Valley Forge-based UGI Corporation announced Friday that it would commit to reducing its Scope I greenhouse gas emissions by 55 percent over the next five years.
As part of the energy products company’s third Environmental, Social and Governance report entitled “The Foundation of a Renewable Energy Future,” the company said it was committed to being a leader in the renewable energy space and would reduce emissions by investing in infrastructure and technology that lowers methane and greenhouse gas emissions while incorporating low to zero carbon alternative energy solutions such as compressed natural gas, renewable natural gas and bio-gas into its supply portfolio and transitioning its feel to lower carbon solutions.
“We are proud of the progress we have made on our ESG initiatives and the publication of our 3rd ESG report,” John L. Walsh, president and CEO of UGI Corporation, said. “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% over the next five years and plan to provide insight into our evolving capital expenditure program that features increasing investments in renewable solutions.”
The company said it would also aim to reduce the total recordable injuries by 35, as well as reduce the accountable vehicle accidents by 50 percent by 2025.