Altus Power Releases Its 2023 Sustainability Report: Key Highlights
Altus Power (NYSE: AMPS), a prominent provider of commercial-scale clean electric power in the U.S., has just published its 2023 Sustainability Report. This report showcases the company’s unwavering commitment to Environmental, Social, and Governance (ESG) initiatives, along with a reflection on its progress over the past year.
Commitment to Clean Energy
According to Sophia Lee, the Chief Sustainability Officer at Altus Power, the company is leading the charge toward a low-carbon economy. Their goal is to broaden access to clean energy solutions for both businesses and households across the nation. This report reaffirms their pledge to environmentally responsible practices, which not only guide their internal operations but also support clients striving for decarbonization.
Major Achievements in Sustainable Practices
The 2023 Sustainability Report reveals several noteworthy accomplishments that highlight Altus Power’s dedication to sustainability:
- They achieved the installation and operation of 896 megawatts (MW) of solar photovoltaic (PV) systems, reflecting an impressive 71% increase in capacity from the previous year.
- The solar initiatives contributed to producing 780,000 megawatt-hours (MWh) of renewable energy, successfully preventing around 551,000 metric tons of CO2(e) emissions.
- A significant milestone was reached with women holding 43% of leadership positions, marking important progress toward diversity and inclusion in the workplace.
- Furthermore, Altus Power has emphasized health and safety by hiring a dedicated Health and Safety Manager, highlighting their commitment to employee well-being.
- To improve access to clean energy, they have expanded their services to thousands of low-and-moderate-income households within Community Solar markets, effectively easing entry barriers like strict credit requirements and large contracts.
- Additionally, the company's participation in the United Nations Global Compact underscores its commitment to responsible business practices founded on principles.
About Altus Power
Headquartered in Stamford, Connecticut, Altus Power is the largest commercial-scale provider of clean electric power in the United States, offering a range of solutions for commercial, industrial, public sector, and Community Solar clients. Their operations span the entire lifecycle of solar generation, energy storage, and electric vehicle charging infrastructure. To learn more about their pioneering work in sustainable energy, check out their official website.
Frequently Asked Questions
What is the main focus of Altus Power's sustainability report?
The report emphasizes the company’s efforts and accomplishments in Environmental, Social, and Governance (ESG) practices over the last year.
How much renewable energy has Altus Power generated?
In the most recent report, Altus Power indicated that it generated 780,000 MWh of renewable energy.
What percentage of leadership roles at Altus Power are held by women?
Women account for 43% of the leadership roles at Altus Power.
What efforts has Altus Power made to enhance employee welfare?
The company appointed a dedicated Health and Safety Manager to focus on employee health and safety.
What commitments does Altus Power have towards the community?
Altus Power is dedicated to making clean energy more accessible to low-and-moderate-income customers by lowering barriers to entry in their Community Solar markets.
