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. Demand is projected to continue to grow, surpassing oil as the world's largest energy source in the coming years.
In 2014, Peabody:
- Set a global safety incidence rate, driven by a 36 percent improvement in Australia;
- Increased U.S. productivity 7 percent and Australian productivity 20 percent; and
- Earned more than 10 awards for safety, financial performance, environmental excellence and social responsibility, including the Platts 2014 Global Energy Company of the Year; and
- Restored 4,335 acres of mined lands into rangeland, wildlife habitat, hardwood forests, prime farmland and wetlands.
Fueling Community Strength
Peabody’s success has translated into gains for communities around the globe. In 2014, our operations contributed $22 billion in direct and indirect economic benefits in regions where we operate. 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 the 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.
Learn more in our Corporate and Social Responsibility Report.
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