DOVER,
Del., Sept. 23, 2024 /PRNewswire/ -- Chesapeake
Utilities Corporation (NYSE: CPK) announces the release of its
2023 Environmental Stewardship Report, which can be accessed at
www.chpk.com. The report is the second in a series of micro-reports
and highlights the Company's continued progress in reducing
emissions and contributing to a more sustainable future.
"The focus on sustainability is supported and shared across our
organization. Our team identifies and pursues emission-reducing
projects, not only internally but also to support our customers'
sustainability goals," said Jeff
Householder, chair of the board, president and CEO of
Chesapeake Utilities Corporation. "We see sustainability in action
through projects like the creation of a CNG/RNG-fueled,
self-contained irrigation and waste pump at our renewable natural
gas (RNG) production facility in Florida; and the expansion and utilization of
facilities to accept injections of RNG produced at our Planet Found
Energy Development facility in Maryland and Full Circle Dairy in Florida. Sustainability is a key driver in our
growth strategy and across our operating footprint."
Chesapeake Utilities began reporting Scope 1 and Scope 2
emissions with the 2019 calendar year and continues to refine its
data collection, measurement and reporting processes.
Calendar year 2023 marked a 25% reduction in reported Scope 1 and
Scope 2 emissions since 2019, with a 10% year-over-year reduction,
accomplished as the Company recorded its 17th consecutive year of
increased earnings in 20231. Chesapeake
Utilities sought and obtained a limited level of assurance by an
independent third party for each reported calendar year. To
further support its emissions reduction efforts, the Company also
established a cross-functional methane emissions reduction
committee in early 2024.
In 2023, Chesapeake Utilities continued to minimize the
environmental footprint of its customers and communities by:
- Supporting the RNG value chain with the Company's first
waste-to-RNG facility now injecting into Chesapeake Utilities'
pipeline and investing in renewable infrastructure through the
MACH2TM hydrogen hub and customer-owned combined heat
and power facilities.
- Promoting conservation and energy efficiency, including
proposing to establish a first-of-its-kind natural gas energy
efficiency portfolio in Delaware,
which received regulatory approval in 2024.
- Reaching unserved areas safely and responsibly by extending
pipelines to provide natural gas to underserved areas, outpacing
the national average annual growth rate for new natural gas
customers again in 2023.
The Environmental Stewardship Report represents the second of
three planned micro-reports focused on the Company's advancements
in sustainability. The first report, issued in April of this
year, focused on safety and reliability. The third micro-report,
which will focus on community impact reporting on DEI initiatives
and investments in people, communities and customers, will be
released in early 2025.
1 Excluding TCJA impact in 2017 and
excluding transaction and transition costs associated with the
acquisition of Florida City Gas, which Chesapeake Utilities
acquired on November 30, 2023.
Florida City Gas is not included in the reported Scope 1 and Scope
2 emissions for calendar year 2023.
About Chesapeake Utilities Corporation
Chesapeake
Utilities Corporation is a diversified energy delivery company,
listed on the New York Stock Exchange. Chesapeake Utilities
Corporation offers sustainable energy solutions through its natural
gas transmission and distribution, electricity generation and
distribution, propane gas distribution, mobile compressed natural
gas utility services and solutions, and other businesses.
Please note that Chesapeake Utilities Corporation is not
affiliated with Chesapeake Energy, an oil and natural gas
exploration company headquartered in Oklahoma City, Oklahoma.
Media contact:
Brianna Patterson
Manager, Public Relations and Strategic Communications
419-314-1233
bpatterson@chpk.com
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SOURCE Chesapeake Utilities Corporation
