Exelon’s business strategy reflects the fundamental principle that a clean, reliable and affordable energy portfolio is both good public policy and good business. Exelon 2020: a low-carbon roadmap, confirms this underlying, organizing principle. As Exelon 2020 evolves, it is truly our roadmap for capitalizing on our uniquely constituted generation fleet, guiding our investment decisions to deliver value, and framing our public policy advocacy as the markets, customers, communities and investors we serve engage in our nation’s transition to clean energy.
The initial and continuing goal of Exelon 2020 is to reduce, offset or displace 15.7 million metric tons of CO2 emissions per year by the year 2020. This is equivalent to our company’s emissions in 2001, the first full year of our operation.
Three years in, we are 57% towards our goal, having reduced our own greenhouse gas (GHG) emissions by 6.3 million metric tons, enabled our customers to reduce their own footprint by over 2 million metric tons, and displaced over 500,000 metric tons by expanding our own low-carbon generation fleet.
Our progress towards this goal continues, and we are confident we will achieve it ahead of schedule. For extensive background on the economics behind and progress of Exelon 2020: a low-carbon roadmap, read our 2010 update.