ALLETE Highlights Sustainability in Action in Enhanced Sustainability Report
The enhanced 2020 report includes both a narrative and supporting metrics compiled in accordance with industry guidance on climate-related financial disclosures and sustainability accounting standards. The “2020 Corporate Sustainability Report: People. Planet. Prosperity” makes it easier for investors and other interested individuals and entities to review the progress, accomplishments, opportunities and goals of
“ALLETE is putting sustainability into action while honoring our commitment to the climate, our customers and the communities we serve,” said
Actions the company takes beyond reaching important environmental and climate goals also are critically important to how
“Our view of sustainability includes supporting our customers and local communities to foster a healthy, equitable society,” Owen said. “Building strong communities goes hand-in-hand with caring for the environment. People, planet, and prosperity are part of who we are and what we do every day. This report highlights that view, a perspective that includes reducing our carbon profile, extensive community involvement, significant corporate giving and advocacy for the region, and a commitment to advance diversity, equity and inclusion.”
Highlights from ALLETE’s sustainability report:
Relative to its size,
ALLETEis the second largest utility investor in renewable energy in the nation.
Minnesota Powerhas moved more quickly than any other Minnesotautility to add renewable energy. Minnesota Powerbegan delivering 50% renewable energy to customers in late 2020, and a month later announced its vision to deliver 100% carbon-free energy by 2050. SWL&P receives its energy from Minnesota Powerand shares in these carbon-reduction and climate goals.
ALLETE Clean Energy, ALLETE’s fastest-growing company, added two new wind projects in 2020 to increase its wind facility portfolio to more than 1,000 megawatts across seven states, and it has another 300-megawatt wind site under construction.
- Minnesota Power’s total carbon emissions are projected to decrease by more than 50% from 2005 to 2021. Other emissions, SO2, NOx, and mercury, also have been substantially reduced.
- ALLETE’s safety strategy has a sharpened focus on culture, systems, and awareness.
Corporate giving totaled more than
$850,000in 2020, providing significant benefits to the communities we serve.
More than 40% of
ALLETEexecutive officers and over half of the ALLETEboard of directors are women. Recently, Moody’s Investors Service identified ALLETEas having the most gender diverse board among 45 utility companies it examined for a report on board gender diversity at publicly traded North American utilities.
ALLETEis working to expand and partner with diverse suppliers including minority-owned, women-owned, veteran-owned, LGBT-owned, small economically disadvantaged businesses, HUBZone businesses, and disability-owned businesses so that our suppliers reflect the diversity of the communities we serve.
ALLETE’s corporate sustainability report was compiled in accordance with the recommendations of the
The statements contained in this release and statements that