UGI achieved a reduction of greenhouse gas emissions, according to 2022 ESG Report

Valley Forge-based UGI Corporation has achieved a reduction in greenhouse gas emissions and is on track to meet its reduction goals by 2025, according to a new report from the company.

Released on Tuesday, the UGI 2022 ESG Report, “Transparency, Action and Progress,” said the company achieved a 35 percent reduction in Scope I (direct) emissions toward a goal of reducing those emissions by 55 percent by the end of fiscal year 2025. The company has also approved more than $200 million in renewable solutions investments and is on track to meet its commitment to invest over $1 billion by 2025.

“In the past year, we made terrific strides to lower our emissions, invest in renewable solutions for our customers that do not require effort or investment on their part, sharply improve safety data, invest and support our local communities, and strengthen our commitment to diversity,” Roger Perreault, UGI’s president and said.

The report also highlighted UGI’s commitment to progress throughout all aspects of its ESG journey and alignment of the company’s business activities to the United Nations Sustainable Development Goals.

Among its critical safety and diversity goals, was a 26 percent decrease in total recordable injuries, which puts the company on target for its 35 percent reduction in total recordable injuries by 2025. The company also reported a 51 percent decrease in accountable vehicle incidents, exceeding its 50 percent reduction in accountable vehicle incidents by the 2025 goal. UGI also saw an 11 percent increase in diverse suppliers, toward a goal of improved spending with diverse tier 1 and tier II suppliers by 25 percent by 2025.

According to the company the achievements of superior safety and supplier diversity are two important short- and long-term strategic initiatives for the company.

“At UGI, the social components of ESG are critical to our culture, embody our core values, and provide the building blocks for the future,” continued Perreault. “In an effort to align our ESG program with stakeholder expectations, we established two safety goals and a supplier diversity goal in last year’s report. As always, safety is not only our top priority, it is a way of life for us.”