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Sustainability Report

 

A Message from Pedro J. Pizarro, President and Chief Executive Officer

The countdown to 2045 is on, and Edison International is leading the charge toward a carbon-neutral California and beyond. A future of greater electrification is one of exceptional opportunity — with good jobs and a cleaner, reliable and resilient grid powering our communities. As electricity demand increases, we’re committed to customer affordability.

READ THE FULL LETTER

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2023 At A Glance

Sustainability is at the core of our vision to lead the transformation of the electric power industry toward a clean energy future. Edison International is helping create a world where homes and businesses, cars, trucks and mass transit are powered by carbon-free electricity and customers benefit from reduced energy costs. Our principal subsidiary, Southern California Edison (SCE), is a leader in California’s efforts to reduce the greenhouse gas (GHG) emissions that contribute to climate change, while also focusing on the grid investments needed for a more resilient, equitable clean energy economy. Our competitive business, Trio, partners with leading corporate, industrial and institutional clients around the globe to help them deliver on their strategic, financial, energy and sustainability goals.

Leading the Clean Energy Transition

Rapid electrification is society’s most important tool to achieve net-zero GHG emissions — for our company, the state of California and beyond. Our strategy to lead the clean energy transition provides a roadmap for others to follow; it is risk-informed, based on climate modeling and expert analysis, and aligned with science and national and global commitments like the Paris Agreement.






Countdown to 2045 outlines the bold steps necessary to achieve the accelerated pace at which electrification, clean generation and investments in transmission and distribution must advance to realize California’s climate goals.

SCE contracted approximately 2,200 MW of energy storage, bringing the total to approximately 7,200 MW owned or under contract — one of the largest portfolios in the nation.

Delivered 52% carbon-free power in terms of retail sales to SCE customers, 55% cleaner than the national average GHG intensity.

Trio advised on 1,300+ MW of renewable energy power purchase agreements, bringing the total to nearly 12,000 MW.

Diversity, Equity & Inclusion

Our comprehensive DEI strategy guides our efforts to build an inclusive workplace that encourages innovation, teamwork and continuous improvement that is critical to our shift toward a clean energy future. SCE has also made its consolidated EEO-1 report publicly available.

$1M, four-year Lineworker Scholarship Program, focused on underrepresented talent, graduated its second cohort.

Spent ~$2.3B with diverse suppliers at SCE, representing 38.3% of SCE’s total procurement spend.

Executed organizational unit plans across Edison International and SCE to further integrate diversity, equity and inclusion into business.

Operational Excellence

SCE supported customers, employees, and other stakeholders through its focus on safely providing reliable, affordable and clean power.

Met or exceeded nearly all Wildfire Mitigation Plan targets at SCE and reduced probability of loss from catastrophic wildfires linked to SCE equipment by 85%–88% since 2018.

SCE produced operational and maintenance savings for its customers: $160M annually for Wildfire Self-Insurance Program, $55M cumulatively over general rate case (GRC) cycle by transforming the inspection process and $50M cumulatively over the GRC cycle by improving purchasing.

1,100+ MW of demand response program peak load reduction at SCE to help prevent rotating outages during times of grid stress and/or high energy prices.

Progress on Sustainability Goals

Edison International’s sustainability goals reflect long-term commitments we have made related to our material ESG topics, such as:

  • Clean Energy Transition
  • Electrification
  • Diversity, Equity and Inclusion
  • Public Safety
  • Workforce Health and Safety

In 2021, Edison International extended our sustainability goals to include net-zero GHG emissions across Scopes 1, 2, and 3 by 2045.

2023 SUSTAINABILITY GOALS SUMMARY

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