MSCI ESG Research rated UGI Corporation AA in its environmental, social and governance (ESG) Ratings assessment in December.
The upgraded rating positions UGI among the leading companies worldwide for action across ESG matters. It also reflects UGI’s governance practices and improved greenhouse gas mitigation strategies.
“We have been working diligently to enhance and expand our ESG programs and activities over the past several years and are pleased that this is recognized in the MSCI rating upgrade,” UGI President and CEO Roger Perreault said. “UGI is focused on providing its stakeholders with enhanced disclosure to better evaluate our progress on key ESG initiatives and to executing a broad spectrum of ESG actions that will have a positive impact on the families, businesses, and communities we serve. We plan to issue our fourth ESG report in our fiscal third quarter and welcome dialogue around these topics.”
MSCI ESG Research studies, rates, and analyzes the ESG-related business practices of thousands of companies worldwide. The purpose is to provide insights that can help institutional investors identify risks and opportunities that traditional investment research potentially overlooks.
UGI Corp. is a distributor and marketer of energy products and services. Its subsidiaries operate natural gas and electric utilities in Pennsylvania.