- Vulnerability to natural disasters (hurricanes, flooding) due to island location
- Increasing energy demand on Grand Cayman
Caribbean Utilities Company, Ltd.
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 486.0K tCO2e/year |
| 2022 | 449.6K tCO2e/year |
| 2021 | 436.9K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Completed Liquid Natural Gas procurement strategy to reduce CO2 output by 40%
- Submitted Certificate of Need for 100 MW of solar plus storage and 36.1 MW of thermal generation by June 1, 2027, aiming for 39% renewable energy penetration by 2027 and a 28% emissions reduction (compared to 2019)
- Established Green Financing Framework, assessed as “Excellent” by Sustainable Fitch
- Issued US$80 million of Senior Unsecured Notes, allocating $50 million to fund green initiatives
🎯 Climate & Sustainability Targets
📅 Medium-term
- Achieve 39% renewable energy penetration by 2027 and reduce CO2 emissions by 28% (compared to 2019)
🌱 ESG Focus Areas
Climate ChangeRenewable EnergyEnergy EfficiencySustainability