FY 2021 Sustainability Report
TVA Sustainability. Today. Tomorrow. Together.
What is TVA doing to advance diversity and inclusion?
Why does TVA issue an annual Sustainability Report?
In recent years, we have elevated Inclusion as a Core Value, created a Chief Diversity & Inclusion Officer position, intensified our efforts to focus on Inclusion with Diversity and created a framework that is enhancing education, dialogue and engagement across the organization. Inclusion gets to the heart of making people feel valued, of helping them feel like they belong. Diversity of thought and background is going to be essential to developing the clean energy system of the future, and TVA is focused on ensuring that every employee can bring their true self to work each day and contribute to the fullest.
Sustainability reporting, also called ESG reporting, is important to customers, potential employees, investors, contractors, clients and stakeholders. TVA uses the Global Reporting Initiative (GRI) standards, the most widely used reporting framework globally, to help meet the needs of stakeholders for comparable data. This year, we’ve also reported data utilizing the Sustainability Accounting Standards Board (SASB) framework as the preferred reporting standards for the investor community, which includes TVA bondholders.
How does TVA support communities? Serving the region’s communities is an important part of our mission of service. This report highlights many of our community programs, from partnering with local power companies, to improving the safety and energy efficiency of homes for qualified low-income individuals, to providing environmental education that engages communities in caring for the environment.
With more and more stakeholder interest in sustainability and transparency, it’s up to TVA to share what we are doing to meet our mission of service. Our Sustainability Report provides a transparent look at our impact and our growth opportunities. In fact, with this tool, TVA has connected transparently with collaborators, suppliers, public institutions, customers and community leaders, many of whom have sustainability goals of their own. The Sustainability Report is a way for TVA to talk about our work while striving to improve today, tomorrow and together.
When the Tennessee Valley experiences severe weather, TVA is there to help. In 2021, after horrific flash flooding in Middle Tennessee and deadly tornados in Western Kentucky, TVA rallied to help the communities in every way possible. Our new regional operating model, which focuses on local partnerships and relationships in the Valley, helped us rapidly get boots on the ground to the places that needed it most. TVA engineers, operations and other staff supported crews heading into the field, and our crews worked 24/7 to restore the power system quickly. We also supported employees and community members in need through collection of food and supplies as well as through corporate donations. These TVA initiatives, and so many more, improve life for everyone in the Valley.
6
7
