2023 Voluntary Disclosure Index

PPL CORPORATION

2023 Sustainability Report

Voluntary Disclosure Index

PPL 2023 SUSTAINABILITY REPORT

Voluntary Disclosure Index

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PPL's annual sustainability report has been prepared in accordance with the following voluntary frameworks and initiatives: the Global Reporting Initiative (GRI) Universal Standards, including electric utility sector specific indicators, the Sustainability Accounting Standards Board (SASB) Standard for electric and gas utilities and the Task Force for Climate-related Financial Disclosure (TCFD), and the United Nations Sustainable Development Goals (UNSDGs). These disclosures are meant to assist our investors, customers, business partners and other stakeholders in obtaining standardized disclosure. Unless otherwise noted, this document covers all of PPL Corporation (NYSE: PPL) and its subsidiaries, and all quantitative data covers the period from Jan. 1 to Dec. 31, 2023.

DISCLOSURE	PPL'S RESPONSE	GRI	SASB	TCFD
The organization and its reporting practices
Organizational details	PPL at a glance	2-1	IF-EU-000.A
	Our companies		Number of: (1) residential, (2) commercial and (3) industrial
		customers served
	Performance data
		IF-EU-000.B
	Customers
		Total electricity delivered to: (1) residential, (2) commercial,
			(3) industrial, (4) all other retail customers and (5) wholesale
			customers
			IF-EU-000.C
			Length of transmission and distribution lines
			IF-EU-000.D a)Total electricity generated, percentage by
			major energy source, percentage in regulated markets
			b) Total wholesale electricity purchased
			IF-GU-000.A
			Number of: (1) residential, (2) commercial and (3) industrial
			customers served
			IF-GU-000.B
			Amount of natural gas delivered to (1) residential customers,
			(2) commercial customers, (3) industrial customers and (4)
			transferred to a third party
			IF-GU-000.C
			Length of natural gas transmission and distribution lines
Entities included in the	Our companies	2-2
organization's sustainability
reporting
Reporting period, frequency and	PPL's 2023 Corporate Sustainability Report is	2-3
contact point	developed on an annual basis for calendar year 2023
	and was published April 2024. Any questions regarding
	the report can be directed to [e-mail].
Restatements of information	PPL had no significant restatements to report in 2023.	2-4
External Assurance	External assurances for this report have not been	2-5
	conducted.

Voluntary Disclosure Index

PPL 2023 SUSTAINABILITY REPORT

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DISCLOSURE		PPL'S RESPONSE	GRI	SASB
Activities and workers
Activities, value chain,		PPL at a glance
	2-6
and other business relationships		Our companies
		Supply chain management
Employees		Our employees	2-7
Workers who are not employees		Contractor Safety	2-8
Governance

TCFD

Governance structure and	Corporate Governance Structure	2-9
composition

Nomination and selection of the	2024 Proxy Statement pages 27-28	2-10
highest governance body
Chair of highest governance	2024 Proxy Statement pages 20-21	2-11
body
Role of the highest governance	Governance and management	2-12
body in overseeing the
management of impacts
Delegation of the responsibility	Governance and management	2-13
for managing impacts
Role of the highest governance	Governance and management	2-14
body in sustainability reporting	Sustainability governance
Conflicts of interest	PPL Corporation's Independence Guidelines	2-15
Communication of critical	Anyone wishing to make their concern known to PPL's	2-16
concerns	board, its independent chair, any board member, or the
	independent directors as a group, may do so by writing
	to such person or persons in care of the Corporate
	Secretary's Office at PPL Corporation, Two North Ninth
	Street, Allentown, PA 18101.
Collective knowledge of the	Board Composition	2-17
highest governance body
Evaluation of the performance of	2024 Proxy Statement pages 6-19	2-18
the highest governance body
Renumeration policies	Responsible compensation	2-19

Governance

Describe management's role in assessing and managing climate- related risks and opportunities

Governance

The board's oversight of climate-related risks and opportunities

Governance

The board's oversight of climate-related risks and opportunities

Voluntary Disclosure Index

PPL 2023 SUSTAINABILITY REPORT

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DISCLOSURE		PPL'S RESPONSE	GRI	SASB
Process to determine		2024 Proxy Statement pages 26	2-20
remuneration
Annual total compensation ratio		2024 Proxy Statement pages 82	2-21
Strategy, policies and practices
Statement on sustainable		Our sustainability strategy
	2-22
development strategy
Policy commitments		Legislative and policy positions	2-23
Process to remediate negative		Ethics and compliance	2-25
impacts
Mechanisms for seeking advice		Ethics and compliance	2-26
and raising concerns
Compliance with laws and		Ethics and compliance	2-27
regulations
Membership associations		Public policy engagement	2-28
Stakeholder engagement

TCFD

Approach to stakeholder	Stakeholder engagement	2-29
engagement	Energy equity, environmental justice and a just
	transition
Collective bargaining	Collective bargaining	2-30
agreements
Disclosure on material topics	Our sustainability priorities
Process to determine material	Our sustainability priorities	3-1
topics
List of material topics	Our sustainability priorities	3-2
Management of material topics	Sustainability governance	3-3

Metrics and Targets a. Disclose the metrics used by the organization to assess climate- related risks and opportunities in line with its strategy and risk management process.

Voluntary Disclosure Index				PPL 2023 SUSTAINABILITY REPORT
	DISCLOSURE		PPL'S RESPONSE		GRI		SASB		TCFD
	Economic performance
	Direct economic value		2023 Form 10-K
			201-1
	Financial implications and other		Risks and opportunities		201-2		Strategy
	risks and opportunities for the						a) Describe the climate-related risks and opportunities the
	organization's activities due to
						organization has identified over the short, medium, and long
	climate change
						term
							b) Describe the impact of climate-related risks and opportunities
							on the organization's businesses, strategy and financial
							planning
							c) Describe the resilience of the organization's strategy, taking
							into consideration different climate-related scenarios,
							including a 2°C or lower scenario
							Risk Management
							a) Describe the organization's processes for identifying and
							assessing climate-related risks
							b) Describe the organization's processes for managing
							climate-related risks
							c) Describe how processes for identifying, assessing, and
							managing climate-related risks are integrated into the
							organization's overall risk management
	Coverage of the organization's		2023 Form 10-K		201-3
	defined benefit plan obligations
	Market presence
	Ratios of standard entry-level		PPL's companies seek to provide work hours, wages
			202-1
	wage by gender compared to		and benefits in compliance with all applicable laws,
	local minimum wage		including regulations related to stable scheduling and
			work hours.
	Proportion of senior		Hiring and promotion is based on merit, not whether a		202-2
	management hired from the		candidate is from a particular locality.
	local community
	Infrastructure investments and		Grid modernization		203-1		IF-EU-420a.1
	services supported		Research and development				Percentage of electric utility revenues from rate structures that
						(1) are decoupled and (2) contain a lost revenue adjustment
							mechanism (RAM)
							IF-GU-420a.1
							Percentage of natural gas utility revenues from rate structures
							that (1) are decoupled and (2) contain a lost revenue adjustment
							mechanism (RAM)

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Voluntary Disclosure Index					PPL 2023 SUSTAINABILITY REPORT
	DISCLOSURE		PPL'S RESPONSE		GRI		SASB		TCFD
	Significant indirect economic		Economic development		203-2
	impacts		Customer assistance
			Charitable giving
	Proportion of spending on local		Supply chain management		204-1
	suppliers
	Professional integrity
	Operations assessed for risks		All business units are subject to anti-corruption risks
			205-1
	relate to corruption		analysis.
	Communication and training on		All employees receive annual anti-corruption training		205-2
	anti-corruption policies and		as well as training on a variety of important policies
	procedures		and procedures. PPL's Standards of Integrity, which
			highlights certain key policies and procedures, can be
			accessed online at any time.
	Confirmed incidents of		PPL does not publicly disclose this information.		205-3
	corruption and actions taken
	Total number of legal actions for		PPL does not publicly disclose this information.		206-1
	anti-competitive behavior,
	anti-trust and monopoly
	practices and their outcomes.
	Tax
	Approach to tax
				207-1
	Tax governance, control and risk				207-2
	management		Taxes are discussed throughout the 2023 Form 10-K.
			See Note 6 beginning on page 116.
	Stakeholder engagement and			207-3
	management of concerns related
	to tax
	Environmental management
	Materials used by weight or		Fuel consumption
			301-1
	volume		Waste management
			Water use and management
	Recycled input material used		We continue to investigate opportunities to incorporate		301-2
			recycled fuels in our operations.
	Energy consumption within the		Energy consumption and output		302-1
	organization

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Voluntary Disclosure Index				PPL 2023 SUSTAINABILITY REPORT
	DISCLOSURE		PPL'S RESPONSE		GRI		SASB		TCFD
	Energy consumption outside the		Energy consumption and output		302-2
	organization
	Energy intensity		Carbon intensity		302-3
	Reduction of energy		Energy efficiency		302-4		IF-EU-420a.3
	consumption						Customer electricity savings from efficiency measures, by
							market
							IF-GU-420a.2
							Customer natural gas savings from efficiency measures, by
							market
	Reductions in energy require-		Energy efficiency		302-5
	ments of products and services
	Interactions with water as a		Water use and management		303-1
	shared resource
	Management of water		Water use and management		303-2		IF-EU-140a.2
	discharge-related impacts		Total number and volume of significant spills				Number of incidents of noncompliance associated with water
						quantity and/or quality permits, standards and regulations
	Water withdrawal		Water use and management		303-3		IF-EU-140a.1
							Water withdrawn, water consumed and percentage from
							water-stressed areas
							IF-EU-140a.3
							Description of water management risks and discussion of
							strategies and practices to mitigate those risks
	Water discharge		Water use and management		303-4
	Water consumption		Water use and management		303-5
	Operational sites owned, leased,		Biodiversity		304-1
	managed in or adjacent to
	protected areas and areas of
	high biodiversity value outside
	protected areas
	Significant impacts of activities,		Biodiversity		304-2
	products and services on
	biodiversity
	Habitats protected or restored		Biodiversity		304-3
	IUCN Red List species and		Biodiversity		304-4
	national conservation lists
	species with habitats in areas
	affected by operations

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Voluntary Disclosure Index

PPL 2023 SUSTAINABILITY REPORT

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DISCLOSURE	PPL'S RESPONSE	GRI	SASB	TCFD
Direct greenhouse gas (GHG)	Net-zerogoal-related emissions	305-1	IF-EU-110a.1	Metrics and Targets
emissions (Scope 1)	Other CO2e Emissions		a. Scope 1 emissions	b) Disclose Scope 1,
		b. Percentage covered under emissions limiting regulations	Scope 2, and, if
			c. Percentage covered under emissions limiting regulations	appropriate, Scope 3
				greenhouse gas (GHG)
				emissions, and the
				related risks
Energy indirect greenhouse gas	Net-zerogoal-related emissions	305-2	IF-EU-110a.2	Metrics and Targets
(GHG) emissions (Scope 2)			Greenhouse gas (GHG) emissions associated with power	b) Disclose Scope 1,
			deliveries	Scope 2, and, if
				appropriate, Scope 3
				greenhouse gas (GHG)
				emissions, and the
				related risks
Other indirect greenhouse gas	Net-zerogoal-related emissions	305-3		Metrics and Targets
(GHG) emissions (Scope 3)	Other CO2e Emissions			b) Disclose Scope 1,
			Scope 2, and, if
				appropriate, Scope 3
				greenhouse gas (GHG)
				emissions, and the
				related risks Metrics and
				Targets
Greenhouse gas (GHG)	Carbon intensity	305-4
emissions intensity
Reduction of greenhouse (GHG)	Net-zerogoal-related emissions	305-5	IF-EU-110a.3
emissions	Enabling clean energy resources		Discussion of emissions reduction strategies
		IF-EU-110a.4
			Number of customers served in markets subject to renewable
			portfolio standards (RPS) and fulfillment
Emissions of ozone-depleting	This is not material to PPL.	305-6
substances (ODS)
NOx, SOx, and other significant	Air emissions	305-7	IF-EU-120a.1
air emissions			a) NOx and SO2
			b) Particulate Matter (PM10)
			c) Lead (Pb)
			d) Mercury (Hg)

Voluntary Disclosure Index				PPL 2023 SUSTAINABILITY REPORT
	DISCLOSURE		PPL'S RESPONSE		GRI		SASB		TCFD
	Waste generation and significant		Waste management		306-1
	waste-related impacts
	Management of significant		Waste management		306-2		IF-EU-150a.1
	waste-related impacts						Amount of coal combustion residuals (CCR) generated,
							percentage recycled
							IF-EU-150a.2
							Total number of coal combustion residual (CCR) impoundments,
							broken down by hazard potential classification and structural
							integrity assessment
	Waste generated		Waste management		306-3
	Waste diverted from disposal		Waste management		306-4
	Waste directed to disposal		Waste management		306-5
	New suppliers that were		Supplier Code of Conduct		308-1
	screened using environmental
	criteria
	Negative environmental impacts		Supplier Code of Conduct		308-2
	in the supply chain and actions
	taken
	Social
	New employee hires and		Workforce planning
			401-1
	employee turnover
	Benefits provided to full-time		Benefits		401-2
	employees that are not provided
	to temporary or part-time
	employees
	Parental leave		PPL offers family-friendly parental and caregiver leave,		401-3
			including financial assistance for adoption and more
			flexibility with sick time, allowing employees to tend to
			family members or aging parents if the need arises.
			Eligible employees can take up to six consecutive
			weeks of paid leave following the birth or adoption of a
			child. In 2023, 38 women and 138 men used parental
			leave. A total of 171 employees retured to work,
			resulting in a 97.2% retention rate.
	Minimum notice periods		Notice periods vary by collective bargaining		402-1
	regarding operational changes		agreement. We comply with applicable laws,
			regulations and collective bargaining agreements.
	Occupational health and safety		Safety programs		403-1
	management system

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Voluntary Disclosure Index				PPL 2023 SUSTAINABILITY REPORT
	DISCLOSURE		PPL'S RESPONSE		GRI		SASB		TCFD
	Hazard identification, risk		Safety		403-2		IF-GU-540a.1
	assessment, and incident		2022 EEI-AGA ESG/Sustainability Report				Number of (1) reportable pipeline incidents, (2) Corrective Action
	investigation					Orders (CAO) and (3) Notices of Probable Violation (NOPV)
							IF-GU-540a.2
							Percentage of distribution pipeline that is (1) cast and/ or
							wrought iron and (2) unprotected steel
							IF-GU-540a.3
							Percentage of natural gas (1) transmission and (2) distribution
							pipelines inspected
							IF-GU-540a.4
							Description of efforts to manage the integrity of natural gas
							delivery infrastructure, including risks related to safety and
							emissions
	Occupational health services		Safety		403-3
	Worker participation,		Safety programs		403-4
	consultation, and communication
	on occupational health and
	safety
	Worker training on occupational		Safety programs		403-5
	health and safety
	Promotion of worker health		Safety		403-6
	Prevention and mitigation of		Safety		403-7
	occupational health and safety
	impacts directly linked by
	business relationships
	Workers covered by an		Safety		403-8
	occupational health and safety
	management system
	Work-related injuries		Safety		403-9		IF-EU-320a.1
							a. Occupational safety statistics
	Work-related ill health		Safety		403-		IF-EU-320a.1
					10		a. Occupational safety statistics
	Average hours of training per		Training and development		404-1
	year per employee
	Programs for upgrading skills		Training and development		404-2
	and transition assistance
	programs

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