Page 2 - ES&G report 2021 final

Table of contents Our commitment: A message from

Associated Electric’s board president

Our commitment: A message from Associated Electric’s board president ................................................... 2 From its inception in 1961, Associated Electric Cooperative has been on a mission to serve member-owners

Our responsibility: A message from Associated Electric’s CEO and general manager .................................. 3 of our wholesale power generation cooperative with responsible, reliable and affordable electricity and related
services. Associated’s accountability for safeguarding the environment and well-being of the communities we
Environmental: Energy .............................................................................................................................. 4 serve has remained steadfast throughout a 60-year journey marked by evolving regulations, shifting political
Environmental: Air ..................................................................................................................................... 9 and cultural landscapes and changing member expectations.

Environmental: Water .............................................................................................................................. 11

Environmental: Land ................................................................................................................................ 12

Social: Community ................................................................................................................................... 15 Given that clean air, water and land resources mean so much to the rural
electric cooperative members we serve, our commitment to environmental,
Social: Culture .......................................................................................................................................... 20
social and governance responsibilities is characterized not only in words
Governance ............................................................................................................................................. 24 but also in deeds. Significant investments to protect these resources as

we generate electricity for 2.1 million people are delivering meaningful
environmental results. The model of member-ownership and leadership of
our cooperative ensures our values reflect those who use our electricity.

Balancing reliability and affordability with clean air, land and water resources is important to our members and
continues to be our focus. Our unique member-led governance means the needs of the communities we serve
are prioritized first in our decision-making.

Sincerely,

Emery O. Geisendorfer, president Associated Electric Cooperative Board of Directors

On the cover:
Construction on 111 turbines at the
235-MW Tenaska Clear Creek Energy
Center began in spring 2019, and the farm
was declared commercial in May 2020.
Associated transformed once-mined land at Thomas Hill Energy Center
Note: into productive pastures, wetlands and forests.
Archive photos may have been taken
pre-pandemic.

TABLE OF CONTENTS 1 OUR COMMITMENT 2