Duke Energy has once again been named as one of the World's Most Admired Companies by Fortune magazine. This marks the company's seventh consecutive year on the prestigious list. Duke Energy has also ranked among the top four gas and electric utilities for the third year in a row.
Lynn Good, Duke Energy's chair, president, and CEO, expressed her gratitude for the recognition, stating, "Providing safe, reliable and affordable energy is foundational to serving our customers and communities. It is an honor for Duke Energy to be recognized by industry peers, directors, and analysts in Fortune's list of World's Most Admired Companies."
The rankings are determined through independent surveys of executives, directors, and industry analysts. Companies are evaluated on nine attributes, including innovation, people management, social responsibility, and financial soundness.
Duke Energy's inclusion on this year's list further solidifies its position as one of the top companies in the industry. The company has also recently been recognized as one of the top 100 Most JUST Companies.
In addition to its commendable reputation, Duke Energy has also achieved notable performance highlights. The company has invested over $70 million in supporting communities through grants, utility bill pay assistance, and energy efficiency programs. This commitment to helping those in need has been a cornerstone of Duke Energy's philanthropy efforts.
Furthermore, Duke Energy has prioritized grid reliability by modernizing and strengthening its investor-owned grid. During Hurricane Idalia, the company's self-healing grid technologies saved over 7 million customer outage minutes in Florida.
Another area of focus for Duke Energy is advancing the clean energy transition. The company is on track to achieve its goal of having 30,000 megawatts of owned, operated, or contracted renewables on its system by 2035. This commitment to clean energy aligns with Duke Energy's broader goals of achieving net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.
Duke Energy, a Fortune 150 company headquartered in Charlotte, North Carolina, serves 8.2 million customers across various states. The company's electric utilities and natural gas unit collectively employ 27,600 people. Duke Energy is actively investing in major electric grid enhancements, energy storage, and exploring zero-emission power generation technologies.
The recognition as one of the World's Most Admired Companies and the company's dedication to innovation, sustainability, and community support further solidify Duke Energy's position as a leader in the energy industry.