Our Values
Our core values are fundamental to who we are.
We do what is right. We do it well. We do it together. Doing so helps ensure we maintain trust with those who matter most: customers, employees, communities, regulators, investors, and other stakeholders. We know actions speak louder than words, so we deliver on our commitments.
At a Glance
Where We Work
(As of September 28, 2022)
Gray map of the USA, reads Richmond, Va.
Highlighted in blue are the following states: idaho, wyoming, utah, colorado,arizona, california, texas, georgia, south carolina, north carolina, virginia, west virginia, ohio and connecticut.
Core Values
Safety
Our first and most important goal is to send every employee home safe and sound, every day.
Ethics
We do not take shortcuts when reaching for our goals and fulfilling our obligations. Our reputation depends on ethical behavior.
Excellence
We work towards continuous improvement in all areas of our business.
Embrace Change
By welcoming new ideas, Dominion Energy champions innovation. Through innovation, we will continue to prosper in the years ahead.
One Dominion Energy
Our shared mission and purpose transcend organizational boundaries. Teamwork leads to strong, sustainable performance.
Our values define who we are. They are fundamental to our culture and strategy. They help create an environment for long-term success.
Safety
Safety is our foremost concern. Nothing matters more than the well-being of our colleagues, customers, and communities. While our work is essential, our focus on safety enables us to keep doing that work. We reinforce its importance relentlessly through safety moments at meetings, companywide safety messages from executives, monthly safety reports to all employees, and much more. From 2017 through 2021, we cut our OSHA recordable injury rate 29%. At 0.46 for 2021, our rate was less than one-third the industry average of 1.50. But we will not be satisfied until no one gets hurt, ever.
We took several measures to improve safety in 2021. These include:
- Pandemic management policies such as:
- Offering COVID-19 vaccinations free of charge at company clinics and giving employees a $1,000 bonus to get vaccinated;
- Providing expert medical guidance to answer employee questions about vaccine safety and efficacy;
- Extending remote work and company travel restrictions during the extended period of the pandemic;
- Implementing workplace health and safety protocols concerning masks and other measures to align with evolving guidance from the Centers for Disease Control and Prevention;
- Incorporating into our annual incentive plan the requirement to develop and implement an innovative safety solution at both the business-unit and enterprise level, and another requirement focused on reducing the incidence of serious injury; and
- In South Carolina, employees began using a new 811 Compliance app to help reduce damage to buried gas lines. Thanks to these and other efforts, the two-year period spanning 2020 and 2021 saw a 16% reduction companywide in third-party damage — the leading cause of damage to buried gas lines. When a gas line is damaged, natural gas can leak into the atmosphere, creating potentially hazardous conditions in the surrounding neighborhood.
For more on this topic, visit our “Safety” section.
Key Stats
(For the year ending December 31, 2021, unless otherwise noted.)
Environmental
46%
Reduction
in carbon emissions, 2005-2021
38%
Reduction
in methane emissions, 2010-2021
~2.2
Gigawatts
of solar generation capacity
47%
reduction
in fresh water withdrawn per megawatt generated since 2000
Largest
offshore wind farm
under development in the United States — 2.6 gigawatts, enough to power 660,000 homes at peak output
Largest
renewable natural gas partnership
in the United States, focused on reducing methane emissions from the agricultural sector
Social
29%
Reduction
in OSHA-recordable injury rates 2017-2021
$1B
Spent
with diverse suppliers — a 24.5% increase over 2020
57.5%
diverse
hiring rate
35.5%
diverse
workforce representation — a more than 2 percentage-point increase in two years
$48.6M
Contributed
to address human needs and support education, the environment, and more, including
- $14.4 million for energy assistance
- $22.2 million from the Dominion Energy Charitable Foundation to support human needs, environmental stewardship, education, community vitality, and social justice
- $5.8 million for the HBCU PromiseSM and the Dominion Energy Educational Equity Scholarship program
Financial
$3.29B
reported earnings
$63.6B
market cap
#257
on Fortune 500
(2022 ranking)
Up To $73B
Potential investment
in decarbonization initiatives from 2022 through 2035
Governance
38%
Gender And Ethnic Diversity
on Board of Directors
(as of September 1, 2022)
92% +
Independent
across the Board of Directors
(as of September 1, 2022)
7.2 Years
Average Tenure
on Board of Directors
(as of September 1, 2022)
62%
of Board Members
have experience in managing or overseeing environmental, climate, or sustainability practices, or understanding of environmental policy, risks, regulations, and compliance obligations
Board-level
Sustainability and Corporate Responsibility Committee
Executive-level
Climate Council
Awards and Recognition
World’s Most Admired Companies 2022
FortuneBest Employers for Women
Forbes (2022)Best Employers for Diversity
Forbes (2022)100 (perfect score)
Human Rights Campaign Corporate Equality Index (2022)
Best Places to Work for LGBTQ+ Equality
Human Rights Campaign (2022)
Best Employers for Veterans
Forbes (2022)Top 10 Military Friendly Employers
G.I. Jobs (2022)Military Friendly Supplier Diversity
G.I. Jobs (2022)Military Spouse Friendly Employer
G.I. Jobs (2022)
Best for Vets Employer
Military Times (2021)
HIRE Vets Medallion (Platinum)
U.S. Department of Labor (2021)
Excellence in Workplace Diversity & Inclusion
South Carolina Chamber of Commerce
2022 Women’s Business Center of Richmond Corporate Leadership Award
2022 Carolinas-Virginia Minority Supplier Diversity Council National Corporation of the Year
2022 Women’s Business Enterprise Council – Greater DMV Outstanding Corporation of the Year
Ventus Award
for supply-chain achievement from the Business Network for Offshore Wind
Safety Achievement Award
from the American Gas Association for lowest employee days away, restricted duty, or transferred (DART) rate among companies of similar size and type (based on 2020 performance – awards received in 2021) — Dominion Energy Ohio
Industry Leader in Accident Prevention Award
from the American Gas Association for below-industry-average DART rate below industry average for company size and type (based on 2020 performance – award received in 2021) — Dominion Energy Utah, Wisconsin, Idaho; Dominion Energy North Carolina; Dominion Energy West Virginia
Total Company Safety Award
Southeastern Electric Exchange (Dominion Energy Virginia, Dominion Energy South Carolina)
Emergency Response Award
Edison Electric Institute (for 2020 recovery and assistance efforts in response to Hurricane Isaias — award received in 2021)
Emergency Response Award
Edison Electric Institute (for 2021 recovery and assistance efforts in response to two devastating ice storms)
Most Trusted Business Partner 2021
Escalent Market Research (Dominion Energy North Carolina, Dominion Energy Virginia)
Business Customer Champion 2021
Escalent Market Research (Dominion Energy Ohio, Dominion Energy West)
Third-Party ESG Assessment
Dominion Energy's independent 3rd party scoring reflects best-in-class ESG performance
Chart shows 5 segments, as follows: CDP Climate as of December 2021, Leadership band, Dominion Energy A-, Sector Average B. CDP Water as of December 2021, Leadership band, Dominion Energy A-, Sector Average B. MSCI as of December 2021, Leader, Dominion Energy AA, Sector Average BBB. Sustainalytics as of June 2022, Lower score is better, Dominion Energy 25, Sector Average 27. CPA-Zicklin as of November 2021, Trendsetter, Dominion Energy 94, Sector Average 81.
Note: CDP sector average reflects Thermal Power Generation sectior; MSCI sector average n=139; CPA Zicklin utility average n=28