The Caribbean Utilities Firm, Ltd. is listed for buying and selling in United States {dollars} on the Toronto Inventory Alternate beneath the buying and selling image “CUP.U”.
GRAND CAYMAN, Cayman Islands, Sept. 25, 2023 /CNW/ – Caribbean Utilities Firm, Ltd. (“CUC or the “Firm”) is happy to launch its 2023 Sustainability Replace Report. This report offers an replace on the Firm’s progress on environmental, social and governance (“ESG”) initiatives for the reason that launch of the 2022 Sustainability Report.
- Environmental:
- Developed a “Highway to Renewables” advertising marketing campaign;
- In 2022, there have been no gasoline spills or releases with an related tremendous and environmental procedures have been adopted.
- Social:
- 55% feminine administrators on the Board of Administrators for the Firm;
- 50% of govt workforce are feminine;
- 45% of administration workforce are feminine;
- US$ 465,000 in neighborhood donations;
- Workers volunteered 919 hours for neighborhood initiatives.
- Governance:
- Reviewed and up to date ESG Materiality Evaluation;
- 100% of workers acquired coaching on CUC’s Code of Enterprise Conduct and Ethics Coverage and Anti-Corruption Coverage.
“Over the previous 12 months, the CUC workforce has been engaged on considered one of our core values – Teamwork. Our objective as an organization is to collaboratively work with trade stakeholders to make sure that we proceed to ship secure, dependable, and inexpensive service to our prospects. Our workforce has been working assiduously to help the regulator with the upcoming aggressive bid course of for utility-scale renewable vitality. Rising the utility-scale renewable vitality portfolio will considerably scale back greenhouse fuel emissions and supply a low and extra secure value of vitality to the electrical energy grid in step with our dedication to the United Nations Sustainable Improvement Aim 7 which is Inexpensive and Clear Power,” stated President and CEO, Mr. Richard Hew.
The Firm is dedicated to the discount of CO2e emissions and to ship extra renewable and sustainable vitality to our prospects in Grand Cayman. The Firm has targets of a 60% discount in greenhouse fuel emissions by 2030 and 70% of the vitality on the grid coming from renewable vitality sources by 2037. Focus can be given to the Firm’s Sustainable Power Plan and Grid Resiliency and Modernisation Plan to fulfill these targets.
Sooner or later, renewable vitality choices stay a high precedence for CUC and the Firm will proceed to work carefully with the regulator and all stakeholders to make sure that a sustainable, dependable, and inexpensive vitality future is out there to all customers.
To entry a duplicate of the report, please go to the Firm’s web site at www.cuc-cayman.com.
Ahead wanting statements embrace statements which can be predictive in nature, rely upon future occasions or circumstances, or embrace phrases corresponding to “expects”, “anticipates”, “plan”, “believes”, “estimates”, “intends”, “targets”, “initiatives”, “forecasts”, “schedule”, or adverse variations thereof and different related expressions, or future or conditional verbs corresponding to “could”, “will”, “ought to”, “would” and “may”. Ahead wanting statements are primarily based on underlying assumptions and administration’s beliefs, estimates and opinions, and are topic to inherent dangers and uncertainties surrounding future expectations typically that will trigger precise outcomes to range from plans, targets, and estimates. A number of the necessary dangers and uncertainties that would have an effect on ahead wanting statements are described within the MD&A in the part labelled “Enterprise Dangers” and embrace however will not be restricted to operational, basic financial, market and enterprise circumstances, regulatory developments, and climate. CUC cautions readers that precise outcomes could range considerably from these anticipated ought to sure dangers or uncertainties materialize, or ought to underlying assumptions show incorrect. Ahead-looking statements are offered for the aim of offering details about administration’s present expectations and plans regarding the longer term. Readers are cautioned that such data will not be acceptable for different functions. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case besides as required by legislation.
SOURCE Caribbean Utilities Firm, Ltd.
For additional data: Jessica Pawlik, Supervisor, Exterior Communications, E-Mail:
