2022 CC Transition Report Spreads Flat Final - Flipbook - Page 9
Southern Company’s Just Transition Principles
Effective governance
Community and environmental commitment
> Southern Company’s Board of Directors and the Boards of Directors of our operating companies
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e are committed to helping our local communities remain economically vibrant and healthy.
oversee climate-related risks, including our fleet transition and issues such as impact to employees,
communities and customers. Southern Company’s executive vice president of Operations and the
CEOs of each of our electric operating companies have primary executive oversight of our fleet
transition, including regular reporting to the Board of Directors. In addition, the senior production
officers for each electric utility have direct responsibility to uphold our Just Transition Principles.
This includes working closely within their operating companies in areas like economic development,
finance, human resources and labor relations.
This may include working with state and local authorities to mitigate potential economic impacts
of retirements through, for example, property tax agreements, economic development and
site redevelopment.
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e embrace the importance of preserving and protecting our world as we transition our fleet in an
environmentally responsible way. Southern Company’s policy is to conduct business, including the
transition of generation sites, in ways that are protective of the environment and community. The fair
treatment and involvement of our neighbors and customers, including those who are minority or lowincome, is essential to support sustainable communities and minimize adverse impacts.
Stakeholder engagement and transparent communication
> We place great importance on consistent, proactive dialogue with all our stakeholders. We are
receptive to stakeholder concerns, and we are committed to timely and transparent communications
regarding generation retirements and our pathway to decarbonization.
> We seek to balance the interests of a wide range of stakeholders and our business realities to help
ensure our ability to provide the clean, safe, reliable and affordable energy that powers millions of
homes and businesses and our local economies.
Safety, reliability, resilience and affordability
> A safe, reliable, resilient and affordable energy system is central not only to our company and mission,
but also to the future of energy. As we seek to decarbonize, Southern Company is dedicated to
planning for a new energy future that can deliver clean energy while also maintaining safety, reliability,
resiliency and affordability.
> We provide rigor in our asset evaluations and decisions through our scenario planning process and
filings with state and federal regulators. In concert with our recommendations and decisions, we
consistently communicate with potentially affected stakeholders, including employees, internal
and external labor, policymakers, local leaders, communities and investors throughout the process.
> We are committed to working with leaders at all levels of government to enact policies that support
training, workforce development and job-creation opportunities for workers that have been impacted
by our fleet transition.
Employee support and coordination with labor unions
> We are dedicated to providing job opportunities, training and education assistance to enable both
our union and nonunion employees to thrive over the long term. We also work in concert with labor
representatives, contractors and suppliers on numerous new and emerging job opportunities and
training initiatives.
Plant McDonough
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Just Transition Report
Just Transition Report
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