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 responsible and effective business oversight and management is now more relevant than ever as businesses are confronted with the intersecting challenges of the pandemic, climate change, racial injustice and rising inequality.

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

Below, we’ll introduce you to NYPA and Canals’ Sustainability Plan and our 2020 Sustainability Report.

The 2021-2025 Sustainability Plan serves as a roadmap to help bring our ESG ambition to life over the next five years. The plan outlines the ESG goals, strategies and initiatives that we are committed to across each of our 15 material ESG focus areas, that align with and support VISION2030 objectives. The Sustainability Plan is an integrated, crossfunctional and collaborative living document that will be revisited and refreshed as our sustainability journey evolves, our targets are achieved and our ambitions grow.

The 2020 Sustainability Report—our first—details our ESG performance and progress toward achieving the goals, strategies and targets outlined in our 2021-2025 Sustainability Plan. This report is a key element of the ESG foundational pillar of our VISION2030 strategic plan. It has been designed to respond to our stakeholders’ present and future 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 provides 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 have the ambition to become one of the first U.S. utilities to issue an integrated report for the 2022 reporting cycle.

Planning for a Better Future