UVV - Universal Corporation Announces Progress Towards Climate Goals | Benzinga
RICHMOND, Va., Jan. 29, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV) today announced that, as part of Universal's commitment to a sustainable supply chain and minimizing greenhouse gas emissions, it has entered into a virtual power purchase agreement (VPPA) with Clearway Energy Group for energy produced by a new solar project in Texas. Universal's contracted portion of the project is intended to address emissions from 100 percent of Universal's annual purchased electricity demand in the United States.
"This is a meaningful step towards meeting our science-based environmental target to reduce operational greenhouse gases emissions by 30 percent by 2030," said George C. Freeman III, Universal's Chairman, President, and Chief Executive Officer. "When the solar project is operational, we expect to hit this target for our U.S. operations ahead of schedule. Universal is proud of the steps we ...