FirstEnergy Named to DiversityInc 2021 Top Utilities, ESG and Philanthropy Lists
May 21, 2021
For the third consecutive year, FirstEnergy Corp. (NYSE: FE) has been recognized by DiversityInc as one of the top utilities in the nation for its workforce diversity and inclusion initiatives. The company was also included on DiversityInc’s Environmental, Social and Governance (ESG) and Philanthropy lists for the first time.
“Being named to three of DiversityInc’s lists this year shows that we are living our core value of Diversity and Inclusion and making an impact both in the workplace and in our communities,” said Christine L. Walker, FirstEnergy’s senior vice president and chief human resources officer. “We continue to build a diverse, high-performing and innovative workforce that better reflects the diversity of the customers we serve, helping us to achieve our mission of making customers’ lives brighter, the environment better and our communities stronger.”
Each year, DiversityInc evaluates companies based on survey responses that detail the makeup of their workforce, talent programs, leadership accountability, workplace practices, philanthropy and supplier diversity. An overall Top 50 list is developed from the survey data, and subsets of the same data are used to determine several specialty lists.
To determine its ESG list, DiversityInc considers factors such as human capital metrics, talent and workplace programs and practices, corporate social responsibility, supplier diversity programs and spend, and leadership and governance practices. Included in FirstEnergy’s Strategic Plan is a commitment to achieving 20% of its supply chain spend with diverse suppliers by 2025 through an expanded Supplier Diversity Program. Additionally, the company has set a goal to increase the number of employees from underrepresented racial and ethnic groups, both overall and at the supervisor-and-above leadership level, by 30% by 2025 through an enhanced recruiting strategy and hiring processes.
More information on FirstEnergy’s ESG efforts, including steps the company is taking to foster economic development and community support to meet the distinct needs of the diverse populations in its service area, improve the environmental impact of its operations, increase transparency with stakeholders and drive accountability throughout the company, is available at www.fecorporateresponsibility.com.
From a philanthropy perspective, approximately 15% of FirstEnergy’s annual giving through its corporate and foundation programs is to support diverse and inclusive organizations, based on 2020 contributions. The FirstEnergy Foundation extends the company’s corporate philosophy of providing community support, including championing organizations and initiatives that serve diverse populations, advance social justice and promote an inclusive and sustainable future. Last summer, the FirstEnergy Foundation launched “Investing with Purpose,” an initiative focused on supporting nonprofit organizations that advance health and safety, workforce development, educational and social justice initiatives.
The mission of DiversityInc is to bring education and clarity to the business benefits of diversity. The DiversityInc Top 50 Companies for Diversity list began in 2001, with more than 1,800 companies who submitted materials for consideration in the 2021 program. To view DiversityInc’s specialty lists as well as the Top 50 list, visit www.diversityinc.com/top50.
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company’s transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on Twitter @FirstEnergyCorp.
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Dividends declared from time to time on FirstEnergy Corp.’s common stock during any period may in the aggregate vary from prior periods due to circumstances considered by FirstEnergy Corp.’s Board of Directors at the time of the actual declarations. A security rating is not a recommendation to buy or hold securities and is subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating. These forward-looking statements are also qualified by, and should be read together with, the risk factors included in FirstEnergy Corp.’s filings with the SEC, including but not limited to the most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The foregoing review of factors also should not be construed as exhaustive. 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