About This Report
People want to know different things when they think of Dominion Energy. Investors and employees want to know how the company is performing financially. Customers want to know if bad weather will bring power outages. Job-seekers want to know if Dominion Energy is a good place to work that welcomes all talented workers and respects diverse communities. Our neighbors want to know how the company treats the natural landscape and whether nearby Dominion Energy operations are safe. Regulators and government officials want to know how the company is complying with its legal obligations. The communities in which we operate want to know how the company is supporting their needs. And the list doesn’t end there.
This report addresses those matters deemed to have a material impact as defined by the Global Reporting Initiative’s (GRI) sustainability reporting standards, and the report has been prepared in accordance with the GRI’s core standards. As defined by those standards, material topics are those that “reflect the … organization’s significant economic, environmental, and social impacts; or substantively influence the assessments and decisions of stakeholders.” The topics covered in this report were developed using the strategy described below to understand what is important to our stakeholders, and we crafted the report to address those topics.
Dominion Energy pursues a strategy of nearly continuous stakeholder engagement through a wide variety of means. Those include correspondence with shareholders; scrutiny of external documents that convey stakeholder perspectives; internal and external surveys; monitoring of media coverage; interviews with employees who regularly interact with external stakeholders; public hearings; town halls; and more.
We tapped into those interactions to conduct a formal materiality assessment in 2017. An independent third party helped us collect this feedback from internal and external interviews, meetings with customers and community meetings, employee and customer surveys and investor engagement to provide a potential list of issues to address in the report. A cross-functional team within the company then narrowed the focus to the material topics using input from our stakeholders about the importance of the topic discussed in this report.
Dominion Energy conducts business in 19 states (see: About Us), and those states define the boundary of the company’s impacts, with two exceptions: (1) carbon dioxide and methane emissions, which contribute to climate change, and whose impacts are global; (2) our customers, suppliers and investors, which are spread across the country (and, in certain cases, extend far beyond it).
The current report covers calendar year 2017 and much of 2018. Our previous report, which came out in March, 2018, covered a period spanning 2016 and part of 2017. In this report, major sections contain tables showing targets for 2018, with a status update for each target. Those targets, delineated in and drawn from the previous report, cover calendar 2018 and in most cases do not cover activity outside that specific calendar year. While we have relied on third-party input to help compile the report, the report has not been third-party assured. This report includes data that reflect the acquisition of Questar Corporation in 2016. There have been no other significant changes to the organization, its capital structure or its supply chain structure during the reporting period covered.
In the interest of even greater transparency, an index appears at the end of this report cross-referencing the topics covered with the relevant GRI standards. A second index cross-references the material topics to the United Nations Sustainable Development Goals. You can find the index elsewhere in this section.
Please direct all feedback, including any questions, to: sustainability@DominionEnergy.com