Altus Power's 2023 Sustainability Report Unveils Key Achievements
Altus Power Releases 2023 Sustainability Report: Key Highlights
Altus Power (NYSE: AMPS), recognized as a leading provider of commercial-scale clean electric power in the United States, has unveiled its 2023 Sustainability Report. This document encapsulates the company's steadfast commitment to Environmental, Social, and Governance (ESG) initiatives, reflecting its progress over the past year.
Commitment to Clean Energy
In the words of Sophia Lee, Chief Sustainability Officer at Altus Power, the company is at the forefront of the transition to a low-carbon economy. They endeavor to expand access to clean energy solutions for both businesses and homes nationwide. This latest report reinforces their dedication to environmentally sound practices, not only in how they operate internally, but also in the support they offer to clients aiming for decarbonization.
Major Achievements in Sustainable Practices
The 2023 Sustainability Report offers numerous highlights that display Altus Power’s achievements in sustainability:
- They successfully installed and operated 896 megawatts (MW) of solar photovoltaic (PV) systems, showing a remarkable 71% increase in capacity compared to the previous year.
- The solar initiatives translated into the generation of 780,000 megawatt-hours (MWh) of renewable energy, resulting in the prevention of approximately 551,000 metric tons of CO2(e) emissions.
- A significant achievement for the company was that women held 43% of leadership roles, demonstrating progress toward diversity and inclusion in the workplace.
- Moreover, Altus Power has prioritized health and safety by appointing a dedicated Health and Safety Manager, underscoring their commitment to employee well-being.
- In an effort to enhance access to clean energy, they extended their services to thousands of low-and-moderate-income households within Community Solar markets, effectively lowering entry barriers like stringent credit requirements and hefty contracts.
- Additionally, the company’s admission into the United Nations Global Compact reflects its commitment to a principles-based framework for responsible business practices.
About Altus Power
Based in Stamford, Connecticut, Altus Power stands out as the largest commercial-scale provider of clean electric power in the country, delivering various solutions for commercial, industrial, public sector, and Community Solar customers. Their operations encompass the entire lifecycle of solar generation, energy storage, and electric vehicle charging infrastructure. To discover more about their groundbreaking work in sustainable energy, visit their official website.
Frequently Asked Questions
What is the main focus of Altus Power's sustainability report?
The focus is on highlighting the company's efforts and achievements in Environmental, Social, and Governance (ESG) practices throughout the past year.
How much renewable energy has Altus Power generated?
In its latest report, Altus Power noted that it generated 780,000 MWh of renewable electricity.
What percentage of leadership positions at Altus Power are held by women?
Women represent 43% of the leadership roles within Altus Power.
What initiatives has Altus Power taken to improve employee welfare?
The company has appointed a dedicated Health and Safety Manager to prioritize employee health and safety.
What are Altus Power's commitments to the community?
Altus Power aims to make clean energy accessible to low-and-moderate-income customers by reducing barriers to entry in their Community Solar markets.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.