Alliant Vitality’s 2022 Company Duty Report

MADISON, Wis., July 20, 2022 (GLOBE NEWSWIRE) — As we speak, Alliant Vitality releases its 2022 Company Duty Report (CRR), which incorporates the corporate’s Local weather Report and descriptions its dedication to biodiversity. The CRR additionally highlights the corporate’s Environmental, Social and Governance (ESG) packages, which connect with Alliant Vitality’s function to serve prospects and construct stronger communities.

“Duty to our prospects and the communities we serve is on the coronary heart of all the things we do,” stated John Larsen, Alliant Vitality Chair, President and CEO. “That accountability extends effectively past vitality and guides our strategy to all our environmental, social and governance commitments. It additionally comes with the sturdy understanding that the choices we make impression the world round us.”

Alliant Vitality’s 2022 Company Duty Report highlights

Environmental:
Alliant Vitality’s Local weather Report supplies knowledge connecting the corporate’s Clear Vitality Blueprint and carbon dioxide discount targets to be in step with the United Nations’ Paris Settlement goal to restrict world common temperature rise. The report is predicated on the outcomes from a examine accomplished by the Electrical Energy Analysis Institute. Alliant Vitality will use the findings as a information whereas they proceed work towards their aspirational purpose of net-zero carbon dioxide emissions from the electrical energy the corporate generates by 2050.

The Company Duty Report additionally contains the corporate’s Biodiversity Dedication, which solidifies their longstanding custom of caring for the setting. Alliant Vitality’s biodiversity efforts embrace defending pure sources and wildlife, particularly these which might be threatened or endangered.

The One Million Bushes initiative Alliant Vitality introduced final July is a part of the Biodiversity Dedication. The intention to plant a million bushes by the top of 2030 has had a profitable begin. In its first yr, over 120,000 bushes have been planted in Iowa and Wisconsin. Because the bushes develop and mature, they are going to enhance water high quality, present wildlife habitats and naturally cut back greenhouse gases.

Alliant Vitality acknowledges that companies can even connect with the United Nations’ Sustainable Improvement Targets (SDGs). Inside the Company Duty Report, examples of the corporate’s actions are recognized as related to SDG 7: Reasonably priced and Clear Vitality, together with all different SDGs. The clear mapping and transparency supply prospects and stakeholders the chance to grasp how Alliant Vitality’s core values assist to efficiently obtain this worldwide imaginative and prescient.

Alliant Vitality’s dedication to advancing cleaner vitality is core to the corporate’s technique. Their Clear Vitality Blueprint serves as a roadmap to a considerate and cost-effective strategy to a cleaner vitality future. Collectively, these initiatives are positioning Alliant Vitality to realize their sustainability targets, which embrace eliminating all coal from their technology fleet by 2040 and aspiring to realize net-zero carbon dioxide emissions from the electrical energy they generate by 2050.

Social:
Alliant Vitality locations equal significance on thoughtfully addressing the social wants of the communities it proudly serves. Prior to now yr, their office range, fairness and inclusion initiatives have helped Alliant Vitality earn placement on a number of lists, together with Bloomberg’s Gender Equality Index, Company Equality Index and Newsweek’s Most Accountable Firms checklist. As well as, the corporate was included in Website Choice Journal’s checklist as a Prime Utility in Financial Improvement and Enterprise Amenities Journal’s checklist as a Prime Utility.

“Collectively we’re working to create a office the place folks really feel like they belong and might use their distinctive backgrounds, skills and views to their fullest potential,” stated Barbara Tormaschy, Senior Vice President of Sustainability and Regulatory Technique, Alliant Vitality. “Guided by our Take care of others worth, our social targets proceed to be a cornerstone of our firm’s focus.”

Demonstrating its dedication to caring for others, Alliant Vitality, staff, retirees and the firm’s charitable basis donate to and volunteer with organizations and communities throughout Iowa and Wisconsin. In 2021, the corporate contributed $11.5 million and volunteered over 75,000 hours. As well as, Alliant Vitality helps prospects and communities by way of Impression Grants, the Hometown Care Vitality Fund and packages that present important native help.

Governance:
To reveal its dedication to Governance, Alliant Vitality takes nice pleasure in showcasing their ongoing accountability and transparency – to prospects, the communities served, staff and shareholders. The corporate’s Company Scorecard is only one instance. It contains ESG metrics and milestones which might be linked to annual efficiency pay incentive packages and relevant to all staff, from particular person contributors all the way in which to the CEO.

“We encourage all of our staff to be lively in serving to us obtain our environmental and social targets,” stated Tormaschy. “Driving enhancements in our efficiency is extraordinarily vital and evident in our incentive packages, that are articulated from the very prime.”

Just lately, Alliant Vitality bolstered their dedication to advancing their clear vitality transition and concentrate on ESG packages by naming Barbara Tormaschy as senior vice chairman of sustainability and regulatory technique. Tormaschy is answerable for main the corporate’s sustainability, regulatory technique and options groups in addition to the corporate’s transition to wash vitality.

The Alliant Vitality Company Duty Report supplies intensive ESG efficiency knowledge and data aligned with voluntary sustainability frameworks, together with the United Nations’ Sustainable Improvement Targets, Taskforce for Local weather-related Monetary Disclosures and Sustainability Accounting Requirements Board. Entry to all of Alliant Vitality’s ESG knowledge and stories is offered at alliantenergy.com/esgdata.

Media Contact: Melissa McCarville, (319) 786-4169 | [email protected]
Investor Relations Contact: Zac Fields, (319) 786-8146 | [email protected]

About Alliant Vitality
Alliant Vitality Company (NASDAQ: LNT) supplies regulated vitality service to 985,000 electrical and 425,000 pure gasoline prospects throughout Iowa and Wisconsin. Alliant Vitality’s mission is to ship vitality options and distinctive service prospects and communities depend on – safely, effectively and responsibly. Interstate Energy and Mild Firm and Wisconsin Energy and Mild Firm are Alliant Vitality’s two public vitality firms. Alliant Vitality is a part of the Nasdaq CRD Sustainability Index, Bloomberg’s 2022 Gender-Equality Index, and the S&P 500. For extra data, go to alliantenergy.com and observe Alliant Vitality on LinkedIn, Fb, Instagram and Twitter.

This press launch contains forward-looking statements. These statements may be recognized as a result of they embrace phrases reminiscent of “plans,” “will,” “goal,” “targets,” or different phrases or expressions of comparable import. Equally, statements that describe future plans or methods, the tree planting initiative, our clear vitality imaginative and prescient, and future emissions reductions are forward-looking statements. These forward-looking statements are topic to dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed in, or implied by, the statements. Precise outcomes could possibly be materially affected by the next elements, amongst others: regulatory approvals; allow approvals; unanticipated development points, delays or expenditures; failure of apparatus and know-how to carry out as anticipated; unanticipated delays or different points in accessing and planting bushes; political situations in Alliant Vitality’s service territories; modifications to Alliant Vitality’s entry to capital markets; adversarial impacts ensuing from the COVID-19 pandemic and responses to the pandemic; and financial situations in Alliant Vitality’s service territory. These elements must be thought of when evaluating the forward-looking statements and undue reliance shouldn’t be positioned on such statements. The forward-looking statements included herein are made as of the date hereof and Alliant Vitality undertakes no obligation to replace publicly such statements to replicate subsequent occasions or circumstances.