, diverse corporate governance,
expansive supply chains, and inclusive management.
Exelon named to the Just Capital, 2023 Rankings of America’s Most JUST
Companies. Each year, JUST Capital ranks the largest U.S.-based corporations
based on polling of what the American public most prioritizes when it comes to
just business behavior on the issues that matter most to Americans, based on
public polling.
Exelon Sustainability Report 2023 142DEI External Partnerships
ASCEND ERG Leadership National
Alliance Organization
Catalyst on Disability
Executive
DEI Board Leadership Council Out & Equal
Disability:IN Human Rights Seramount
Campaign
Tanenbaum
Employee Diversity[1][2] Management Diversity[4]
2022 2022 % 2023 2023 % 2022 2022 % 2023 2023 %
Category Category
Employees of Tot
Keyword: governance
Exelon Sustainability Report 2023 152Corporate Governance
Our governance structure upholds our dedication to integrity and sustainability. Our designated leadership
teams actively evaluate and track our efforts as we strengthen our policies, programs and communications
related to priorities such as human rights, supplier diversity and stakeholder engagement. By integrating
these values throughout our supply chain with Board-level oversight and direction, we can drive progress,
monitor risks and enhance accountability.
Board Oversight Enterprise Risk Management
Investor Engagement Compliance and Ethics
Sustainability Governance Sustainable Supply ChainBoard Oversight
The Corporate Governance Committee of the With the exception of Exelon’s President and CEO, Board of Directors: Key Statistics[1]
Ex
Keyword: governance
the Corporate Governance Committee reviews Corporate Governance Principles. Our Board is
and provides input on an annual report from composed of nine members including four women
management on issues such as our GHG emission and four racially or ethnically diverse members with independent women
reduction goals, strategies for a decarbonized an average director tenure of approximately 2.6
economy, and investor interest in sustainability years.[1] For more information on Exelon’s governance,
practices and reporting. While the Corporate please see our 2024 Proxy Statement and the
44%
Governance Committee has primary oversight, Corporate Governance section of our website.
44% black
the interdisciplinary nature of these issues leads
56% white
to discussions about Exelon’s efforts in managing Shareholders an
Keyword: governance
directly with investors to discuss Exelon’s governance,
compensation and sustainability practices. In 2023,
we contacted the holders of nearly 50 percent
of our shares outstanding with offers to engage.
Portfolio managers and governance professionals
for a significant cross-section of our shareholder
base accepted this offer, representing approximately
42 percent of Exelon’s outstanding shares.
Feedback received from shareholders and other
stakeholder groups is shared with each Board
Committee and the Board, as appropriate, on a
regular basis throughout the year.
Exelon’s Investor Relations staff regularly engages
with investment professionals to discuss Exelon’s
financial and operational performance and facilitates
access to Exelon leadership and subject matter
experts at investor conferences
Keyword: governance
Governance
As a key component of Exelon’s success as a
business, we manage sustainability at the highest
levels of the company. Designated leadership and
dedicated team members work to ensure that
we are moving in the right direction by regularly
evaluating our sustainability goals, measuring
our performance and assessing our impacts. Led
by our Chief Strategy and Sustainability Officer,
our sustainability team resides in our corporate
strategy and innovation function.
Exelon’s executive-level Sustainability Council is
comprised of leaders from across the enterprise
who work together to guide the development and
implementation of Exelon’s sustainability strategy,
programs and disclosures. The Council also advises
Exelon’s Executive Committee on all s
Keyword: governance
Governance at Exelon chart summarizes these roles.
Exelon Sustainability Report 2023 156Sustainability Governance at Exelon
Board of Directors
y Oversees all sustainability issues not specifically y Oversees cybersecurity y Receives annual report on diversity initiatives and
delegated to a committee diverse suppliers
y Engages in ongoing discussions around diversity,
y Evaluates climate change related business risks and workforce development and corporate culture y Reviews corporate philanthropy and political
investment opportunities contribution reports
Operations, Safety and Customer
Talent Management and
Audit and Risk Committee Corporate Governance Committee Experience Committee
Compensation Committee
(new committee in 2024)
y Reviews SEC disclos
Keyword: governance
Departments Involved in Exelon’s Sustainability Governance
For more information on these new AIP metrics,
y Office of the CEO y Federal and State Government & Regulatory Affairs
as well as other updates to Exelon’s executive
compensation plans, please view Exelon’s 2024 y Office of the COO y Finance
Proxy Statement. y Compliance, Audit and Risk y Human Resources
y Corporate Affairs and Communications y Legal
y Corporate Strategy and Sustainability y Utility Operations (BGE, ComEd, PECO, PHI)
Exelon Sustainability Report 2023 158Enterprise Risk Management
Managing operational, financial and regulatory risks, Successful risk management is a team effort across Exelon continually assesses and mitigates
locally and globally, is central to Exelon’s success. our businesses. Each operating company upholds
Keyword: governance
Three Lines Model of governance developed by the
Institute of Internal Auditors.
The Enterprise Risk Management team works with
our business teams to identify, assess and manage
risks while balancing growth considerations
within our risk tolerances. We undertake regular
risk assessments to deepen our understanding
of risks, enable effective action to mitigate risks
and strengthen our risk culture. To deepen our
understanding of risks, enable effective action
to mitigate risks and strengthen our risk culture,
we undertake regular risk assessments. The team
works to align our key risk indicators with our risk
appetite and industry-leading practices. A summary
of Exelon’s top enterprise risks, including oversight
activities and management of emerging and actual
risks, is pr
Keyword: governance
governance and oversight of Exelon’s compliance assigns responsibility to the proper investigation
and regulatory obligations. The Compliance & Employees are required to complete annual code organization based on the nature of the report. Most
Ethics Office conducts an annual risk assessment to of business conduct training. Non-represented investigations are assigned to Human Resources,
identify compliance risks across the organization, employees must complete an annual certification Security, or are retained by Compliance & Ethics.
while assessing controls for those risks. It works with disclosing potential conflicts of interest and Certain investigations are conducted by or under
business teams to promote the appropriate design, certifying their un