NiSource Inc. (NYSE: NI), one of the nation’s largest fully-regulated utility companies, has released its 2024 ESG Report – Creating Shared Value. The report highlights significant progress on initiatives aimed at benefiting the communities NiSource serves while maintaining customer value and fostering thoughtful growth. These initiatives include diversifying energy options with low-carbon fuels and renewable sources, evolving gas and electric system operations, and ensuring services are affordable, accessible, and valuable to customers.
“Utilities are the backbone of a thriving economy and can transition to cleaner energy in a balanced way that serves our communities and protects the environment,” said Lloyd Yates, NiSource President and CEO. “We are proud to lead the industry in innovative approaches to a sustainable and resilient energy future.”
Key highlights from the report:
- Driving Towards a Net-Zero Future: Committed approximately $4 billion to generation transition investments and progressing towards net-zero greenhouse gas emissions by 2040.
- Investing in our Communities: Advanced economic inclusion initiatives and increased diverse supplier spend to 19%, aiming for 25% by 2025.
- Ensuring a Diverse and Inclusive Workplace: Since 2023, increased the number of diverse and female officers and expanded spending with diverse supply partners to help build an inclusive society.
- Leading with Integrity: Refreshed 25% of the Board in the last two years, adding expertise in cybersecurity, finance, and industry.
“A sustainable and resilient energy future requires a holistic approach to meet the needs of both people and the environment,” said Melody Birmingham, NiSource Executive Vice President & Group President, Utilities. “The NiSource ESG framework ensures that our strategic business decisions today will benefit future generations.”
