May 14, 2021. UGI Corporation released its third Environmental, Social and Governance (ESG) report titled, “The Foundation of a Renewable Energy Future”, where it 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 5 years1 on its path to align with international efforts to reduce carbon emissions as outlined in the Paris Climate Accord. 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 biogas into its supply portfolio, transitioning the fleet to lower carbon solutions, and the sale of non-core assets such as Conemaugh.
John L. Walsh, President and Chief Executive Officer 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. 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.”