UGI releases environmental, social and governance report

King of Prussia-based UGI Corp., a distributor and marketer of energy products and services, recently released its 2023 environmental, social and governance (ESG) report.

Highlights include meeting two years ahead of schedule a commitment to improve spending with diverse Tier I and Tier II suppliers by 25 percent by fiscal 2025, and achieving a 50 percent reduction in Scope I (direct) emissions.

The baseline 2020 number for the Scope 1 emissions reduction does not include the Moraine East acquisition or the Mountaineer acquisition and only takes an ownership interest in the Pine Run acquisition and the Pennant system.

The company is on track to meet its 55 percent reduction commitment by the end of fiscal 2025.

“We have a history of aligning our ESG commitments with our long-term strategy, value creation, and continuous improvement,” Mario Longhi, UGI Corp. interim president and CEO, said. “UGI is committed to evaluating risks and opportunities to uncover innovative and better ways to serve our customers, investors and employees.”

The company also maintained its AAA rating with MSCI.

UGI Corp. provides services in the United States and Europe through its subsidiaries. Services include electric generation and distribution, energy marketing services, midstream services, propane distribution, and natural gas transmission and distribution.

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