Emera’s 2021 Sustainability Report Highlights Climate Transition Plan and Continued Progress Toward a Clean Energy Future
HALIFAX, Nova Scotia–(BUSINESS WIRE)–Emera Inc.’s (TSX: EMA) 2021 Sustainability Report was released this morning and is now available on the company’s website.
2021 Sustainability Report highlights include:
- 39% reduction in CO2 emissions across Emera’s operations from 2005 levels
- 65% reduction in the use of coal in generation since 2005
- $5.3B+ planned capital spending on cleaner, reliable energy through 2024
- Continued progress on board diversity with 42% of director positions held by women, including the Chair of the Board
- $13M invested in communities in 2021, with nearly $2 million directed toward DEI initiatives in the communities where Emera operates
The report also highlights the complexity of the energy transition underway in North America and provides details on Emera’s climate transition plan and the progress the company is making on its Climate Commitment.
“Emera’s ESG commitments have been core to our strategy, operations and culture for nearly two decades,” says Scott Balfour, President and CEO, Emera inc. “I’m proud of how our team is delivering for customers and the progress we are making in building a cleaner energy future, more diverse and inclusive teams and communities, and a strong safety culture at Emera.”
Informed by the Taskforce on Climate-related Financial Disclosure (TCFD), the report provides context, information and data in the areas of Governance, Strategy, Risk Management as well as Metrics and Targets related to the energy transition. It also outlines progress being made in other key areas of Emera’s operations including safety, system reliability and diversity, equity and inclusion (DEI).
The report also highlights Emera’s Diversity, Equity, and Inclusion Fund. In 2021, Emera and its operating companies committed to investing a minimum of $5 million over five years to support organizations and initiatives advancing inclusion and diversity in our communities. Almost $2 million from the Fund— which was invested in 2021— reflects Emera’s commitment to an inclusive and diverse culture, supported by active inclusion and diversity employee networks across the organization.
View or download the 2021 Sustainability Report here.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $34 billion in assets and 2021 revenues of more than $5.7 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in three Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H, EMA.PR.J and EMA.PR.L. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional information can be accessed at www.emera.com or at www.sedar.com.