UGI Issues 3rd Environmental, Social and Governance Report
28 Jul 2021
UGI Corporation has released its third Environmental, Social and Governance (ESG) report titled, The Foundation of a Renewable Energy Future; available on UGI’s ESG website at ugiesg.com.
The report highlights UGI’s commitment to be a leader in the renewable energy space by providing energy solutions that are sustainable, reliable, and affordable. UGI has recently committed to reducing its Scope I (direct) emissions by 55% over the next fie years on its path to align with international efforts to reduce carbon emissions as outlined in the Paris Climate Accord.
John L. Walsh, President and Chief Executive Offer of UGI Corporation said, “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. We are very proud to announce our ambitious target to lower our direct carbon emissions by 55% over the next fie years and plan to provide insight into our evolving capital expenditure program that features increasing investments in renewable solutions.”
UGI will reduce its emissions by investing in infrastructure and technology that lowers methane and greenhouse gas (GHG) emissions, incorporating low or zero carbon alternatives energy solutions such as compressed natural gas (CNG), renewable natural gas (RNG), and bio-Gas into its supply portfolio, transitioning fleet vehicles to lower carbon solutions, and the sale of non-core assets such as the Conemaugh coal-fired power generation facility.