Report outlines the company’s efforts at
environmental stewardship, community engagement, and business
accountability.
NiSource Inc. (NYSE:NI) today released its 2023 ESG Report –
Building Trust for a Sustainable Future. The report highlights
efforts at advancing environmental, social, and governance (ESG)
initiatives as key metrics for the company’s business strategy for
the future of energy.
“Our commitment to putting employees, customers, and the
communities we serve at the center of all we do is the catalyst for
advancing our environmental, social, and governance objectives
across our six-state service area,” said Lloyd Yates, NiSource
President and Chief Executive Officer. “We believe this level of
dedication for corporate excellence, effectively lays the
groundwork for us to serve the energy needs of generations to
come.”
The report outlines the steps NiSource has taken to further its
net zero goal to reduce greenhouse gas emissions from our
operations by 2040, covering Scope 1 and Scope 2 emissions. The
company has also supported land conservation programs, the
restoration of hundreds of acres of electric and gas transmission
rights of way to encourage biodiversity through integrated
vegetation management, soil remediation, seeding, and other
remedies.
NiSource gives back to communities by encouraging and rewarding
thousands of hours of employee volunteerism, providing grants to
community organizations, and having company representatives serve
on boards of nonprofits that align with its ESG goals. Internally,
the company fosters an inclusive workplace by embracing diversity,
equity, and inclusion (DEI) initiatives by creating advancement
opportunities for all and engaging with external partners and
suppliers with likeminded goals.
NiSource is dedicated to ensuring effective and honest
governance that drives and delivers long-term value to all
stakeholders. This includes designing and adhering to a strategy
that is environmentally responsible, fostering a strong corporate
culture, maintaining ethical business conduct throughout the
organization, and improving its communities.
“NiSource is preparing for a future with diverse energy options
that are wholly accessible and will satisfactorily address the
needs of our residential, commercial, and industrial customers,”
said Dan Creekmur, Senior Vice President, Chief Sustainability
Officer. “Integrating ESG principles will help us get there
efficiently while enhancing our value as a company to customers,
communities, employees, investors, and business partners.”
The 2023 ESG Report, an interim document, is the first in what
is expected to be an annual report outlining how ESG priorities are
supporting NiSource’s overall business strategies, including its
Future of Energy strategy, which includes a dynamic range of clean
energy solutions ranging from solar, wind, electricity, and
renewable natural gas to achieve a sustainable supply of energy for
all.
“We know that planning for the energy future is something that
affects everyone,” said Yates. “Individual goals and outcomes may
not fully align across the spectrum, which is why any decisions or
discussions around how we source, produce, and use that energy must
involve diverse perspectives in the conversation. Many of those
decisions are driven by our ESG priorities.”
About Columbia Gas of Pennsylvania
Columbia Gas of Pennsylvania delivers clean, affordable, and
efficient natural gas to approximately 445,000 customers. With
headquarters in Canonsburg, Pennsylvania, it is one of NiSource’s
six regulated utility companies. NiSource (NYSE: NI) is one of the
largest fully regulated utility companies in the United States,
serving approximately 3.2 million natural gas customers and 500,000
electric customers through its local Columbia Gas and NIPSCO
brands. More information about Columbia Gas of Pennsylvania and
NiSource is available at www.ColumbiaGasPA.com and
www.nisource.com.
About NiSource
NiSource Inc. (NYSE: NI) is one of the largest fully-regulated
utility companies in the United States, serving approximately 3.2
million natural gas customers and 500,000 electric customers across
six states through its local Columbia Gas and NIPSCO brands. Based
in Merrillville, Indiana, NiSource's approximately 7,500 employees
are focused on safely delivering reliable and affordable energy to
our customers and communities we serve. NiSource is a member of the
Dow Jones Sustainability Index - North America. Additional
information about NiSource, its investments in modern
infrastructure and systems, its commitments and its local brands
can be found at www.nisource.com. Follow us at
www.facebook.com/nisource, www.linkedin.com/company/nisource or
www.twitter.com/nisourceinc. NI-F
Forward-Looking Statements
This press release contains "forward-looking statements," within
the meaning of Section 27A of the Securities Act of 1933, as
amended (the "Securities Act"), and Section 21E of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"). Investors
and prospective investors should understand that many factors
govern whether any forward-looking statement contained herein will
be or can be realized. Any one of those factors could cause actual
results to differ materially from those projected. These
forward-looking statements include, but are not limited to,
statements concerning our plans, strategies, objectives, expected
performance, and any and all underlying assumptions and other
statements that are other than statements of historical fact.
Expressions of future goals and expectations and similar
expressions, including "may," "will," "should," "could," "would,"
"aims," "seeks," "expects," "plans," "anticipates," "intends,"
"believes," "estimates," "predicts," "potential," "targets,"
"forecast," and "continue," reflecting something other than
historical fact are intended to identify forward-looking
statements. All forward-looking statements are based on assumptions
that management believes to be reasonable; however, there can be no
assurance that actual results will not differ materially.
Factors that could cause actual results to differ materially
from the projections, forecasts, estimates and expectations
discussed in this press release include, among other things, our
ability to execute our business plan or growth strategy, including
utility infrastructure investments; potential incidents and other
operating risks associated with our business; our ability to adapt
to, and manage costs related to, advances in, or failures of,
technology; impacts related to our aging infrastructure; our
ability to obtain sufficient insurance coverage and whether such
coverage will protect us against significant losses; the success of
our electric generation strategy; construction risks and natural
gas costs and supply risks; fluctuations in demand from residential
and commercial customers; fluctuations in the price of energy
commodities and related transportation costs or an inability to
obtain an adequate, reliable and cost-effective fuel supply to meet
customer demands; the attraction and retention of a qualified,
diverse workforce and ability to maintain good labor relations; our
ability to manage new initiatives and organizational changes; the
actions of activist stockholders; the performance of third-party
suppliers and service providers; potential cybersecurity-attacks;
increased requirements and costs related to cybersecurity; any
damage to our reputation; any remaining liabilities or impact
related to the sale of the Massachusetts Business; the impacts of
natural disasters, potential terrorist attacks or other
catastrophic events; the physical impacts of climate change and the
transition to a lower carbon future; our ability to manage the
financial and operational risks related to achieving our carbon
emission reduction goals; our debt obligations; any changes to our
credit rating or the credit rating of certain of our subsidiaries;
any adverse effects related to our equity units; adverse economic
and capital market conditions or increases in interest rates;
economic regulation and the impact of regulatory rate reviews; our
ability to obtain expected financial or regulatory outcomes;
continuing and potential future impacts from the COVID-19 pandemic;
economic conditions in certain industries; the reliability of
customers and suppliers to fulfill their payment and contractual
obligations; the ability of our subsidiaries to generate cash;
pension funding obligations; potential impairments of goodwill; the
outcome of legal and regulatory proceedings, investigations,
incidents, claims and litigation; potential remaining liabilities
related to the Greater Lawrence Incident; compliance with
applicable laws, regulations and tariffs; compliance with
environmental laws and the costs of associated liabilities; changes
in taxation; and other matters set forth in Part I, Item 1,
"Business," Item 1A, "Risk Factors" and Part II, Item 7,
"Management's Discussion and Analysis of Financial Condition and
Results of Operations," of the company's annual report on Form 10-K
for the year ended December 31, 2022, and matters set forth in our
quarterly reports on Form 10-Q for the quarters ended March 31,
2023 and June 30, 2023, some of which risks are beyond our
control.
All forward-looking statements are expressly qualified in their
entirety by the foregoing cautionary statements. We undertake no
obligation to, and expressly disclaim any such obligation to,
update or revise any forward-looking statements to reflect changed
assumptions, the occurrence of anticipated or unanticipated events
or changes to the future results over time or otherwise, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231030429879/en/
Reginald Fields NiSource 614-537-7943
ReginaldFields@nisource.com
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