NW Natural Holdings Issues 2021 Environmental, Social and Governance Report

Source: www.gulfoilandgas.com 9/8/2022, Location: North America

NW Natural Holding Company has released its 2021 Environmental, Social and Governance (ESG) report, providing in-depth coverage of the company’s progress on its ESG goals.

“As NW Natural Holdings expanded the company and navigated a dynamic global landscape in 2021, we intensified our focus on key ESG priorities,” said David H. Anderson, NW Natural Holdings president and CEO. “While continuing to deliver energy safely and reliably, we took initiative on multiple fronts to help move our region to a low-carbon, renewable energy future; safeguard the health and well-being of our employees, customers and neighbors; assist our most vulnerable community members; foster a diverse, inclusive company culture; and maintain a strong foundation of corporate integrity.”

The ESG report, posted online, incorporates disclosures recommended for the industry by the Sustainability Accounting Standards Board (SASB) and includes components of the Task Force on Climate-Related Financial Disclosures (TCFD).

Highlights from the 2021 report include the following:
• Exceeded target pace for achieving the voluntary carbon savings goal laid out in our Low Carbon Pathway
• Delivered the environmental benefits of RNG to our sales customers for the first time under Oregon’s landmark legislation
• Completed one of the first in-depth scenario analysis by a gas utility that analyzes possible ways to achieve carbon neutrality by leveraging our existing system
• Launched a new Sustainable Financing Framework and issued inaugural sustainable financings incorporating our long-held focus on these matters into another component of our business
• Continued to operate one of the most modern, tightest systems in the nation
• Reduced the number of workplace injuries to the lowest level in over a decade
• Ranked #2 in the West by residential customers in the J.D. Power survey for the 18th year running
• Contributed nearly $1 million to organizations supporting families and children at risk
• Elected a woman as chair of NW Natural Holdings’ board of directors, one of only 7% of publicly traded companies in the United States, and increased the number of women on the board to 45%
• Developed an approach to increase diversity in our workforce and raise awareness of internal systems that could limit representation and equity for underrepresented employees
• Invested in critical infrastructure, cybersecurity, safety, and customer support improvements across our growing NW Natural Water family of utilities
• Launched NW Natural Renewables to supply low-carbon fuels for the utility, commercial, industrial and transportation sectors
• Recognized by Ethisphere® as one of the 2022 World’s Most Ethical Companies®

“NW Natural has been a trusted energy provider in the Pacific Northwest for 163 years, and we’re committed to caring for people and the environment where we grew up,” said Anderson. “We’ve evolved many times since 1859 to meet the changing needs of our region, and I hope this ESG report provides a view of the passion and principle we continue to bring to that mission.”

“World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC

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