Caribbean Utilities releases 2025 sustainability report

Mr. Richard Hew reports FROM VISON TO IMPACT: CARIBBEAN UTILITIES COMPANY, LTD.'S 2025 SUSTAINABILITY UPDATE REPORT, ADVANCING ESG PRIORITIES AND UNITED NATIONS SUSTAINABILITY DEVELOPMENT GOALS ALIGNMENT Caribbean Utilities Co. Ltd. has published its 2025 sustainability update report, reaffirming the company's dedication to advancing its environmental, social and governance initiatives. The report outlines key achievements made between Jan. 1 and Dec. 31, 2024, and highlights strategic actions designed to advance long-term sustainability across the company's operations. All figures in this press release are stated in U.S. dollars. Highlights include: Environmental: Commissioned Grand Cayman's first utility-scale battery energy storage system of 20 megawatts; Accelerated efforts in system hardening and grid resiliency, including the strategic undergrounding of key transmission lines; 2025 to 2029 capital investment plan includes $60.0-million in grid hardening, $6.6-million in customer energy efficiency and $2.6-million in low-carbon transportation projects; Launched the company's Green Financing Framework, earning an excellent rating from a second party opinion provider and issuing $50-million in green notes to finance impactful projects; The $50-million green notes were honoured with the Global Banking & Markets Latin America award for debt deal of the year -- Caribbean; Social: 50 per cent of board of directors are female; Earned the prestigious Investors In People Gold certification for the third-consecutive time; Company's staff completed over 26,000-plus hours of training; Zero lost-time injuries reported; Governance: Increased dividend rate by 3 per cent to 74 cents; Earnings per share increased to $1.08; System Average Interruption Duration Index of just 1.8 hours, outperforming North American benchmark of two hours of average outage time per customer. The report also includes third party verification on the company's Scope 1 greenhouse gas emissions. "While some companies and jurisdictions around the world are scaling back their sustainability efforts, we remain firmly committed to advancing ours. Over the past year, we've made meaningful progress in expanding energy transition and grid resiliency investments and delivering innovative solutions that help our customers live more efficiently and conserve energy. Our goal is to continue working collaboratively to ensure we provide safe, reliable and affordable service to our customers. I'm proud of the team's ongoing engagement as responsible corporate citizens and their dedication to supporting employee development and growth," said president and chief executive officer Richard Hew. The company remains deeply committed to supporting the Cayman Islands National Energy Policy's goals of 70-per-cent-renewable-energy penetration by 2037. To drive progress toward these ambitious targets, strategic emphasis will be placed on the company's energy transformation and affordability, as well as its system reliability and resilience initiatives. Looking ahead, Caribbean remains firmly focused on advancing renewable energy solutions while maintaining cost affordability for consumers. The company is committed to working collaboratively with regulators and stakeholders to deliver an energy future that is not only sustainable and resilient, but also accessible and affordable for all. We seek Safe Harbor.