NRG Energy and Smart Energy Decisions Publish 2022 State of Decarbonization Study

Rhea-AI Summary

NRG Energy, Inc. has published the 2022 State of Decarbonization Study in collaboration with Smart Energy Decisions. Key findings reveal that 65% of organizations prioritize reputational risk and nearly 60% focus on cost reduction when pursuing decarbonization. Additionally, 85% of respondents have set emissions reduction goals, with nearly half committing to net-zero. The study reflects the growing commitment of companies to address environmental challenges and highlights the importance of experienced energy partners in achieving these targets.

Positive

• 65% of respondents prioritize reputational risk in decarbonization.
• Nearly 60% of companies focus on cost reduction in their strategies.
• 85% of organizations have established emissions reduction goals.
• Nearly half of respondents have made commitments to achieve net-zero.

Negative

• None.

--Research Shows Reputational Risk and Cost Reduction are Top Motivators for Study Respondents in Their Pursuit to Decarbonize--

HOUSTON--(BUSINESS WIRE)-- NRG Energy, Inc., in collaboration with Smart Energy Decisions, today published new research that shows reputational risk and cost reduction as top motivators for organizations when considering decarbonization solutions. The 2022 State of Decarbonization Study provides insight into the many factors that influence businesses as they look to pursue net-zero.

When asked what drives their decarbonization journey, 65 percent¹ of respondents noted reputational risk as one of their top considerations, followed closely by cost reduction at nearly 60 percent. Regulatory and legal risks rounded out the top three at 47 percent. The study demonstrated that many organizations are now making serious environmental commitments, with 85 percent of respondents having established emissions reduction goals and nearly half having gone a step further by making net-zero commitments. While achieving targets can be a challenge, an experienced energy partner can help facilitate meaningful progress.

The study received responses from energy leaders at more than 170 organizations regarding their challenges and opportunities associated with reducing emissions.

To read the entire State of Decarbonization Study click here.

About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy.

About Smart Energy Decisions
Smart Energy Decisions is the leading information and research platform serving large electric power users. We produce news, analysis, research and events designed to help our community make smart energy decisions. We are a catalyst for change in support of the energy transition taking place in electric power markets. Our mission is to help large electric power users improve their profitability and reduce their carbon emissions by adopting best practices in energy efficiency and renewable energy sourcing.

¹Participants were allowed to select multiple options

View source version on businesswire.com: https://www.businesswire.com/news/home/20220817005728/en/

Media:

Laura Avant

713.537.5437

Laura.Avant@nrg.com



Investors:

Kevin L. Cole, CFA

609.524.4526

investor.relations@nrg.com

Source: NRG Energy, Inc.

FAQ

What are the main findings of the 2022 State of Decarbonization Study by NRG?

The study shows that 65% of organizations prioritize reputational risk and nearly 60% focus on cost reduction when pursuing decarbonization.

What percentage of companies have made net-zero commitments according to NRG's study?

Nearly half of the respondents in NRG's study have made commitments to achieve net-zero.

How many organizations participated in NRG's decarbonization research?

The study received responses from energy leaders at more than 170 organizations.

What motivates companies to decarbonize according to the NRG study?

Top motivators include reputational risk, cost reduction, and regulatory/legal risks.

Where can I read the full State of Decarbonization Study by NRG?

The full study can be accessed via NRG's official website or through the provided link in the press release.