This is UGI Corporation’s (UGI) second Environmental, Social and Governance (ESG) Report. The report covers ESG Information from our four business segments. It provides information at the business level and, where appropriate, on a fully consolidated basis.
The theme for this report is “Today’s Energy, Tomorrow’s World.” UGI remains committed to delivering affordable, efficient and socially responsible energy products and services to our customers in a safe and reliable manner. To meet these commitments, UGI is focused on acting in a sustainable and socially responsible way to minimize our impact on the environment and be a good steward to the planet.
In this report, UGI provides performance data related to these commitments. This report is designed to provide an update to all of our stakeholders. Our goal is to supplement our financial reporting materials to meet our constituents’ broader need for information. To help with this process, UGI is working toward disclosure of financially-material ESG factors to investors using standards promulgated by the Sustainability Accounting Standards Board (SASB). That disclosure will be completed later this summer and posted to our website.
UGI’s businesses share common values and culture but we recognize the need for individualized business unit focus on our products, services, markets and stakeholders. We have also grown through acquisition – domestically and particularly internationally. For these reasons, we encountered some challenges in collecting consistent ESG data across our business portfolio. We will continue to improve in this area and supplement our disclosures over time.
Information in this report covers UGI’s 2019 Fiscal Year, unless otherwise indicated. The 2019 fiscal year ran from October 1, 2018 through September 30, 2019. We will provide updates on our ESG performance periodically through our website.