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2023 Sustainability Report highlights PPL's utility of the future strategy

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PPL 's 2023 Sustainability Report showcases the company's commitment to delivering safe, reliable, affordable, and sustainable energy to customers while creating long-term value for shareholders. The report highlights achievements in reliability, infrastructure improvements, cost savings, clean energy transition, research projects, community engagement, and ethical stewardship.
Il Rapporto di Sostenibilità 2023 di PPL evidenzia l'impegno dell'azienda a fornire energia sicura, affidabile, conveniente e sostenibile ai clienti, creando al contempo valore a lungo termine per gli azionisti. Il rapporto mette in luce i successi in termini di affidabilità, miglioramenti infrastrutturali, risparmi sui costi, transizione verso l'energia pulita, progetti di ricerca, coinvolgimento della comunità e gestione etica.
El Informe de Sostenibilidad 2023 de PPL muestra el compromiso de la empresa de proporcionar energía segura, fiable, asequible y sostenible a los clientes, mientras crea valor a largo plazo para los accionistas. El informe destaca logros en fiabilidad, mejoras en infraestructuras, ahorro de costes, transición a la energía limpia, proyectos de investigación, participación comunitaria y administración ética.
PPL의 2023 지속 가능성 보고서는 고객에게 안전하고 신뢰할 수 있으며, 저렴하고 지속 가능한 에너지를 제공하면서 주주들에게 장기적인 가치를 창출하는 회사의 노력을 보여줍니다. 이 보고서는 신뢰성, 인프라 개선, 비용 절감, 청정 에너지 전환, 연구 프로젝트, 커뮤니티 참여, 윤리적 관리 등의 성과를 강조합니다.
Le Rapport sur la durabilité 2023 de PPL démontre l'engagement de l'entreprise à fournir une énergie sûre, fiable, abordable et durable aux clients, tout en créant une valeur à long terme pour les actionnaires. Le rapport souligne les réalisations en matière de fiabilité, d'améliorations des infrastructures, d'économies de coûts, de transition vers une énergie propre, de projets de recherche, d'engagement communautaire et de gestion éthique.
Der Nachhaltigkeitsbericht 2023 von PPL zeigt das Engagement des Unternehmens, sichere, zuverlässige, erschwingliche und nachhaltige Energie für Kunden bereitzustellen und gleichzeitig langfristigen Wert für die Aktionäre zu schaffen. Der Bericht hebt Erfolge in Bezug auf Zuverlässigkeit, Infrastrukturverbesserungen, Kosteneinsparungen, Übergang zu sauberer Energie, Forschungsprojekte, Gemeinschaftsengagement und ethische Verwaltung hervor.
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Report details 2023 performance results; company's commitment to deliver safe, reliable, affordable and sustainable energy to customers and long-term value for shareowners.

ALLENTOWN, Pa., April 18, 2024 /PRNewswire/ -- PPL Corporation today released its 2023 Sustainability Report highlighting the company's progress in executing its utility of the future strategy. The report details PPL's performance results in areas of safety, energy delivery, environmental stewardship, community engagement, responsible business practices and corporate governance.

"I'm very proud of what our PPL team accomplished in 2023," said PPL President and Chief Executive Officer Vincent Sorgi. "Our commitment to responsible business practices guides our efforts as we pursue a cleaner energy future while maintaining safe, reliable and affordable service for our customers and delivering long-term value for our shareowners."

As highlighted in the report, PPL's 2023 accomplishments included:

  • Achieving top-quartile reliability at each of the company's utilities and generation reliability in Kentucky was once again among the best in the nation.
  • Completing $2.4 billion in infrastructure improvements on time and on budget as the company continues to invest responsibly.
  • Delivering $75 million in operation and maintenance savings for the year through a strong, enterprise-wide focus on technology and business transformation to help keep energy affordable while investing in the company's clean energy transition.
  • Strengthening PPL's transmission and distribution systems and expanding the company's industry-leading use of smart grid, automation, data analytics and artificial intelligence (AI) to build a smarter, more resilient, more reliable and more dynamic energy grid.
  • Engaging in more than 150 active research projects, with $100 million in active federal funding, to accelerate the development and commercialization of clean energy technologies needed to achieve a net-zero carbon future.
  • Remaining deeply committed to community involvement and donating more than $13.6 million through the company and affiliated foundations to improve lives, enable new growth and support economic development.
  • Ensuring transparency, accountability and ethical stewardship to deliver long-term value for shareowners, customers and the communities served by PPL.

PPL's 2023 Sustainability Report is available online at www.pplsustainability.com. 

About PPL
PPL Corporation (NYSE: PPL), headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.5 million customers in the U.S. PPL's high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions. For more information, visit www.pplweb.com.

Note to Editors: Visit our media website at www.pplnewsroom.com for additional news about PPL Corporation.

Contacts:

For news media: Lissette Santana, 610-774-3357


For financial analysts: Andy Ludwig, 610-774-3389

 

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SOURCE PPL Corporation

PPL 's 2023 Sustainability Report highlights the company's progress in executing its utility of the future strategy, focusing on safety, energy delivery, environmental stewardship, community engagement, responsible business practices, and corporate governance.

In 2023, PPL achieved top-quartile reliability at its utilities, completed $2.4 billion in infrastructure improvements on time and on budget, delivered $75 million in operation and maintenance savings, strengthened transmission and distribution systems, engaged in over 150 research projects, and donated over $13.6 million for community improvement.

PPL's 2023 Sustainability Report is available online at www.pplsustainability.com.
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#502 Ranked by Market Cap
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#924 Ranked by Dividends

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PPL Stock Data

20.26B
736.10M
0.09%
78.23%
2.29%
Nuclear Electric Power Generation
Utilities
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United States of America
ALLENTOWN

About PPL

ppl corporation (nyse:ppl), a global energy company, delivers electricity and natural gas to more than 10.5 million customers in pennsylvania, kentucky and the united kingdom. our high-performing regulated utilities – western power distribution, louisville gas and electric, kentucky utilities, and ppl electric utilities – provide an outstanding service experience for our customers, consistently ranking among the best in the u.s. and the u.k. ppl is a positive force in the cities and towns where we do business, providing support for programs that create jobs and donating millions to charitable organizations that improve the quality of life. our more than 13,000 employees generously volunteer their time and energy to help others. as one of the largest investor-owned companies in the u.s. utility sector, ppl is committed to providing essential energy services in extraordinary ways, and we deliver.