| www.pgecorp.com |
|
| Share Price (3/15/07): | $46.50 |
| OVERVIEW: | |
| Market Value (3/15/07): | $16.3 Bil |
| Revenue (2006): | $12.5 BIL |
| Employees: | 20,400 |
| Return on Equity 2006: | 13.2% |
| HIP PRACTICES: | |
| Vision: | "Energy Grid of the Future" intends to include alternative fuels, renewables, hydrogen distribution, plug-in hybrid vehicles, and mobile generation. Targeting 20% renewable energy by 2010. |
| Metrics: | Integrated scorecard of 10 metrics methodically tracked, including customer satisfaction, employee feedback, environmental and traditional financials. Draw on 38 broad-based indicators company-wide. |
| Financials: | Revenue collected decoupled from energy production in 1982, and helped to set stage for nation's best energy efficiency for past 25 years, avoiding construction of 25 new power plants. Largest natural-gas fleet of utilities in North America drops both costs and carbon. Call center answers customers in 14 languages to accommodate wide diversity of ethnicities so that firm can "look, act, think, and talk like our communities," boosting satisfaction. |
| Accountability: | As fiduciary of shareholders, see climate change science as compelling and to prepare for carbon-free future. Expect GHG emissions to be regulated, so gearing up for that day. Corporate and utility CEOs see impact driving overall health of the business. |
| Decision-Making: | Utility-industry tradition of sharing intellectual property and best practices openly across the country. Environmental stewardship is "absolute core competency" and integrated into all roles across the company, including field staff managing lines and poles, helping create sustainable practices. |
| HIP OUTCOMES: | |
| Health: |
Lost workday reduction program reduced lost workdays in 2005 by 30% compared with 2004. Since 2001, lost workdays down 52%. |
| Wealth: |
Over past 3 decades, customers have saved 118M MWhrs of electricity and reduced their energy bills by $9.9Bn through energy efficiency programs. Through Self-Generation Incentive Program helped 122 large customers identify and implement clean and/or renewable distributed generation projects in 2005, totaling 26 MW -- and received $61 million in cash rebates |
| Earth: |
Serves 5% of the country's population, but emits less than 1% of the total carbon dioxide (CO2) emissions associated with the national electricity production About 55% of electricity delivered emits no carbon, of which 24% is nuclear, large hydro is 20%, renewables are 12% (including wind, geothermal, biomass, and small hydro). Over the past three decades, energy efficiency programs have prevented over 61 million tons of carbon from being emitted into the atmosphere -- helping prevent California from building 25 new power plants. San Francisco headquarters recycled more than 65% of the overall waste stream in 2005 -- compared to a statewide average rate of 48%. |
| Equality: |
Women comprise 31% of workforce, compared with industry average of 25%. Women comprised 27 % of management, 35 %of professionals and 15 % of technicians. In 2007 the executive team has 1 woman and 9 men. Minorities comprised 35 percent of the workforce in 2005, compared with industry average of 25%. Minorities comprised 25% of management, 38% of professionals and 32% of technicians. |
| WHAT'S NEXT: | |
| Practices: | In addition to renewables, testing nuclear's long term environmental impact will affect the energy mix. Commitment to even larger hybrid fleet. |
| Outcomes: | Energy efficiency and carbon neutrality showcase how impact drives both profit and supports eco-effiicient economic growth. |
| OTHER RATINGS: | |
| KLD: Companies are rated from negative (0) to positive (6) in seven areas. | Community: 1.1 Governance: 4.0 Diversity: 5.4 Employees: 4.8 Environment: 1.9 Human Rights: 3.4 Product: 1.2 Included in KLD Indices for: Domini 400, Global Climate 100, Broad Market Social Index, Large Cap Social Index |
| Calvert Rating: Companies are rated on a scale of 1 (substantially below Calvert standards) to 5 (superior). | Not in top 100. |
| RESOURCES: | |
| Sustainability or CSR Report: | PG&E Corporate Responsibility Report |
| Annual Report: | Financial Reports |
--Alex C. Pasquariello and Sara Olsen
