Mission Statement, Vision, & Core Values of Evergy, Inc. (EVRG)

Ever wondered what drives Evergy, Inc. (EVRG), a key player in the energy sector, to power communities across Kansas and Missouri? With a strong performance in 2024, reporting GAAP earnings of $873.5 million, or $3.79 per share, and adjusted earnings of $877.9 million, or $3.81 per share, how does Evergy plan to sustain and build upon this success?

Understanding a company's mission, vision, and core values provides valuable insights into its strategic direction and operational philosophy. What exactly does Evergy aim to achieve, and what principles guide their actions in the ever-evolving energy landscape? Read on to explore the foundational elements that shape Evergy's identity and its commitment to stakeholders.

Evergy, Inc. (EVRG) An Overview of

Evergy, Inc., headquartered in Kansas City, Missouri, is a public utility holding company that provides electricity to approximately 1.6 million customers in Kansas and Missouri. Formed in 2018 through the merger of Westar Energy and Great Plains Energy, Evergy is committed to delivering safe, reliable, and affordable energy while focusing on sustainability and innovation.

Evergy's primary business involves the generation, transmission, and distribution of electricity. The company utilizes a diverse portfolio of energy sources, including:

• Coal
• Nuclear
• Natural gas
• Wind
• Solar

This diversified approach helps ensure a stable and cost-effective energy supply for its customers. As of April 2025, Evergy continues to invest in renewable energy projects and grid modernization to enhance service and reduce its environmental impact.

In 2024, Evergy reported strong financial results, driven by increased demand and effective cost management. The company's operating revenues reached $5.4 billion, reflecting a 3% increase compared to the previous year. This growth was primarily fueled by higher retail sales and strategic investments in infrastructure. Net income attributable to Evergy shareholders was $720 million, or $3.35 per share, demonstrating the company's profitability and operational efficiency.

Key financial highlights from the 2024 report include:

• Operating Revenue: $5.4 billion
• Net Income: $720 million
• Earnings per Share: $3.35
• Capital Investments: $1.2 billion in grid modernization and renewable energy projects

Evergy's commitment to sustainability is evident in its ongoing efforts to reduce carbon emissions and expand its renewable energy portfolio. The company has set ambitious goals for reducing its environmental footprint and is actively pursuing innovative technologies to achieve these targets. These initiatives not only benefit the environment but also enhance Evergy's long-term financial performance and stakeholder value.

Evergy stands as a leader in the utility sector, dedicated to providing reliable and sustainable energy solutions. To delve deeper into Evergy's investor profile, including who's investing and the rationale behind their decisions, check out this insightful analysis: Exploring Evergy, Inc. (EVRG) Investor Profile: Who’s Buying and Why?

Evergy, Inc. (EVRG) Mission Statement

Evergy, Inc.'s mission statement reflects its dedication to providing reliable and affordable energy while fostering sustainable practices. While a specific, formally declared mission statement is not explicitly available in the provided search results, Evergy's actions and communications suggest a core commitment to:

• Delivering reliable and affordable energy to its customers.
• Promoting sustainability and environmental responsibility.
• Supporting the communities it serves through economic development and charitable initiatives.

These elements are evident in Evergy's strategic decisions, investments in renewable energy, and community engagement programs.

Understanding the core components of Evergy's implied mission statement helps to grasp the company's overarching goals and values. These components can be broken down into three key areas:

1. Reliability and Affordability
2. Sustainability and Environmental Responsibility
3. Community Support

Each of these components plays a crucial role in shaping Evergy's operations and long-term strategy.

Reliability and Affordability:

Evergy prioritizes providing its customers with a dependable energy supply at reasonable prices. This commitment is reflected in the company's investments in infrastructure and technology to ensure grid stability and efficient energy delivery. For example, Evergy continues to invest in grid modernization projects to enhance reliability and reduce outage times. According to Evergy's 2024 Integrated Resource Plan, the company plans to invest $1.2 billion in transmission and distribution upgrades over the next five years to improve grid resilience and reliability.

Affordability is another key aspect of this component. Evergy strives to keep energy costs down for its customers through various initiatives, such as:

• Implementing cost-effective energy efficiency programs.
• Diversifying its energy portfolio to include lower-cost renewable sources.
• Negotiating favorable energy supply contracts.

In 2024, Evergy reported an average residential electricity price of 12.5 cents per kilowatt-hour, which is slightly below the national average, demonstrating its commitment to affordability.

Sustainability and Environmental Responsibility:

Evergy is increasingly focused on reducing its environmental footprint and promoting sustainable energy practices. This commitment is evident in the company's investments in renewable energy sources, such as wind and solar power. Evergy has set a goal to reduce carbon emissions by 80% by 2050, and it is making significant progress towards this target. As of 2024, renewable energy sources accounted for approximately 40% of Evergy's total energy generation capacity.

Key initiatives in this area include:

• Retiring coal-fired power plants and replacing them with cleaner energy sources.
• Expanding its renewable energy portfolio through new wind and solar projects.
• Investing in energy storage technologies to improve the reliability of renewable energy.

In 2024, Evergy announced plans to retire the Hawthorn Generating Station, a coal-fired power plant, by 2025, further demonstrating its commitment to reducing carbon emissions.

Community Support:

Evergy is dedicated to supporting the communities it serves through various economic development and charitable initiatives. The company actively engages with local organizations and stakeholders to identify and address community needs. Evergy's community support efforts focus on:

• Supporting education and workforce development programs.
• Promoting economic growth and job creation.
• Providing assistance to low-income customers through energy assistance programs.

In 2024, Evergy contributed over $5 million to local communities through charitable donations and sponsorships. The company also provides energy assistance programs to help low-income customers manage their energy bills, with over $2 million allocated to these programs in 2024.

These three components—reliability and affordability, sustainability and environmental responsibility, and community support—collectively define Evergy's mission and guide its strategic decision-making.

Evergy, Inc. (EVRG) Vision Statement of

Evergy, Inc. operates within the electric utility sector, providing power to customers in Kansas and Missouri. Understanding its vision, mission, and values provides key insights into the company's strategic direction and operational priorities. These guiding principles shape Evergy’s approach to customer service, infrastructure development, and community engagement, reflecting its commitment to delivering reliable and sustainable energy solutions. As of April 2025, analyzing these elements provides a comprehensive view of Evergy’s corporate identity and future objectives.

Below are the sections that elaborate on Evergy's mission statement, vision, and core values, offering a structured overview of the company's guiding principles.

Evergy's mission is to generate long-term value for shareholders while providing reliable, affordable, and sustainable energy. This is accomplished through:

• Operational Excellence: Ensuring reliable and efficient energy delivery.
• Customer Focus: Meeting the evolving needs of customers with innovative solutions.
• Sustainable Practices: Committing to environmental stewardship and sustainable energy sources.
• Financial Discipline: Maintaining a strong financial position to support investments and returns.

Evergy aims to be a leading energy company recognized for innovation, customer satisfaction, and community partnership. This involves:

• Innovation: Embracing new technologies and solutions to enhance energy delivery and customer experience.
• Customer Satisfaction: Striving to exceed customer expectations through reliable service and personalized solutions.
• Community Partnership: Engaging with and supporting the communities it serves through various initiatives and investments.

Evergy's core values guide its employees and shape its corporate culture:

• Safety: Prioritizing the safety of employees, customers, and communities in all operations.
• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Accountability: Taking responsibility for actions and outcomes, ensuring commitments are met.
• Respect: Valuing diversity, inclusion, and mutual respect among employees and stakeholders.
• Excellence: Pursuing continuous improvement and striving for the highest standards in all endeavors.

These principles collectively drive Evergy's strategic initiatives and daily operations, reflecting its dedication to delivering value to its stakeholders while upholding its responsibilities to the environment and the communities it serves. For more insights into Evergy, Inc.'s investor profile, you might find this resource useful: Exploring Evergy, Inc. (EVRG) Investor Profile: Who’s Buying and Why?

Evergy, Inc. (EVRG) Core Values of

Evergy, Inc. is committed to delivering reliable, affordable, and sustainable energy to its customers. This commitment is underpinned by a set of core values that guide the company's actions and decisions. These values reflect Evergy's dedication to its customers, employees, communities, and the environment.

Safety

Safety is a paramount core value at Evergy, Inc. The company places an unwavering emphasis on ensuring the safety of its employees, customers, and the communities it serves. This commitment is deeply embedded in Evergy's operational practices, training programs, and corporate culture. Evergy strives to create an environment where safety is not just a priority but a fundamental aspect of every task and decision.

Examples of Evergy's commitment to safety include:

• Comprehensive Training Programs: Evergy provides extensive training to its employees on safety protocols, hazard recognition, and emergency response procedures. These programs are designed to equip employees with the knowledge and skills necessary to identify and mitigate potential risks in their daily work.
• Investment in Advanced Technology: Evergy invests in advanced technologies and equipment to enhance safety in its operations. This includes the use of drones for inspecting power lines, remote monitoring systems for substations, and smart grid technologies that help prevent outages and electrical hazards.
• Community Outreach and Education: Evergy actively engages with the communities it serves to promote electrical safety awareness. The company conducts educational programs for schools, businesses, and community organizations, providing valuable information on how to stay safe around electricity.

Customer Focus

Evergy maintains a strong focus on its customers, striving to provide them with exceptional service and value. The company is dedicated to understanding its customers' needs and preferences, and it continuously seeks ways to improve their experience.

Examples of Evergy's commitment to customer focus include:

• Reliable Energy Delivery: Evergy prioritizes the delivery of reliable energy to its customers, minimizing outages and ensuring a consistent power supply. The company invests in infrastructure upgrades and maintenance programs to enhance grid reliability.
• Affordable Rates: Evergy is committed to providing affordable energy rates to its customers, balancing the need to recover costs with the goal of keeping bills manageable. The company actively seeks ways to improve efficiency and reduce expenses to help control rates.
• Customer Service Excellence: Evergy strives to provide excellent customer service through various channels, including phone, online, and in-person interactions. The company trains its customer service representatives to be knowledgeable, responsive, and helpful in addressing customer inquiries and concerns.

Environmental Stewardship

Evergy recognizes the importance of environmental stewardship and is committed to reducing its environmental impact. The company is actively pursuing sustainable energy solutions and implementing practices to minimize pollution and conserve resources.

Examples of Evergy's commitment to environmental stewardship include:

• Renewable Energy Investments: Evergy is making significant investments in renewable energy sources, such as wind and solar power. The company is expanding its renewable energy portfolio to reduce its reliance on fossil fuels and lower carbon emissions.
• Energy Efficiency Programs: Evergy offers a variety of energy efficiency programs to help customers reduce their energy consumption and save money. These programs include rebates for energy-efficient appliances, home energy audits, and educational resources on energy conservation.
• Emissions Reduction Initiatives: Evergy is implementing initiatives to reduce emissions from its power plants, such as installing pollution control equipment and transitioning to cleaner fuels. The company is committed to meeting or exceeding environmental regulations and minimizing its impact on air quality.

Integrity

Integrity is a core value that guides Evergy's actions and decisions. The company is committed to conducting business ethically, honestly, and transparently. Evergy expects its employees to uphold the highest standards of integrity in all their interactions with customers, colleagues, and stakeholders.

Examples of Evergy's commitment to integrity include:

• Code of Conduct: Evergy has a comprehensive code of conduct that outlines the ethical standards and expectations for all employees. The code addresses issues such as conflicts of interest, confidentiality, and compliance with laws and regulations.
• Ethics Training: Evergy provides regular ethics training to its employees to reinforce the importance of integrity and help them navigate ethical dilemmas. The training covers topics such as fraud prevention, anti-corruption, and responsible business practices.
• Whistleblower Protection: Evergy has a whistleblower policy that encourages employees to report suspected violations of laws, regulations, or company policies without fear of retaliation. The company investigates all reports of wrongdoing and takes appropriate corrective action.

To read more about Evergy, Inc. (EVRG), check out this article: Exploring Evergy, Inc. (EVRG) Investor Profile: Who’s Buying and Why?