Emera’s 2021 Sustainability Report highlights the Climate Transition Plan and continued progress towards a clean energy future

HALIFAX, Nova Scotia–(BUSINESS WIRE)–The (TSX: EMA) 2021 Sustainability Report from Emera Inc. was released this morning and is now available on the company’s website.

Highlights of the 2021 Sustainability Report include:

  • 39% reduction in CO2 emissions in Emera’s operations from 2005 level

  • 65% reduction in coal use in generation since 2005

  • $5.3 billion + planned capital expenditure for cleaner, reliable energy through 2024

  • Continued progress on board diversity: 42% of board positions are held by women, including the chairman of the board

  • $13 million invested in communities by 2021, with nearly $2 million focused on DEI initiatives in the communities where Emera operates

The report also highlights the complexities of the energy transition underway in North America and details Emera’s climate transition plan and the company’s progress on its climate commitment.

“Emera’s ESG commitments have been at the heart of our strategy, operations and culture for nearly two decades,” said Scott Balfour, President and CEO of Emera inc. “I am proud of how our team is performing for customers and of the progress we are making in building a cleaner energy future, more diverse and inclusive teams and communities, and a strong safety culture at Emera.”

Informed by the Taskforce on Climate-related Financial Disclosure (TCFD), the report provides context, information and data on governance, strategy, risk management and energy transition metrics and objectives. It also outlines the progress being made in other key areas of Emera’s operations, including security, systems reliability and diversity, equity and inclusion (DEI).

The report also highlights Emera’s Diversity, Equity, and Inclusion Fund. By 2021, Emera and its operating companies have committed to investing a minimum of $5 million over five years to support organizations and initiatives that promote inclusion and diversity in our communities. Nearly $2 million from the Fund — which was invested in 2021 — reflects Emera’s commitment to an inclusive and diverse culture, supported by active inclusion and diversity of employee networks across the organization.

View or download the 2021 Sustainability Report here.

About Emera Inc.

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $34 billion in assets and revenue of more than $5.7 billion in 2021. The company invests primarily in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transforming low-carbon to low-carbon energy sources. Emera has investments in Canada, the United States and three Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade under the symbols EMA, EMA.PR.A, EMA.PR.B, EMA.PRC, EMA.PR.E, EMA.PR.F, respectively. , EMA.PR.H, EMA.PR.J and EMA.PR.L. Depositary receipts representing Emera common stock are listed on the Barbados Stock Exchange under the symbol EMABDR and on the Bahamas International Securities Exchange under the symbol EMAB. Additional information can be found at www.emera.com or at www.sedar.com.

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