![ESG Governance](../../files/CE23_Header_Governance.jpg)
ESG Governance
ESG Governance
![](../../files/CE23_Intro_ESG-Gov.jpg)
Overview
Experience has taught us that the combination of a solid financial foundation, operational excellence, the highest ethical standards, and the utmost regard for our employees and the people and communities we serve are the bedrock qualities of a successful company.
Download ReportESG Governance
With that in mind, Con Edison’s Board of Directors has committees that oversee various aspects of the Company’s operations. Currently, the Board of Directors has six standing committees:
(i) the Audit Committee,
(ii) the Corporate Governance and Nominating Committee,
(iii) the Executive Committee,
(iv) the Finance Committee,
(v) the Management Development and Compensation Committee, and
(vi) the Safety, Environment, Operations and Sustainability Committee (SEOS Committee).
Further information about each of which can be found here: Con Edison | Board of Directors
The primary responsibility of the SEOS Committee is to oversee our efforts relating to corporate responsibility and sustainability, which includes, but is not limited to, operating in a safe, environmentally sensitive and socially responsible manner, guarding the health and safety of company employees and the public, delivering value to customers, and fostering growth to meet the expectations of investors. The SEOS Committee, which meets at least four times a year, reviews at each of its meetings certain key performance indicators relating to climate risk, energy efficiency, dielectric fluid management, SF6 gas emissions, environmentally beneficial electrification and solar connections.
In 2023, the company’s Board of Directors also received presentations that covered climate-related issues such as the company’s clean energy goals and clean energy commitment, climate resilience framework, strategy for achieving a clean energy future, and renewables strategy.
At the management level, the company’s EH&S vice president, together with senior management, is responsible for developing strategic goals and programs for compliance and to support its commitment and continued work to achieve EH&S goals and operational excellence. As detailed in our Sustainability Strategy, the company’s SEOS, Management Development and Compensation, and Corporate Governance and Nominating Committees work to strengthen sustainability across all aspects of the Company.
Part of senior management’s commitment to safety, the environment, operational excellence, and sustainability includes independent oversight. The corporate Ombudsman’s Office, reporting directly to the company’s Chairman, provides employees with an independent office to which they may confidentially report suspected violations of our Standards of Business Conduct, including ethical, legal, sustainability or EH&S concerns.
Our environment, health, and safety quality review board (EH&S QRB) includes an outside consultant who is an independent attorney. The EH&S QRB reports directly to the company’s President. The role of the EH&S QRB is to review the company’s management of both regulatory and internal requirements and assess whether its implementation is consistent with its commitment to environmental excellence.
Public policy decisions can have significant implications for our customers, the energy systems we manage, and the future direction of our company. That’s why we participate in the political process, adhering to all the national, state, and local laws and regulations. Our engagement in the political process is grounded in and guided by our commitment to our Standards of Business Conduct.
For further details visit: Con Edison | Political Engagement
Download Report