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Sustainability Report

 

A Message from Pedro J. Pizarro, President and CEO

We are proud to accelerate progress toward an affordable clean energy future while meeting the needs of customers today. A future of greater electrification offers good jobs, cleaner air and healthier communities. With the dangers of climate change relentlessly accelerating, the need for continued economywide action driving the clean energy transition has never been greater.

READ THE FULL LETTER
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2024 At A Glance

Sustainability is at the core of our vision to lead the transformation of the electric power industry toward a resilient and affordable 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, customers benefit from reduced energy costs and communities are resilient to climate impacts through strategic adaptation measures.

Our principal subsidiary, Southern California Edison, 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 to secure a safer, more resilient clean energy economy for all customers. 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 An Affordable 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; it is risk-informed, based on climate modeling and expert analysis, and aligned with science and national and global commitments like the Paris Agreement.

Reaching Net Zero details Edison International’s plan to reach net zero and support California’s climate goals, building on previous analysis. It identifies risks and opportunities for California’s electric sector transformation through robust scenario analysis and outlines our ongoing actions to ensure a safe, reliable and affordable clean energy transition.

SCE delivered 49% carbon-free power in terms of retail sales to customers, 67% cleaner than the national average GHG intensity among utilities.*

* U.S. national average available through the U.S. Environmental Protection Agency’s (EPA) Emissions and Generation Resource Integrated Database for data year 2023 is 775.22 lbs. carbon dioxide equivalent per megawatt hour (CO2e/MWh) or 0.35 metric tons CO2e/MWh.

SCE contracted 1,600+ MW of energy storage, bringing the total to ~8,700 MW owned or under contract — one of the largest portfolios in the nation.

Trio advised on 920 MW of renewable energy power purchase agreements, bringing the total to over 12,600 MW.

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WORKFORCE DEVELOPMENT & INCLUSION

Edison International believes a merit-based work environment that includes people with diverse skills, experiences and perspectives is an important driver of our success.

A total of 12 Business Resource Groups, which are open to all employees, achieved goals focused on talent attraction, safety, sustainability, professional growth, and workforce development and inclusion.

Employees, family and friends dedicated 51,000+ hours to volunteering — a $1.7M value.

Operational Excellence

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

SCE met or exceeded nearly all Wildfire Mitigation Plan targets and completed 88% of its grid hardening plan on distribution lines in high fire risk areas, including installing 800+ circuit miles of covered conductor (totaling ~6,400 circuit miles) and inspecting 1.6 million trees.

SCE enrolled 1.35M customers in the California Alternate Rates for Energy (CARE) program worth $856M in subsidies and provided appliances to over 47,000 customers through the Energy Assistance Savings Program, equating to 20.5 kWh saved.

SCE enabled ~1,000 MW of demand response program peak load reduction 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:

  • Public Safety
  • Workforce Safety & Health
  • Clean Energy Transition
  • Electrification
  • Net-Zero Commitment
  • Workforce Development & Inclusion

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

2024 SUSTAINABILITY GOALS SUMMARY
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