NiSource, one of the largest fully regulated utility companies in the United States, has published its 2024 sustainability report, emphasizing the company’s dedication to operational excellence, safety, customer satisfaction and environmental stewardship.
Titled Powering Vibrant and Viable Communities, the report details NiSource’s advancements in sustainability, showcasing how the company has enhanced existing standards while leveraging technology to introduce new resiliency measures. This concerted focus on sustainability is integral to the company’s overall business strategy.
“Sustainability is a core component of our strategy to mitigate business risks, uphold environmental sustainability and position ourselves as innovators in an evolving energy sector,” said Lloyd Yates, NiSource President and CEO. “It is a way for us to remain steadfast and accountable to our stakeholders, including our investors, our employees, the communities we serve and our customers.”
NiSource’s sustainable goals include prioritizing safety in all operations, fostering stable communities, employee engagement, being responsible environmental stewards, and delivering value to shareholders. Key achievements highlighted in the report are:
- Implementing an agrivoltaics land management strategy with sheep grazing 100 acres of vegetation, successfully combining solar energy with sustainable agriculture.
- Utilizing software to assess gas distribution lines, and other assets across water bodies, to proactively prepare for weather-related events that may impact service to our customers.
- Continuing progress toward a goal of achieving net zero greenhouse gas (GHG) emissions from our operations by 2040, having reduced these emissions by approximately 72% from 2005 levels.
- Donating nearly $8 million supporting more than 700 non-profit organizations and establishing dozens of community partnerships.
- Delivering a total shareholder return of approximately 40%, which demonstrates differentiated value from its peers.
- Retaining certification for the American Petroleum Institute Recommended Practice (API RP) 1173, one of only two utilities in the world with this conformance certification.
- Earning recognition on the Dow Jones Best-In-Class Indices, formerly the Dow Jones Sustainability Indices, marking the 11th consecutive year for the distinction.
“Each year, NiSource and our operating companies across six states discover new, tangible ways to strengthen our resolve to be excellent stewards of the environment while safely delivering the services our customers rely on to power homes, businesses and industries,” said Melody Birmingham, Executive Vice President and Group President for Utilities at NiSource. “Our commitment to sustainability is an essential part of our operating success.”
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