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ESG Evaluation: UGI Corp.

UGI Corp., distributes, stores, and markets energy products and related services. The company operates through four business segments: AmeriGas Propane is the largest propane distributor in the U.S., serving more than 1.5 million customers in all 50 states (36% of UGI reported EBIT in 2020); UGI International distributes liquified petroleum gas (LPG) in 17 countries throughout Europe and conducts a natural gas and electricity marketing business in France, Belgium, the Netherlands, and the U.K. (25%); UGI Utilities operates a regulated natural gas distribution business serving more than 670,000 customers and a regulated electric utility business serving 62,500 customers mainly in Pennsylvania (22%); and UGI Energy Services sells natural gas, renewable natural gas (RNG), liquid fuels, and electricity to 14,000 U.S. customers, conducts midstream natural gas operations through its ownership of underground natural gas storage, gas peaking plans, and pipeline assets, and has ownership intere