MASHINIi

Exelon Corporation.

EXC.US | Electric power generation, transmission and distribution

Exelon Corporation is a utility services holding company. It operates through six segments: ComEd, PECO, BGE, Pepco Holdings, Generation, and Corporate and Other. The ComEd segment consists of the electric distribution operations in northern Illinois. The PECO segment consists of the electric and na...Show More

Ethical Profile

Mixed.

Exelon Corporation's ethical record is mixed, marked by significant controversies. A political corruption scheme from 2011-2019 led to a $46.2 million SEC fraud settlement. A $173 million investor settlement followed an alleged ComEd bribery scheme, with ComEd paying a $200 million fine. Exelon aims for net-zero emissions by 2050; its energy efficiency programs reportedly avoided 9.8 million metric tons of CO2 in 2023. Its Climate Change Investment Initiative supports environmental startups, and $2.88 billion was spent with diverse suppliers in 2022. However, its worker respect record includes a $5.165 million employment discrimination settlement and OSHA fines.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect-10
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-50
-100100
Kind to Animals-20
-100100
No War, No Weapons-10
-100100
Planet-Friendly Business-40
-100100
Respect for Cultures & Communities50
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

0

Exelon Corporation's principal goods and services, as an energy provider, do not have a direct positive or negative health impact. However, the company has engaged in significant efforts to address health externalities. Exelon is transitioning away from coal-fired power generation to cleaner energy sources, which helps reduce negative health impacts associated with fine particle pollution. In 2023, the company reported a nearly 54% recycling rate for its regulated and non-regulated waste.

1
Through energy efficiency programs, Exelon helped customers save 26.5 million megawatt-hours of energy, avoiding over 9.8 million metric tons of CO₂ emissions, which improves air quality and public health.
2
Additionally, Exelon's Climate Change Investment Initiative (2c2i) committed $20 million to invest in startups like Aclima, which monitors air quality, and Byfusion, which repurposes plastic waste, indirectly supporting public health and healthier communities.
3

Fair Money & Economic Opportunity

0

Exelon has launched significant initiatives to support economic opportunity in underserved communities. The company established a $36 million Community Impact Capital Fund in 2022.

1
, which had invested nearly $10 million in locally-owned businesses in under-resourced communities by June 2024.
2
Additionally, a $36 million Racial Equity Capital Fund was launched in October 2021 to provide loans ranging from $100,000 to $300,000 to minority-owned businesses.
3
In 2022, Exelon's Supplier Diversity Program spent $2.88 billion with diverse suppliers, representing 39% of its total spend, marking a 58% increase since 2019.
4
Exelon also joined the Economic Opportunity Coalition in 2024 to enhance economic opportunities through targeted procurement practices.
5

Fair Pay & Worker Respect

-10

Exelon Corporation has faced three substantiated labor-law or human-rights violations in the past three years (2023-2025).

1
These include a finding in September 2023 that an employee engaged in protected whistleblower activity and suffered adverse actions, and two OSHA workplace safety or health violations in 2024 and 2025.
2
In the fall of 2023, 79% of employees surveyed indicated they are proud to work at Exelon.
3

Fair Trade & Ethical Sourcing

0

In 2024, Exelon directed approximately 25% of its nearly $8 billion total supplier spend to diverse suppliers.

1
The company conducts semi-annual detailed supplier risk assessments.
2

Honest & Fair Business

-50

Exelon Corporation faced significant penalties in 2023, including a $46.2 million SEC settlement for fraud related to a political corruption scheme involving its subsidiary ComEd from 2011 to 2019

1
. The company also settled with investors for $173 million in 2023 for concealing this bribery scheme
2
. ComEd had previously paid a $200 million fine in 2020 for its role
3
. Despite these issues, Exelon maintains a Code of Business Conduct addressing conflicts of interest, bribery, and corruption
4
, provides mandatory annual ethics training
5
, and has a framework for reporting ethical concerns and a Supplier Code of Conduct
6
.

Kind to Animals

-20

Exelon manages 44,261 acres of fragile ecosystems at Wildlife Habitat Council (WHC) and National Wildlife Federation (NWF) locations, with 50 WHC-certified sites

1
and 71 NWF-certified locations
2
. The company enrolled 149,009 acres into Candidate Conservation Agreements with Assurances, including 15,597 acres for Monarch butterfly protection
3
. Over 2,000 avian diverters have been installed on transmission and distribution lines
4
, and a system-wide Avian Protection Plan is in place
5
. Species support includes releasing 47 alligator gar
6
, producing 1,700 fat mucket and 250 plain pocketbook mussels
7
, harvesting 15 million walleye eggs
8
, releasing over 2 million walleye fry
9
, and producing 31,000 advanced fingerling walleyes
10
. BGE planted 23,400 native trees over 57 acres
11
, and the Conowingo Hydroelectric Project passed 49,469 fish, including 485 American shad
12
, installed a permanent eel trap
13
, and transported 255,889 eels
14
. In 2020, 11% of critical Tier 1 suppliers were audited
15
. Exelon utilities are members of the Avian Power Line Interaction Committee and work with the National Wildlife Federation to protect and restore native wildlife and habitats
16
.

No War, No Weapons

-10

Exelon Corporation, primarily an electricity and natural gas distributor, has participated in military contracts, including a $1.5 billion EPC II MATOC contract scheduled to conclude in 2024, from which no obligations have yet been made.

1
The company also maintains an ongoing relationship with military structures through initiatives like the U.S. Army's PaYS program, which provides job opportunities for veterans, and a strong veteran hiring program.
2

Planet-Friendly Business

-40

Exelon has set a net-zero emissions target for 2050

1
, with an interim goal to reduce operations-driven greenhouse gas emissions by 50% by 2030
2
. The company's Climate Change Investment Initiative (2c2i) has invested in 28 startups as of August 2024
3
, leading to over 31,000 metric tons of GHG reductions
4
, with a focus on minority and women-led enterprises
5
. Exelon Utilities plans to convert 30% of its vehicle fleet to electric by 2025 and 50% by 2030
6
. In 2023, utility energy efficiency programs helped customers avoid 9.8 million metric tons of CO₂ emissions
7
. The company is investing $38 billion over four years to modernize the grid and integrate renewable energy
8
, and aligns its practices with the Task Force on Climate-related Financial Disclosures (TCFD)
9
. Exelon has been named to the Dow Jones Sustainability North America Index for 17 consecutive years
10
.

Respect for Cultures & Communities

50

Exelon demonstrates a strong commitment to community engagement through numerous formal partnerships, totaling over 110 agreements with various community organizations, Historically Black Colleges and Universities (HBCUs), and economic development groups.

1
The company also actively supports local economies through its procurement practices, with approximately 50% of its nearly $8 billion supplier spend in 2024 directed to local businesses.
2

Safe & Smart Tech

10

Exelon has implemented Relativity Trace, which increased compliance efficiencies by 50%.

1
The company's cybersecurity program is overseen by its Board of Directors, with the Chief Information Security Officer and management regularly engaging on risk management.
2
Exelon employs tools such as endpoint detection, network monitoring, and vulnerability assessments, and collaborates with law enforcement and industry programs to strengthen grid security.
3
In 2024, cybersecurity expert David DeWalt was appointed to the Board.
4
Exelon integrates AI for predictive maintenance and personalized energy-saving recommendations.
5
In July 2024, some of Exelon's information systems were affected by a global cyber outage, though specific details on its extent or nature were not provided.
6

Zero Waste & Sustainable Products

-30

Exelon achieved an overall recycling rate of 71.45% in 2024, recycling 593 thousand metric tons out of 830 thousand metric tons of waste produced.

1
The company implements 10 distinct waste reduction initiatives, including contractor take-back programs, minimizing paper use, using reusable totes, and finding outlets for refurbished meters and computer electronics.
2
Exelon manages hazardous waste, such as PCB-contaminated equipment and flammable liquids, and achieved a 20.7% recycling rate for hazardous waste in 2024.
3
In 2024, PECO received one Notice of Violation (NOV) from the Pennsylvania Department of Environmental Protection for failure to submit a permit termination notice, and Pepco paid a $10 million civil penalty to D.C. under a Consent Order to resolve alleged violations.
4
Exelon’s Supplier Code of Conduct requires suppliers to support sustainability commitments, including reducing waste and pollution at the source.
5
PECO completed an education program to increase recycling and reduce waste, which included a "dumpster dive" event recorded for educating internal and external personnel on material recyclability.
6

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.