Updated: April 2023
With increasing levels of interest from investors,
customers, communities and employees, social issues such as environmental
justice, diversity, equity and inclusion, social justice, race relations and
public safety have risen to the forefront of the national discourse. As a
result, corporations are considering whether and how to best engage with
stakeholders to help address these important issues.
We have been integrating ESG practices into our core work
for almost 30 years. As a business strategy, we seek solutions that provide
shared value, meaning solutions that address societal and environmental
challenges in a way that also delivers business value. Our commitment extends
beyond implementing sustainability practices. We are dedicated to working with
our stakeholders to identify and address the sustainability issues that we are
uniquely positioned to impact through our business.
Board Oversight: The Human Resources Committee periodically reviews and
assesses our strategies and policies related to human capital management, such
as diversity, inclusion, pay equity, corporate culture, talent development and
retention. The Corporate Governance and Public Responsibility Committee reviews
significant ESG trends that may impact the Company, directly oversees climate
change related issues and the Company's strategies in response to those issues ensuring
oversight of relevant ESG issues; and making recommendations to the Board, as appropriate.
Human Capital: We seek to attract the best employees, to retain those
employees and to create a safe, inclusive and
productive work environment for all employees. We believe the strength of our
employees is one of the significant contributors to our success. Our human
capital objectives and metrics focus on safety first, together with career
development, diversity, equity and inclusion, succession planning, hiring,
voluntary turnover, compensation, benefits, employee experience and engagement.
Diversity, Equity and Inclusion: Diversity, equity and inclusion are core cultural principles
because we know that diversity of demographics, experience and cultural
perspectives are key drivers of success. While our Executive Diversity &
Inclusion Council leads this commitment, our focus extends to individual
business units within the organization that report on the diversity of their
teams during management review meetings to build awareness and address gaps of
workforce diversity.
Social Issues Framework: To help drive the conversation around social issues and to align the discussion to our APS Promise and Priority Sustainability Issues (PSIs), we launched a Social Issues Committee and process. The purpose is to provide a framework for considering emergent social issues and determining whether or how to best engage, based on a set of principles grounded in our APS Promise and PSIs.
Learn more about Customers, Employees, Communities, Safety, Supply Chain and Reliability and Grid Resiliency.