As the world’s largest private-sector coal company, we are proud to deliver one of the world’s most abundant, affordable and reliable sources of energy. Peabody’s coal fuels electricity generation for expanding economies and is an essential ingredient in steel manufacturing required by today’s rapid urbanization.
For more than 134 years, Peabody Energy has been powering progress with energy to sustain life and grow economies. As the world’s largest private-sector coal company, we are proud to deliver one of the world’s most abundant, affordable and reliable sources of energy. Peabody’s coal fuels electricity generation for expanding economies and is an essential ingredient in steel manufacturing required by today’s rapid urbanization.
Peabody is a leader in sustainable mining, energy access and clean coal solutions — what we call “Coal Done Right.” We also have advanced core components in our Investment Principles for Best-in-Class Coal Companies, which were developed to provide distinguishing elements to assist the investment community in making portfolio decisions. Over the past 10 years, the company has earned 260 honors for safety, corporate and environmental excellence.
Safety is Peabody’s first value and a leading measure of operational excellence. The company has an extensive safety and health management system, a track record of steady improvement, and a vision of zero safety incidents of any kind. In 2016, the company set a new record for safety with our global incidence rate representing a 35 percent improvement over the past five years. In addition, we were the first company to receive certification under the National Mining Association’s CORESafety program.
Sustainability is another core value. We take responsibility for the environment, benefit our communities and restore the land for generations that follow. Last year the company restored nearly 4,300 acres of mined lands into rangeland, wildlife habitat, hardwood forests, prime farmland and wetlands.
Peabody has long advocated clean coal technologies to reduce carbon and other emissions, and the company has invested hundreds of millions of dollars in clean coal projects and partnerships. We recently launched our Position on Energy and Climate Change, which outlines our technology-based approach to using the world’s coal resources to achieve the three-part goals of energy security, economic progress and environment solutions.
We believe that emissions progress for coal begins with deployment of high-efficiency, low-emissions power stations using technology that is available now. Longer-term investments in next-generation carbon capture, use and storage technologies are necessary to transition to the ultimate goal of near-zero emissions from coal-fueled power.
Peabody and its approximately 6,700 employees are proud to deliver sustainable energy solutions that improve the quality of life for millions around the globe.