From Our President & CEO

New Yorkers are tough, innovative and thoughtful. We look to the future, dream about what could be and take the steps to make it happen.

But don’t take my word for it.

A small sample of our state’s inspiring narrative of leadership over roughly the past 175 years reveals a series of historical turning points: Elizabeth Cady Stanton and Lucretia Mott championing the women’s rights movement in Seneca Falls; Thomas Edison and Nikola Tesla electrifying the world; the modernization of labor laws after the Triangle Shirtwaist Factory fire in Manhattan, and the emergence of the national environmental movement in the Hudson Valley.

NYPA’s focus on sustainability, or ESG, builds on this history of commitment and perseverance. It is a foundational pillar of VISION2030, our recently introduced 10-year strategic plan.

VISION2030 will enable us to help bring about a thriving, resilient New York State powered by clean energy. To achieve this vision, we are advancing the nation’s most ambitious climate targets and setting some of the boldest ESG goals of any U.S. government-owned utility.

This Sustainability Report outlines our approach to ESG, which guides our long-term business investments and plays a crucial role in the growth and development of our organization. We are committed to using the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) reporting frameworks to strengthen disclosures and our accountability to stakeholders.

The following pages highlight our sustainability efforts in 2020 and into 2021, including:

> Releasing NYPA and Canals’ Sustainability Plan, an implementation document complementing this report and providing deeper insight into the actions we are taking to advance sustainability efforts through 2025

> Announcing a 2035 target for eliminating carbon emissions from our natural gas portfolio, a significant step toward meeting the state’s goal of a carbon-free power system by 2040

> Financing hundreds of millions of dollars of customer energy efficiency and clean energy projects

> Supporting 400,000 jobs across New York State through economic development programs, including a financial relief program introduced at the start of the COVID-19 pandemic

> Introducing our Ten-Point Diversity, Equity and Inclusion (DEI) Plan to support the development, retention, promotion and engagement of a diverse workforce; empowerment of diverse suppliers; and forging of science, technology, engineering and mathematics (STEM) partnerships to build a pipeline of energy workers in environmental justice communities

> Funding a $300 million Reimagine the Canals initiative to revitalize the Erie Canal corridor as a prime tourism and recreation destination, while boosting economic development and environmental resilience

The next decade will be exciting and productive for NYPA and Canals. We will use our innovative talent, visionary strategies, industry-leading ambition and “New York Tough” mindset to pursue decarbonization, foster economic growth and create an ESG blueprint for others to follow.

Everything we do will be shaped by the sustainability goals and organization-wide commitments detailed here. This will be a collaborative effort, and we will keep our communities and stakeholders fully updated on our progress as we move forward together toward a cleaner, brighter future.

Gil C. Quiniones 
President and Chief Executive Officer