Constellation Increases Charitable Giving by 50%, Eclipses 100,000 Employee Volunteer Hours in 2023
February 08 2024 - 9:00AM
Business Wire
81% of direct company giving supported
organizations, programs or events that were targeted specifically
to diverse populations
Constellation (Nasdaq: CEG), the nation’s largest
producer of carbon-free energy, announced it contributed $18.7
million in combined philanthropic giving in support of more than
4,400 charities in 2023. The figure represents a nearly 50%
increase from the $12.5 million Constellation and its employees
contributed in 2022, Constellation’s first year as a standalone
company.
Constellation’s Corporate and Foundation giving totaled $13.6
million while its 13,000 employees accounted for the remaining
charitable funding, providing $5.1 million in philanthropic
support. Employees also logged more than 102,000 volunteer service
hours in support of various community causes.
“Our role in the clean energy transition isn’t just about the
carbon-free power we produce, it’s also about ensuring that all
individuals and families are afforded the opportunity to experience
the benefits of that transition,” said Joe Dominguez, president and
CEO, Constellation. “As a company, we take immense pride in our
ability to give generously throughout our communities and share our
successes with the people we serve.”
In 2023, Constellation also established the Constellation
Foundation to expand the company’s philanthropic mission and
further its commitment to investing long term in the communities it
serves. The Foundation supports causes that are aligned with the
company’s giving pillars of Climate & Environment, Equity &
Education and Employing Giving & Volunteerism.
In its first year, The Foundation backed several of
Constellation’s signature workforce development efforts. In July,
the company launched its inaugural Youth Energy Summit (YES), an
immersive experience for 35 rising high school juniors and seniors
interested in pursuing careers in energy. Hosted at the University
of Maryland, Baltimore County, YES offered hands-on STEM learning
and trips to Constellation’s Calvert Cliffs Clean Energy Center and
Conowingo Hydroelectric Dam. In addition to the summit experience,
interested students have been matched with a Constellation mentor
to support them as they explore careers in clean energy.
The Foundation also supports the company’s Powering Change
initiative, in which it partners with regional and national
nonprofit organizations dedicated to breaking down employment
barriers for people in historically underserved and
underrepresented communities. Constellation teamed up with five
organizations in Powering Change’s first year.
Additional notes from Constellation’s 2023 giving and
volunteerism include:
- Company and Foundation giving increased by 70%
year-over-year.
- Eighty-one percent of the company’s $8.1 million in direct
grant funding supported organizations, programs or events that were
targeted specifically to diverse populations.
- The company provided direct community support across 31 states
and Washington, D.C. with 83% of company philanthropic giving
supporting Maryland, Illinois, New York, Pennsylvania and Texas,
the states comprising Constellation’s largest operational, employee
and customer footprints.
- Employee volunteer hours increased by 28% from 2022 to
2023.
To learn more about the company’s philanthropic efforts,
including the Constellation Foundation, please visit
www.constellation.com/community
About Constellation
A Fortune 200 company headquartered in Baltimore, Constellation
Energy Corporation (Nasdaq: CEG) is the nation’s largest producer
of clean, carbon-free energy and a leading supplier of energy
products and services to businesses, homes, community aggregations
and public sector customers across the continental United States,
including three fourths of Fortune 100 companies. With annual
output that is nearly 90% carbon-free, our hydro, wind and solar
facilities paired with the nation’s largest nuclear fleet have the
generating capacity to power the equivalent of 16 million homes,
providing about 10% of the nation’s clean energy. We are further
accelerating the nation’s transition to a carbon-free future by
helping our customers reach their sustainability goals, setting our
own ambitious goal of achieving 100% carbon-free generation by
2040, and by investing in promising emerging technologies to
eliminate carbon emissions across all sectors of the economy.
Follow Constellation on LinkedIn and Twitter.
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Dave Snyder Constellation Communications 667-218-7700
david.snyder@constellation.com
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