Constellation Energy : 2024 DEI Annual Report

DEI2024

ANNUAL REPORT

Table of Contents

Introduction / 01

01 / A Message from Our CEO

02 / DEI Strategic Priorities At a Glance

Strategic Talent Sourcing / 03

03 / Early Talent and Association Partnerships

04 / Talent Tracking, Evaluation, and Data

04 / Inclusive Practices

Workforce Development / 05

05 / Investing in Our Community

06 / Spotlight on Our Powering Change Partners

07 / Industry Leadership and Community Impact

07 / Commitment to the Trades

09 / Inspiring the Next Generation

At Constellation we don't just talk about inclusion, we live it every day. Our culture of belonging is what sets us apart from the rest. It makes us stronger, smarter, and more successful as a company. It is our ultimate competitive advantage.

• Rayfield Stringer III VP and Chief Diversity,

Equity and Inclusion Officer

At Constellation, fostering a sense of belonging is central to our culture. It is the force that unites our diverse workforce, creating a space where everyone is encouraged to fully participate and contribute. Belonging is the key to our collective success and the driver of our innovation.

- Susie Kutansky Executive Vice President and Chief Human Resources Officer

Business (Supplier) Diversity / 11

11 / Supplier Diversity and Spend Defined

12 / Supplier Diversity Team

12 / Business (Supplier) Diversity Team

12 / Knowledge Sharing and Engagement

13 / Diverse Spend

13 / Recognitions

Equity and Belonging / 14

14 / DEI Engagement

16 / DEI Education

17 / Veterans, Disability, and LGBTQ+

17 / ERGs and Interest Groups

Community Engagement and Recognitions / 19

DEI Report 2024

ABOUT THIS REPORT

We are proud to present Constellation's 2024 Diversity, Equity, and Inclusion (DEI) Report, which reflects our operations for the period of January 1, through December 31, 2023, otherwise indicated.

This report complements Constellation Sustainability

the 2024 Constellation Economic Impact Report (EIR). Its purpose is to highlight personal stories and show how Constellation's programs, policies, and initiatives are having a positive impact on people and businesses in the communities where we live, work, and serve.

© 2024

A Message from Our CEO

DEI Report 2024	01

At Constellation, people are at the center of what we do. That's why I am personally committed to fostering a safe, inclusive workplace and to uplifting the communities we are privileged to serve, and I expect all of our people to do the same. Advancing respect, belonging, diversity, and equity inside and outside the organization is imperative to Constellation's continued success.

In our inaugural 2024 DEI Report, we highlight our dedication within the organization and beyond our workplace to advance our four strategic pillars of Strategic Talent Sourcing, Workforce Development, Business (Supplier) Diversity, and Equity and Belonging. We are proud of the progress we achieved throughout 2023 in each one of these areas. Here are a few of the accomplishments that truly showcase our work to drive community investment and engage our employees:

• We launched our "PowerEd" program to expand and amplify our university relationships through on-campus events, scholarships, and student mentorship opportunities.
• Our new signature $1.25 million "Powering Change" program kicked off a variety of collaborations investing in our communities. The program provides grants to six non-profit organizations focused on improving job awareness, upskilling opportunities, and breaking down barriers faced by individuals from underserved communities and those historically underrepresented in the energy sector.
  Equally as monumental is the historic Building Trades Diversitypledge signed in February 2023, which brought together key stakeholders across the building trades to commit to building equity, family- sustaining careers, and a diverse workforce.
• Our efforts in Business (Supplier) Diversity serve as a catalyst for transforming and diversifying our supply chain. In 2023, we spent over $521 million with diverse suppliers, which represents 21 percent of our

total managed spend. Visit this sectionfor Constellation's definition of supplier diversity and supplier diversity spend.

• We hosted our inaugural Employee Resource Groups (ERG) Summit uniting 120-chapter board members and sponsors. The ERG Summit served as a platform to celebrate successes, share best practices, and strategize for the future.

Furthermore, our efforts have been recognized by trusted organizations, including the Center for Energy Workforce Development, and earned us Great Place To Work® Certification, as well as a designation by Disability: INas a Best Place to Work for Disability Inclusion. Constellation was also acknowledged as the most committed energy corporation for Diversity and Inclusion by the Maryland Washington Minority Companies Association and honored with the 2023 Supply Chain Diversity Excellence Award, from Supplier.io.

Finally, I'd like to personally thank our outstanding employees, DEI & Workforce Development Center of Excellence teams, partner teams across the company, and our community partners for their unwavering commitment to our values, fostering a culture rooted in passion and purpose. Our work is never done. Together, we empower individuals and contribute to shaping a brighter future for all.

JOE DOMINGUEZ

President and

Chief Executive Officer

Our Strategic Priorities

Strategic Talent

Sourcing

Source talent through relationships, technology, and inclusive practices to broaden the talent pool and promote diversity.

Workforce Development

Improve career awareness, foster equal access and advance skills of workers from underserved communities and historically underrepresented individuals in the energy sector.

Business (Supplier)

Diversity

Create an inclusive supply chain that enables, equips, and empowers diverse businesses, including small businesses, to thrive in our marketplaces.

Equity and Belonging

Eliminate barriers to participation and create opportunities for our employees by establishing a culture of inclusion and belonging.

Introduction | Strategic Talent Sourcing | Workforce Development | Business (Supplier) Diversity | Equity and Belonging | Community Engagement and Recognitions

DEI STRATEGIC PRIORITIES AT A GLANCE

Strategic Talent Sourcing

Launched our "PowerEd" program to expand and amplify our relationships with 11 universities.

Workforce Development

Entered historic diversity pledge with North America's

Building Trades Union.

$1.25 million "Powering Change" program kicked off,

providing grants to six nonprofit organizations.

Business (Supplier) Diversity

Over $521 million spent with diverse suppliers.

Established a dedicated Business (Supplier)

Diversity Team.

Equity and Belonging

Hosted inaugural ERG Summit uniting 120 chapter board members and sponsors.

Introduced the DEI Spotlight Awards an employee-driven program for individuals to nominate their peers and leaders promoting respect, belonging, diversity and equity.

Graduated our firstTHRIVE cohort, a professional development program for a diverse and inclusive group of high-potential key managers.

DEI Report 2024	02

PILLAR OUTCOMES BY THE NUMBERS:

24%	14	81%
of management and	relationships established with	of employees who responded
executive hires were	diversity-focused organizations	to Great Place to Work®
veterans. 16 percent of total	to build brand awareness and	survey said Constellation is a
hires were veterans.	career pipelines.	great place to work.

$1.5 Million	13	290,000
in scholarship commitment	interns from HBCUs, Hispanic	students supported by E2
over the next 10 years through	Serving institutions, and Minority	Energy to Educate Grant
Constellation Scholars.	serving institutions.	Program since 2010.

21%	over 25+	965
of our total managed	outreach and engagement	new suppliers in our registered
spend is with diverse	events attended, participated	supplier registration system,
suppliers.	in, and/or sponsored.	SMART GEP.

25	5,000+	1000+
employees graduated from	participants engaged in 9 ERGs	employees attended the
the first THRIVE cohort	across 67 chapters.	Allyship webinar series.

Introduction | Strategic Talent Sourcing | Workforce Development | Business (Supplier) Diversity | Equity and Belonging | Community Engagement and Recognitions

Strategic Talent Sourcing

DEI Report 2024	03

Early Talent and Association Partnerships

PowerEd

In January 2023, Constellation launched the PowerEd program to expand and amplify our university relationships, aimed at fostering mutual beneficial relationships between Constellation and the university, in the areas of research, talent acquisition, innovation, and knowledge exchange. We held events to cultivate a dynamic pipeline of early talent and build a holistic relationship with university students and leadership.

One such example is our work with the University of Maryland Baltimore County (UMBC), one of the 11 PowerEd schools. We organized a Constellation Takeover Day to bolster on-campus recruitment activities, helped facilitate a UMBC Scholars meet and greet and hosted internship exploration sessions. The day also included a collaborative session with UMBC's President to discuss the school's sustainability plans, community and student investments, our shared commitment to R&D, and the pipeline to Constellation energy careers.

Constellation also partners with the University of Illinois-Chicago (UIC), another PowerEd school, with efforts focusing on developing a diverse pipelines of engineering talent. We supported and engaged students with scholarships and participated in Fall and Spring Engineering Career and Diversity Fairs including events hosted by the Society of Hispanic and Professional Engineers and National Society of Black Engineers. Constellation also engaged with students through the Women

in Engineering Program and served as corporate judges at UIC's Engineering Expo.

Our Finance department established key stakeholder relationships with Towson in 2023, creating brand awareness throughout the campus. We participated in multiple career fairs there, including the Accounting Open House Fair, the College of Business and Economics Career Fair, and the Fall Mega Career Fair. We also had six Constellation employees act as mentors in two mentorship programs: MentHER and MAPD (Mentoring to Advance Professional Development). MentHER connects professional businesswomen with College of Business and Economics students for one-on-one mentoring.

Lastly, we continue to increase engagement with Historically Black Colleges and Universities (HBCUs), Hispanic Serving Institutions (HSIs) and other minority-serving institutions to improve diversity within STEM majors through initiatives such as the INROADS HBCU+ program.

Our relationship with Towson University has enabled us to actively support our local communities and reinvest in our own backyard. By engaging with their business administration and accounting programs, we have fostered collaboration, innovation, and meaningful connections with students interested in pursuing careers within our finance organization.

- Daniel L. Eggers Executive Vice President & Chief Financial Officer

Highlights

16%

percent of total hires were veterans and of that population, 24 percent of management and executive hires were veterans.

81%

of employees who responded to Great Place to Work® survey said Constellation is a great place to work.

over 500+

increase in members in our Student Talent Network through our workforce development and early talent sourcing programs.

14

new relationships established with diversity-focused organizations.

For more information about our DEI hiring and conversion performance, check out the 2024 Sustainability Data Index & Factsheet.

Introduction | Strategic Talent Sourcing | Workforce Development | Business (Supplier) Diversity | Equity and Belonging | Community Engagement and Recognitions

CONTINUED

DEI Talent Focused Associations

Constellation strategically engages DEI related associations that support the energy industry, build equity within the workplace, and help to broaden the entry point for talent from underrepresented communities. 

In 2023-24, we established relationships with 14 diversity-focused organizations, including American Association of Blacks in Energy (AABE), Disability:IN, National Society of Black Engineers (NSBE), Recruit Military, Society of Asian Scientists and Engineers (SASE), Society of Hispanic Professional Engineers (SHPE), Society of Women Engineers (SWE). Through these collaborations, we participate in mentoring programs, conferences, career fairs and industry events to recruit interns and full-time employees.

Expanded Focus on Veteran Recruiting

In 2023, 16 percent of total hires and 24 percent of management and executive hires were U.S. veterans. To help us reach this achievement, we purchased access to the national database with RecruitMilitary and started direct job feeds to their sites for all our job openings in order to build a pipeline of veteran candidates. In addition, attending military career fairs remains a crucial part of our recruitment efforts, both in person and virtual. These events provide us with the opportunity to collect candidate information and establish connections with military personnel, even before their transition to civilian life.

To learn more about our veteran focus and the great work they are doing across the company visit: https://jobs.constellationenergy.com/ veterans.

Check out what we have planned for 2024 with our Veteran Hiring Pledge.

Talent Tracking, Evaluation, and Data

iCIMs + Talent Network

Constellation invested in iCIMS, an applicant tracking system to continue growth of our "Talent Community." This program allows individuals

to sign up for our career network and then be "tagged" in our system as a program participant, scholar, or career fair attendee. iCIMS also sends notifications about various career postings and engagement opportunities to members of our career network. This program also enhanced our ability to track our scholar to intern conversion rate. In 2023, we welcomed 10 Constellation Scholarsto our summer intern class.

Certified Great Places to

Work®

In 2023, Constellation was Certified™ by Great Place To Work®. The designation is based on how employees rate their experience working at Constellation.

In a survey of about 5,000 Constellation employees, 81 percent of those who responded said it is a great place to work - about 24 points higher than the average U.S. company. The survey measured various aspects of our workplace culture, such as inclusion for all, trust in Constellation, employee pride, and overall employee experience.

Receiving the Great Place to Work certification is a true honor and a reflection of our collective efforts to foster an inclusive, supportive, and empowering work environment. It's a testament to the strength of our values and the dedication of every team member to create a workplace where everyone can thrive.

- Susie Kutansky Executive Vice President and Chief Human Resources Officer

Inclusive Practices

Diverse Slate of Candidates and Interview Panel

To foster an inclusive employee selection process, Constellation's DEI Center of Excellence partnered with Human Resources and Talent Acquisition to aim for a diverse slate of candidates representing different races/ethnicities, genders, and experiences for open positions based on the applicable labor market. As part of Constellation's DEI commitment, hiring managers are responsible for creating diverse interview panels. Additional best practices have also been applied, such as ensuring the same individuals participate in all interviews for a specific role, and considering panelists to be at least one paygrade higher than the grade for which the interviews are being conducted.

EVP and Careers Sites

In 2023, Constellation launched a new framework and careers site to help us describe our culture and employee experience of working

DEI Report 2024	04

at Constellation. We held focus groups and interviews with people from around the company to ensure the framework represented the breadth of perspectives, voices, and experiences within Constellation.

Looking Ahead to 2024

Talent Selection Fundamentals Training

We will offer a Talent Selection Fundamentals computer-based program for all hiring managers that reflects Constellation's values and inclusive talent sourcing process. This program helps managers to reduce the influence of unconscious bias, conduct competency-based interviews, provide equal employment opportunities, make fair hiring decisions, and foster a positive candidate experience.

HBCU Takeover Day

Constellation and INROADS will host an "HBCU Takeover Day" to bring awareness and increase interest in energy careers within the HBCU student community. This event is intended to foster collaboration and partnership between Constellation and HBCUs within our footprint. Our goals are to promote diversity and showcase the many career pathways here at Constellation.

Introduction | Strategic Talent Sourcing | Workforce Development | Business (Supplier) Diversity | Equity and Belonging | Community Engagement and Recognitions

Workforce Development

DEI Report 2024	05

Our workforce development (WFD) strategy focuses on three pillars: elevating career awareness, fostering equal access, and advancing skills of workers who are underrepresented and underserved in the communities in which we operate. Through our work we aim to build a diversified workforce that supports a growing energy industry and our talent needs, and to drive economic revitalization and diversification through secure and good-paying jobs. In 2023, we made great progress towards our goals, successfully designing and launching many community-based programs and partnerships under our WFD pillar.

Investing in Our Community

Powering Change

We launched our $1.25 million Powering Change initiative. This new signature program provides grants to six nonprofit organizations focused on improving job awareness and training, providing advancement and upskilling opportunities, and breaking down employment barriers. All six organizations have a track record of success and measurable outcomes. Through this initiative, we have participated in a variety of programs championed by each of the six organizations, amplifying our impact in the community to promote equality in the current and future workforce.

Highlights

Historic diversity pledge

entered with North America's Building Trades Unions.

$1.25 Million

Powering Change investment initiative kicked off, providing grants to six nonprofit organizations.

15

vehicles provided to individuals and families with Vehicles for Change.

$1.5 Million

in scholarship commitment over the next 10 years through Constellation Scholars.

13

INROADS interns joined Constellation from HBCUs, Hispanic serving institutions, and Minority serving institutions.

290,000

students supported by E2 Energy to Educate Grant Program since 2010.

Giving jobs to those who have economically challenged backgrounds. Touching the lives of others and creating a legacy for the company. It's appropriate for us to have that dream.

- Joe Dominguez

CEO, Constellation

Introduction | Strategic Talent Sourcing | Workforce Development | Business (Supplier) Diversity | Equity and Belonging | Community Engagement and Recognitions

Spotlight on Our Powering Change Partners

INROADS

Expanded their programming to include an "Energy Careers" vertical and upskilling internship program. In 2023, the INROADS Constellation Internship Program welcomed 13 summer interns from HBCUs, Hispanic Serving Institutions, and Minority Serving Institutions. In 2024, we aim to expand the cohort to 15.

"Constellation's investment in INROADS not only prepares deserving students for career success, but also expands our reach into clean energy careers."

- Forest T. Harper, President and CEO, INROADS

SkillsUSA

Increased awareness among students considering a career in the skilled energy workforce through funding and engagement with five SkillsUSA CTE programs at local schools near our clean energy centers across MD, NY, IL, and PA. Constellation also participated in their national "Signing Day" and annual National conference to introduce energy career pathways to thousands of

students across the country. In 2024, we aim to expand to eight schools, including two near our Texas Power facilities.

"SkillsUSA is thrilled to partner with Constellation. With their support, we can continue our essential work to close the skills gap, while presenting robust opportunities for young workers who enjoy challenging careers that offer stability and benefits."

- Chelle Travis, Executive Director, SkillsUSA

Chicago Women In Trades (CWIT)

Funded the expansion of their North America's Building Trades Unions (NABTU)- certified pre-apprenticeship program to over 150+ pre-apprentices in Philadelphia and Chicago. In addition, funds are earmarked

for barrier reduction and case management support, and broadening program outreach by targeting communities near our Constellation clean energy centers.

"Because Constellation is a major employer in the industry, its leadership in expanding equity for women matters, and we are excited about what can be accomplished together. "

- Jayne Vellinga, Executive Director, CWIT

National Urban League

Partnered with Urban League of Rochester's YouthBuild program to provide young workers opportunities for advancement through a 12-week carpentry training program, GED preparation, and wrap around services to address systemic issues that create barriers to employment.

Funding also supported the purchase of a van as programs require youth to be at multiple locations including training locations and worksites.

"This newly forged partnership will allow us to continue to provide essential services like job training and workforce development to our constituents and close the employment gap."

- Marc H. Morial, President and CEO, National Urban League

DEI Report 2024	06

Vehicles for Change

Provided 15 individuals and families with vehicles, giving them access to better employment and quality of life. Our support also helps their Full Circle Training Program, an employer-driven, paid internship, social enterprise program designed to provide auto mechanic training to individuals with multiple barriers to employment.

"Constellation's support helps us end general poverty and alleviate financial hardship for low-income families."

- Martin Schwartz , President & CEO, Vehicles for Change

At the 2023 V4C Holiday Car Award event, Constellation presented keys to Ali Cornish. The soon-to-be father of three expressed how his access to reliable transportation will enable him to spend more time with his family and less time commuting to work.

HIRE360

Invested additional funds to bolster the organization's workforce development programs supporting pre-apprenticeship NABTU MC3 Curriculum & Training as well as a la carte work with candidates on their schedule, help to pass tests, and enter apprenticeship programs.

"We are excited to partner with Constellation to increase opportunities in construction and the trades to those populations who are currently underrepresented."

- Jay Rowell, Executive Director, HIRE360

Introduction | Strategic Talent Sourcing | Workforce Development | Business (Supplier) Diversity | Equity and Belonging | Community Engagement and Recognitions

Industry Leadership and

Community Impact

Chicago Women in Trades Partner of the Year

We were awarded the Building Together Award by Chicago Women in Trades at their 40th anniversary gala. Ashley Lee, the first African American female out of Chicago Local 1693 Millwrights and participant in Constellation's outage work, presented our Chief Diversity Officer, Rayfield Stringer III with the award to acknowledge Constellation's contributions.

Center for Energy Workforce Development Community Partnership of the Year Award

Additionally, our Chief Diversity Officer contributed to CEWD's DEI Executive Council and provided expertise for their "DEI Roadmap for Industry Change" report. Also, our Director DEI & Workforce Development is a member of Workforce Development Executive Council DEI Forum planning committee. Constellation employees have also participated in multiple CEWD panels and industry convenings to share best practices and program design as a leader this space.

Commitment to the Trades

Building Trades Diversity Pledge Progress

We signed a monumental pledge in February 2023 aimed at increasing access, equity, and advancement opportunities for historically underrepresented groups within the Building

DEI Report 2024	07

We received the Community Partnership Award from The Center for Energy Workforce Development (CEWD) for our work in building a skilled energy workforce that represents the diverse communities where we operate. The award recognizes Constellation's multi-faceted efforts to establish lasting and impactful relationships with the local community.

Constellation became an official sponsor of CEWD's Energy Industry Fundamentals curriculum, helping to reimagine and ensure that it reflects the various clean energy career pathways in nuclear and power generation. We also collaborated with CEWD to promote this curriculum to community partner organizations and educational institutions.

Trades. The pledge also sets standards to eliminate bias and create a culture of belonging in all aspects of recruitment, hiring, training and retention practices. Signatories include 14 members of the North America's Building Trades Unions (NABTU) and industry employers such as Allied Power, Siemens Energy, GE-APM, JJ White, BrandSafway, and Brieser Construction. The signatories formed an oversight committee to facilitate their efforts, which will include annual reporting and transparency of recruitment efforts, areas of opportunity, sharing of best practices, and engagement with community leaders and the workforce development programs.

Oversight Committee

We kicked off the first Oversight Committee meeting in April 2023, hosted by Constellation, followed by regional meetings in NY, MD,

IL, and PA. Each region working with a local Constellation representative and select community organizations to set actions and goals that will meet the standards of the pledge. For more information on the pledge commitments,

please visit:Constellation, Union Partners Sign Pledge to Increase Diversity Among Historically Underrepresented Groups.

Too many Chicagoans work multiple low-wage jobs and still struggle to make ends meet. With $100 billion in projects breaking ground in Chicago over the next 15 years, our hope is to give diverse candidates a better opportunity to be part of the city's construction future.

- Jay Rowell Executive Director HIRE360

Introduction | Strategic Talent Sourcing | Workforce Development | Business (Supplier) Diversity | Equity and Belonging | Community Engagement and Recognitions

	DEI Report 2024	08
CONTINUED

Nuclear Local Site Contributions: Braidwood Site Spotlight Engagement with Joliet Junior College (JJC)

At each of our clean energy centers, volunteers across the plant serve as a catalyst for change and voices for the community. In 2023, we participated in workforce development boards, engaged and invited local and state officials to participate in career awareness programs, and invested $300,000 across all 12 of our operating clean energy centers in scholarships and educational programs.

Our Braidwood Clean Energy Center contribution to Joliet Township High School Scholarships through the Joliet Junior College high school AIM Program is a great example of our commitment in action. This is a new dual credit, education-training program for high school students to qualify for full-time,entry-level positions at our Braidwood, Dresden, and LaSalle clean energy centers. In partnership with SkillsUSA, students will receive mentorship, a two-week job shadow opportunity, site tours

and exposure, and scholarship support to pursue an associate degree while participating in a paid internship at Constellation.

56	90+	16,800+
Local Organizations Funded	Scholarships Provided	People Impacted

Introduction | Strategic Talent Sourcing | Workforce Development | Business (Supplier) Diversity | Equity and Belonging | Community Engagement and Recognitions