Exelon Named to Fortune’s Most Admired Companies List
23 February 2023 - 1:00AM
Business Wire
Exelon (Nasdaq: EXC), the nation’s largest energy delivery
company, has been named to Fortune magazine’s list of the World’s
Most Admired Companies for the 15th consecutive year. Fortune ranks
companies on criteria from investment value and quality of
management and products to social responsibility and the ability to
attract talent.
“Being selected for this distinction is a testament to our
19,000 employees who live our purpose of powering a cleaner and
brighter future for our customers and communities every day," said
Calvin Butler, Exelon president and CEO. "Our commitment to our
communities extends beyond providing a reliable and resilient grid.
We are partners in our communities helping to ensure a clean,
equitable and affordable energy future is accessible to all of our
customers."
In this year’s ranking, Exelon scored highest in the categories
of corporate social responsibility and quality of products and
services. Here are just a few examples of our work in those
areas:
Exelon continues to invest in the energy grid, resulting in
record reliability for customers, and will invest $31.3 billion
over the next four years to update and modernize the
infrastructure, finding ways to incorporate distributed energy
resources like solar into the grid while also investing in new
technologies like microgrids, including the one in the ComEd
Bronzeville Community of the Future. Exelon’s transportation
electrification program is well underway, with infrastructure
investments like EV charging stations to meet the growing need for
electric vehicles.
Launched in 2021, Exelon’s $36 million Racial Equity Capital
Fund (RECF) helps minority businesses obtain capital to fuel growth
and spur job opportunities in communities often overlooked by
investors and traditional funding sources. Exelon also has more
than 75 unique workforce development programs across its six
utilities, designed to bring economic equity, empowerment and
employment opportunity to under-resourced communities.
Exelon’s $20 million, 10-year Climate Change Investment
Initiative (2c2i) integrates the companies’ dual commitments to
both community investments and the need to invest in new products
and technologies. Now in its fourth year, 2c2i enables the company
to fund startups developing innovative technologies and solutions
to help mitigate the impact of climate change, benefiting the
communities and customers served by the company, particularly those
in underserved communities, which are disproportionately impacted
by climate change.
In partnership with the Exelon Foundation, Exelon is helping
bridge the color and gender gap in STEM fields with the STEM
Academy, a free, week-long program for high school juniors and
seniors, held in Chicago, Philadelphia and the Baltimore/D.C. area.
The Green Lab Grants program provides $1 million in grants of up to
$50,000 each for high schools and STEM-focused nonprofits to create
and update educational spaces for STEM education. Both programs
serve high school students from primarily under-resourced
communities.
In addition to this honor, Exelon has been named to:
- Forbes Best Large Employers
- JUST Capital’s list of America’s Most Just Companies
- Forbes’ List of Best Employers for Diversity
- Human Rights Campaign’s list of Best Places to Work
About Exelon
Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s
largest energy delivery company, serving more than 10 million
customers through six fully regulated transmission and distribution
utilities — Atlantic City Electric (ACE), Baltimore Gas and
Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power &
Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power
Company (Pepco). More than 18,000 Exelon employees dedicate their
time and expertise to powering a cleaner and brighter future for
our customers and communities through reliable, affordable and
efficient energy delivery, workforce development, equity, economic
development and volunteerism. Follow Exelon on Twitter @Exelon.
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version on businesswire.com: https://www.businesswire.com/news/home/20230222005359/en/
Liz Keating Corporate Communications
elizabeth.keating@exeloncorp.com Media hotline: 312-394-7417
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