Chesapeake Utilities Corporation is a diversified energy company focused on delivering outstanding service and attaining sustainable growth that generates long-term value for our employees, customers, investors, and other stakeholders. Our success in these efforts is due to our employees’ relentless commitment to excellence, our comprehensive strategic planning and our disciplined financial analysis of growth opportunities. Mission: Chesapeake Utilities Corporation is a diversified energy company that provides superior service to its customers and communities.
Chesapeake Utilities Corporation
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3.2
Overall Excellence Rating
Industry
UtilitiesCategory
Energy & UtilitiesESG/Ethical Impact
At Chesapeake, being responsible and profitable are not mutually exclusive. While it has become common business practice to make environmental, social and governance (ESG) commitments, what is needed most is results. We embrace this challenge and our performance shows that we have the strategy, assets and people to be a leader in a lower carbon future. Last year, we committed to net zero emissions by 2035 and set short-term targets as our pathway to this ambitious goal. We have installed more than 2,000 methane monitoring devices across our assets, are utilizing flyovers and FLIR cameras for methane leak detection and are retrofitting more than 19,000 pneumatic devices — all to reduce our GHG and methane intensities. To continue our progress, we are extending our 2035 net zero goal to include both Scope 1 and Scope 2 GHG emissions and making investments in carbon capture and alternative energy solutions. We also publicly announced in August 2022 that we are shifting our strategic focus toward our two premier natural gas shale plays, which offer our best rock, best operations and lowest emissions footprint. As reported for FY2021, the combined GHG emissions profile of our Marcellus and Haynesville Shale assets was an industry-leading 2.3 tCO2e/gross mboe produced and a 0.02% methane intensity. Additionally, we were the first company to independently certify two major shale basins as responsibly sourced gas (RSG), earning Grade “A” MiQ and EO100 certifications. By year-end, we expect to deliver approximately 6 bcf/d of gross certified RSG, having incorporated our acquired Chief E&D Holdings assets efficiently into our RSG program. We also continue our unwavering focus on safety, community engagement and diversity, equity and inclusion (DEI) efforts, among other priorities. Recent work includes incorporating contractor safety metrics into our ESG performance and compensation goals and reconstituting our internal DEI Advisory Board and DEI Council. We’re proud of this progress, and we’re motivated to continue to improve as a company and an industry.
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Awards Received
2023
Revenues
$681,000,000.00
Website Traffic
Employee Rating
4.1
Customer Rating
3.5
Company Size
100-1000
ESG Risk Rating
2
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