Praxis Mutual Funds recently joined investor partners and met with Duke Energy to discuss the company’s latest progress on climate change and its strategic goal of powering a cleaner future.
We received updates and had conversation with Duke on the following issue areas:
- Just Transition – Duke’s comprehensive plan to consider and address the effect on workers, local communities, and stakeholders as the company retires and brings on new energy assets. We appreciate the publication of Just Transition metrics and periodic updates to better understand and track progress over time.
- Emission reduction targets – Setting greenhouse gas (GHG) emissions reduction targets that are grounded in the relevant science, aligned with global pollution goals, and are actionable in terms of considering company opportunities, constraints and risks.
- Electricity demand growth – The effect that new projections of near-term load growth mean for Duke’s capital expenditures and integrated resource plan, as well as the effect on renewable energy asset buildout.
Our dialogue with Duke Energy is part of our engagement with power companies on the transition to a low carbon economy, responding to God’s call to care for the world entrusted to us. We pursue win-win-win scenarios between the companies, employees, and ratepayers – with scenarios that benefit shareholders as well. These engagements provide a forum for frank discussions of goals and opportunities, as well as challenges and obstacles.