Consolidated Edison, Inc. (ED) — ESG & Values Scores

Environment story

Consolidated Edison operates as a regulated utility with mixed environmental performance. The company has disclosed commitments to decarbonization aligned with New York State's clean energy goals, but lacks a clearly disclosed net-zero target year and Scope 3 emissions trajectory. Renewable electricity penetration is increasing through regulatory mandates, but the company relies heavily on gas distribution and steam operations. Environmental controversies are minimal in disclosed filings, though the company's gas infrastructure and ongoing fossil fuel operations present material climate transition risk. Carbon offsets reliance is undisclosed; physical infrastructure investments in grid modernization and renewable integration are documented.

Criticisms on file

Undisclosed Net-Zero Target Year: Company has not disclosed an explicit net-zero emissions target year in 10-K or proxy materials
Source: ED 10-K FY2025, ED Proxy Statement 2026
Scope 3 Emissions Undisclosed: No quantitative disclosure of Scope 3 (customer usage) emissions or trajectory; material for gas utility
Source: ED 10-K FY2025
Gas Infrastructure Expansion: Company continues gas transmission expansion (Mountain Valley Pipeline investment interest) despite climate commitments
Source: ED 10-K FY2025 - Mountain Valley Pipeline LLC disclosures

Disclosed initiatives

New York State Clean Energy Goals Alignment

Company actively supports New York State's clean energy objectives and reports engagement with stockholders on this topic; participating in transmission opportunities and renewable energy integration

Positive: Regulatory mandate-driven decarbonization pathway; material capex allocation to grid modernization
Grid Modernization and Resilience

Investments in advanced metering infrastructure, distribution system upgrades, and physical resilience to climate impacts

Moderate: Operational emissions reductions and climate adaptation; capex-intensive
Energy Storage and Distributed Energy Resources

Company investing in battery storage and distributed solar/wind integration; reported as 'Energy Storage' segment in filings

Positive: Supports renewable integration and grid decarbonization; scale material but not disclosed quantitatively

Social story

Consolidated Edison demonstrates moderate social governance. The company has documented diversity and inclusion initiatives, union relationships are stable (International Brotherhood of Electrical Workers represents significant workforce), and employee safety is a stated priority. CEO-to-median-worker pay ratio appears reasonable but is not explicitly disclosed. No major labor disputes or union suppression activities are documented in recent filings. Leadership diversity has improved but transparency on executive/board representation percentages for underrepresented groups is limited. Supply chain labor practices are undisclosed, creating visibility gaps on human rights due diligence.

Criticisms on file

CEO-to-Median-Worker Pay Ratio Undisclosed: Specific pay ratio not disclosed in proxy statement materials provided
Source: ED Proxy Statement 2026
Supply Chain Labor Practices Undisclosed: No detailed disclosure of supply chain audits, conflict minerals sourcing, or vendor labor standards enforcement
Source: ED 10-K FY2025, ED Proxy Statement 2026
Leadership Diversity Metrics Undisclosed: No specific percentages disclosed for women or underrepresented group representation in executive or board leadership
Source: ED Proxy Statement 2026 - board composition described qualitatively without numeric diversity metrics

Disclosed initiatives

Diversity, Equity and Inclusion Program

Company has stated DEI commitments including diverse hiring practices, supplier diversity programs, and employee resource groups; specific metrics and program details not disclosed in provided filings

Positive: Formalized approach; measurable outcomes not transparent
Human Rights Statement

Company published a Human Rights Statement affirming commitment to ethical business conduct, compliance with labor laws, and standards for vendors and employees including Standards of Business Conduct and Vendor Standards of Business Conduct

Positive: Policy framework exists; enforcement and audit mechanisms undisclosed
Employee Safety and Health Programs

Safety, Environment, Operations and Sustainability Committee oversees employee safety; company reports this as material governance focus

Positive: Board-level oversight; specific incident rates and safety metrics undisclosed in proxy/10-K excerpts
Energy Affordability Programs

Company offers customer assistance programs for low-income and vulnerable populations; discussed as part of social responsibility

Positive: Addresses energy poverty and bill affordability

Governance story

Consolidated Edison demonstrates solid governance practices aligned with NYSE standards. The Board is 91% independent (10 of 11 directors), conducts annual self-assessments, maintains an independent Lead Director, and has adopted proxy access provisions. Single-class share structure (no dual-class voting). Board meets executive sessions at least three times annually. Lobbying activities are actively disclosed and tracked; company achieved 100/100 CPA-Zicklin Index score for political disclosure for five consecutive years. No material antitrust, SEC enforcement, or significant regulatory proceedings disclosed in recent filings. Risk oversight programs include cybersecurity and enterprise risk management. Compliance safeguard: proxy materials use descriptive, analytical language without investment advice.

Criticisms on file

No Material Antitrust or SEC Compliance Actions Identified: No significant fines or enforcement proceedings disclosed in recent filings
Source: ED 10-K FY2025

Disclosed initiatives

Independent Lead Director

Board maintains an independent Lead Director serving as Chair of Corporate Governance and Nominating Committee with defined duties including executive session leadership and liaison between independent directors and management

Positive: Ensures independent oversight; addresses CEO-chair potential conflicts
Political Lobbying Disclosure and Accountability

Company actively discloses lobbying expenditures and political contributions; publishes detailed political activities reporting; achieved sustained perfect score (100/100) on CPA-Zicklin Index for Corporate Political Disclosure for five consecutive years through 2025

Positive: Transparency and accountability in political engagement; stakeholders can monitor alignment with stated ESG commitments
Board and Committee Self-Assessment

Annual formal self-evaluation process for Board and each committee; Corporate Governance and Nominating Committee coordinates; results reviewed and follow-up actions determined

Positive: Continuous governance improvement mechanism
Cybersecurity Risk Oversight

Board and Audit Committee actively oversee cybersecurity risk management; company complies with regulatory requirements and monitors emerging standards

Positive: Material risk category addressed at board level
Proxy Access Provisions

Company By-laws enable stockholders holding 3% of shares for three years to nominate director candidates (up to greater of two nominees or 20% of board) for inclusion in proxy materials

Positive: Stockholder rights enhancement; alignment with governance best practices

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Consolidated Edison, Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Consolidated Edison, Inc. in the app for interactive charts and portfolio building.

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