ONE Gas sees emissions reduction by 2025

ESG Investing Basics: What are we trying do to? - Common Interests

ONE Gas released its 2021 Environmental, Social and Governance (ESG) report, one that projects a 41% reduction in the firm’s CO2 emissions by 2025.

It  outlines the company’s progress toward its commitment to helping achieve a cleaner energy future, while fostering a safe and inclusive workplace built on a solid foundation of core values.

“We are confident that natural gas will serve a critical role as we continue to transition into a cleaner energy future,” said Sid McAnnally, president and CEO of ONE Gas. “Groups across our company work every day to identify innovations and improvements that allow us to continue reducing and offsetting our emissions, giving back to our communities and supporting our employees.”

(PRNewsfoto/ONE Gas, Inc.)

The ESG report showcases ONE Gas’ continued investments in optimizing its operations and technology while reaffirming the company’s commitment to providing cleaner, affordable and reliable energy to the communities it serves.

In the report, ONE Gas updates its estimate of Scope 1 CO2e emissions reduction through replacement and protection of distribution mains and service, anticipating those efforts will result in a 41% reduction by 2025 (from 2014 levels).

Other key highlights for 2020 from the report include:

  • a 26.3% decrease in CO2e emissions from 2014-2020 through the replacement and protection of distribution mains and service lines;
  • capital investments totaling more than $515 million, with 70% dedicated to system integrity and replacement projects;
  • more than $3.2 million given back to communities through foundation grants and community investment focused on supporting community engagement, education and workforce development;
  • a workforce comprised of 35% of individuals who identify as members of traditionally underrepresented racial and ethnic groups, compared to the U.S. utility company average of 27%.

The full ESG report is available here.

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