Economic and Corporate Responsibility
Rapid industrialization, modernization and urbanization are lifting hundreds of millions of people around the world to a better quality of life and driving enormous energy demand. The world continues to turn to coal to meet the need.
Coal has been the fastest-growing major fuel for the past decade. It currently accounts for more than 30 percent of global energy use – the highest level since 1969. Demand is projected to continue to grow, suprassing oil as the world's largest energy source in the coming years.
One of Peabody’s primary corporate responsibilities is to provide a strong shareholder return.
In 2013, Peabody:
- Achieved another year of record safety results with a global incidence rate that is more than 45 percent better than the industry average;
- Increased U.S. productivity 9 percent and Australian productivity 27 percent; and
- Generated more than $700 million in cash flow from operations.
Fueling Community Strength
Peabody’s success has translated into gains for communities around the globe. In 2013, our operations contributed $22 billion in direct and indirect economic benefits in regions where we’ve done business. We also continue to give back through a robust charitable giving program, increasing contributions year after year. Employees also continue to give of their time, talent and resources to build stronger communities and societies.
Fueling Industry Leadership
The company is globally recognized for leadership and vision. Good corporate governance guides our every action. The company has established a robust governance program, and a new Health, Safety and Environment Committee reviews Peabody’s business practices to ensure they meet the highest standards for integrity, safety, and social and environmental responsibility.
Fueling Social Progress
Coal’s low cost and large scale make it a fuel for social progress, enabling people in the developed world to enjoy a standard of living most of humanity is still trying to achieve. Coal is widely dispersed, broadly available, easily transported, energy-dense and very affordable. It has been the world’s fastest growing fuel for the past decade, and this expansion is set to continue.
Learn more in our Corporate and Social Responsibility Report.
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