Climate Change Data

RGC Resources, Inc.

Climate Impact & Sustainability Data (2020-09-30)

Reporting Period: 2020-09-30

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Updated and implemented pandemic plan to ensure continuation of safe and reliable service to customers and maintain employee safety.
  • New collective bargaining agreement effective August 1, 2020, expiring July 31, 2022.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • COVID-19 pandemic impacting local, state, national, and global economies.
  • Cyber attacks.
  • Weather conditions and related regulatory mechanisms.
  • Competition from other energy providers.
  • Inability to renew or obtain new franchise agreements or certificates of public convenience.
  • Environmental laws or regulations associated with global warming and climate change.
  • Increased compliance and pipeline safety requirements and fines.
  • Regulatory actions or failure to obtain timely rate relief.
  • Investment in Mountain Valley Pipeline, LLC.
  • Access to capital to maintain liquidity.
  • Failure to comply with debt covenant requirements.
  • Post-retirement benefits and related funding of obligations.
  • Exposure to market risks.
  • General downturn in the economy or prolonged period of slow economic recovery.
  • Insurance coverage may not be sufficient.
Mitigation Strategies
  • Updated pandemic plan.
  • Security measures in place to protect IT systems; cyber insurance.
  • Rate mechanisms (WNA, ICC, PGA) to mitigate weather variations and gas price volatility.
  • Continued advocacy for natural gas in Roanoke Valley.
  • Anticipation of franchise renewal.
  • Maintaining commitment to safe and reliable delivery of natural gas.
  • Insurance coverage.
  • Multiple interstate pipelines and LNG facility to manage pipeline contracts and gas supply.
  • Asset management agreement with Sequent Energy Management, L.P.
  • Summer storage programs.
  • Multi-year contracts to meet natural gas supply needs.
  • Monitoring and addressing cyber security risks.
  • Maintaining amicable relationship with union.
  • Implementing strategies to attract and retain employees.
  • Evaluating adequacy of current facilities.
  • Maintaining insurance coverage.
  • Diversification of capital sources.
  • Compliance with debt covenants.
  • Soft-frozen pension and postretirement plans; lump-sum payout options.
  • LDI approach to reduce volatility in pension plan's funded status.
  • Contingency planning for economic downturns.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed