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Caribbean Utilities Company, Ltd. releases its first Sustainability Report
Caribbean Utilities Company, Ltd. releases its first Sustainability Report Cana...
About this update from Caribbean Utilities Co. Ltd. Class A
[{"type":"text","content":"\n \n \n \n Caribbean Utilities Company, Ltd. releases its first Sustainability Report\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n Caribbean Utilities Company, Ltd. is listed for trading in\n \n United States\n \n dollars on the Toronto Stock Exchange under the trading symbol \"CUP.U\".\n \n \n \n \n GRAND CAYMAN\n \n ,\n \n Cayman Islands\n \n \n ,\n \n \n Sept. 5, 2022\n \n \n /CNW/ - Caribbean Utilities Company, Ltd. (TSX: CUP.U) (\"CUC\" or the \"the Company\") today released its first Sustainability Report.  This report facilitates the effective communication of the Company's environmental and social programmes and its commitment to the high standards in environmental, social and governance (\"ESG\") initiatives.  The report details some of the future plans that the Company will adopt to realise the Company's Vision, Mission and Value Proposition.\n \n \n \n \n \n \n \n \n \n CUC has announced its commitment to reducing Scope 1 greenhouse gas emissions by 75% by 2035 (using 2019 as a baseline).  The Company will achieve this target by installing renewable energy as detailed in the Company's Integrated Resource Plan (\"IRP\").  To achieve the initiatives of the IRP the Company has created a Sustainable Energy Plan (\"the Plan\").  The Plan aims to promote projects, programmes and initiatives over the next year that will benefit customers, the environment, the\n \n Cayman Islands\n \n and the Company.  The Plan will involve the design, development and execution of various projects including: utility scale solar and storage, natural gas procurement, purchase of electric vehicles (\"EV\") and expanding the amount of EV charging stations on\n \n Grand Cayman\n \n .\n \n \n CUC has for many years, embraced ESG initiatives including but not limited to the implementation of environmental standards through its Environmental Management System, its community involvement projects and its Scholarship programme, which to date has issued 59 scholarships to persons in\n \n Grand Cayman\n \n . The Compa...