Black Hills Corp. Unveils 2024 Sustainability Achievements and Goals
Black Hills Corp. Announces 2024 Corporate Sustainability Report
Black Hills Corp. (NYSE: BKH) has released its 2024 Corporate Sustainability Report, underscoring the company's unwavering dedication to creating a resilient energy future. The report reveals how the company is harnessing safe, reliable, and cost-effective energy solutions to enhance its service and environmental responsibility.
A Commitment to Sustainability
With a legacy of 141 years in powering communities through the provision of electricity and natural gas, Black Hills Corp. is dedicated to integrating sustainability into all facets of its operations. Linn Evans, the company’s president and CEO, stated, "This year’s report highlights our commitment and the tireless efforts of our employees. We believe that maintaining a diverse energy portfolio is essential for long-term success and adapting to our customers’ evolving energy requirements."
Significant Environmental Achievements
The 2024 report details notable achievements in various sectors, including environmental, economic, and governance priorities. Black Hills Corp. proudly announced a 38% reduction in electric utility emissions compared to 2005 levels. The company is on a clear path to achieve a 40% reduction by 2030 and aims for a remarkable 70% reduction by 2040. Additionally, the organization is making strides toward its objective of net-zero emissions from natural gas utilities by 2035.
Innovative Energy Solutions
The report emphasizes the company's innovative approaches to foster a more resilient energy future. Black Hills Corp. is actively engaged in partnerships to advance coal-to-hydrogen technology and has conducted preliminary tests for carbon sequestration at its Gillette energy complex. These initiatives represent the company's dedication to pioneering technologies that can significantly reduce greenhouse gas emissions.
Enhancing Renewable Energy Initiatives
In addition to innovation, Black Hills Corp. continues to expand its renewable energy offerings. The 2024 acquisition of a renewable natural gas facility in Iowa is expected to generate sufficient RNG to supply heat to over 1,800 residential homes each year. This initiative not only contributes to the company’s sustainability goals but also reinforces its commitment to renewable energy solutions.
Empowering Customers and Communities
Black Hills Corp. is dedicated to empowering its customers. Through programs such as Green Forward and a substantial $10 million investment in energy efficiency rebates, the company has enabled customers to achieve energy savings equivalent to the annual electricity use for over 1,500 homes and natural gas savings for 246 homes. This approach showcases their commitment to not only providing energy but also improving energy efficiency among customers.
Investing in Local Communities
The economic impact of Black Hills Corp. on the communities it serves is significant. In 2024, the company's total economic impact reached approximately $1.5 billion. This includes notable charitable contributions totaling $3.8 million, which supported various community initiatives across its eight-state service area. The generous giving by employees, which saw contributions of $441,000 towards United Way and additional energy assistance, further exemplifies the company’s commitment to community welfare.
Cultivating Workplace Culture
Strengthening the workplace environment is another core focus for Black Hills Corp. The company strives to create a culture where employees are encouraged to contribute, collaborate, and grow. Fostering such an inclusive workplace is integral to the company's mission of improving life with energy for everyone.
Conclusion
To gain a comprehensive understanding of Black Hills Corp.’s sustainability efforts, visit blackhillsenergy.com/sustainability for the complete 2024 Corporate Sustainability Report. With its unwavering commitment to excellence and innovation, Black Hills Corp. continues to set a fine example for the utility industry and its commitment to creating a sustainable future.
Frequently Asked Questions
What is the main focus of Black Hills Corp.'s 2024 sustainability report?
The report emphasizes the company's progress towards reducing greenhouse gas emissions and highlights its innovative efforts in renewable energy solutions.
How much has Black Hills Corp. reduced its electric utility emissions?
Black Hills Corp. has achieved a 38% reduction in electric utility emissions since 2005, aiming for a 40% reduction by 2030.
What are some initiatives for community support by Black Hills Corp.?
The company has invested approximately $3.8 million in charitable giving and $10 million in energy efficiency rebates to support its communities.
Which new energy technology is Black Hills Corp. working on?
Black Hills Corp. is developing coal-to-hydrogen technology and has also begun testing carbon sequestration capabilities.
Where can I find the full Corporate Sustainability Report for Black Hills Corp.?
The complete report is available on their sustainability website at blackhillsenergy.com/sustainability.
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