ESG News For UGI Corporation

UGI Corporation (NYSE: UGI), an international distributor and marketer of energy products and services, today announced its designation as a Champion of Board Diversity by The Forum of Executive Women (“The Forum).The Forum annually honors the top public companies in the Philadelphia region with 30% or more women on their respective boards. UGI is one of 46 companies that has been recognized as a Champion of Board Diversity and this is the first time that the Company has received the designation

Achieves a 50% reduction in Scope I (direct) emissions1Meets commitment to increase spend with diverse Tier I and Tier II suppliers by 25%Improves rankings with CDP and Morningstar Sustainalytics

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UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI Corporation (NYSE: UGI), and Archaea Energy Inc. (“Archaea”), a subsidiary of bp (NYSE: BP) announced today that they recently entered into a joint venture, Aurum Renewables, LLC (“Aurum”), to develop a renewable natural gas (“RNG”) project at the Commonwealth Environmental Systems landfill in Hegins, Pennsylvania. Archaea Holdings, LLC, a subsidiary of Archaea, holds a 60% ownership interest, and a subsidiary of UGIES holds a 40% ownership

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UGI Corporation (NYSE: UGI) announced today that in December 2022 it received a rating upgrade to AAA in the 2022 MSCI environmental, social and governance (ESG) ratings assessment. According to MSCI, UGI performed in the top 7%1 of all peer companies evaluated globally in 2022, for actions across ESG matters. This reflects UGI’s robust governance practices, ongoing dedication to the health and safety of our employees and the customers we serve, and environmental strategies to manage emissions.T

UGI invests approximately $150 million in two new dairy cluster RNG projects located in South DakotaExpects to generate approximately 525 million cubic feet of RNG annually once these projects are completed in calendar year 2024GHI Energy, a wholly owned subsidiary of UGI, to be the exclusive marketer for these projects

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New Project Expected to be Completed in Second Half of 2024 and to Produce 35 Million Cubic Feet of RNG Annually

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Company Issues 2022 ESG Report, “Transparency, Action, and Progress”Remains Committed to a 55% Reduction in Scope I Emissions by Fiscal 2025More than $200 million Committed to Renewable Solutions through May 2022; on Track to Meet Commitment of more than $1 Billion Invested by 2025

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UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI Corporation (NYSE: UGI), today announced an agreement with MBL Bioenergy to fully fund the first set of renewable natural gas (“RNG”) projects currently under development in South Dakota. In total, the project will represent over $70 million of investment by MBL Bioenergy, of which 100% of the funds will be provided by UGIES. MBL Bioenergy is a joint venture partnership between UGIES, Sevana Bioenergy and a subsidiary of California Bioenerg

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UGI Corporation (NYSE: UGI) announced today that its subsidiary, AmeriGas Propane (“AmeriGas”), the nation’s largest retail propane marketer, has entered into an agreement with Global Clean Energy Holdings, Inc. (OTCQX: GCEH) to purchase and distribute renewable LPG. AmeriGas will leverage its supply and logistics infrastructure and sales and marketing teams to market and distribute renewable LPG to new and existing customers primarily in the state of California.As part of a multi-year agreement

Pennant Midstream, LLC (“Pennant”), announced that the company has signed a series of agreements throughout 2021 with a subsidiary of Energy Developments Pty Ltd (“EDL”) headquartered in Brisbane, Australia to accept delivery of renewable natural gas (“RNG") into its natural gas gathering system. Pennant is a partnership between UGI Energy Services, LLC (“UGIES”), which is a subsidiary of UGI Corporation (NYSE: UGI), Harvest Midstream I, L.P, and a subsidiary of Williams Companies.Under the agre

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In December 2021, UGI Corporation (NYSE: UGI) received a rating of AA in the MSCI environmental, social and governance (ESG) Ratings assessment. The upgrade to AA rating positions UGI among the leading companies worldwide for action across ESG matters and reflects UGI’s robust governance practices and improved GHG mitigation strategies.MSCI ESG Research provides in-depth research, ratings and analysis of the ESG-related business practices of thousands of companies worldwide. MSCI research is des

UGI Utilities, Inc. (“UGI Utilities”) has begun to accept Renewable Natural Gas (RNG) from Archaea Energy into its pipeline distribution system. UGI Utilities is a subsidiary of UGI Corporation (NYSE:UGI).In Fiscal 2021, UGI Utilities signed an interconnect agreement with Archaea Energy to accept delivery of RNG produced from the Keystone Landfill in Dunmore, Pennsylvania, into its natural gas pipeline that serves its distribution system. Once fully operational, the recently completed interconne

SHV Energy and UGI International, a subsidiary of UGI Corporation (NYSE: UGI), distributors of off-grid energy, today received approval from the European Commission to create a joint venture to advance the production and use of renewable dimethyl ether (“rDME”).The proposed joint venture was approved, marking an important step that will enable both parties to form the joint venture and commence operations in early 2022. As previously announced, the joint venture is intended to gain market accept

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Cayuga RNG has entered into an agreement to develop its third project to produce renewable natural gas (“RNG”) in upstate New York. This is in addition to the previously announced Spruce Haven and Allen Farms projects. Cayuga RNG is a joint venture of UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI Corporation (NYSE: UGI), and Global Common Energy, LLC (“GCE”).Cayuga RNG’s third project will be constructed at El-Vi Farms, which is located on the border of Wayne and Ontario counties in up

UGI Utilities has received regulatory approval from the Pennsylvania Public Utility Commission (“PA PUC”) to purchase renewable natural gas as part of a five-year pilot program. The pilot, the first of its kind in Pennsylvania, is intended to explore how UGI Utilities can integrate renewable natural gas (RNG) into its supply portfolio to produce economic and environmental benefits for its Purchased Gas Cost (PGC) customers. The pilot allows UGI Utilities to test adding RNG to its supply portfoli

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Cayuga RNG Holdings, LLC (“Cayuga RNG”) announced today that it has entered into an agreement to develop its second project to produce renewable natural gas (“RNG”) in upstate New York. This is in addition to the previously announced Spruce Haven Farm initiative. Cayuga RNG is a joint venture of UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI Corporation (NYSE: UGI), and Global Common Energy, LLC (“GCE”).As previously announced, Cayuga RNG’s first project is being developed at the Spruce

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UGI Corporation (NYSE: UGI) has been named a 2021 honoree of The Civic 50 Greater Philadelphia by Philadelphia Foundation, in partnership with Points of Light and local partners. Modeled after Points of Light’s national program, The Civic 50 Greater Philadelphia provides a standard for corporate citizenship and showcases how employers use their time, skills and resources to drive social impact in their communities and company.“UGI has a long history of strengthening the communities we serve by p

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UGI Corporation (NYSE: UGI) announced today the release of its third Environmental, Social and Governance (“ESG”) report titled, The Foundation of a Renewable Energy Future. The ESG report is available on UGI’s ESG website at (https://ugiesg.com/620-2/). The report highlights UGI’s commitment to be a leader in the renewable energy space by providing energy solutions that are sustainable, reliable, and affordable. UGI has recently committed to reducing its Scope I (direct) emissions by 55% over t

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Coalition promotes safe and environmentally responsible practices

UGI Corporation (NYSE: UGI) continues to advance its strategic Environmental, Social, and Governance (“ESG”) initiatives and remains focused on providing its stakeholders with timely updates on key ESG activities.Recently, UGI’s subsidiary, UGI Energy Services, LLC (“UGIES”) completed the sale of its ownership stake in the Conemaugh coal-fired power generation station. The sale of this non-core asset will reduce UGI’s Scope 1 (direct) emissions by more than 30%. This is another step toward achie

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UGI Corporation and its affiliated companies have provided over $200,000 of financial support to organizations in the many communities in which they operate to assist residents in need due to the coronavirus (COVID-19) emergency.“UGI Corporation has served families and communities for nearly 140 years,” John L. Walsh, President and CEO of UGI Corporation, said. “We recognize the extraordinary circumstances we now face as a country and are working with community organizations to provide support f

UGI Energy Services is contributing $40,000 to food banks, setting up virtual food drives, to help fight hunger as a result of the COVID-19 pandemic.

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