Spire releases Sustainability Report
Spire released its annual Sustainability Report, highlighting progress in reducing emissions, supporting communities, and enhancing governance. Key achievements include a 4.7% reduction in greenhouse gas emissions, replacement of 173 miles of aging infrastructure, and an 8% reduction in motor vehicle accident rates. Spire has connected customers with $33 million in energy assistance and donated over $6.2 million to community support. The company has also increased its racially diverse workforce by 4% and introduced a parental leave policy. Governance improvements include appointing three new board directors and establishing a Sustainability Council.
- Reduced greenhouse gas emissions by 4.7%, or 17,243 metric tons CO2e.
- Replaced 173 miles of aging infrastructure, achieving a 13% leak reduction.
- Decreased motor vehicle accident rate by 8%.
- Connected customers with $33 million in energy assistance funding.
- Donated over $6.2 million to support communities.
- Increased racially diverse workforce by 4%.
- Introduced a parental leave policy.
- Appointed three new directors to the board.
- Named first vice president of sustainability.
- Established a Sustainability Council.
- No significant financial data or profitability metrics provided.
- Potential costs associated with infrastructure upgrades and safety improvements not detailed.
- No clear timeline or specific targets for future emissions reductions.
Report details continued progress in reducing emissions, supporting communities and enhancing governance
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 $1 million Missouri - Donated more than
$6.2 million 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
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.
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