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Southwest Gas Holdings Announces Release of 2024 Sustainability Report
Prnewswireยท 2025-10-06 15:12
Core Insights - The company emphasizes its commitment to safety, renewable energy investments, and emissions reduction in its 2024 Sustainability Report titled "Fueling a Sustainable Energy Future" [1][3] - The report highlights the company's operational excellence and strong safety culture, contributing to economic development through innovative energy solutions [1][4] Sustainability Commitment - The company focuses on creating a safe, inclusive, and sustainable workplace while positively impacting its service territories [2] - Key areas of focus include employee safety, respect for human rights, and fostering an inclusive workplace environment [2] Environmental, Social, and Governance (ESG) Achievements - The report outlines significant progress in reducing greenhouse gas emissions, investing in renewable energy technologies, and fostering resilient communities [3] - These efforts align with the company's broader commitment to a sustainable energy future and driving long-term stakeholder value [3] Leadership and Oversight - The company's ESG activities are overseen by the Nominating and Corporate Governance Committee of the Board of Directors, ensuring the adoption of ESG practices throughout the organization [6] Customer Satisfaction and Community Engagement - For the fifth consecutive year, the company ranked No. 1 in Customer Satisfaction with Residential Natural Gas Service in the West among large utilities according to J.D. Power [7] - In 2024, the Southwest Gas Foundation distributed $2.17 million across its service territory, and employees pledged $2.44 million to local nonprofit organizations [7] - The company allocated $408 million in utility capital expenditures for infrastructure modernization and pipeline replacement programs [7] Performance Metrics - The company maintained emergency response times, responding to 76.4% of emergencies within 30 minutes, exceeding the industry average and ranking in the top 25% [7] - Climate-related disclosures were expanded, including results from a climate risk assessment for Southwest Gas Corporation [7]