NiSource Honored on Dow Jones Sustainability Indices
NiSource Inc. (NYSE: NI), a leading fully-regulated utility company in the United States, has achieved remarkable recognition by being named to the 2024 Dow Jones Sustainability Indices (DJSI) for the 11th consecutive year. These indices, known for their rigorous standards in evaluating companies on environmental, social, and governance (ESG) criteria, reflect the commitment of organizations like NiSource to sustainability and responsible management.
Significance of the Dow Jones Sustainability Indices
The DJSI, established in 1999, represent a benchmark for companies committed to sustainable development. They assess the performance of firms across different industries based on various sustainability factors. With well-defined criteria, the DJSI help investors and stakeholders gauge a company's dedication to sustainability.
NiSource's Achievements in Sustainability
Recognizing this achievement, Melody Birmingham, NiSource’s Executive Vice President and Group President for Utilities, stated, "Receiving this recognition for an 11th straight year emphasizes our unwavering resolve to act as responsible environmental stewards. Our mission to provide safe, reliable energy is coupled with our desire to create value for our customers. Our strategic framework integrates sustainability deeply into our operations, allowing us to not only deliver energy but also promote economic growth and inclusion within our communities."
NiSource’s recent performance in the DJSI highlights its strong results in waste and water management, climate strategy, business ethics, and occupational health and safety. The company scored above the industry average in all three ESG categories, showcasing its dedication to sustainability.
Community Impact and Future Goals
Kristi Jones, NiSource’s Vice President of Public Affairs and Sustainability, emphasized the importance of sustainability initiatives, stating, "Our commitment to sustainability resonates with our customers, employees, and investors. While we celebrate this recognition from the DJSI, we also acknowledge that there are many innovative opportunities ahead for us. Our goal is to create a hopeful and sustainable future not just for ourselves but for the communities we serve."
About S&P Dow Jones Indices
S&P Dow Jones Indices serves as the world’s largest resource for index-based solutions, data, and research. It is home to iconic market indicators, such as the S&P 500 and the Dow Jones Industrial Average. Having pioneered the concept of market indices since 1884, S&P DJI plays a crucial role in how investors measure and engage with market performance.
Understanding NiSource's Operations
As one of the largest fully-regulated utilities in the United States, NiSource Inc. (NYSE: NI) serves approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. With a dedicated workforce of around 7,400 employees, NiSource focuses on delivering not only energy but also value and sustainability.
Frequently Asked Questions
What is the Dow Jones Sustainability Indices?
The Dow Jones Sustainability Indices are benchmarks that measure the performance of companies based on environmental, social, and governance (ESG) criteria.
How many years has NiSource been recognized by the DJSI?
NiSource has been recognized on the DJSI for 11 consecutive years, showcasing its long-term commitment to sustainability.
What are some key areas NiSource is focusing on?
NiSource is concentrating on waste and water management, climate strategy, business ethics, and occupational health and safety as part of its sustainability efforts.
Who is NiSource Inc.?
NiSource Inc. is a prominent utility company in the U.S., providing natural gas and electricity services to millions of customers, emphasizing safety and reliable energy delivery.
Why is sustainability important for NiSource?
Sustainability is crucial for NiSource as it aligns the company’s operational strategies with the expectations of customers, investors, and employees, contributing to long-term success and community development.
