NiSource Inc. (NYSE: NI), one of the largest fully-regulated
utility companies in the United States, has been named to the Dow
Jones Sustainability Indices (DJSI) for 2023, recognizing the
company as a global leader for its environmental, social, and
corporate governance (ESG) initiatives and ethical standards. It
marks the 10th consecutive year that NiSource has been named to the
DJSI.
“Earning this designation for an entire decade underscores our
longstanding commitment for environmental stewardship and placing
our customers, employees, and the communities we serve at the
forefront of everything we do,” said Michael Luhrs, NiSource’s
Executive Vice President of Strategy and Risk and Chief Commercial
Officer. “We are planning for a sustainable future that includes
diverse energy options that will help ensure we meet the needs of
those we serve for generations to come.”
NiSource’s DJSI recognition comes in part for its progress
towards its 2040 goal of net zero by reducing Scope 1 and Scope 2
greenhouse gas emissions from its operations, achieving a
67-percent Scope 1 reduction since 2005. The company is also on
track to retire all coal assets by 2028, replacing them with
renewable energy sources. Its inclusionary focus includes a goal of
reaching a 25-percent diverse supplier spend by 2025.
“We firmly believe that folding strong environmental, social,
and governance initiatives into our overall business and investment
strategies enhances our record of sustainability and adds value for
us as a utility company,” said Dan Creekmur, NiSource’s Senior Vice
President and Chief Sustainability Officer. “Our focus does not
stop here. There are opportunities for us to continue strengthening
our ESG position as we look to innovative ways to efficiently
deliver energy as a trusted community partner.”
The DJSI are float-adjusted market capitalization weighted
indices that measure the performance of companies selected using
ESG criteria – including practices related to environmental
concerns, economic development and inclusion, supply chain
standards, and risk management. The DJSI was launched in 1999 as a
pioneering global sustainability benchmark available in the market.
The index family is comprised of global, regional, and country
benchmarks.
ABOUT S&P DOW JONES
INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P 500® and
the Dow Jones Industrial Average®. More assets are invested in
products based on our indices than products based on indices from
any other provider in the world. Since Charles Dow invented the
first index in 1884, S&P DJI has been innovating and developing
indices across the spectrum of asset classes helping to define the
way investors measure and trade the markets. S&P Dow Jones
Indices is a division of S&P Global (NYSE: SPGI), which
provides essential intelligence for individuals, companies, and
governments to make decisions with confidence. For more
information, visit: www.spglobal.com/spdji.
About NISOURCE
NiSource Inc. (NYSE: NI) is one of the largest fully-regulated
utility companies in the United States, serving approximately 3.3
million natural gas customers and 500,000 electric customers across
six states through its local Columbia Gas and NIPSCO brands. The
mission of our approximately 7,200 employees is to deliver safe,
reliable energy that drives value to our customers. NiSource is a
member of the Dow Jones Sustainability - North America Index, has
been named as one of TIME Magazine’s World’s Best Companies and is
on Forbes list of America’s Best Employers for Diversity. Learn
more about NiSource’s record of leadership in sustainability,
investments in the communities it serves and how we live our vision
to be an innovative and trusted energy partner at www.NiSource.com.
NI-F
Forward-looking
statement
This press release contains "forward-looking statements," within
the meaning of Section 27A of the Securities Act of 1933, as
amended (the "Securities Act"), and Section 21E of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"). Investors
and prospective investors should understand that many factors
govern whether any forward-looking statement contained herein will
be or can be realized. Any one of those factors could cause actual
results to differ materially from those projected. These
forward-looking statements include, but are not limited to,
statements concerning our plans, strategies, objectives, expected
performance, and any and all underlying assumptions and other
statements that are other than statements of historical fact.
Expressions of future goals and expectations and similar
expressions, including "may," "will," "should," "could," "would,"
"aims," "seeks," "expects," "plans," "anticipates," "intends,"
"believes," "estimates," "predicts," "potential," "targets,"
"forecast," and "continue," reflecting something other than
historical fact are intended to identify forward-looking
statements. All forward-looking statements are based on assumptions
that management believes to be reasonable; however, there can be no
assurance that actual results will not differ materially.
Factors that could cause actual results to differ materially
from the projections, forecasts, estimates and expectations
discussed in this press release include, among other things, our
ability to execute our business plan or growth strategy, including
utility infrastructure investments; potential incidents and other
operating risks associated with our business; our ability to adapt
to, and manage costs related to, advances in, or failures of,
technology; impacts related to our aging infrastructure; our
ability to obtain sufficient insurance coverage and whether such
coverage will protect us against significant losses; the success of
our electric generation strategy; construction risks and natural
gas costs and supply risks; fluctuations in demand from residential
and commercial customers; fluctuations in the price of energy
commodities and related transportation costs or an inability to
obtain an adequate, reliable and cost-effective fuel supply to meet
customer demands; the attraction and retention of a qualified,
diverse workforce and ability to maintain good labor relations; our
ability to manage new initiatives and organizational changes; the
actions of activist stockholders; the performance of third-party
suppliers and service providers; potential cybersecurity-attacks;
increased requirements and costs related to cybersecurity; any
damage to our reputation; any remaining liabilities or impact
related to the sale of the Massachusetts Business; the impacts of
natural disasters, potential terrorist attacks or other
catastrophic events; the physical impacts of climate change and the
transition to a lower carbon future; our ability to manage the
financial and operational risks related to achieving our carbon
emission reduction goals; our debt obligations; any changes to our
credit rating or the credit rating of certain of our subsidiaries;
any adverse effects related to our equity units; adverse economic
and capital market conditions or increases in interest rates;
economic regulation and the impact of regulatory rate reviews; our
ability to obtain expected financial or regulatory outcomes;
continuing and potential future impacts from the COVID-19 pandemic;
economic conditions in certain industries; the reliability of
customers and suppliers to fulfill their payment and contractual
obligations; the ability of our subsidiaries to generate cash;
pension funding obligations; potential impairments of goodwill; the
outcome of legal and regulatory proceedings, investigations,
incidents, claims and litigation; potential remaining liabilities
related to the Greater Lawrence Incident; compliance with
applicable laws, regulations and tariffs; compliance with
environmental laws and the costs of associated liabilities; changes
in taxation; and other matters set forth in Part I, Item 1,
"Business," Item 1A, "Risk Factors" and Part II, Item 7,
"Management's Discussion and Analysis of Financial Condition and
Results of Operations," of the company's annual report on Form 10-K
for the year ended December 31, 2022, and matters set forth in our
quarterly reports on Form 10-Q for the quarters ended March 31,
2023, June 30, 2023, and September 30, 2023, some of which risks
are beyond our control.
All forward-looking statements are expressly qualified in their
entirety by the foregoing cautionary statements. We undertake no
obligation to, and expressly disclaim any such obligation to,
update or revise any forward-looking statements to reflect changed
assumptions, the occurrence of anticipated or unanticipated events
or changes to the future results over time or otherwise, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231212319800/en/
Reginald Fields Corporate Media Relations (614) 537-7943
reginaldfields@nisource.com
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