Emera’s 2021 Sustainability Report Highlights Climate Transition Plan

Source: www.gulfoilandgas.com 6/23/2022, Location: North America

2021 Sustainability Report highlights include:
• 39% reduction in CO2 emissions across Emera’s operations from 2005 levels
• 65% reduction in the use of coal in generation since 2005
• $5.3B+ planned capital spending on cleaner, reliable energy through 2024
• Continued progress on board diversity with 42% of director positions held by women, including the Chair of the Board
• $13M invested in communities in 2021, with nearly $2 million directed toward DEI initiatives in the communities where Emera operates

The report also highlights the complexity of the energy transition underway in North America and provides details on Emera’s climate transition plan and the progress the company is making on its Climate Commitment.

“Emera’s ESG commitments have been core to our strategy, operations and culture for nearly two decades,” says Scott Balfour, President and CEO, Emera inc. “I’m proud of how our team is delivering for customers and the progress we are making in building a cleaner energy future, more diverse and inclusive teams and communities, and a strong safety culture at Emera.”

Informed by the Taskforce on Climate-related Financial Disclosure (TCFD), the report provides context, information and data in the areas of Governance, Strategy, Risk Management as well as Metrics and Targets related to the energy transition. It also outlines progress being made in other key areas of Emera’s operations including safety, system reliability and diversity, equity and inclusion (DEI).

The report also highlights Emera’s Diversity, Equity, and Inclusion Fund. In 2021, Emera and its operating companies committed to investing a minimum of $5 million over five years to support organizations and initiatives advancing inclusion and diversity in our communities. Almost $2 million from the Fund— which was invested in 2021— reflects Emera’s commitment to an inclusive and diverse culture, supported by active inclusion and diversity employee networks across the organization.

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