Environmental, Social and Governance 

Sustainability encompasses the environmental, social and governance (ESG) performance of a company that contributes to long-term value creation. The ESG framework’s focus on transparency as well as responsible business management is now more relevant than ever as businesses are confronted with the climate crisis and other urgent ESG issues. 

Following established best practices, we have identified and prioritized 15 material ESG issues of greatest potential impact to NYPA and greatest significance to our stakeholders.

In 2020, we developed the 2021-2025 Sustainability Plan which aligns with and supports VISION2030 objectives and outlines ESG goals, strategies and initiatives that we are committed to across our material ESG focus areas. The Sustainability Plan is an integrated, cross-functional and collaborative living document that will be revisited and refreshed as our sustainability journey evolves, our targets are achieved and our ambitions grow.

The 2021 Sustainability Report—our second—details our ESG performance and progress toward achieving the goals outlined in our Sustainability Plan. This report is a key element of our ESG strategy and has been designed to respond to stakeholder expectations, communicate our ESG performance, and hold us accountable in leveraging sustainability for long-term value creation.

We believe in reporting our ESG progress and doubling down on our commitments. Annual reports provide the platform to transparently communicate and disclose our performance in alignment with leading ESG reporting and disclosure frameworks and standards. To reinforce our commitment to sustainability performance, disclosure and reporting, we plan to issue our first integrated report for the 2022 reporting cycle in 2023.