Chesapeake Utilities Corporation announced the release of its 2023 Environmental Stewardship Report on September 23, 2024, highlighting substantial progress in reducing its environmental footprint. The report, which is the second in a series of micro-reports, details the company's ongoing efforts to decrease emissions and contribute to a more sustainable future.
The company achieved a 25% reduction in reported Scope 1 and Scope 2 emissions since 2019, with a notable 10% year-over-year reduction in 2023. This reduction was accomplished while Chesapeake Utilities recorded its 17th consecutive year of increased earnings in 2023, demonstrating that environmental progress can align with financial growth.
To further support its emissions reduction efforts, Chesapeake Utilities established a cross-functional methane emissions reduction committee in early 2024. The company also sought and obtained a limited level of assurance by an independent third party for each reported calendar year, underscoring its commitment to transparent and verified environmental reporting.
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