UGI releases ESG report with carbon emissions reduction goals

UGI Corp. released its latest environmental, social and governance (ESG) report, highlighting UGI’s commitment to being a leader in renewable energy.

The report, titled The Foundation of a Renewable Energy Future, highlights the company’s plans to reduce emissions by 55 percent over the next 5 years on its ways to meeting carbon reduction goals outlined in the Paris Climate Accord.

To reduce emissions, UGI will employ several strategies. Specifically, it will invest in infrastructure and technology that lowers methane and greenhouse gas (GHG) emissions, incorporate low or zero carbon alternatives energy solutions such as compressed natural gas (CNG), renewable natural gas (RNG), and biogas into its portfolio, transition its fleet to lower carbon solutions, and sell off non-core assets such as Conemaugh.

The Pennsylvania-based energy company is also committed to improving safety measures. The report outlines a plan to reduce total injuries by 35 percent by 2025 and vehicle incidents by 50 percent over that same time period.

Also, UGI created a diversity initiative, called the Belonging, Inclusion, Diversity, & Equity Initiative. It provides the blueprint for achieving greater diversity of gender, race, culture, experience, and thought throughout the organization. Further, UGI is committed to strengthening the communities it serves by providing financial assistance and supporting employee volunteer efforts.

“We are proud of the progress we have made on our ESG initiatives and the publication of our 3rd ESG report. UGI is well-positioned to become a leader in the future of renewable energy by providing energy solutions that are sustainable, reliable, and affordable. Our strategic asset network and proven competencies allow us to address growing customer demand while our teams continue to work hard at identifying new opportunities within the renewable space. We are very proud to announce our ambitious target to lower our direct carbon emissions by 55 percent over the next five years and plan to provide insight into our evolving capital expenditure program that features increasing investments in renewable solutions,” UGI President and CEO John Walsh said.