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Duke Energy (NYSE: DUK) was once again named to Fortune magazine’s 2022 list of the World’s Most Admired Companies for the fifth year in a row. However, this was in recognition of the great progress the company has made against its strategic and financial goals. Among gas and electric utilities, Duke Energy ranked 8th place.

Lynn Good, Duke Energy chair, president and CEO announced, “We appreciate this recognition after a year in which we delivered exceptional value to customers and communities while providing attractive returns to investors.” He further said, “We’re making strides towards our net-zero carbon goal as we add to the more than 10,000 megawatts of renewables on our system, invest in the green-enabled grid and advocate for new technologies to help us get there.”

When determining the industry rankings, executives, directors and industry analysts are independently surveyed. The companies are rated on nine attributes, namely:

1) innovation

2) people management

3) use of corporate assets

4) social responsibility

5) quality of managemen

6) financial soundness

7) long-term investment

8) quality of products/services

9) global competitiveness

Recent company performance highlights

  • Delivering value to customers – Duke Energy’s 7.9 million electric customers continue to benefit from rates below the national average. This was also while receiving strong reliability.
  • Investing in renewable energy – Duke Energy now has more than 10,000 megawatts of solar and wind resources on its system. The company plans to reach 16,000 megawatts by 2025 on its way to 24,000 megawatts by 2030.
  • Combating climate change – Since 2005, Duke Energy has reduced its carbon emissions by greater than 40%. The company is on track to reduce its carbon emissions by at least 50% by 2030. Therefore, it attain its goal of net-zero carbon emissions by 2050.
  • Powering communities – In 2021, Duke Energy and the Duke Energy Foundation supported its communities with more than $44.5 million in charitable giving. In addition, the company’s employees and alumni volunteered more than 70,000 hours with nonprofits in local communities.

Duke Energy – A Perfect Score as an Inclusive Workplace… HRC 2022 corporate Equality Index

Duke Energy has received a perfect score for the fifth year in a row on the Human Rights Campaign’s (HRC) 2022 Corporate Equality Index. However, this is a national benchmarking study which annually ranks companies on LGBTQ-friendly (LGBT is an initialism that stands for lesbian, gay, bisexual, and transgender.) corporate practices and policies.

The company’s inclusion on the organization’s list of “Best Places to Work for LGBTQ Equality is a result of Duke Energy’s score of 100%.

The 2022 Corporate Equality Index rates employers based on criteria in five categories:

  1. non-discrimination policies
  2. benefits
  3. organizational competency and accountability around LGBTQ inclusion
  4. public commitment
  5. citizenship.

In the Charlotte region, Duke Energy is one of only five companies headquartered to achieve a perfect score.

According to Cameron McDonald, Duke Energy’s vice president and chief diversity and inclusion officer, they are guided by their vision of an inclusive environment where employees feel a sense of belonging. Moreover, they make sure to integrate diversity and inclusion into everything they do. He added furturmore, that they are honored to be recognized in this capacity.  

At Duke Energy, there are various policies and practices. Among these in place are:

  • anti-discrimination training
  • equal health coverage for transgender individuals
  • philanthropic giving to support the LGBTQ community
  • an employee resource group whose mission is to promote LGBTQ inclusion.

In addition to all this, Duke Energy has joined HRC’s Business Coalition for the Equality Act, a group of leading U.S. employers who support the Equality Act. Moreover, this federal legislation would provide the same basic protections to LGBTQ people as are provided to other protected groups under federal law.

Jorge Gonzalez, IT channel management coordinator and We Are One for LGBTQ Equality leader, Duke Energy, said “working at a company that leads through actions on the topic of diversity, equity and inclusion is important to me because it encourages me to bring my authentic self to work. Moreover, this allows me to build meaningful relationships with peers and our customers. However, I am proud to work for Duke Energy and thank our leaders for signing on to the Business Coalition for Equality.” 

The WeR1 for LGBTQ Equality employee resource group has nearly 500 members. Company’s senior leadership supports this.

Read here about the expansion of Duke energy’s solar portfolio to North Carolina: https://engineerinc.io/duke-energy-expands-its-solar-portfolio-in-north-carolina/

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