VALLEY FORGE, PA — UGI Corporation (NYSE: UGI) has released its 2023 environmental, social, and governance (ESG) report, titled “The Journey: Managing Climate Risks and Opportunities.” The report highlights the company’s significant progress in reducing emissions and enhancing supplier diversity.
UGI announced a 50% reduction in Scope I (direct) emissions, putting it on track to meet its goal of a 55% reduction by the end of fiscal 2025. The company also met its target of increasing spend with diverse Tier I and Tier II suppliers by 25%, two years ahead of schedule.
The sixth ESG report from UGI outlines the company’s alignment with several United Nations Sustainable Development Goals. Key achievements include maintaining an AAA rating with MSCI, improving its Carbon Disclosure Project (CDP) score to a “B,” and upgrading to the Medium-Risk category with Morningstar Sustainalytics.
“We have a history of aligning our ESG commitments with our long-term strategy, value creation, and continuous improvement,” said Mario Longhi, Interim President and CEO of UGI Corporation. “UGI is committed to evaluating risks and opportunities to uncover innovative and better ways to serve our customers, investors, and employees.”
Longhi added, “As we navigate climate assessments, scenario analyses, and feedback from our stakeholders, we are confident that we will continue to develop new ways to minimize risk while maximizing the opportunities associated with climate change.”
These accomplishments underscore UGI’s dedication to sustainable business practices and its proactive approach to managing climate-related risks and opportunities.
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