Report details continued progress toward
Spire's carbon neutrality commitment
ST.
LOUIS, June 8, 2023 /PRNewswire/ -- Today, Spire
Inc. (NYSE: SR) published its annual Sustainability Report covering
the company's continued progress across four key priorities: the
environment, safety, people and governance, while highlighting 2022
activities that move the company toward becoming carbon neutral by
midcentury.
The report highlights the company's continued focus on operating
in a sustainable manner, while reporting on Environmental, Social
and Governance (ESG) efforts. In addition, the report features
disclosures aligned with ONE Future, the Sustainability Accounting
Standards Board (SASB) and the Task Force on Climate-Related
Financial Disclosures (TCFD). With the 2022 report, Spire has
achieved 100% compliance with the Global Reporting Index (GRI).
Spire's sustainability efforts have earned national recognition
four years in a row as one of America's Most Responsible Companies,
with Newsweek citing strong performance in three
areas—environment, social and corporate governance.
"Together, our 3,600 hardworking employees have grown and
transformed Spire, while focusing on the safety and reliability of
our systems, reducing emissions, and advancing innovation to better
serve our customers," said Suzanne
Sitherwood, Spire president and CEO. "Our future is bright,
and we'll continue using the strength of our energy to keep
advancing and innovating for a more sustainable energy
future."
Highlights of the report include:
Environment. In support of Spire's commitment to become a
carbon neutral company by midcentury, the company has continued to
move steadily toward this goal.
In 2022, Spire achieved a reduction in methane emissions
from its core gas utility distribution system by more than 50%
since 2005 and is on target to reduce these emissions 73% by 2035.
In addition, Spire:
- Reported a 24,400 metric ton CO2e reduction, or 6.3%, compared
to our 2021 baseline, including a 19% reduction in total emissions
at Spire Storage's Wyoming
facility
- Replaced 255 additional miles of aging infrastructure, which
resulted in a 19.5% leak reduction per 1,000 system miles of
distribution pipelines compared to FY21, marking a 66% reduction in
leaks over the last five years
- Began implementing a renewable natural gas (RNG)
strategy
Safety. Safety is a core value at Spire, with the safety
and well-being of employees, customers and communities a daily
focus. In FY22, Spire:
- Completed installation of new technology to promote safe
driving of company vehicles
- Saw substantial drops in both the Occupational Safety and
Health Administration Days Away, Restricted, or Transferred (DART)
rate (18.5%) and the motor vehicle accident rate (17.6%)
People. With 3,500 employees who dedicate their time,
talent and passion to serving customers every day, Spire fosters a
safe and inclusive culture where everyone feels they belong.
And as champions of people, Spire meets the evolving needs of
customers by enhancing customer programs and services.
In addition, Spire continues to advance the communities they
serve through targeted investments in charitable organizations and
economic development initiatives, as well as sponsorships and
memberships in organizations that align with the company's values
and business strategy. In FY22, Spire:
- Continued developing and maintaining a strong workforce,
from how the company recruits new employees, to integrating
diversity, equity and inclusion (DEI) efforts, to developing the
workforce and keeping employees informed and engaged
- Helped connect families with more than $27 million in federal, state and Spire energy
assistance funding
- Supported communities with over $5.9
million in social investment. In addition, Spire matched
more than $111,000.00 in donations to
support organizations employees care about most. Since 2017, Spire
has made nearly $600,000 in matching
gifts to nonprofits
- Saw almost 1,500 employees support 132 community organizations
across Alabama, Mississippi, Missouri, Texas and Wyoming in volunteer service activities
as part of the Day for Good campaign – a 20% increase in
participants over 2021 numbers. In total, employees volunteered
more than 13,000 hours, a 45% increase over 2021.
Governance. Spire's strong financial and operational
performance results are rooted in effective corporate governance
practices, overseen by the board of directors. Among
highlights:
- Spire performed a robust evaluation of director skills and
experience that will be needed in future Board succession planning
efforts
- Spire's board continued to refine its oversight
responsibilities over sustainability efforts
Spire's complete Sustainability report can be accessed at
spireenergy.com/sustainability.
Conference Call and Webcast
Spire will host a conference call and webcast to discuss its ESG
commitments, initiatives and performance in support of a more
sustainable energy future. To access the call, please dial the
applicable number approximately 5-10 minutes in advance.
Date and
Time:
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June 14,
2023
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8 a.m. CT (9 a.m.
ET)
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Phone
Numbers:
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U.S. and
Canada:
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844-824-3832
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International:
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412-317-5142
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The webcast can be accessed at
Investors.SpireEnergy.com under Events & presentations. A
replay of the call will be available at 10
a.m. CT (11 a.m. ET) on
June 14 until July 14, 2023, by dialing 877-344-7529 (U.S.),
855-669-9658 (Canada), or
412-317-0088 (international). The replay access code is
3603617.
About Spire
At Spire Inc. (NYSE: SR), we believe energy exists to help make
people's lives better. It's a simple idea, but one that's at the
heart of our company. Every day we serve 1.7 million homes and
businesses making us one of the largest publicly traded natural gas
companies in the country. We help families and business owners fuel
their daily lives through our gas utilities serving Alabama, Mississippi and Missouri. Our natural gas-related businesses
include Spire Marketing, Spire STL Pipeline and Spire Storage. We
are committed to transforming our business through growing
organically, investing in infrastructure, and advancing through
innovation. Learn more at SpireEnergy.com.
Media Contact:
Jason Merrill
314-365-7125
Jason.Merrill@SpireEnergy.com
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SOURCE Spire Inc.