Boston, MA 05/21/2014 (wallstreetpr) – The Corporate Accountability Report for the year 2014 was released by the American Electric Power Company Inc (NYSE:AEP) on May 8, 2014. The report shows the business performance of the company along with the structure of its strategy. A special feature of the report is that it comes along with an application which will be made accessible on iTunes.
The Corporate Accountability Report
This was the eighth report of American Electric Power Company Inc (NYSE:AEP). The report presented the sustainable performance of the company. The 2014 report was also the 5th integrated report which comprised of sustainability and financial information altogether. The directive of this report of the company is “Global Reporting Initiative, the International Integrated Reporting Council and the Sustainability Accounting Standards Board.”
Statement from the CEO
The CEO, Chairman and President of the company, Nicholas K. Akins explained that the Corporate Accountability Report of the company identified relation between the employee health, engagement as well as environmental responsibilities along with the business performance. The CEO explained that the purpose of the report was to provide a transparent account of the company to its stakeholders and at the same time identify the social implications of the actions.
Highlights of the Report
The report highlighted its performance on a few areas and these were:
- Business Performance
- Innovation and Technology
- Customers
- Communities
- Staff
Financial performance of the company in the year 2013 was highlighted in the report and the main points were as follows:
- The company’s earnings per share were $3.23
- The employees, in the year 2013, executed sustainable process advancements.
- The employees contributed in a great way towards reshaping the culture of the company as customer-focused.
- The employees completed the second year back to back without any fatalities.
- The environmental performance of the company was recognised as the best one in the history.
- American Electric Power Company Inc (NYSE:AEP) invested approximately $10 billion in environmental controls as well as a new generation in the past decade.
- The carbon dioxide discharge of the company was brought down by 21%, especially between 2005 and 2013.
- American Electric Power Company, additionally, also chopped off the sulphur dioxide and nitrogen oxide emanation by more than 80% in the past 10 years.
- Additionally, the company also reduced the mercury emissions by almost 60% since the year 2001.
