Report details continued progress in reducing
emissions, supporting communities and enhancing governance
ST.
LOUIS, June 13, 2024 /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. The report also
highlights 2023 activities that show the company's continued
progress in reducing emissions and efforts that support Spire's
commitment to the communities they serve.
While Spire continues to safely deliver affordable, reliable and
efficient energy to more than 1.7 million homes and businesses, the
company's sustainability efforts continue to earn national
recognition. In 2024, Newsweek ranked Spire as one of America's
Most Responsible Companies for the fifth year in a row.
"I'm proud to lead Spire and our talented team of employees, who
show time and again their dedication to serving our customers in
ways that move our sustainability initiatives forward," said
Steve Lindsey, Spire president and
chief executive officer. "The future of Spire and our industry is
bright. That's because of the important role that natural gas plays
— and will continue to play — as part of America's sustainable
energy future."
Highlights of the report include:
Environment. Spire continues to reduce Scope 1 and Scope
2 emissions from operations through infrastructure upgrades, fleet
and facilities improvements, as well as additional emissions
reduction strategies.
The company made continued progress toward this goal in 2023 as
Spire:
- Continued a reduction of all greenhouse gas emissions across
the company, reporting a 17,243 metric ton CO2e reduction, or 4.7%,
from 2022 levels
- Replaced more than 173 additional miles of aging
infrastructure, which achieved a 13% leak reduction per 1,000
system miles of distribution pipelines compared to 2022 levels
Safety. Safety is a core value at Spire, with the safety
and well-being of employees, customers and communities one of the
company's greatest responsibilities. Among highlights, Spire:
- Decreased the company's motor vehicle accident rate by 8% from
CY22
- Introduced in-cab audio alerts on all company vehicles to
enhance safe driving practices
- Hosted the 10th annual Safety Management Summit, providing an
opportunity for leaders, frontline workers and safety professionals
across the company to share best practices and expand their
learning, with the goal of providing a safer workplace for all
Spire employees
People. The strength of Spire's business is rooted in the
nearly 3,600 employees who dedicate their time, talent and passion
to serving customers every day while striving to foster a safe and
inclusive culture where everyone feels they belong.
In addition, Spire continues to advance communities through
charitable donations and economic development investments, as well
as sponsorships and memberships in organizations that align with
the company's values and business strategy. In FY23, Spire:
- Connected customers with more than $33
million in federal, state and Spire energy assistance
funding while committing $1 million
in additional customer assistance funding in Missouri
- Donated more than $6.2 million to
support communities, with employees dedicating more than 14,000
volunteer hours, an increase of 6% over FY22 levels
- Continued developing and maintaining a strong workforce –
increasing the percentage of racially diverse employees by 4% over
FY22, introducing a parental leave policy and developing an
enhanced succession planning framework for director-level
employees
Governance. Spire's strong financial and operational
performance results are rooted in effective corporate governance
practices, overseen by the board of directors. Among
highlights:
- Appointed three new directors to the board, including one
female director
- Named Spire's first vice president of sustainability
- Established a Sustainability Council to ensure alignment and
coordination of sustainability initiatives across the company
Spire's complete Sustainability Report can be accessed at
spireenergy.com/sustainability.
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 and Spire Midstream. We are committed to
transforming our business through growing organically, investing in
infrastructure, and advancing through innovation. Learn more at
SpireEnergy.com.
Investor Contact:
Megan L. McPhail
314-309-6563
Megan.McPhail@SpireEnergy.com
Media Contact:
Jason Merrill
314-342-3300
Jason.Merrill@SpireEnergy.com
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SOURCE Spire Inc.
