Exelon Commits to White House Equal Pay Pledge to Promote Gender Equity in the Workplace

Focus on fair pay for women and all employees is part of company’s
commitment to diversity and inclusion

CHICAGO–(BUSINESS WIRE)–Exelon announced a first-time partnership with the White House as a
signatory to the Equal Pay Pledge, an initiative to encourage major
companies to take action and commit their support to closing the
national gender pay gap. Exelon will join other leading companies that
have signed the pledge in acknowledging the critical role businesses
must play in reducing the pay gap and in promoting best practices that
will ensure fundamental fairness for all workers.

As part of Exelon’s commitment, the company will conduct an annual
organization-wide gender pay analysis of all occupations. The company
will also review hiring and promotion processes to neutralize
unconscious bias and embed equal pay efforts into broader
enterprise-wide equity initiatives.

“Signing the White House Equal Pay Pledge affirms our commitment to
upholding fair treatment for all of our employees and aligns with our
values,” said Chris Crane, president and CEO of Exelon. “Diversity and
inclusion is critical to Exelon’s success, and we believe our workforce
programs must include transparency and fairness. Advancing pay equity is
not simply a good business practice; it’s the right thing to do.”

“Inequality in the workforce doesn’t just adversely affect women; it
affects our families and our broader economy,” said White House Senior
Advisor Valerie Jarrett. “As President Obama says, ‘When women succeed,
America succeeds.’ That’s why today’s announcement is a great step in
the right direction and the Obama Administration applauds companies
making this commitment to advance equal pay. However, the work doesn’t
stop there. We must continue to ask what more we can all do to ensure
that the 21st century workplace reflects the priorities and values of
the 21st century worker.”

Exelon’s signing of the Equal Pay Pledge was also recognized by the
National Partnership for Women & Families. “We commend Exelon’s
dedication to promoting pay equity in the workplace by signing the White
House Equal Pay Pledge, and we urge others to follow in the company’s
footsteps to strengthen workplace protections for women and advance fair
and family friendly policies,” said organization President Debra Ness.
“This commitment is an important step in combatting the persistent
gender-based pay gap that harms so many women and families in our
country.”

Exelon is committed to implementing programs to attract and retain the
very best talent to continue to drive growth across our diverse
businesses. The company’s initiatives to support the success of women at
the company include a variety of internal and external programs and
training opportunities focused on women’s development, advancement and
retention. These include sponsorship of the employee resource group
Network of Exelon Women (NEW), a Women’s Leadership Development Summit
and programs such as Leading Women Executives and the Odyssey Network
Business Retreat, an annual conference for multicultural women.

Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the
largest number of utility customers in the U.S. Exelon does business in
48 states, the District of Columbia and Canada and had 2015 revenue of
$34.5 billion. Exelon’s six utilities deliver electricity and natural
gas to approximately 10 million customers in Delaware, the District of
Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its
Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco
subsidiaries. Exelon is one of the largest competitive U.S. power
generators, with more than 32,700 megawatts of nuclear, gas, wind, solar
and hydroelectric generating capacity comprising one of the nation’s
cleanest and lowest-cost power generation fleets. The company’s
Constellation business unit provides energy products and services to
approximately 2.5 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100. Follow
Exelon on Twitter @Exelon.

Contacts

Exelon Corporation
Rhea Lewis Marshall
202-637-0780
rhea.marshall@exeloncorp.com