ESG Investing & Innovative Financing Models Including Green Bonds Beyond The Meter

Environmental, Social, and Governance factors (ESG's) refer to a set of standards that socially conscious investors use to screen potential investments. ESG's are increasing in importance and many companies are looking to ESGs to guide sustainability decisions and to prove their sustainability commitment to customers and stakeholders.
 Join us for this episode as Cari Boyce, Katherine Neebe, and Doug Esamann join host John Failla to discuss the steps Duke Energy has taken in the adoption and implementation of ESGs in moving toward its sustainability goals.
You will want to hear this episode if you are interested in... Introducing this episode’s guests and their experience with renewable energy [2:01] Why Katherine chose to move from Walmart to join Duke Energy [5:30] What is ESG investing and why is it of such importance these days? [10:01] Duke’s 20-year history in sustainability planning and its current goals [18:20] To what degree are ESG goals a business imperative for energy companies? [29:39] The role energy storage and emerging tech will play in Duke’s ESG picture [42:16] Collaboration is key in the energy transition [50:01] The role of investment in moving forward in a greener, cleaner way [53:13] A closer look at the role of ESG in corporate responsibility ESG refers to how a company performs in these three key areas:
Environmental criteria: how does the company perform in terms of its ecological and environmental responsibility to the community?
Social criteria: how does the company manage relationships with employees, suppliers, customers, and the communities where it operates?
Governance: how does a company’s leadership, executive pay, audits, internal controls, and shareholder rights operate?
Companies that navigate trends in the ESG space tend to outperform companies that ignore those trends. For that reason, ESG's should be a core consideration to a company’s strategy and fundamental to the way the company does business.
Sustainability has been a core value at Duke Energy for 20 years Duke Energy, being a major electricity provider, sees itself as a major contributor to the well-being and fulfillment of the people who live in the communities it serves. As a result, the team at Duke has learned to listen to stakeholders, customers, and investors to know what’s important to everyone. The company also pays close attention to the environmental needs and impact of any projects it is involved with.
When it comes to ESG goals, Duke’s emphasis tends to be more on environmental aspects since it is a company that impacts the environment directly by virtue of what it supplies. But the social and governance aspects are just as important. The challenges are many; among them are the pressures to “green” their energy supply while doing it in ways that are affordable for customers. The Duke team is committed to continuing the search for the right balance and proper perspective to make it possible to do both.
It’s imperative for companies like Duke to focus on ESG goals As the demand for ESG consideration increases from investors and customers alike, Duke Energy is proving themselves to be a leader in the field. Emerging energy technologies like solar and wind are options customers want to have as energy options, and Duke is providing them.
As proof of its commitment in these areas, to-date, Duke has retired more coal-based power plants than any other industry player and by 2030 Duke will no longer be producing energy via coal within the Carolinas. In Indiana (which is considered “coal country”) it will only be 10 to 15 years before coal-based energy production is no more for Duke. As a result of these commitments, the carbon intensity Duke is serving to its customers is some of the lowest in the country.
Though many who are driving the renewable energy transition want Duke and other energy suppliers to make this transition more quickly, it’s an issue where goals have to be pursued