CHARLOTTE – Duke Energy will reduce carbon emissions by 50 percent by 2030 and plans to achieve net-zero methane emissions from its natural gas distribution business by 2030, the company said in its 2020 Sustainability Report, released today.

In addition, the company anticipates that it will continue to expand its use of renewable energy, expecting to triple the amount of renewable energy it produces from company power plants by the end of the decade from its current rate of 7 percent to 23 percent by 2030.

“Duke Energy has a clear line of sight to reduce our carbon emissions by at least 50% by 2030 and is making terrific progress to achieve net-zero carbon emissions by 2050,” said Katherine Neebe, Duke Energy’s
vice president, national engagement & strategy, chief sustainability officer and president, Duke Energy Foundation. “This next decade will also be our biggest ever for incorporating thousands of megawatts of new renewable energy generation into our portfolio.”

For the first time in its reporting–the company has issued 14 previous sustainability reports–Duke Energy shared employee diversity data, which the company noted is also filed with the Equal Employment Opportunity Commission.

In addition, the company announced a new brand for its nonregulated commercial renewables business – Duke Energy Sustainable Solutions, which the company says will unify products and services offered by several of its subsidiary companies, including Duke Energy Renewables, REC Solar and Duke Energy One.