This year, our Sustainability Report focuses on our organization’s “purpose-driven impact.” That sounds catchy. It has a nice ring to it. It was obviously thought of by someone much better at writing than I am. And although it’s easy to read these words on the cover of the report and then move on, it’s important to note that this theme deeply reflects the work we do at Franklin Energy.
I say quite often that what sets Franklin Energy apart is that we are purpose-driven at our core. Our people are united by common purpose to better the communities in which we live and the planet. We believe in what we do, and we are proud of the results we achieve. The impact we make—with our clients, the customers that we serve, the communities where we operate, and the planet—is something to be proud of. That impact is the result of all of us, everyone from field technicians to accountants to marketing experts to yours truly, working together to achieve our purpose: to boldly change our energy future. Here’s a glance at how we made a purpose-driven impact this past year:
In 2022, we distributed more than $173 million in incentives to customers on behalf of our clients. Of that, $55 million went to low-income customers.
Our work also generated over $700 million in economic activity. Which also led to the creation of over 3,500 jobs in local communities.
The lifetime savings of the work that we did in 2022 is equal to 22.3 billion (BILLION!) kWh of electricity, 1.8 billion therms of natural gas, and 52.7 billion gallons of water. That’s equivalent to powering 183,000 homes, taking 145,000 cars off the road, and filling 80,000 Olympic-sized swimming pools.
The equivalent carbon reduced by our work in 2022 is 1.7 million metric tons each year. That is an estimated lifetime equivalent of over 21 million metric tons of carbon that is NOT going into the atmosphere. What an impact!
These numbers are staggering, but, to me, not surprising. We are a team of people dedicated to our purpose, and purpose-driven people settle for nothing less than creating a major impact.
It is also important to note that we are purposeful not only in achieving results for our clients and their customers, but also in how we conduct our own business. We are working hard to shrink the footprint created while we do our work, and in 2022, despite a post-pandemic return to full-scale operations and a growing fleet, we managed to reduce our scopes 1 and 2 footprint (our impact created by our operations) by over 12%. This puts us well on our way to achieving our goal of net-zero carbon emissions across scopes 1 and 2 by 2025.
We believe that a purpose-driven impact starts from within the organization and radiates outward, which is why we set and achieved additional goals around safety, DEI&B (diversity, equity, inclusion, and belonging) and serving local communities. Looking holistically at all the results from the past year, it’s easy to see the caring, purpose-driven heart of Franklin Energy.
So, how do you sum it all up? Purpose-driven impact. It is because of our purpose that we do what we do. It is because of our purpose that our impact is so significant and spans so broadly. The proof is all there, in our 2023 Sustainability Report. If you’re looking for some inspiration, check it out.