{"id":384084,"date":"2020-11-18T09:04:13","date_gmt":"2020-11-18T14:04:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384084"},"modified":"2020-11-18T09:04:13","modified_gmt":"2020-11-18T14:04:13","slug":"nisource-named-to-2020-dow-jones-sustainability-index","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nisource-named-to-2020-dow-jones-sustainability-index\/","title":{"rendered":"NiSource Named to 2020 Dow Jones Sustainability Index"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n MERRILLVILLE, Ind.<\/span>, Nov. 18, 2020<\/span> \/PRNewswire\/ — NiSource Inc. (NYSE: NI) was named to the Dow Jones Sustainability Index (DJSI) – North America<\/span> in recognition of the company’s sustainable business practices and performance for the seventh consecutive year. NiSource is one of seven U.S. utility companies on the 2020 list.<\/p>\n

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The ranking is based on environmental, social and governance (ESG) criteria and reflects advancements NiSource continues to make in its sustainability strategy which includes aggressive reductions in greenhouse gas emissions, safety enhancements and executing against more than $40 billion<\/span> of long-term safety, asset modernization and renewable energy investment opportunities.<\/p>\n

“NiSource is honored to once again be included on this international benchmark for sustainable business practices,” said NiSource President and CEO Joe Hamrock<\/span>. “We’re focused on ESG principles as we run our business. Our ongoing investments in renewable electric generation and safety and asset modernization are expected to drive us toward a 90 percent reduction in greenhouse gas emissions by 2030, and enhance the safety and reliability of our systems for our customers and communities. We’re also transforming our organization to help enable these investments, build our capabilities and maintain affordability for our customers, and we’re actively pursuing plans to further strengthen our culture of diversity, equity and inclusion.”<\/p>\n

“We congratulate NiSource for being included in the DJSI North America,” said Manjit Jus<\/span>, global head of ESG research and data for S&P Global, which publishes the index. “A DJSI distinction is a reflection of being a sustainability leader in your industry. With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets your company apart and rewards your continued commitment to people and planet.”<\/p>\n

\n Recent NiSource Sustainability Progress<\/b>\n <\/p>\n

NiSource continues to achieve sustainability milestones, including significant progress in its plan to retire 80% of its remaining coal-fired electric generation by 2023 and all coal generation by 2028, to be replaced by lower cost, reliable and cleaner options. In addition to reducing greenhouse gas emissions, this plan is expected save customers approximately $4 billion<\/span> over 30 years.<\/p>\n

NiSource’s NIPSCO subsidiary expects to make $1.8<\/span> to $2.0 billion<\/span> in renewable energy investments through 2023. NIPSCO has executed agreements representing $1.25 billion<\/span> of these investments. Three wind energy projects are under construction, and NIPSCO has reached agreements with leading renewable energy developers on five solar projects.<\/p>\n

In addition to its electric generation strategy, other recent sustainability milestones included:<\/p>\n