Constellation Energy Corp

Engaged Workforce

Our employees are our greatest assets. We strive to create a workplace that is diverse, inclusive, innovative, and safe for our employees. In order to provide the services and products that our customers expect, we focus on creating the best teams to foster community, mutual respect and the empowerment of employees to be their authentic selves. We strive to attract highly qualified and diverse talent and routinely review our hiring, development and promotion practices to maintain equal opportunity and bias free processes.

We develop our future workforce by focusing on three main areas: (1) elevating career awareness by promoting STEM and energy career pathways; (2) fostering equitable access by reducing and eliminating barriers; and (3) advancing the skills of workers by investing in training, reskilling and upskilling programs. To advance this strategy, in February 2023, we launched Powering Change, a $1 million workforce development program that provides grants to five non-profit organizations with a focus on these three areas. In July 2023, we expanded this effort with an additional investment of $250,000 to include a sixth organization dedicated to this work.

We conducted an employee engagement survey at the end of 2022 to gain insight into engagement and job satisfaction within our workforce and will use it and future surveys to help identify our successes and opportunities for growth. The survey results are shared with leaders at all levels and they are also part of action planning to increase engagement. A robust action planning process is implemented that integrates both centralized action for organization-wide issues and leader-led action for areas unique to their own work groups and/or business areas.

Career Development

We strive to prepare our workforce for the future and help our employees develop competencies to progress in their careers. We work to continuously expand the knowledge and skills of our workforce through formal assessments, feedback, coaching, mentoring, training, leadership development programs and targeted developmental experiences.

Well-Being and Benefits

We help our employees maintain and improve their overall well-being, and we offer a wide range of benefits that support physical, mental, financial, and family health. Our comprehensive benefits help our employees care for themselves and their families, now and in the future.

Community

We actively invest in community development through philanthropic giving and employee volunteerism. We work to build a future in which our employees, customers, business associates and communities benefit equitably from social, environmental and economic progress. We provide opportunities for company-sponsored volunteerism and charitable matching gifts programs. Our employees donated $5.1 million to non-profit organizations and provided just over 102,000 volunteer hours in 2023.

Next Generation of Talent

We aim to attract, retain and advance a world-class workforce that effectively serves our customers and communities. We work toward this objective by sourcing and developing a diverse talent pipeline and cultivating an inclusive and respectful culture where all individuals can develop to reach their full potential.

Through our talent acquisition strategy, we work with universities and organizations to attract and recruit STEM-focused students and professionals from diverse backgrounds. Our diversified sourcing strategy includes collaboration with specific universities, technical schools and other organizations. We established relationships with diversity-focused organizations, including Disability:IN, Recruit Military, Society of Women Engineers and National Society of Black Engineers. Through these collaborations, we participate in mentoring programs, conferences, career fairs and industry events to assist with recruiting interns and full-time employees. In 2023, we hired just over 1,500 employees.

Diversity Metrics

We conduct analyses of gender and racial pay equity. We also provide training and review hiring and promotion processes to avoid unconscious bias and include equal pay efforts in broader company-wide equity initiatives. These actions help to create an environment where all employees can thrive and advance as equal members of the workforce.

The following table shows diversity metrics for all employees, management, and executives based on self-disclosed information as of December 31, 2023:

(a)Regular employees hold a position where employment is for an indeterminate period and the position is expected to continue on an ongoing basis.

(b)Temporary employees hold a position (with or without a contract) for a limited period with an expected end date, typically based on completion of a specific assignment, project, or event.

(c)Management is defined as managers as well as all employees who have direct reports and supervisory responsibilities.

(d)Executives are defined as vice presidents and senior level officials that plan, direct, or coordinate activities typically with the support of subordinate executives and managers. See ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE for a discussion of certain executive officers.

(e)Metric is based on the number of regular employees.

(f)For reporting purposes, "Employees within 10 years of retirement" are those employees who are within 10 years of age 55 and are within 10 years of service.

Turnover Rates

As turnover is inherent, management succession planning is performed and tracked for executives enterprise wide. Management frequently reviews succession planning to be prepared when positions become available.

The table below shows the turnover rate for all employees, excluding temporary employees, for the year ended December 31, 2023:

(a)For reporting purposes, reflects employees who were at least 55 years of age and had at least 10 years of service at the time they ended employment.

Collective Bargaining Agreements

Approximately 25% of employees participate in CBAs. The following table presents employee information, including information about CBAs, as of December 31, 2023:

(a)Does not include CBAs that were extended in 2023 while negotiations are ongoing for renewal.