Spire again earns spot on Newsweek's 'Most Responsible Companies' list

Rhea-AI Summary

Spire (NYSE: SR) has been named one of 'America's Most Responsible Companies' by Newsweek for the sixth consecutive year, ranking 252nd among 600 companies, up from 483rd last year. The recognition highlights Spire's performance in environmental, social responsibility and corporate governance.

Key achievements include: reducing CO2e emissions by 4.7% in 2023 compared to 2022, decreasing methane emissions from gas utilities by over 51% since 2005, and committing to carbon neutrality by midcentury. The company invested more than $2.1 million through its Spire Serves initiative in FY2023, with total social investment exceeding $6.2 million. Additionally, over 1,500 employees participated in the 'Day for Good' volunteer program, marking a 4% increase from 2022.

Positive

• Significant improvement in Newsweek ranking from 483 to 252
• 4.7% reduction in CO2e emissions (2023 vs 2022)
• 51% reduction in methane emissions since 2005
• 4% increase in employee volunteer participation

Negative

• None.

For sixth consecutive year, Spire is recognized for strong performance in the areas of environment, social responsibility and corporate governance.

ST. LOUIS, Dec. 4, 2024 /PRNewswire/ -- For the sixth consecutive year, Spire has been named one of "America's Most Responsible Companies" by Newsweek, recognizing the company's strong performance in the areas of environment, social responsibility and corporate governance.

In new rankings, unveiled Dec. 4 by Newsweek, Spire is listed at 252 among the top 600 companies across the United States, a rise from a ranking of 483 last year.

"At Spire, we work hard every day to safely provide reliable and efficient energy for our customers – and make a lasting, positive impact on the communities we serve," said Steve Lindsey, Spire president and chief executive officer. "We're honored to be recognized once again by Newsweek for these efforts."

The Newsweek annual rankings are selected based on publicly available key performance indicators derived from Corporate Social Responsibility (CSR) and Sustainability reports. In addition, an independent survey was conducted to evaluate companies' reputations by asking consumers about their perception of activities related to corporate social responsibility. Among highlights from Spire's 2023 Sustainability Report:

Environmental commitment

Spire remains committed to being a carbon neutral company by midcentury and named its first vice president of sustainability. In addition, the company established a sustainability council to ensure alignment and coordination of sustainability initiatives across the company. In 2023, Spire reduced its CO2e emissions by 4.7% compared to 2022. Additionally, it has reduced methane emissions from its gas utilities by more than 51% since 2005 and is on target to reduce emissions by 73% by 2035.

Spire Serves

Through its Spire Serves initiative, Spire supported numerous organizations across Missouri, Alabama, Mississippi, Texas and Wyoming with more than $2.1 million in fiscal year 2023. Overall, Spire supported the communities they serve with more than $6.2 million in social investment.

Day for Good

Spire continues to see growth in its "Day for Good" initiative, giving employees the opportunity to spend a paid day volunteering at an organization of their choice. In FY 2023, more than 1,500 employees volunteered at 159 community organizations across Alabama, Mississippi, Missouri and Texas — a 4% increase over 2022 levels.

For more about the Newsweek rankings and to view the full list, click here.

About Spire
At Spire Inc. (NYSE: SR) we believe energy exists to help make people's lives better. It's a simple idea, but one that's at the heart of our company. Every day we serve 1.7 million homes and businesses making us one of the largest publicly traded natural gas companies in the country. We help families and business owners fuel their daily lives through our gas utilities serving Alabama, Mississippi and Missouri. Our natural gas-related businesses include Spire Marketing and Spire Midstream. We are committed to transforming our business through growing organically, investing in infrastructure, and advancing through innovation. Learn more at SpireEnergy.com.

Media Contact:
Jason Merrill
314-342-3300
Jason.Merrill@SpireEnergy.com

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SOURCE Spire Inc.

FAQ

What is Spire's (SR) current ranking in Newsweek's Most Responsible Companies list?

Spire (SR) ranks 252nd among 600 companies in Newsweek's 2024 Most Responsible Companies list, improving from 483rd position last year.

How much has Spire (SR) reduced its methane emissions since 2005?

Spire (SR) has reduced methane emissions from its gas utilities by more than 51% since 2005 and aims to achieve a 73% reduction by 2035.

What was Spire's (SR) total social investment in fiscal year 2023?

Spire (SR) invested more than $6.2 million in social initiatives during fiscal year 2023, including $2.1 million through its Spire Serves program.

What is Spire's (SR) environmental commitment target?

Spire (SR) is committed to becoming a carbon neutral company by midcentury and has appointed its first vice president of sustainability.