Consolidated Edison Inc.
ED.US | Electric power generation, transmission and distribution
Consolidated Edison, Inc. is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), Con Edison Clean Energy Businesses, Inc. (CEB), and Con Edison Transmission, Inc. (CET). CEC...Show More
Better Health for All
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The company demonstrates revolutionary investment in health improvement, with over 54% of planned investments advancing clean energy and climate resilience efforts
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, including $2.6 billion in electric infrastructure in 2024
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and significant R&D into emission reduction technologies. This contributes to transformative community health improvements, evidenced by a 70% reduction in NOx, 99% in SO2 since 2005
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, and over 98% reduction in SF6 since 1996
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, avoiding 4.4 billion liters of fugitive emissions in 2024
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. Its user safety record is outstanding, with 99.997% electric reliability (nine times the national average)
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and the elimination of 8,166 contact voltage cases in 2024
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. The company also maintains industry-leading transparency, achieving a perfect score on the CPA-Zicklin Index since 2021
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for its comprehensive disclosures. However, the company's health equity programs, while substantial, represent approximately 2.96% of its annual revenue, including over $444 million in discounts, incentives, and grants for low-income and disadvantaged communities. While 49% of clean energy investments are directed towards disadvantaged communities
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, exceeding the 35% state requirement, and nearly 40% of EV charging plugs are located in these areas
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, these efforts still fall within a negative tier for vulnerable reach. The company also has strong preventative health measures, excellent data privacy practices
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, and mental health support for employees
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, alongside health education initiatives
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.
Fair Money & Economic Opportunity
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Consolidated Edison Inc. primarily operates as an energy distribution utility and does not provide financial services such as microloans, banking products, or consumer credit.
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Therefore, all KPIs related to financial products, lending practices, fees, financial inclusion initiatives, customer financial data, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy, debt burden, geographic inclusion for banking services, and financial product simplicity are not applicable to its core business model. The company's Energy Affordability Program, which enrolled 477,498 residential customers and provided $265.5 million in bill discounts in 2023, is an energy-related initiative focused on utility cost affordability, not a financial service.
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Fair Pay & Worker Respect
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Consolidated Edison Inc.'s subsidiary, CECONY, achieved an injury and illness rate of 1.00 in 2023, representing a 74% reduction in recordable injuries since 2009.
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In March 2025, the company settled a lawsuit for $750,000
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and committed to anti-harassment reforms after an investigation revealed a pervasive culture of harassment and discrimination against women in its field workforce.
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Female employees experienced disregarded complaints, obstacles to promotions, exclusionary comments, and higher rates of discipline.
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Since 2000, Con Edison has incurred over $18 million in penalties related to employment discrimination, including notable settlements of $13.8 million in 2002
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and $3.8 million in 2015.
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The company's Human Rights Statement affirms its dedication to international human rights standards, including the prohibition of child and forced labor, and ensuring fair labor practices, also requiring suppliers to adhere to these standards.
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Fair Trade & Ethical Sourcing
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Con Edison targeted 53 suppliers, representing 86% of its 2022 spend, with an annual Environmental, Social, Governance (ESG) assessment, achieving a 64% response rate.
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In 2022, the company issued a Human Rights Statement, affirming its dedication to protecting human rights and expecting suppliers to uphold these principles, with potential corrective measures or termination for violations.
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Con Edison's Environment, Health, and Safety (EHS) program achieved ISO 14000 series certification, reflecting a commitment to ethical sourcing and environmental management.
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The Supply Chain organization focuses on renewable sources and efficiency in procurement activities.
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In 2023, the company invested in clean energy, energy efficiency, smart meters, and electric vehicles.
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An initiative to refurbish and reuse obsolete furniture conserved 172,800 pounds of raw materials and prevented 59,616 pounds of landfill waste.
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Con Edison's Standards of Business Conduct guide employee ethical decision-making, supported by ethics-related resources and a fraud risk management program.
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Honest & Fair Business
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Con Edison incurred an $82.05 million fine in July 2021 from the New York State Public Service Commission for failing to adequately prepare for and respond to emergencies
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, including Tropical Storm Isaias in 2020
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, a 2019 power outage
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, and a 2018 steam pipe rupture
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. This fine was linked to ethical transparency in emergency management. The company has established comprehensive Standards of Business Conduct
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and conducts regular ethics training, including an interactive program in 2023
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. Additionally, Con Edison implements a fraud risk management program that utilizes training, risk assessments, and data analytics to deter, prevent, and detect fraud
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.
Kind to Animals
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Consolidated Edison is a utility company primarily involved in electric, gas, steam, and renewable energy services. Its core business model does not involve animal testing, animal-derived products, or animal agriculture, rendering most KPIs not applicable. While the company engages in habitat protection and biodiversity efforts, managing over 8,100 acres with vegetation programs and planting pollinator seed mixes to aid bee and butterfly populations
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, the provided articles do not offer specific, measurable biodiversity impact, species recovery metrics, or documented population increases required to score the 'wildlife_conservation_impact' KPI. Similarly, the endorsement of CERES Principles
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, while aligning with environmental values, does not constitute specific engagement in animal welfare policy improvement or advocacy for higher standards as defined by the 'public_policy_engagement' KPI.
No War, No Weapons
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Con Edison's lobbying efforts, totaling $160,000, are focused on energy grid supply, clean energy, and grid modernization, with no indications of military-related lobbying.
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The company provides energy efficiency and solar projects at military installations, including a 14.4-MW solar project at Joint Base McGuire-Dix-Lakehurst
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and up to $900 million in energy efficiency projects for government facilities.
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There is no evidence of exposure to controversial or banned weapons. The Corporate Governance and Nominating Committee oversees the company’s political and lobbying activities.
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Planet-Friendly Business
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Consolidated Edison is implementing the Reliable Clean City project to deliver renewable power to New York City's outer boroughs, which will aid in the retirement of fossil fuel plants in environmental justice communities
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. The company has reduced its SF₆ emissions by 98% compared to 1996 levels by 2022, surpassing its commitment to the EPA
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. In May 2023, it released a Strategic Action Plan on Biodiversity to enhance plant and animal life on 8,000 acres of company-managed transmission rights-of-way
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. Consolidated Edison has invested over $1 billion in infrastructure improvements to enhance climate resilience, including upgrading substations and reinforcing gas lines to mitigate flooding risks
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. The company aims for net-zero Scope 1 emissions by 2050
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, with plans to electrify its light-duty vehicle fleet by 2035
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and electrify 150,000 buildings by 2030
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Respect for Cultures & Communities
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The company has over 20 formal partnerships with various community groups and non-profits, including Opportunities for a Better Tomorrow, Mixteca, Teatown Lake Reservation, Solar One, GrowNYC, and Nature Conservancy.
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Over 80% of the company's employees live in New York State.
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There are no reported cultural appropriation incidents. The company's operations do not involve projects with Indigenous Peoples where Free, Prior and Informed Consent (FPIC) processes would be applicable.
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Safe & Smart Tech
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In August 2023, Con Edison reported a data breach involving a third-party vendor, PBI Research Services
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, which potentially exposed customer personal information
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. The company promptly notified affected individuals and took steps to mitigate the impact
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. Following this, new policies and controls for third-party data processing were developed
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. Additionally, Con Edison has implemented tools to honor customer privacy preferences
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.
Zero Waste & Sustainable Products
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Con Edison reported a 65% recycling rate across its operations in 2022.
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The company significantly reduced hazardous waste by 32,794 tons in 2022
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and implemented processes to render lead-contaminated waste non-hazardous and remove PCBs from gas pipes for recycling.
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Over 40 suppliers completed sustainability assessments focused on waste production reductions.
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Con Edison has multiple waste reduction initiatives, including a 90% reduction in hydraulic oil reservoir capacity in certain vehicles, recycling over 80,000 pounds of e-waste,
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and preventing nearly 60,000 pounds of waste from landfill by using refurbished furnishings.
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All general-use office paper contains 30% post-consumer recycled content.
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The company has no waste disposal violations in recent years, with corrective actions completed in 2009 for historical issues.
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