ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Community and Philanthropic Outreach Through positiveNRG

By: 3BL Media

SOURCE: NRG Energy

DESCRIPTION:

PositiveNRG is our company’s philanthropic giving program. It helps to build our culture by creating a workplace that empowers employees to support communities, causes, and organizations that they elect to champion through donations of their time and/or money. The platform offers multiple touch points, which allow for engagement with non-profit organizations and internal employee team building.

During 2020, in an effort to safely engage our employees while also meeting our philanthropic goals, we reimagined our annual company-wide volunteer week. With more than 90% of the NRG workforce in a 100% virtual environment, it was important to reinforce our Power Value of collaboration and reignite employees’ feelings of joint purpose and connection. During this “reimagined” positiveNRG Week, employees were placed in small groups and provided a series of light-hearted, physical, and mind-bending tasks, allowing them to interact and engage with colleagues. Separately, we conducted a socially- distanced food drive, and donated the money allocated to our annual volunteer week to 15 food banks across 8 states. PositiveNRG also sponsors and helped double the number of Business Resource Groups, which enable employees to share and receive support from their colleagues.

We also committed $2 million in charitable contributions to fund relief efforts in connection with COVID-19, which included providing urgently needed safety equipment and funds to aid local communities and teachers.

Sun Club®
In 2020, Sun Club, the charitable outreach arm of our Green Mountain Energy retail brand, surpassed $10 million in cumulative grant giving — directed by its customers — since its inception in 2002. With $1.4 million invested in local communities and environmental groups in 2020, more than 4 million pounds of CO2 were prevented from being released in the air. By funding sustainable solutions, conservation initiatives, and educational programs, Sun Club is helping nonprofit organizations create a cleaner planet for us all. A total of 11 funded projects were completed in 2020, including:

  • Avenue: Support to this Houston-based organization included funding for its first-ever electric vehicle, along with a new 30 kW solar array, 35.2 kW parking canopy array, and an EV charging station to help promote sustainability in all forms — community, economic, and environmental
  • Essex Heritage: Sun Club’s first Massachusetts- based project (Salem, MA) brings an off-the-grid solar system to the Bakers Island lighthouse in an historic area hosting 2.7 million visitors

XOOM Energy
XOOM has a continuing charitable outreach component — when customers sign up, they can choose to designate a charity to receive 5% of their monthly energy charges. In 2020, XOOM Energy sent more than $300K to two local charities:

Business Solutions
Through the “GreenRoots” program, business customers who enroll in a demand response program have a tree planted in their name through a partnership with the Arbor Day Foundation. Since its inception in 2008, more than 30,000 trees have been planted on behalf of U.S. customers, including 5,000 in 2020.

econrg
Our econrg outreach promotes ecological stewardship among plant employees with initiatives aimed at improving environmental awareness and education. In 2020, these employees participated in 47 voluntary econrg projects and NRG facilities donated more than $14,000 to benefit the environment and provided $24,500 in scholarships to students expressing interest in these environmental studies programs:

  • Biodiversity: invasive species removal, stocking native fish in local waterways, protection of native vegetation, supporting eagle survey activities
  • Community: tree planting, educational outreach to local schools and communities; shoreline and public area clean-ups along streams, rivers, and lakes; and public space invasive species removal
  • Resource reduction, reuse, and recycling: energy efficiency improvements, solar-powered lighting, LED lighting, community recycling drives and recycling of oils and metals

Student Conservation Association (SCA)
For over 60 years, SCA has been the leader in teaching youth how to conserve our planet. With support from NRG, SCA engaged over 850 youth, alumni, employees, and community members across the nation in 2020 through online conservation education and virtual programming. 

Read more in NRG Energy's 2020 Sustainability Report

Tweet me: Read about @NRGenergy's community and philanthropic outreach through #PositiveNRG: https://bit.ly/3zgQn5c

KEYWORDS: NYSE: NRG, NRG Energy Inc., positiveNRG

Recent Quotes

View More
Symbol Price Change (%)
AMZN  249.10
+0.00 (0.00%)
AAPL  275.25
+0.00 (0.00%)
AMD  237.52
+0.00 (0.00%)
BAC  53.63
+0.00 (0.00%)
GOOG  291.74
+0.00 (0.00%)
META  627.08
+0.00 (0.00%)
MSFT  508.68
+0.00 (0.00%)
NVDA  193.16
+0.00 (0.00%)
ORCL  236.15
+0.00 (0.00%)
TSLA  439.62
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.