Entergy 2015 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2015 Entergy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 79

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79

47
Clear vision, clear progress.
2015 Integrated Report
Risk Management
We use an integrated risk management framework that extends from board oversight to risk identification and
assessment at the business unit level. The framework ensures risks are consistently identified, thoroughly
assessed and effectively managed throughout our business. The audit committee of the board of directors
has primary responsibility for risk management at Entergy at the board level. Our management team provides
regular reports to the committee on compliance, significant legal matters, insurance programs, environmental
risks, and credit and market risks. Within our utility and EWC businesses, we analyze and monitor a full range
of economic, environmental and social risks using our enterprise risk management process.
We use business continuity planning to establish actions that would
ensure continuity and eventual full restoration following a business
disruption. Continuous operation of our business depends on our
ability to maintain the safety and security of all Entergy assets,
employees and operations. We continue to take steps to harden
assets against security threats and engage with local, state and
federal law enforcement agencies on initiatives to share threat
information. We have a cyber incident response plan in place to
help mitigate threats that place sensitive business and customer
information at risk. To mitigate the physical risks associated with
extreme weather events, we have a storm hardening process in
place to prioritize investments. We also use proven emergency
preparedness and response and stakeholder outreach processes.
Our enterprise risk process for major initiatives provides a disciplined approach to the identification,
monitoring and mitigation of top-tier risks to achieving our strategic imperatives, as well as the
aggregation of these risks at an enterprise level.
ENVIRONMENTAL
We account for risks related to greenhouse gas emissions in our business
planning process, using our expectations on future carbon prices and
compliance costs for other potential environmental requirements to
test business planning decisions. Since 2001, Entergy has operated
under voluntary commitments to stabilize our CO2 emissions as part of
our efforts to reduce our environmental footprint, manage the physical
risks of climate change and gain valuable experience in carbon
accounting in anticipation of federal regulation of carbon emissions. Our
current commitment is to maintain CO2 emissions from Entergy-owned
power plants and controllable power purchases through 2020 at
20 percent below year 2000 levels. Our greenhouse gas inventory
is verified by a third party. Through 2015, our cumulative emissions
are more than 9 percent below our 2001–2015 target.
ENVIRONMENTAL/RECOGNITION
Entergy was named to the 2015 Climate “A” List of S&P 500 leaders in climate performance –
the only U.S. utility on the CDP list.
Governance
629.9 691.6
1,094.5
904.4
1,647.6
Cumulative CO2 Emissions
from Entergy-Owned Plants
and Controllable Purchases
Million Tons
CUMULATIVE EMISSIONS 2001-2015
CUMULATIVE GOAL 2001-2015
“BUSINESS AS USUAL” CASE 2001-2015
CUMULATIVE GOAL 2001-2020
“BUSINESS AS USUAL” CASE 2001-2020