From Our Chairman

In this time of unprecedented uncertainty and disruption, Environmental, Social and Governance (ESG) issues are central to financial recovery and growth. Individually and collectively, they have a profound impact on all aspects of a business, its people and its operating ecosystem—including the natural environment and the economic infrastructure. In this still new century, sustainability is more than a responsible practice, it is a competitive advantage. It says who we are and what we will achieve going forward.

We, therefore, believe it is critically important for ESG to become even more central to NYPA’s strategy and mission, and, consequently, have made it a foundational pillar of VISION2030. Our ESG commitments and investments will enhance engagement with our stakeholders and increase our business resilience.

NYPA is playing a key role in transforming how energy is generated and transmitted in New York State. Our efforts align with the Intergovernmental Panel on Climate Change’s (IPCC) goal to achieve climate stabilization at 1.5 °C. We are helping to implement the New York State Climate Leadership and Community Protection Act (CLCPA) and facilitate a just transition to a carbon-free, economically vibrant New York State.

This Sustainability Report, and NYPA’s 2021-2025 Sustainability Plan, are important next steps that demonstrate NYPA’s commitment to building a more sustainable business that will, in turn, support New York State’s ambitious climate agenda.

An integral component of this effort is strong governance with well-established policies, practices and controls to guide our sustainability efforts. Our inclusive sustainability governance framework applies to every level of our organization and is designed to ensure accountability for our actions and performance.

At the Board level, our ESG commitments include:

> Leading and guiding the management of ESG strategy and goal setting

> Supporting our governance of ESG-related issues, including managing committees focused on risk and resilience to further embed ESG into our operations

> Ensuring the achievement of goals identified in the Sustainability Plan

> Reinforcing corporate accountability around setting, monitoring, evaluating and achieving our sustainability goals

> Climate change is one of the most important challenges of this era and a strong ESG foundation will support our efforts to create a new energy future for the people, communities and businesses of New York State.

 

John R. Koelmel
Chairman