PG&E completed its first materiality assessment on corporate sustainability in 2014—a strategic project to help us identify topics that are material to the long-term sustainability of our business. Conducted in coordination with PG&E’s strategic planning process, the materiality assessment integrated input from our stakeholders, identified opportunities and risks, and sharpened our corporate sustainability strategy and reporting.
While we continue to engage our stakeholders on these issues, we recognize that PG&E’s materiality matrix captured a snapshot in time. Because our operating climate continues to evolve, we plan to refresh the assessment by 2018.
PG&E’s materiality assessment identified 18 issues. Every issue is material to PG&E’s long-term sustainability, regardless of its placement on the matrix.
Use the dropdown menu to view all 18 issues, then click on an item in the list to view the definition of that issue and the other issues that are interconnected to it.
Contributions to local communities through business assets (e.g. job creation through supplier diversity) and civic engagement (e.g. philanthropy, disaster relief).
Technologies that enable energy transformation including smart grid, energy storage, and electric vehicles, as well as tools for customer engagement and energy management.
Effective management of the company’s environmental, supply chain, energy supply, facilities, and other operational impacts related to pollution, waste management, land use and habitat protection, and biodiversity.
Managing and investing in reliable gas and electric infrastructure to provide consistent energy supply, balancing customer and investor interests, and preparing for earthquakes, wildfires, and future climate change impacts.
The company’s management and choices related to the portfolio of non-renewable sources used for energy supply, including large hydroelectric, natural gas, and nuclear energy.
Safe operations, accident prevention, and company management of the impacts of energy generation, transmission, and distribution on long-term public safety.
Our materiality assessment provided important, actionable insights into our stakeholders’ priorities and our own business risks and opportunities. We continue to integrate these insights into our work. For example, we structured this report to highlight our strategy and performance on the issues deemed most material in the assessment.
Key insights of the materiality assessment included:
Reinforced our focus on the basics of our business. The assessment showed that safety, reliability, affordability and customer engagement are top priorities both for PG&E and our external stakeholders—and continue to be foundational issues.
Showed interconnections among issues. For example, the assessment illustrated that enabling technologies—such as those related to the smart grid, energy storage, electric vehicles and customer energy usage data—present many opportunities for PG&E and are connected to issues ranging from customer engagement to renewable energy. Water was also notable in its interconnections to other issues, such as the reliability of our energy supply, including our extensive hydroelectric system. This interconnectivity continues to provide insight into how we might approach issues in a more integrated way.
