For years, Evergy subsidiaries Westar, Kansas City Power & Light Company (KCP&L), and KCP&L Greater Missouri Operations Company (GMO) have been transitioning to diversify our electricity generation to reduce emissions, increase renewables, and provide energy efficiency options all in a responsible fashion. Our planning considers different kinds of electric generation and non-generation including energy efficiency and plant retirements. It takes into consideration factors that affect our decisions, including costs, risks, fuel diversity, customer preferences and economic development opportunities. Together as Evergy that same focus will continue on an even larger scale.
The following Westar, KCP&L and GMO reports based on Edison Electric Institutes’ (EEI) Environmental, Social, and Governance (ESG) Metrics and Sustainability Report are provided in response to the desire of investors and other stakeholders for environmental, social, and governance sustainability information that is consistent across the electric sector in terms of accessibility, content, timing, and presentation. Evergy companies and other companies that participate in voluntarily providing this sustainability information in this format share a common goal to provide investors with relevant information that:
- Allows integration of sustainability data and performance.
- Provides clarity of risks, opportunities and how they are being managed.
- Provides insight into growth strategy, assumptions, and future trajectory.
- Provides both qualitative and quantitative information.
- Serves as a primary reporting channel for consolidated sustainability information relevant to investors and other stakeholders.
EEI ESG Metrics
Edison Electric Institute (EEI) has created a voluntary environmental, social, governance (ESG or Sustainability) template for sharing company sustainability related data. EEI worked with various groups to develop what data should be included, where numbers could be found, and specified how the numbers should be calculated.
This data is meant to supplement and/or aggregate publicly reported data into one convenient location for shareholders and investors. Using this document Evergy companies have compiled generation portfolio data, air emissions data including CO2, safety metrics, and Board of Directors statistics.
The data provided is the ownership share, combined with the power purchase agreements. It is anticipated this template will be annually updated in the third quarter.
To complement the ESG data document, we have prepared a Sustainability Report to further share our plans and progress towards our sustainable transition. Our Sustainability Report highlights green initiatives, demonstrates our commitment to natural resources and our employees, and provides transparency into our corporate governance.
Westar Energy Green Bond
In June 2016, Westar issued $350 million of green bonds. Green bonds are an emerging investment tool that tie the proceeds of a bond issuance to an environmentally-friendly project. The inaugural green bond issuance demonstrates Westar Energy’s commitment to further developing a full portfolio of renewable energy resources. Please read more about the green bond and its investment use here.