American Electric Power : 2024 GRI & SASB Report (ISSB S1)

AEP's 2024 SASB &

GRI Standards Report

In Alignment with ISSB S1

2024 GRI & SASB Standards Report - Statement of Use

AEP's 2024 GRI & SASB Standards report supplements the Company's Corporate Sustainability Report, providing a comprehensive view of additional quantitative metrics and qualitative narrative in guidance with the GRI Standards and Electric Utility Sector Supplement, as well as SASB's standards for Electric Utilities & Power Generators. These standards are voluntary reporting frameworks used by organizations around the world as a basis for providing decision- useful, industry-based disclosure on sustainability issues. This report is also in alignment with the ISSB S1 Standards: General Requirements for Disclosure of Sustainability-related Financial Information.

Quantitative data and qualitative statements reflect 2023 performance year.

For more information, please contact:

Melissa Tominack

Director, Corporate Sustainability American Electric Power [e-mail]

Madeline Miller

Coordinator, Corporate Sustainability

American Electric Power

[e-mail]

2

Data Request

Response

Greenhouse Gas Emissions & Energy Resource Planning

IF-EU-110a.1

ESG Data Center:Environment > Emissions

(1) Gross global Scope 1 emissions,

AEP's Climate Impact Analysis

percentage covered under

(2) emissions-limiting regulations,

2023 CDP Climate Report

and

*Reflects 2022 performance year. 2023 performance will be

(3) emissions-reporting regulations

published mid-2024

IF-EU-110a.2

Greenhouse gas (GHG) emissions

Electric Company

State

CO2 Lbs./MWh

associated with power deliveries

AEP (Parent Company)1

--

1,079

AEP-Ohio2

OH

953

AEP-Appalachian Power3

VA/WV

1,438

AEP-Indiana Michigan Power4 and 5

IN/MI

432

AEP-Kingsport Power

TN

933

AEP-Wheeling Power

WV

1,432

AEP-Public Service Company of

OK

Oklahoma6

1,055

AEP-Southwest Electric Power

AR/LA/TX

Company7

1,258

AEP-Kentucky Power

KY

1,373

Notes:

• Rates shown are in CO2 Lbs./MWh not CO2e Lbs./MWh
• Rates shown are equivalent to EEI Resource Mix Residual Rates
• Competitive Businesses not included. AEP Gen Resources, AEP Energy Partners (AEP Texas/TNC), AEP Renewables, AEP Onsite Partners
  1. Includes Energy Furnished Without Charge in Electricity Delivered from Purchased Power (Column G) (Power purchased directly by customers from other providers)
  2. AEP Ohio Purchased generation is to service Ohio Customers that have not chosen an alternative supplier. MWh's and Emission rates effected by REC activity 3. APCO had Specified Products. MWh's and Emission rates effected by REC activity
  4. I&M data includes their 100% of Rockport 1 only
  5. I&M had Specified Products. MWh's and Emission rates effected by REC activity
  6. PSO had Specified Products. MWh's and Emission rates effected by REC activity
  7. SWEPCO had Specified Products. MWh's and Emission rates effected by REC activity

	IF-EU-110a.3
	Discussion of long-term and short-		AEP's Climate Impact Analysis pp. 22-34
	term strategy or plan to manage
	Scope 1 emissions, emissions		2024 Corporate Sustainability Report: Energy Transition
	reduction targets, and an analysis of
	performance against those targets		2023 CDP Climate Report
			*Reflects 2022 performance year. 2023 performance will be
			published mid-2024

3

			Air Quality
	IF-EU120a.1		ESG Data Center:Environment > Emissions
	Air emissions of the following
	pollutants:		2024 Corporate Sustainability Report: Energy Transition
	(1) NOx (excluding N2O)
	(2) SOx,		TRI Reports Page
	(3) particulate matter (PM10),
	(4) lead (Pb), and		2023 CDP Climate Report
	(5) mercury (Hg)		*Reflects 2022 performance year. 2023 performance will be
	Percentage of each in or near areas		published mid-2024
	of dense population
			Water Management
	IF-EU140a.1		ESG Data Center:Environment > Water
	(1) Total water withdrawn		2024 Corporate Sustainability Report: Water Management
	(2) total water consumed,
	percentage of each in regions with		2023 CDP Water Report
	High or Extremely High Baseline		*Reflects 2022 performance year. 2023 performance will be
	Water Stress		published mid-2024
	IF-EU140a.2
	Number of incidents of non-		2023 CDP Water Report
	compliance associated with water		*Reflects 2022 performance year. 2023 performance will be
	quantity and/or quality permits,		published mid-2024
	standards, and regulations
	IF-EU140a.3		2023 CDP Water Report
	Description of water management		*Reflects 2022 performance year. 2023 performance will be
	risks and discussion of strategies and		published mid-2024
	practices to mitigate those risks
			AEP's Climate Impact Analysis pg. 57-65
			2024 Corporate Sustainability Report: Water Management
			Coal Ash Management
	IF-EU150a.1		ESG Data Center:Environment > Waste
	Amount of coal combustion residuals
	(CCR) generated; percentage		2023 Corporate Sustainability Report: Waste Management
	recycled
	IF-EU150a.3
	Description of coal combustion
	products (CCPs) management		CCR Rule Compliance
	policies and procedures for active
	and inactive operations
			Energy Affordability
			Retail rates for residential customers can be found on operating
	IF-EU-240a.1		company websites.
	Average retail electric rate for		AEP Ohio
	(1) residential		AEP Texas
	(2) commercial		Appalachian Power
	(3) industrial customers		Indiana Michigan Power
			Kentucky Power
			4

			Public Service Company of Oklahoma
			Southwestern Electric Power Company
	IF-EU-240a.3
	Number of residential customer		ESG Data Center:Operational and Financial > Customer
	electric disconnections for non-
	payment, percentage reconnected
	within 30 days
	IF-EU-240a.4		AEP's Climate Impact Analysis pp. 75-78
	Discussion of impact of external		2024 Corporate Sustainability Report: Customer Care and Support
	factors on customer affordability of
	electricity, including the economic		2023 CDP Climate Report
	conditions of the service territory		*Reflects 2022 performance year. 2023 performance will be
			published mid-2024
			Workforce Health and Safety
	IF-EU320a.1
	(1) Total recordable incident rate
	(TRIR)		ESG Data Center:Social > Safety & Health
	(2) fatality rate
	(3) near miss frequency rate (NMFR)		2024 Corporate Sustainability Report: Safety & Health
	for (a) direct employees and (b)
	contract employees
			End-use Efficiency & Demand
	IF-EU-420a.2		ESG Data Center:Operational and Financial > Grid Reliability
	Percentage of electric load served by		2024 Corporate Sustainability Report: Customer Care and Support
	smart grid technology
	IF-EU-420a.3		ESG Data Center:Operational and Financial > Customer
	Customer electricity savings from		2024 Corporate Sustainability Report: Customer Care and Support
	efficiency measures, by market
			Energy Efficiency information by OpCo:
			AEP Ohio
			AEP Texas
			Appalachian Power
			Indiana Michigan Power
			Kentucky Power
			Public Service Company of Oklahoma
			Southwestern Electric Power Company
	Nuclear Safety & Emergency Management
	IF-EU540a.1		AEP has two nuclear power units operating at the Cook Nuclear
	Total number of nuclear power units,		Plant in Michigan
	broken down by results of most
	recent independent safety review		Indiana Michigan Cook Nuclear Plant
	IF-EU540a.2		Cook Nuclear Plant Emergency Plan
	Description of efforts to manage		2023 Form 10K: Pdf pp. 23 & 28
	nuclear safety and emergency
	preparedness
			5

Grid Resiliency

	IF-EU-550a.1
	Number of incidents of non-			See page 14 of this report
	compliance with physical and/or
	cybersecurity standards or
	regulations
	IF-EU-550a.2
	(1) System Average Interruption
	Duration Index (SAIDI)
	(2) System Average Interruption			ESG Data Center:Operational and Financial > Grid Reliability
	Frequency Index (SAIFI)
	(3) Customer Average Interruption
	Duration Index (CAIDI), inclusive of
	major event days
					Activity Metrics
	IF-EU-000.A
	Number of:
	(1) residential			ESG Data Center:Operational and Financial > Customer
	(2) commercial,
	(3) industrial customers served
	IF-EU-000.B			2023 Form 10K: pg. 72, 101
	Total electricity delivered to:							Vertically Integrated and
	(1) residential				Customer Type			Transmission and Distribution
	(2) commercial							Utilities Total (Millions of KWhs)
	(3) industrial				Residential		56,389
	(4) all other retail customers
				Commercial			53,900
	(5) wholesale customers
				Industrial		60,719
					Other			2,974
					Total Retail		173,982
					Wholesale			15,323
					Total KWhs		189,305
	IF-EU-000.C
	Length of transmission and			ESG Data Center:Operational and Financial > Grid > Reliability
	distribution lines
	IF-EU-000.D
	Total electricity generated,			ESG Data Center:Operational and Financial > Energy
	percentage by major energy source,
	percentage in regulated markets
	IF-EU-000.E			ESG Data Center:Operational and Financial > Generation
	Total wholesale electricity purchased
				EEI ESG Report for Investors(to be updated mid-2024)

6

	Metric Number		GRI Data Requests			AEP Response
			GRI 2 General Disclosures 2021
			The Organization and its Reporting Practices
						American Electric Power Company Inc.
						1 Riverside Plaza
						Columbus, Ohio 43215-2373
					614 716-1000
	GRI 2-1		Organizational Details			Regulated States Served: Arkansas, Indiana,
						Kentucky, Louisiana, Michigan, Ohio, Oklahoma,
						Tennessee, Texas, Virginia, West Virginia
						AEP Facts
						2023 Form 10K
	GRI 2-2		Entities included in the organization's			AEP Businesses
		sustainability reporting			2023 Form 10KPDF pg. 1
						Annual Reporting Period: This Report covers
						data from January 1, 2023 - December 31, 2023
						*Unless otherwise Stated
	GRI 2-3		Reporting period, frequency and			Contact Points: See contacts stated on page 2
		contact point
						Learn more about AEP's Reporting:
						AEP's Business Strategy
						Responsible Business Practices
	GRI 2-4		Restatements of information			No Significant Restatements
	GRI 2-5		External assurance			Audit Statement
				Board Statement
			Activities and Workers
						Activities: Electricity Generation, Transmission,
						and Distribution
						AEP Businesses
						Markets Served: Regulated Utilities: Arkansas,
						Indiana, Kentucky, Louisiana, Michigan, Ohio,
						Oklahoma, Tennessee, Texas, Virginia, West
	GRI 2-6		Activities, value chain, and other			Virginia
		business relationships			Other information:
						AEP Facts
						2023 Form 10K
						Supply Chain Management
						AEP's Supplier Code of Conduct
						For further supplier information, see appendix 2
					7

GRI 2-7		Employees		See Appendix 1
		*Includes EEO-1 report summary
GRI 2-8		Workers who are not employees		Safety & Health
		Business to Business

Governance

					Board Facts & FAQ
					Board Committees
	GRI 2-9		Governance structure and composition		AEP Leadership
					2024 Proxy Statement
					Governance
	GRI 2-10		Nomination and selection of the		2024 Proxy Statement
		highest governance body
					Independent Board Chair: Sara Martinez Tucker
	GRI 2-11		Chair of the highest governance body
					2024 Proxy Statement
	GRI 2-12		Role of the highest governance body in		CEO Message
			Chief Sustainability Officer Message
		overseeing the management of impacts
					2024 Proxy Statement
			Delegation of responsibility for		Board Statement
	GRI 2-13			AEP's Business Strategy
		managing impacts
				Responsible Business Practices
					Risk Management
	GRI 2-14		Role of the highest governance body in		AEP's Climate Impact Analysis
		sustainability reporting		Board Facts & FAQs
	GRI 2-15		Conflicts of interest		AEP's Principles of Corporate Governance
			AEP's Principles of Business Conductpg. 16-25
	GRI 2-16		Communication of critical concerns		and 54-60
	GRI 2-17		Collective knowledge of the highest
		governance body		2024 Proxy Statement
	GRI 2-18		Evaluation of the performance of the
			2023 Form 10K
		highest governance body
				AEP's Principles of Corporate Governance
	GRI 2-19		Remuneration policies
			AEP's Principles of Business Conduct
	GRI 2-20		Process to determine remuneration
	GRI 2-21		Annual total compensation ratio
			Strategy, policies and practices
					CEO Message
			Statement on sustainable development		Chief Sustainability Officer Message
	GRI 2-22			AEP's Business Strategy
		strategy
				Responsible Business Practices
					Energy Transition
	GRI 2-23		Policy commitments		Risk Management

8

	GRI 2-24		Embedding policy commitments		Reports and Policies
			AEP Principles of Business Conduct
					Environment
					AEP Principles of Business Conduct
	GRI 2-25		Processes to remediate negative		2023 CDP Water Report
		impacts		2023 CDP Climate Report
					*CDP reports reflect 2022 performance year.
					2023 performance will be published mid-2024
			Mechanisms for seeking advice and		AEP Principles of Business Conductpg. 56-59
	GRI 2-26			AEP's Supplier Code of Conductpg. 5
		raising concerns
				AEP's Human Rights Policypg. 5
					Economic Impact
	GRI 2-27		Compliance with laws and regulations		Political Engagement
			Environmental Compliance
					Political Engagement Policy
					AEP's Principles of Business Conduct
	GRI 2-28		Membership associations		AEP's Supplier Code of Conduct
			AEP's Human Rights Policy
					Trade Association Climate Lobbying Report
			Stakeholder Engagement
	GRI 2-29		Approach to stakeholder engagement		Stakeholder Engagement
					Labor Relations
	GRI 2-30		Collective bargaining agreements		AEP's Supplier Code of Conduct
					AEP's Human Rights Policy
			GRI 3 Material Topics 2021
			Disclosures on material topics
	GRI 3-1		Process to determine material topics		AEP's Business Strategy
	GRI 3-2		List of material topics		Responsible Business Practices
					Monitoring Sustainability-Related Risks &
	GRI 3-3		Management of material topics		Opportunities
					Stakeholder Engagement
			GRI 200
			Economic Impact
	GRI 3-3		Material Topic Management Approach:		See Appendix 3
		Economic Impact
				Economic Impact
	GRI 201-1		Direct Economic Value Generated and
		Distributed		ESG Data Center:Social > Community Impact
			Financial Implications and Other Risks		Energy Transition
	GRI 201-2		and Opportunities Due to Climate
			AEP's Climate Impact Analysis
			Change
	GRI 201-3		Defined Benefit Plan Obligations and		Workforce Planning & Development
		Other Retirement Plans
	GRI 202-1		Ratio of Standard Entry Level Wage by		See Appendix 4
		Gender Compared to Local Min Wage
					9

	GRI 202-2		Proportion of Senior Management		See Appendix 5
		Hired from the Local Community
	GRI 203-1		Infrastructure Investments and		Economic Impact
		Services Supported		Energy Transition
					See Appendix 3
	GRI 203-2		Significant Indirect Economic Impacts		Economic Impact
			ESG Data Center: Operational and Financial >
					Economic
					ESG Data Center:Social > Community Impact
	GRI 204-1		Proportion of Spending on Local		Supply Chain Management
		Suppliers		ESG Data Center:Social > Supplier Diversity
			Ethics and Compliance
	GRI 3-3		Material Topic Management Approach:
		Ethics and Compliance
	GRI 205-1		Operations Assessed for Risks Related		AEP's Anti-Corruption Policy
		to Corruption		Ethics and Compliance
			Communication and Training about		AEP's Principles of Business Conduct
	GRI 205-2		Anti-Corruption Policies and
			Procedures
					2023: There were no relevant controversies, no
					legal actions pending or completed during this
			Legal Actions for Anti-Competitive		reporting period for anti-competitive behavior
				or violations of anti-trust and monopoly
	GRI 206-1		Behavior, Anti-trust, and Monopoly
			legislation.
			Practices
				AEP's Anti-Corruption Policy
					AEP's Principles of Business Conductpg. 14-32
	GRI 207-1		Approach to tax		2023 Form 10K
			GRI 300
			Materials
	GRI 301-1		Materials Used by Weight or Volume		Waste Management
	GRI 301-2		Recycled Input Materials Used		ESG Data Center: Environment > Waste
			Facility Energy Consumption
	GRI 302-1		GRI 302-1 Energy Consumption Within		Customer Care & Support
		the Organization
	GRI 302-4		GRI 302-4 Reduction of Energy		ESG Data Center:Operational and Performance
		Consumption		> Energy > Facility Energy Performance
			Water
	GRI 3-3		Material Topic Management Approach:		Water Management
		Water
	GRI 303-1		Water Withdrawal by Source		ESG Data Center:Environment > Water
					10