Energy for a Better Future: Entergy’s Corporate Citizenship Impact

Rhea-AI Summary

Entergy 's 2023 performance report showcases positive economic impacts, including a $140 million economic impact, tax preparation assistance for customers, and recognition as a Civic 50 honoree for corporate citizenship.

Positive

• Entergy's commitment to corporate social responsibility resulted in a $140 million economic impact in 2023.
• Over 120,000 hours of volunteer service from dedicated employees contributed to the economic impact.
• Approximately 25% of Entergy's 3 million residential customers living at or below the poverty line benefited from tax preparation assistance.
• Entergy employees dedicated over 2,880 volunteer hours to Volunteer Income Tax Assistance sites, resulting in $42.7 million in federal tax refunds for customers.
• Entergy was honored as a Civic 50 honoree for the eighth time, recognizing its commitment to corporate citizenship and social impact.

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• None.

NORTHAMPTON, MA / ACCESSWIRE / April 11, 2024 / Entergy Corporation

Energy for a better future: Entergy's corporate citizenship impact

Entergy's performance report integrates a comprehensive overview of our 2023 achievements, including financial results with economic, environmental, governance, and social performance and impacts. Learn how we power life for all our stakeholders at performancereport.entergy.com.

Positive economic impacts
In 2023, our commitment to corporate social responsibility had a profound impact on our customers and communities, resulting in an economic impact of nearly $140 million. Through strategic partnerships with our community partners, we implemented a range of initiatives aimed at addressing poverty, promoting education and workforce development, providing financial assistance to vulnerable customers, improving our communities and caring for the environment.

Our dedicated employees played a pivotal role in our economic impact, contributing over 120,000 hours of volunteer service valued at $3.8 million across our service areas.

Tax preparation help for our customers
Our commitment to addressing poverty has had a significant positive impact on approximately 25% of our 3 million residential customers who live at or below the poverty line. One of the most effective ways we make a difference is by helping qualified customers file for federal earned income tax credits. In 2023, our employees dedicated more than 2,880 volunteer hours to Volunteer Income Tax Assistance sites.

As a result, more than 37,000 Entergy customers received $42.7 million in federal tax refunds through Entergy-sponsored VITA sites. This includes more than 7,000 customers who received $13.1 million in earned income tax credits. Since 2009, our support of VITA sites has helped return $333 million to almost 200,000 residents in our service area.

The Civic 50 honoree
We were honored to be named an honoree of The Civic 50, Points of Light's prestigious annual list recognizing the top community-minded companies in the United States. This is the eighth time we have been included on this list, and we were also named as this year's Utilities Sector Leader. This recognition highlights our commitment to corporate citizenship and sets a national standard for driving social impact.

Read the full report here.

View additional multimedia and more ESG storytelling from Entergy Corporation on 3blmedia.com.

Contact Info:
Spokesperson: Entergy Corporation
Website: https://www.3blmedia.com/profiles/entergy-corporation
Email: info@3blmedia.com

SOURCE: Entergy Corporation

View the original press release on accesswire.com

FAQ

What was Entergy 's economic impact in 2023?

Entergy 's economic impact in 2023 was nearly $140 million.

How many hours of volunteer service did Entergy employees contribute in 2023?

Entergy employees contributed over 120,000 hours of volunteer service in 2023.

How many Entergy customers benefited from tax preparation assistance in 2023?

Approximately 25% of Entergy's 3 million residential customers benefited from tax preparation assistance in 2023.

How much in federal tax refunds did Entergy customers receive through VITA sites in 2023?

Entergy customers received $42.7 million in federal tax refunds through VITA sites in 2023.

How many times has Entergy been named a Civic 50 honoree?

Entergy has been named a Civic 50 honoree for the eighth time.