The Caribbean Utilities Business, Ltd. is noted for trading in United States dollars on the Toronto Stock Market under the trading sign “CUP.U”.
GRAND CAYMAN, Cayman Islands, Nov. 3, 2025/ CNW/ – Caribbean Utilities Business, Ltd. (” CUC or the “Business”) is delighted to reveal the publication of its 2025 Sustainability Update Report, declaring the Business’s commitment to advancing its ecological, social, and governance (” ESG”) efforts. The report describes essential accomplishments made in between January 1 and December 31, 2024, and highlights tactical actions created to advance long-lasting sustainability throughout the Business’s operations. All figures in this news release are specified in United States Dollars.
Emphasizes consist of:
- Ecological
- Effectively commissioned Grand Cayman’s initially utility-scale Battery Energy Storage System, of 20 megawatts (” MW”).
- Sped up efforts in system hardening and grid resiliency, consisting of the tactical undergrounding of essential transmission lines.
- 2025-2029 Capital expense Strategy consists of $ 60.0 million in grid hardening, $ 6.6 million in client energy effectiveness and $ 2.6 million in low carbon transport tasks.
- Introduced the Business’s Green Funding Structure, making an “Outstanding” ranking from a second-party viewpoint company and providing $ 50 million in Green Notes to money impactful tasks.
- The $ 50 million Green Notes were honoured with the International Banking & & Markets Latin America Award for Financial Obligation Offer of the Year-Caribbean.
- Social
- 50% of Board of Directors are female.
- Made the distinguished Financiers In Individuals Gold accreditation for the 3rd successive time.
- Business’s personnel finished over 26,000+ hours of training
- No wasted time injuries reported.
- Governance
- Increased dividend rate by 3% to $ 0.74
- Profits per share increased to $ 1.08
- System Average Disturbance Period Index (” SAIDI”) of simply 1.8 hours, surpassing North American criteria of 2 hours of typical interruption time per client.
The report likewise consists of third-party confirmation on the Business’s Scope 1 Green Home Gas emissions.
” While some business and jurisdictions worldwide are downsizing their sustainability efforts, we stay strongly dedicated to advancing ours. Over the previous year, we have actually made significant development in broadening energy shift and grid resiliency financial investments and providing ingenious options that assist our clients live more effectively and save energy. Our objective is to continue working collaboratively to guarantee we supply safe, reputable, and economical service to our clients. I take pride in the group’s continuous engagement as accountable business residents and their commitment to supporting worker advancement and development,” stated President and CEO, Mr. Richard Hew
The Business stays deeply dedicated to supporting the Cayman Islands National Energy Policy’s objectives of 70% renewable resource penetration by 2037. To drive development towards these enthusiastic targets, tactical focus will be put on the Business’s Energy Change and Price along with its System Dependability and Durability efforts.
Looking ahead, CUC stays strongly concentrated on advancing renewable resource options while preserving expense price for customers. The Business is dedicated to working collaboratively with regulators and stakeholders to provide an energy future that is not just sustainable and resistant, however likewise available and economical for all. To access a copy of the report, please go to the Business’s site at www.cuc-cayman.com.
Forward looking declarations consist of declarations that are predictive in nature, rely on future occasions or conditions, or consist of words such as “anticipates”, “prepares for”, “strategy”, “thinks”, “quotes”, “plans”, “targets”, “tasks”, “projections”, “schedule”, or unfavorable variations thereof and other comparable expressions, or future or conditional verbs such as “might”, “will”, “must”, “would” and “might”. Forward looking declarations are based upon underlying presumptions and management’s beliefs, quotes and viewpoints, and undergo intrinsic dangers and unpredictabilities surrounding future expectations typically that might trigger real outcomes to differ from strategies, targets and quotes. A few of the crucial dangers and unpredictabilities that might impact forward looking declarations are explained in the MD&A in the area identified “Company Dangers” and consist of however are not restricted to functional, basic financial, market and company conditions, regulative advancements and weather condition. CUC warns readers that real outcomes might differ considerably from those anticipated must specific dangers or unpredictabilities emerge, or must underlying presumptions show inaccurate. Positive declarations are offered the function of offering info about management’s present expectations and strategies connecting to the future. Readers are warned that such info might not be proper for other functions. The Business disclaims any intent or commitment to upgrade or modify any positive declarations, whether as an outcome of brand-new info, future occasions or otherwise other than as needed by law.
SOURCE Caribbean Utilities Business, Ltd.