exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: governance
8866 || GGoovveerrnnaannccee || CCoorrppoorraattee GGoovveerrnnaannccee aanndd EESSGG OOvveerrssiigghhtt Committee ChairABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
Director that is elected annually by the other Independent Director Overview*
disinterested independent directors, upon BEST PRACTICES ACCOUNTABILITY STOCKHOLDER RIGHTS
DIVERSITY
the recommendation of the Governance and
Director overboarding limits Annual election of all directors Proxy access
Nominating Committee, and is a critical aspect
overall diversity,
of our corporate governance framework. Our Stock ownership requirements for Majority voting (plurality for Stockholder right to call
55% including: 3 women
Board believes that an active, empowered Lead executive officers and directors contested elections) special meeting
and 3 people of color
Independent Director is key to providing strong,
Continuing education and Annual Boar
Keyword: governance
Audit, Compensation, Governance and Director retirement policy assessment of the CEO by
new directors
Nominating and Risk. Each committee is: independent directors 50% vote standard to 6
Stockholder engagement program in the past 5 years
amend bylaws
• Led by an active, empowered, and Clawback provisions in equity
ESG considered in making
independent committee chair. compensation awards Stockholder right to act by
executive compensation decisions
written consent INDEPENDENCE
• Comprised of all independent members. Director resignation policy
Board oversight of ESG
Committee Chairs
• Operated in accordance with a written Lead Independent Director
and members and
charter, which is reviewed annually.
the Lead Director are
qualifications and an unwavering commitment the Gove
Keyword: governance
objectives. The Governance and Nominating Capital One’s strategic direction to determine
Committee, under the direction of its chair – what actions may be desirable to best position
Board Recruiting and Diversity Average Tenure:
who also currently serves as Capital One’s the Board and Capital One for success.
7 years
At Capital One, we appreciate that our investors Lead Independent Director – assesses the
For more information, please visit the
share our passion for cultivating a Board composition of, and criteria for, membership
Corporate Governance section of our website
that encompasses the optimal mix of diverse on the Board and its committees on an
which includes information on directors, *As of September 1, 2022
backgrounds, experiences, skills, expertise, ongo
Keyword: governance
87 | Governance | Corporate Governance and ESG OversightABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
against risk appetites and limits. The senior
Senior Management
management committees are important links
between Capital One’s management and the The Board fully supports the Company’s mission to Change Banking for Good.
Our executive officers are stewards of Capital Board. Accountable executives for each senior
Its recent move to eliminate overdraft and non-sufficient fund fees is just one
One’s culture and demonstrate the “tone at the management committee are responsible for
example of that mission in action and a testament to the powerful role
top” for associates through their leadership and ensuring that matters discussed at committee
that innovation, social impact and inclusive products and services play in
management of the
Keyword: governance
88 | Governance | Corporate Governance and ESG OversightABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
Oversight and
Management of ESG Board of Directors
The full Board oversees all enterprise business operations and ensures efficient and effective oversight
At Capital One, oversight and management of
ESG is integrated into our existing governance of the Company’s strategic direction, including the development and implementation of ESG-related
structure at the Board and management levels objectives. The Board engages with its committees and management on significant strategic ESG matters
of the Company. including certain aspects of climate strategy, DIB efforts and human capital management.
Board Oversight of ESG
At the Board level, the Board and its
committees, as appropriate, coordinate to
Board Committees
provide comprehensive o
Keyword: governance
Governance & Risk Audit Compensation
Nominating Committee: Committee: Committee: Committee:
Has overall responsibility Oversees risks within Oversees management Oversees compensation
for Board and committee Capital One’s risk compliance with ethical policies and practices,
engagement with, and management framework, standards and ESG-related including the consideration
oversight of, Capital including risks related to information in SEC of ESG in executive
One’s ESG-related policies ESG strategy and activities. disclosures, audits and compensation.
and programs. attestations.
89 | Governance | Corporate Governance and ESG OversightABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
Management Oversight of ESG
At the management level, we oversee ESG issues
S
Keyword: governance
facilitation of ESG-related governance processes.
Dedicated Climate Executive: We have also
designated a Senior Advisor to the CEO to serve
as the Head of Climate for the enterprise. This
individual leads a team that meets regularly
to develop and review corporate strategy on
emerging climate issues such as greenhouse
gas emissions, climate regulations and climate-
related challenges and opportunities in our
lines of business and across the enterprise.
90 | Governance | Corporate Governance and ESG OversightABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
GOVERNANCE
Risk Management
Effective risk management and control processes are
critical to our safety and soundness, our ability to
predict and manage the challenges that Capital One
and the financial services industry face and,
Keyword: governance
91 | Governance | Risk ManagementABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
Risk Management
Risk Management Framework Elements
Framework
Governance and Accountability
Our enterprise-wide risk management
framework defines the Board’s appetite for
risk taking and enables senior management to
Strategy and Risk Alignment
understand, manage and report on risk. Our
risk management framework is implemented
enterprise-wide and includes seven risk
categories: compliance, credit, liquidity,
market, operational, reputation and strategic. Assessment, Measurement Aggregation, Reporting
Risk Identification Monitoring and Testing
ESG-related risk management is integrated and Response and Escalation
across our risk management framework. For
details on how Capital One manages climate
risk, see the Climate Risk Management
Keyword: governance
92 | Governance | Risk ManagementABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
Our risk management framework also sets
expectations for our “Three Lines of Defense” First Line Second Line Third Line
model, which defines the roles, responsibilities
Identifies and Owns Risk Advises and Challenges Provides Independent Assurance
and accountabilities for taking and managing
risk across Capital One.
Definition Business areas that are accountable for risk Independent Risk Management and Internal Audit and Credit Review.
and responsible for: i) generating revenue Support Functions (e.g., Human Resources,
or reducing expenses; ii) supporting the Accounting, Legal).
business to provide products or services
to customers; or iii) providing technology
services for the first line.
Key Identify, assess, measure, monitor, I
Keyword: governance
with their business. taking activities for the first line of defense. our systems and governance processes are
designed and working as intended.
Support Functions: Centers of specialized
expertise that provide support services to
the enterprise.
93 | Governance | Risk ManagementABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
Risk Appetite Risk Governance
Executive Risk
Committee
Capital One’s risk appetite defines the Board’s Our risk governance structure is designed
tolerance for risk outcomes at an enterprise level to effectively and consistently oversee the Chair:
and enables senior management to manage and management of risks across Capital One. Chief Risk Officer
report within these boundaries in pursuit of our Our Board, CEO and management establish
business objectives. Our risk appetite aligns with the “tone at the top” regardin
Keyword: governance
committees serve as governance forums for authority across five senior management
maintain a well-capitalized bank with a chaired by the CRO and serves as a forum for
strong brand and reputation. the CEO, Chief Risk Officer (CRO), and other committees to focus on specific risk categories
management to have integrated discussions
management executives to receive and discuss and business activities.
regarding risk management to ensure
94 | Governance | Risk ManagementABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
GOVERNANCE
Business Ethics
and Responsible
Business Practices
Building an enduring company requires an unwavering
commitment to living our values and demonstrating
the highest standards of integrity and professionalism.
Our core values of Excellence and Do the Ri
Keyword: governance
95 | Governance | Business Ethics and Responsible Business PracticesABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
an independent third party. Reports may be Please see our website for a full copy of the honest and ethical manner, with a zero-tolerance
Code of Conduct
submitted to the Ethics Line online or through a Code of Conduct. approach to bribery and corruption.
call center that operates 24 hours a day, seven days
Anti-Corruption and Anti-Bribery Anti-Money Laundering
Capital One’s culture is built on two core values: a week. Ethics Line complaints may be submitted
Excellence and Do the Right Thing. anonymously and phone calls are not recorded.
Our Code prohibits associates from engaging in Capital One is committed to upholding all
Each year, associates are required to complete a
bribery or corruption of any type and requires applicable
Keyword: governance
96 | Governance | Business Ethics and Responsible Business PracticesABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
GOVERNANCE
Political Activity
At Capital One, we believe that engaging in the
legislative and regulatory rulemaking processes is
important for our business, customers, and associates.
Advocacy gives us a voice and a platform to reinforce
our priorities and our values, and to help move our
industry and our country forward through the power
of effective policy making.
97 | Governance | Political ActivityABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
Capital One is impacted by the legislation We recognize the diverse political viewpoints of
enacted by lawmakers in Washington, D.C. and our associates and seek to provide them with the
state capitals, as well as regulations issued at the tools and information needed to engage on the
Cap
Keyword: governance
political disclosure and effective governance who responsibly evaluate and take action on
We embrace the role that regulation plays and accountability. Capital One’s political contributions during 2021 issues of concern to the Company and our
in ensuring the safety and soundness of our were all made in accordance with its Corporate associates and customers. We generally focus
industry and protecting the vital interest of our 2021 Statements on Independent and PAC Political Contributions Guidelines. on members of leadership, members of relevant
customers — be they individual consumers, Political Expenditures and Ballot Contributions for federal offices and some state committees and members from states or districts
small businesses or large corporations. and local offices are made throu
Keyword: governance
98 | Governance | Political ActivityABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
We also make contributions to certain trade Approval and Reporting of
association PACs to which Capital One
Political Contributions
belongs. In addition, contributions are made
to leadership PACs of particular members of Requests for political contributions are
Congress and general purpose committees evaluated by the Contributions Committee (a
supporting coalitions of candidates. management-level committee) and approved
by the Vice President, Head of Government and
Board of Directors Oversight Policy Affairs. Political spending reflects Capital
One’s interests and not those of individual
The Board plays an important role in overseeing
associates. We report political contributions
Capital One’s public policy engagement and
semi-ann
Keyword: governance
political participation. The Governance and
are approved, which may differ from when
Nominating Committee of the Board, which is
recipients report receiving the contribution.
composed entirely of independent directors,
oversees Capital One’s governance policies More information on our political activity can be
regarding political activity and expenditures. found within Capital One’s 2021 Government
The Governance and Nominating Committee and Public Affairs Annual Report.
approves on an annual basis its contribution
criteria, spending guidelines and total corporate
expenditure budget. The Governance and
Nominating Committee also reviews on an
annual basis Capital One’s political contributions,
including contributions to candidates, political
action committees, corporate contribut
Keyword: governance
99 | Governance | Political ActivityAppendix
APPENDIXABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
SASB Commercial Banks SASB Disclosures
METRIC CODE DISCLOSURE/ADDITIONAL INFORMATION
(1) Number of data breaches, (2) percentage involving personally FN-CB-230a.1 Please refer to the Privacy and Data Security section of this report.
identifiable information (PII), (3) number of account holders affected
For a complete discussion of our 2019 data breach please see our 2019 10-K, pg. 5.
There were no material data breaches involving PII in 2020 or 2021.
Description of approach to identifying and addressing data security risks FN-CB-230a.2 Please refer to the Privacy and Data Security section of this report.
For additional information, please see pg. 34 of our
Keyword: governance
101 | Appendix | SASBABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
SASB Consumer Finance
METRIC CODE DISCLOSURE/ADDITIONAL INFORMATION
Number of account holders whose information is used FN-CF-220a.1 Please refer to the Privacy and Data Security section of this report.
for secondary purposes
For additional information, please refer to www.capitalone.com/privacy.
Total amount of monetary losses as a result of legal proceedings FN-CF-220a.2 For information on any legal proceedings, please refer to our 10-K filings.
associated with customer privacy
(1) Number of data breaches, (2) percentage involving personally FN-CF-230a.1 Please refer to the Privacy and Data Security section of this report.
identifiable information (PII), (3) number of users affected
For a complete discussion of our 2019 data bre
Keyword: governance
102 | Appendix | SASBABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
TCFD Recommended Governance Disclosures TCFD Recommended Strategy Disclosures TCFD Disclosures
METRIC DISCLOSURE/ADDITIONAL INFORMATION METRIC DISCLOSURE/ADDITIONAL INFORMATION
Describe the Board’s oversight of climate-related risks Please refer to the Oversight and Management of ESG Describe the climate-related risks and opportunities the Please refer to the Climate Risk Management section of
and opportunities. and the Climate Risk Management section of this report. organization has identified over the short, medium, and this report.
long term.
Please also refer to pg. 46 of our 2022 Proxy Statement.
Describe the impact of climate-related risks and Please refer to the Climate Risk Management section of
opportunities on the organi
Keyword: governance
103 | Appendix | TCFD DisclosuresABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
TCFD Recommended Risk Management Disclosures TCFD Recommended Metric and Targets Disclosuress
METRIC DISCLOSURE/ADDITIONAL INFORMATION METRIC DISCLOSURE/ADDITIONAL INFORMATION
Describe the organization’s processes for identifying and Please refer to the Climate Risk Management and Disclose the metrics used by the organization to assess Please refer to the Climate Risk Management section of
assessing climate-related risks. Risk Management sections of this report. climate-related risks and opportunities in line with its this report.
strategy and risk management process.
Describe the organization’s processes for managing Please refer to the Climate Risk Management and
climate-related risks Risk Management sections of this report.
Dis
Keyword: governance
104 | Appendix | TCFD DisclosuresABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
For content outside of the ESG Report, page numbers referenced in disclosures mark the beginning of the section in which the
GRI Disclosures
disclosure is located, rather than to specific pages, to ensure disclosures are reviewed within the necessary context.
GRI 2021 STANDARDS DISCLOSURE LOCATION
GENERAL DISCLOSURES
Company Profile, pg. 10
2-1 Organizational details
Markets served: U.S., Canada, U.K., India, Philippines.
Capital One Financial Corporation and its subsidiaries, on a consolidated basis, unless we say,
2-2 Entities included in the organization’s
or the context implies, otherwise.
sustainability reporting
Reporting Standards, pg. 6
This report was issued in September 2022 and covers the period between January 1, 2021,
Keyword: governance
Corporate Governance and ESG Oversight, pg. 85
2-9 Governance structure and composition
2022 Proxy Statement, pg. 13
105 | Appendix | GRI Content IndexABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
GRI 2021 STANDARDS DISCLOSURE LOCATION
GENERAL DISCLOSURES
2-10 Nomination and selection of the highest
2022 Proxy Statement, pg. 13
governance body
Corporate Governance and ESG Oversight, pg. 85
2-11 Chair of the highest governance body
2022 Proxy Statement, pg. 13
2-12 Role of the highest governance body in Corporate Governance and ESG Oversight, pg. 85
overseeing the management of impacts 2022 Proxy Statement, pg. 13
2-13 Delegation of responsibility for managing
2022 Proxy Statement, pg. 13
impacts
Corporate Governance and ESG Oversight, pg. 85
2-14 Role of the
Keyword: governance
highest governance body in Capital One’s Board of Directors Governance and Nominating Committee reviews
sustainability reporting Capital One’s ESG Report and focus areas.
2022 Proxy Statement, pg. 13
GRI 2: General
Disclosures 2021 2-15 Conflicts of interest Corporate Governance Guidelines, pg. 6
Business Ethics and Responsible Business Practices, pg. 95
2021 Capital One Annual Report, pg. 79
2-16 Communication of critical concerns
2022 Code of Conduct
2022 Proxy Statement, pg. 13
2-17 Collective knowledge of the highest
2022 Proxy Statement, pg. 13
governance body
2-18 Evaluation of the performance of the highest
2022 Proxy Statement, pg. 13
governance body
2-19 Remuneration policies 2022 Proxy Statement, pg. 52
2-20 Process to determine remuneration 2022 Proxy Statement, pg. 52
106 | Appendix | GRI Content
Keyword: governance
IndexABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
GRI 2021 STANDARDS DISCLOSURE LOCATION
GENERAL DISCLOSURES
2-21 Annual total compensation ratio 2022 Proxy Statement, pg. 52
2-22 Statement on sustainable A Message from, pg. 4
development strategy 2021 Capital One Annual Report, pg. 2
Business Ethics and Responsible Business Practices, pg. 95
2022 Code of Conduct
2-23 Policy commitments Third Party Code of Business Conduct and Ethics
Capital One Online Privacy Policy
Capital One Subpoena Policy
GRI 2: General Business Ethics and Responsible Business Practices, pg. 95
Disclosures 2021 2-24 Embedding policy commitments 2022 Code of Conduct
Third Party Code of Business Conduct and Ethics
Business Ethics and Responsible Business Practices, pg. 95
2-25 Processes to remediate negative
Keyword: governance
107 | Appendix | GRI Content IndexABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
GRI 2021 STANDARDS DISCLOSURE LOCATION
GENERAL DISCLOSURES
Political Activity, pg. 97
2-28 Membership associations 2021 Government and Policy Affairs Group Mid-Year Report
2021 Government and Policy Affairs Group Annual Report
GRI 2: General
Our Approach to ESG, pg. 7
Disclosures 2021
2-29 Approach to stakeholder engagement
2021 Capital One Annual Report
None of our associates are covered under a collective bargaining agreement, and
2-30 Collective bargaining agreements
management believes we have a positive working environment for our associates.
MATERIAL TOPICS
Reporting Standards, pg. 6
3-1 Process to determine material topics
Our Approach to ESG, pg. 7
GRI 3: Material Topics 2021 3-2 List of material topics Our Approach to ESG
Keyword: governance
108 | Appendix | GRI Content IndexABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
GRI 2021 STANDARDS DISCLOSURE LOCATION
INDIRECT ECONOMIC IMPACTS
Community Engagement and Social Impact, pg. 48
GRI 3: Material Topics 2021 3-3 Management of material topics
2021 Capital One Annual Report, pg. 2
Community Engagement and Social Impact, pg. 48
203-1 Infrastructure investments and
services supported
2021 Capital One Annual Report, pg. 2
GRI 203: Indirect Economic
Consumer Well-Being and Financial Inclusion, pg. 42
Impacts 2016
203-2 Significant indirect economic impacts Consumption and Waste Reduction, pg. 20
Sustainable Finance, pg. 25
ENERGY
GRI 3: Material Topics 2021 3-3 Management of material topics Consumption and Waste Reduction, pg. 20
302-1 Energy consumption within the organization Greenhouse Gas Emissions,
Keyword: governance
109 | Appendix | GRI Content IndexABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
GRI 2021 STANDARDS DISCLOSURE LOCATION
EMISSIONS
Climate Risk Management, pg. 17
GRI 3: Material Topics 2021 3-3 Management of material topics Greenhouse Gas Emissions, pg. 18
Consumption and Waste Reduction, pg. 20
305-1 Direct (Scope 1) GHG emissions Greenhouse Gas Emissions, pg. 18
305-2 Energy indirect (Scope 2) GHG emissions Greenhouse Gas Emissions, pg. 18
GRI 305: Emissions 2016
305-3 Other indirect (Scope 3) GHG emissions Greenhouse Gas Emissions, pg. 18
305-5 Reduction of GHG emissions Greenhouse Gas Emissions, pg. 18
WASTE
GRI 3: Material Topics 2021 3-3 Management of material topics Consumption and Waste Reduction, pg. 20
306-3 Waste generated Consumption and Waste Reduction, pg. 20
GRI 306: Waste 2020
306-5 Waste direc
Keyword: governance
110 | Appendix | GRI Content IndexABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
GRI 2021 STANDARDS DISCLOSURE LOCATION
EMPLOYMENT
Human Capital, pg. 27
Workplace Diversity, Inclusion and Belonging, pg. 32
GRI 3: Material Topics 2021 3-3 Management of material topics Workforce Development, pg. 68
2021 Capital One Annual Report, pgs. 2, 17
2022 Proxy Statement, pg. 13
401-2 Benefits provided to full-time 2021 Capital One Annual Report, pgs. 17, 191
GRI 401: Employment 2016 employees that are not provided to temporary
or part-time employees Health Benefits: Healthy Body, Healthy Mind
DIVERSITY AND EQUAL OPPORTUNITY
Workplace Diversity, Inclusion and Belonging, pg. 32
GRI 3: Material Topics 2021 3-3 Management of material topics 2021 Capital One Annual Report, pgs. 2, 17
2022 Proxy Statement, pg. 13
Workplace Div
Keyword: governance
Corporate Governance and ESG Oversight, pg. 85
405-1 Diversity of governance bodies
Board of Directors, pg. 86
and employees
GRI 405: Diversity and Equal
2021 Capital One Annual Report, pg. 17
Opportunity 2016
2022 Proxy Statement, pg. 13
405-2 Ratio of basic salary and remuneration
Pay Equity, pg. 38
of women to men
111 | Appendix | GRI Content IndexABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
Verification Opinion Declaration GHG Emissions Statement:
Greenhouse Gas Emissions Capital One GHG Emissions for Reporting Year 2019
Scope 1 Emissions Metric Tonnes (mt) of CO₂ equivalent (CO₂e) 10,125
Scope 2 Emissions – Location Based mt CO₂e 155,990
used to collect, analyze and review the information.
To: The Stakeholders of Capital One
Scope 2 Emissions – Market B
Keyword: governance
112 | Appendix | GRI Content IndexABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
Period covered by GHG emissions verification: GHG Verification Methodology: It is our opinion that Capital One has established Attestation:
appropriate systems for the collection, aggregation
• January 1, 2019 to December 31, 2019 • Interviews with relevant personnel of
and analysis of quantitative data for determination
Capital One;
Criteria against which verification was conducted: of these GHG emissions for the stated period and
• Review of documentary evidence produced by boundaries.
• World Resources Institute (WRI)/World Business Scott Johnston, Lead Verifier
Capital One;
Council for Sustainable Development (WBCSD) Statement of independence, Principal Consultant
Greenhouse Gas (GHG) Protocol Corporate • Review of Capital One
Keyword: governance
113 | Appendix | GRI Content IndexABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
Verification Opinion Declaration GHG Emissions Statement:
Greenhouse Gas Emissions Capital One GHG Emissions for Reporting Year 2020
Scope 1 Emissions Metric Tonnes (mt) of CO₂ equivalent (CO₂e) 7,199
Scope 2 Emissions – Location Based mt CO₂e 111,097
used to collect, analyze and review the information.
To: The Stakeholders of Capital One
Scope 2 Emissions – Market Based mt CO₂e 1,613
Apex is responsible for expressing an opinion on the
Services LLC
GHG emissions statement based on the verification. Scope 3 Emissions Total mt CO₂e 222,792
Verification activities applied in a limited level of
Apex Companies LLC, (Apex) was engaged to • Scope 3 Emissions – Category 1 Purchased Goods & Services – mt CO₂e 146,334
assurance verificatio
Keyword: governance
114 | Appendix | GRI Content IndexABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
Period covered by GHG emissions verification: GHG Verification Methodology: It is our opinion that Capital One has established Attestation:
appropriate systems for the collection, aggregation
• January 1, 2020 to December 31, 2020 • Interviews with relevant personnel of
and analysis of quantitative data for determination
Capital One;
Criteria against which verification was conducted: of these GHG emissions for the stated period and
• Review of documentary evidence produced by boundaries.
• World Resources Institute (WRI)/World Business Scott Johnston, Lead Verifier
Capital One;
Council for Sustainable Development (WBCSD) Statement of independence, Principal Consultant
Greenhouse Gas (GHG) Protocol Corporate • Review of Capital One
Keyword: governance
115 | Appendix | GRI Content IndexABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
Verification Opinion Declaration GHG Emissions Statement:
Greenhouse Gas Emissions Capital One GHG Emissions for Reporting Year 2021
Scope 1 Emissions Metric Tonnes (mt) of CO₂ equivalent (CO₂e) 6,608
Scope 2 Emissions – Location Based mt CO₂e 95,911
used to collect, analyze and review the information.
To: The Stakeholders of Capital One
Scope 2 Emissions – Market Based mt CO₂e 1,756
Apex is responsible for expressing an opinion on the
Services LLC
GHG emissions statement based on the verification. Scope 3 Emissions Total mt CO₂e 223,852
Verification activities applied in a limited level of
Apex Companies LLC, (Apex) was engaged to • Scope 3 Emissions – Category 1 Purchased Goods & Services – mt CO₂e 152,182
assurance verification
Keyword: governance
116 | Appendix | GRI Content IndexABOUT ENVIRONMENTAL SOCIAL GOVERNANCE APPENDIX
Period covered by GHG emissions verification: GHG Verification Methodology: It is our opinion that Capital One has established Attestation:
appropriate systems for the collection, aggregation
• January 1, 2021 to December 31, 2021 • Interviews with relevant personnel of
and analysis of quantitative data for determination
Capital One;
Criteria against which verification was conducted: of these GHG emissions for the stated period and
• Review of documentary evidence produced by boundaries.
• World Resources Institute (WRI)/World Business Scott Johnston, Lead Verifier
Capital One;
Council for Sustainable Development (WBCSD) Statement of independence, Principal Consultant
Greenhouse Gas (GHG) Protocol Corporate • Review of Capital One
Keyword: bribe
throughout our operations, we collaborate across our assets and confidential information, bribery and corruption,
business to reduce our impact, develop an inclusive culture political contributions and competing with integrity.
and support our employees and communities.
All new employees are required to complete training on the
Code, and current employees take annual refresher training.
Ethics and Furthermore, all non-represented employees and Board
members must complete a certification of compliance
Compliance
questionnaire each year to disclose potential conflicts of
interest and certify their understanding of the Code. In 2021,
How we conduct our operations is just as important to 99 percent of employees completed required training on the
us as the positive impacts we have on our customers Code and we achieved an average 99 percent
Keyword: corruption
throughout our operations, we collaborate across our assets and confidential information, bribery and corruption,
business to reduce our impact, develop an inclusive culture political contributions and competing with integrity.
and support our employees and communities.
All new employees are required to complete training on the
Code, and current employees take annual refresher training.
Ethics and Furthermore, all non-represented employees and Board
members must complete a certification of compliance
Compliance
questionnaire each year to disclose potential conflicts of
interest and certify their understanding of the Code. In 2021,
How we conduct our operations is just as important to 99 percent of employees completed required training on the
us as the positive impacts we have on our customers Code and we achieved an average 99 percent completion of
a
Keyword: corruption
for risks related to corruption Governance > Ethics and Compliance (p. 50–51)
205-2: Communication and training about Constellation 2022 Sustainability Report:
GRI 205: Anti-Corruption 2016
anti-corruption policies and procedures Governance > Ethics and Compliance (p. 50–51)
205-3: Confirmed incidents of Constellation 2022 Sustainability Report:
corruption and actions taken Governance > Ethics and Compliance (p. 50–51)
206-1: Legal actions for anti-competitive Constellation 2022 Sustainability Report:
GRI 206: Anti-Competitive Behavior 2016
behavior, anti-trust, and monopoly practices Governance > Ethics and Compliance (p. 50–51)
Risk Management
103-1: Explanation of the material topic Constellation 2022 Sustainability Report:
and its Boundary Governance > Risk Managemen
Keyword: tax
64,800 hours of volunteer time. We also invest more than $300 million annually in state and local taxes that benefit the
communities we serve.
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix03 Constellation 2022 Sustainability Report
Our commitment to DEI extends to our corporate giving and our inclusive leadership model. More than 84 percent of
Constellation’s giving went to organizations and programs that target diverse and underrepresented populations. A key focus
is on workforce development and promoting science, technology, engineering and math (STEM) education, especially among
women and minorities. We will maintain our focus on creating economic opportunities while ensuring that the benefits of our
transition to clean energy are shared equitably. In addition, our senior leaders have DEI performance goal
Keyword: tax
producer of clean energy[2] in the U.S. in state payroll taxes paid in local communities
Generates 10% ~215 TWh
of the nation’s clean electricity of power served to Commercial customers[3]
32,400 MW
of capacity consisting of nuclear, wind, solar, hydroelectric power and natural gas
Serves 48 states 94.5%
and the District of Columbia capacity factor at nuclear plants[4]
$19.64 billion ~11,700
in operating revenues (expected to be a Fortune 200 company) employees nationwide
$215 million 124M MT
in local property taxes of carbon emissions avoided through our nuclear and renewable fleet[5]
$5 million 64,800
in employee donations to nonprofit organizations employee volunteer hours
[1] As of December 31, 2021.
[2] "Clean” is defined as the percent of MWh that are produced using non-emitting technology (rene
Keyword: tax
was the federal clean energy tax package, but it is hardly
the first one. Over the past seven years, Constellation
For decades, Constellation and its predecessor company worked with state and local policymakers to find
have engaged with policymakers at the federal and state solutions that drive decarbonization while continuing to
levels to enact comprehensive legislation that drives provide value to customers. Approximately 66 percent
decarbonatization and the response to the climate crisis. of Constellation’s nuclear capacity operates under state
We actively support energy policies that address the need for programs that compensate us for the clean nature of our
clean energy generation in the U.S. Constellation supported energy production. These programs ensure the conti
Keyword: tax
passage of the clean energy tax package in Congress affordability of clean energy through the sustained operation
that contains, among other things, up to a $15 per MWh of our existing fleet. The programs also provide stable
production tax credit for existing nuclear and up to a $3 per revenues that enable continued investment in our nuclear
kilogram credit for producing hydrogen from clean sources plants and provide essential customer protections to buffer
such as nuclear. We are engaged in agency rulemaking against price fluctuations. This allows for the sustainable
and in the courts, including our recent support for strong operation of our fleet in unpredictable energy markets.
federal authority to regulate GHG emissions from power New York and Illinois launched zero-
Keyword: tax
[1] The recently-enacted federal nuclear production tax credit contains provisions to ensure that the federal and state support are not duplicated.
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix25 Constellation 2022 Sustainability Report
Environment
Environmental Management and Compliance
Water Management
Biodiversity Protection
Waste Management
Air Emissions
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix26 Constellation 2022 Sustainability Report
Environmental Management and Compliance
Constellation is subject to comprehensive and complex environmental statutes and regulations at the federal, state and local
levels, including requirements relating to water quality, impacts on species and habitat, solid and hazardous waste and ai
Keyword: governance
48 Governance
49 Corporate Governance
32 Society
50 Ethics and Compliance
33 Energy Equity and Environmental Justice 51 Risk Management
33 Community Engagement 52 Supply Chain Management
36 Public Safety
53 Appendix
38 Workforce
54 About This Report
39 Health and Safety 55 2021 Electric Generation by Major Station
40 Employee Well-Being 58 KPI Index
41 Talent Attraction, Development and Retention 65 GRI Index
44 Diversity, Equity and Inclusion 75 SASB Index01 Constellation 2022 Sustainability Report
A Message
From Our CEO
After completing our separation from Exelon in February 2022, we launched the new Constellation with a singular strategy:
to lead the fight against the climate crisis and air pollution and drive America’s transition to a reliable, resi
Keyword: governance
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix02 Constellation 2022 Sustainability Report
At the core of our strategy is a belief that our nuclear plants can do more than just provide clean energy to the grid 24 hours
a day, 7 days a week, 365 days a year. We envision them operating as clean energy centers that enable new and emerging
technologies and products to decarbonize parts of the U.S. economy that, up until now, have defied easy solutions and also
allow us to make beneficial use of excess clean energy on the grid. We are currently pursuing multiple technologies at our
nuclear plants, including:
Carbon-Free Hydrogen
While Constellation is already the nation’s largest producer of clean electricity, we’re also leveraging our emissions-free fleet
to help decarbonize other
Keyword: governance
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix03 Constellation 2022 Sustainability Report
Our commitment to DEI extends to our corporate giving and our inclusive leadership model. More than 84 percent of
Constellation’s giving went to organizations and programs that target diverse and underrepresented populations. A key focus
is on workforce development and promoting science, technology, engineering and math (STEM) education, especially among
women and minorities. We will maintain our focus on creating economic opportunities while ensuring that the benefits of our
transition to clean energy are shared equitably. In addition, our senior leaders have DEI performance goals, and we offer DEI
training to all employees. Among our priorities as a new company was to establish a DEI Ce
Keyword: governance
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix04 Constellation 2022 Sustainability Report
About
Constellation
2021 By The Numbers
Our Business
Our Sustainable Business Strategy
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix05 Constellation 2022 Sustainability Report
2021 by the Numbers[1]
#1 $93 million
producer of clean energy[2] in the U.S. in state payroll taxes paid in local communities
Generates 10% ~215 TWh
of the nation’s clean electricity of power served to Commercial customers[3]
32,400 MW
of capacity consisting of nuclear, wind, solar, hydroelectric power and natural gas
Serves 48 states 94.5%
and the District of Columbia capacity factor at nuclear plants[4]
$19.64 billion ~11,700
in operating revenues (expected to be a Fortune 200 co
Keyword: governance
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix06 Constellation 2022 Sustainability Report
Our Business
Constellation Energy Corporation (Constellation, or the On February 24, 2021, Exelon announced plans to separate
Company) (NASDAQ: CEG) is the nation’s largest producer its competitive power generation and commercial businesses
of clean energy and provider of sustainable solutions. Our from its regulated utility business into a publicly traded
skilled workforce of approximately 11,700 employees, as company with the financial and strategic independence to
of December 2021, supplies 10 percent of the U.S. grid’s focus on its core business and customers. The separation
carbon-free clean power. We are proud of our role in was completed in the first quarter of 2022, forming
accele
Keyword: governance
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix07 Constellation 2022 Sustainability Report
Purpose and Values
At Constellation, we provide clean energy and services to help meet national climate goals and decarbonize the electric
grid. Our values drive our people to function as a team and work towards our common cause, accelerating the transition to
a carbon-free future for the benefit of our customers, communities and shareholders.
OUR PURPOSE
Accelerating the
Transition to a
Carbon-Free Future.
Our Values: What We Stand For
It's about trust. Our customers rely on us to be up and running 24/7/365 days a year. Solving
Safety and Operational Excellence problems. Keeping promises. Putting safety first. Operational excellence is a matter of pride and
is at the core of everything w
Keyword: governance
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix08 Constellation 2022 Sustainability Report
Our Sustainable Business Strategy
As the leading clean-energy producer in the U.S., we build on strong, established foundations to deliver genuine value to our
customers, communities and shareholders. Our industry-leading operational performance sets us apart, with more than 20
years of best-in-industry nuclear capacity factors and a strong customer-facing business, resulting in approximately 75 percent
of Fortune 100 companies entrusting Constellation to supply their power.
Our sustainable business strategy builds on four strategic principles; powering America's clean energy future, expanding
America’s largest fleet of Clean Energy Centers, uplifting and strengthening our communities and
Keyword: governance
governance (ESG) initiatives and investing in clean energy solutions. As our CEO Joe Dominguez said, “at Constellation, ESG is
both the commitment and the strategy.”[1] Our ESG principles are core to our purpose and business strategy of supporting the
transition to a carbon-free future, and we believe these attributes make us the premier ESG company in the power sector. As the
business case for climate action and strong ESG investment builds momentum, we will continue to partner with businesses and
governments committed to setting ambitious carbon-reduction goals and seeking long-term solutions to the climate crisis. Our
disciplined capital allocation strategy supports a strong investment grade balance sheet. Constellation’s growth investment is
cons
Keyword: governance
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix09 Constellation 2022 Sustainability Report
We believe our generation fleet is uniquely positioned to
support reaching clean-energy targets at the state and
national levels. Our world-class nuclear operations are a
cornerstone in the response to the climate crisis, and these
assets are durable with the potential to operate well into the
2050s and 2060s and potentially beyond. The U.S. DOE calls
nuclear power “the most reliable energy source in America”
with a capacity factor of nearly 92 percent. That makes
nuclear energy 1.5 to 2 times more reliable than natural gas
(54 percent) and coal (49 percent) plants, and roughly 2.5
to 3.5 times more reliable than wind (34 percent) and solar
(25 percent) plants.[1] Our commercial and indus
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CEO Letter About Clean Energy Environment Society Workforce Governance Appendix10 Constellation 2022 Sustainability Report
Reducing Emissions
Constellation is a leader in generating carbon-free energy and offering sustainable solutions to our customers. We are
committed to accelerating the transition to a carbon-free future and connecting customers to the resilient supply of clean
energy. Our commitments start with continuing to expand the capabilities of our clean energy generation and reducing our
emissions. We will continue to reduce our operational emissions to advance our sustainability goals and support a cleaner,
healthier environment in our communities and around the world.
Constellation's Climate Goals
Clean Electricity Supply
We commit that our owned electricity generation will be 95 percent clean b
Keyword: governance
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix11 Constellation 2022 Sustainability Report
ESG Principles and Stakeholder Engagement
Our ESG principles are core to our business strategy of supporting the transition to a carbon-free future. To succeed,
we must lead in the following critical focus areas. For more information on each of our principles, please visit our website.
Providing
Carbon-Free
Energy and
Climate Mitigation
Strong Corporate
Governance and C&I Customer
Risk Management Transformation
Constellation′s
ESG Principles
Commitment to
Diversity, Equity Innovation
and Inclusion and Technology
Enablement
Equity and
Carbon-Free
Community
Policy Advocacy
Empowerment
Our evolving understanding of the emerging ESG trends affecting our business stems from consistent and ongo
Keyword: governance
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix12 Constellation 2022 Sustainability Report
OUR STAKEHOLDERS ENGAGEMENT METHODS
• Community Members • Investors • Board Memberships • Investor Calls
• Customers • Media • Community and • Policy Advocacy
NGO Meetings
• Employees • Non-Governmental • Newsletters
Organizations (NGOs) • Company Publications
• Governments • Our Website
• Suppliers • Customer Service Calls
• Industry Groups • Social Media
• Employee and
Customer Surveys
External Initiatives and Membership of Associations
Our relationships with external organizations and initiatives are essential for advancing the adoption of clean energy technology
and expanding the development of innovative research. In October 2021, Constellation joined the United Nations Global
Compac
Keyword: governance
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix13 Constellation 2022 Sustainability Report
Priority Sustainable Development Goals
We continue to align our business with global sustainability initiatives, in particular, the UN Sustainable Development Goals
(SDGs). Constellation’s business and sustainability activities indirectly address nearly all 17 goals; however, we focus on five
priority SDGs that most directly align with our business strategy. To understand the primary actions that Constellation is taking
to progress the achievement of the SDGs and where you can find additional information in this report, please refer to the
tables below.
Strategic Principle: Power America’s Clean Energy Future
UN SDG Overview of Strategic Principle Goals and Initiatives Report Sections
Goa
Keyword: governance
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix14 Constellation 2022 Sustainability Report
Strategic Principle: Provide Energy and Sustainability Solutions for Customers
UN SDG Overview of Strategic Principle Goals and Initiatives Report Sections
Goals
• Provide 100% of our C&I
customers with customer-specific
information on their carbon impact
for facilities contracting for power
Advocate for Climate and and gas supply from Constellation
Goal 11: Sustainable Clean Energy Policies that (including mitigation opportunities
Cities and Communities Address the Climate Crisis that include 24/7 clean electric
Make cities and human Constellation’s business is subject use) by the end of 2022.
settlements inclusive, safe, to a wide range of government laws • Increase clean power
resilien
Keyword: governance
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix15 Constellation 2022 Sustainability Report
Strategic Principle: Expand America’s Largest Fleet of Clean Energy Centers
UN SDG Overview of Strategic Principle Goals and Initiatives Report Sections
Goals
• Facilitate the future technologies
and business models needed to
Goal 9: Industry, drive the clean energy economy
Innovation Invest in New and and improve community health
and Infrastructure Innovative Solutions and welfare.
Build resilient infrastructure, Partnerships with our customers,
promote inclusive and suppliers, universities, governments, Initiatives
sustainable industrialization national labs and startups are essential • Operating our nuclear sites as
and foster innovation. to enable the clean energy future. clean energy
Keyword: governance
CEO Letter About Clean Energy Environment Society Workforce Governance Appendix16 Constellation 2022 Sustainability Report
Strategic Principle: Uplift and Strengthen Our Communities
UN SDG Overview of Strategic Principle Goals and Initiatives Report Sections
Goals
Uplift Communities
• Improve lives through impactful
Through Energy Equity
philanthropy and volunteerism.
Our success is inextricably linked
with the success of the communities • Expand and grow supplier diversity.
we serve. Constellation recognizes
that racism and systemic inequities • Create a workplace that fosters
Goal 10: Reduced
have positioned some communities community, mutual respect and
Inequities
to be disproportionately impacted the empowerment of employees
Reduce inequality within by pollution and the climate crisis. to be their authent