NiSource Inc., one of the nation’s largest fully-regulated utility companies, released its 2024 ESG Report – Creating Shared Value today. The report highlights progress on key initiatives designed to make a difference in the communities NiSource serves while maintaining value for customers and enabling thoughtful growth.
These initiatives include continuing to diversify our energy options by including low-carbon fuels and renewable energy sources, evolving our gas and electric systems operations, and structuring our offerings to help ensure NiSource services are affordable, accessible, and an excellent value to our customers.
“Serving as the backbone of a thriving economy, utilities can meet the challenges of transitioning to cleaner energy in a balanced way that serves the interests of our communities while protecting the environment,” said Lloyd Yates, NiSource President and Chief Executive Officer. “We are proud to be one of the leaders in the industry finding innovative approaches to a sustainable and resilient energy future.”
Key highlights from the report:
Driving Towards a Net-Zero Future — Committed approximately $4 billion of cumulative generation transition investments and continued progress towards delivering net-zero greenhouse gas emissions by 2040.
Investing in our Communities — Advanced economic inclusion initiatives and increased our diverse supplier spend to 19%, keeping us on track to achieve our goal of 25% diverse supplier spend by 2025.
Ensuring a Diverse and Inclusive Workplace — Since 2023, NiSource has increased the number of diverse and female officers and increased spending with diverse supply partners to help establish a society where no one is left behind.
Leading with Integrity — Refreshed 25% of the Board in the last two years, adding cybersecurity, financial, and industry experience.
“A sustainable and resilient energy future must include 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 helps ensure the strategic business decisions we make today meet the needs of generations to come.”
