PG&E’s triple bottom line

At PG&E, we’re focused on delivering on our goals and our triple bottom line approach of serving people, the planet, and California’s prosperity—rooted in strong and sustained operational performance.

We embrace our purpose of delivering for our hometowns, serving our planet, and leading with love as we work to earn the trust of everyone who relies on us. This includes our commitment to building a clean, safe, and resilient energy system that meets the climate challenges of tomorrow.

Across our company, our Lean operating system continues to drive savings systemwide and helps us better deliver for our hometowns. This business approach focuses on greater visibility and ownership where the work is happening, allowing us to get more done with our customers’ dollars without compromising safety.

At the same time, we’re keeping our eyes on the horizon through PG&E’s True North Strategy, which represents our 10-year enterprise strategy that sets a clear strategic vision toward achieving our purpose and our climate commitments.

Materiality

PG&E completed its third materiality assessment on corporate sustainability in 2022—a strategic project to help us identify issues that are important for the long-term sustainability of our business and delivering on our commitment to the triple bottom line.

Led by a third-party organization, the materiality assessment¹ integrated input from both members of our team and external stakeholders to capture perspectives and expectations, along with significant business and industry research and analysis to incorporate factors related to PG&E’s operating environment.

1. This is different from financial materiality, as defined by the U.S. Securities and Exchange Commission. The inclusion of information in our Corporate Sustainability Report is not a characterization regarding financial materiality.