Chesapeake Utilities Corporation (NYSE: CPK) has announced the release of its 2023 Environmental Stewardship Report, showcasing the company’s ongoing commitment to sustainability and emissions reduction. The report, the second in a series of micro-reports, is available on the company’s website at www.chpk.com.
Jeff Householder, chair of the board, president and CEO of Chesapeake Utilities Corporation, emphasizes the company’s dedication to sustainability, stating, “The focus on sustainability is supported and shared across our organization. Our team identifies and pursues emission-reducing projects, not only internally but also to support our customers’ sustainability goals.”
The report highlights several key achievements:
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Significant Emissions Reduction:
Chesapeake Utilities has achieved a 25% reduction in reported Scope 1 and Scope 2 emissions since 2019 and a 10% year-over-year reduction in 2023. This progress is particularly noteworthy considering the company’s continued growth and the achievement of its 17th consecutive year of increased earnings in 2023.*
Investing in Renewable Energy:
Chesapeake Utilities is actively supporting the renewable natural gas (RNG) value chain, with its first waste-to-RNG facility now injecting RNG into its pipelines. The company is also investing in renewable infrastructure, such as the MACH2™ hydrogen hub and customer-owned combined heat and power facilities.*
Promoting Conservation and Efficiency:
The company is promoting conservation and energy efficiency initiatives, including the proposed establishment of a first-of-its-kind natural gas energy efficiency portfolio in Delaware, which received regulatory approval in 2024.*
Expanding Access to Natural Gas:
Chesapeake Utilities is responsibly expanding its pipeline network to provide natural gas to underserved areas, exceeding the national average annual growth rate for new natural gas customers in 2023.The Environmental Stewardship Report demonstrates Chesapeake Utilities’ commitment to integrating sustainability into its core business operations. The company’s dedication to reducing its environmental footprint and supporting a more sustainable future is evident in its continued investments in renewable energy, energy efficiency, and community engagement. The report is a testament to the company’s commitment to responsible and sustainable energy delivery solutions.
