Constellation Energy Corporation · NASDAQ:CEG
Constellation Energy — ESG Presentation (May 2022)
26 slides from Constellation Energy's sustainability presentation, May 2022
Slide 1: ESG Investor Deck May 2022
—— = Constellation ESG Investor —w Deck EE May 2022 ——————_
Slide 2: Cautionary Statements Regarding Forward-Looking Information
Cautionary Statements Regarding Forward-Looking Information This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and ans and variations on such words, and similar expressions that reflect ou
Slide 3: Constellation at a glance
• #1 provider of carbon-free 24/7 • #1 in market share for C&I • Fortune 200 company, based on energy in the United States customers $19.6 billion in operating revenues • Lowest carbon emissions and • #2 retail electricity provider in 2021 carbon intensity generator in the • #3 in market share for m
Slide 4: Constellation's Value Proposition
Constellation’s Value Proposition Enduring Businesses Ready to Meet the Climate Crisis * World-Class nuclear operator and largest generator of 24/7 carbon-free firm electricity with ability to extend asset lives * Largest provider of energy and solutions to commercial and industrial customers * Stro
Slide 5: ESG Principles
Providing Carbon-Free Energy and Climate Mitigation Strong Corporate C&I Customer Governance and Transformation Risk Management ESG Principles Commitment to Innovation and Diversity Equity Technology and Inclusion Enablement Equity and Community Carbon-Free Empowerment Policy Advocacy 5
Slide 6: Accelerating the Transition to a Carbon-Free Future
Accelerating the Transition to a Carbon-Free Future Launched Volta partnership to accelerate the deployment of energy storage technologies to enable electric vehicles and Commitment: 100% complement renewable owned generation energy deployment carbon-free by 2040; 100% reduction of operations-driven
Slide 7: Firm Nuclear Power Plays a Unique Role in the Fight Against the Climate Crisis
Firm Nuclear Power Plays a Unique Role in the Fight Against the Climate Crisis 24/7 80 years Firm Carbon-Free Resilient Variable License Renewals Nuclear power Nuclear power has Renewables Second license provides firm carbon- onsite fuel for 18-24 Nuclear power can renewals will extend free electric
Slide 8: Nuclear Energy has the Lowest Life Cycle Emissions of any Generation Technology
Nuclear Energy has the Lowest Life Cycle Emissions of any Generation Technology(1) Nuclear Hydro Onshore Wind Offshore Wind Solar PV Solar Thermal Gas NGCC (with CCS) Minimum g CO2 eq. per kWh Coal IGCC (with CCS) Range of Lifecycle GHG Emissions Observed Gas NGCC Coal IGCC 0 100 200 300 400 500 600
Slide 9: Constellation is the Largest Producer of Carbon-Free Electricity in the United States
Constellation is the Largest Producer of Carbon-Free Electricity in the United States Largest Producers of Carbon-Free Lowest CO2 Emissions Among Major Lowest Carbon Intensity Among Generation(1,2) Investor-Owned Generators(2) Major Investor-Owned Generators(2) million MWh million short tonnes lb/MW
Slide 10: Emissions intensity versus Paris pledge pathways
Agreement Levels 0.700 Below 2 Degrees C Paris Pledges 2 Degrees C Constellation(1) 0.600 0.500 0.400 t CO2e/MWh 0.300 0.200 0.100 0.000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Reflects Transition Pathway Initiative data as of January 20, 2021; https
Slide 11: Reduced Our Emissions Footprint by 80% Since 2005
Reduced Our Emissions Footprint by 80% Since 2005 Constellation Scope 1 and Scope 2 Emissions Reductions 35 -80% 0.95 30 Million metric tonnes of CO2 25 22.01 20 32.33 15 0.95 0.50 10 0.07 7.42 1.22 0.45 9.06 5 10.32 6.40 6.97 0 As-owned 2005(1) Plants Sold Adjusted Baseline(2) Real Reductions(3) Ne
Slide 12: Clean Energy Supply, Customer Transformation, Technology Enablement
100% Of our owned generation will be 100% Reduction of our operations- 100% Of C&I customers provided with carbon-free by 2040 driven emissions by 2040 (1) specific information about how to meet GHG reduction goals ✓ Clean Energy Supply: ▪ Clean Electricity Supply: We commit that our owned generatio
Slide 13: Plants can be Clean Energy Centers
Plants can be Clean Energy Centers 13
Slide 14: Constellation Provides Industry-Leading Sustainability Solutions
Constellation Provides Industry-Leading Sustainability Solutions 14
Slide 15: Diversity, Equity and Inclusion is a Core Value at Constellation
Diversity, Equity and Inclusion is a Core Value at Constellation We center our DE&I strategy around three primary values: Attracting, retaining and advancing Providing a workplace that ensures Integrating diversity, equity and inclusion employees who will best serve and mutual respect and where each
Slide 16: Human Capital Management
Human Capital Management We strive to create a workplace that is diverse, inclusive, innovative and safe for our employees by: • Routinely reviewing hiring, development and promotion practices • Establishment of 9 Employee Resource Groups (ERGs) with 64 associated chapters • Providing growth opportu
Slide 17: Constellation is Committed to Safe Operations and Environmental Performance
Constellation is Committed to Safe Operations and Environmental Performance Best Safety Records in the Industry Strong Safety Culture Environmental Performance • Nuclear plants have lowest recordable injury • Multiple levels of oversight to ensure continued • Focus on full compliance with legal rate
Slide 18: Constellation Supports Our Communities
Constellation Supports Our Communities 2021 Impact Overview Donated Dollars and Time Geographic Reach In 2021 Constellation (1) These combined funds provided benefitted more than $5.2M 4,000 in Philanthropic Support organizations In addition, employees donated Employees also logged $5.0M 64,800 in d
Slide 19: Economic contribution to local communities
directly into their state and local economies each year. ➢ Paid nearly $215 million in local property taxes to fund school districts and other community priorities ➢ Paid nearly $93 million in state payroll taxes -paying jobs in the states where we operate, including: ➢ Employing 10,200 full-time wo
Slide 20: Spent Nuclear Fuel
Spent Nuclear Fuel • Spent nuclear fuel is stored and handled in compliance with the stringent requirements of the U.S. Nuclear Regulatory Commission and the U.S. Department of Energy (DOE) • Nuclear fuel is a solid that is incredibly dense and produces immense amounts of energy with little waste –
Slide 21: Spent Nuclear Fuel is Safely and Securely Stored at Our Nuclear Stations
Spent Nuclear Fuel is Safely and Securely Stored at Our Nuclear Stations Spent Fuel Pools Dry Cask Storage • One third of the fuel in the reactor is removed during a refueling • After the fuel has cooled in the pools and its radioactivity has outage sufficiently decreased, it is removed and placed i
Slide 22: Board Structure and Directors
Joe Dominguez Board Structure CEO, Constellation CEO Robert J. Lawless* Former President, Chair and CEO, Independent Chair McCormick & Company Full Board Former Executive Vice President & Laurie Brlas* CFO, Newmont Mining Corporate Audit & Risk Compensation Nuclear Governance Former Co-Chairman of B
Slide 23: Board Committees
Audit & Risk Committee Compensation Committee • Oversees and reviews the quality, integrity and internal controls of the • Assists Board in establishing performance criteria, evaluation, and compensation for CEO • Appoints, retains, and oversees the independent auditor and evaluates its • Approves e
Slide 24: Appendix
= Constellation ~—w | Appendix yn EE ——————_
Slide 25: Best-in-Class Nuclear Operations Resulting in More Carbon-Free Energy
Best-in-Class Nuclear Operations Resulting in More Carbon-Free Energy Nuclear Capacity Factor (%) (1,2,3) Average Nuclear Refueling Outage Days (3,5) Industry Average Industry Average Ranking Among Major Ranking Among Major 95.7% 95.4% Operators (2-Yr) (4) Operators (4) 94.1% 94.6% 94.3% 36 34 35 34
Slide 26: Strong Performance from our Renewables and Power Fleet
Strong Performance from our Renewables and Power Fleet 12 GW Capacity 27 million MWh ...from 3 GW renewables, 8 Canada GW gas units, 1 GW oil 8 million MWh LNG Terminal of carbon-free energy produced from 3 GW BCF/day vaporization hydro, wind and solar capacity Power Dispatch Match(1) Wind & Solar E