Enbridge is a leading North American energy infrastructure company. The energy we deliver heats homes, feeds families and helps to power the economy. Our four core businesses—Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage and Renewable Power—meet the needs of today while advancing energy solutions for tomorrow.

This report, and our suite of related publications, represent Enbridge’s ongoing focus on transparency and the disclosure of sustainability-related activities and performance relevant to our business and stakeholders. We remain accountable by engaging with our stakeholders, addressing material¹ topics and aiming to provide a balanced view of our performance.

A message from our CEO and Board Chair

At Enbridge, we continue to focus on safely providing the energy needed today while simultaneously advancing solutions for tomorrow. In 2024, we continued to grow all areas of our business, taking steps to reinforce our goal to be the first-choice energy delivery company for our customers, communities, investors, regulators, policymakers and employees.

‘All-of-the-above’ approach to the energy transition

Over the year, we saw demand for energy continue to grow, driven by factors including population growth, data centers and artificial intelligence, and the resurgence of North American manufacturing. To meet increased demand across North America and around the world, while continuing to drive down emissions intensity, we believe an energy evolution, which will take all forms of energy, will be required.

Economies, societies and consumers benefit from reliable, affordable and sustainable energy choices. Enbridge’s strategy and our portfolio of oil, natural gas and renewable power businesses are critical to maintaining a balanced approach that we believe enables a durable energy evolution.

Leveraging our strengths

In this “all-of-the-above” approach, the need for natural gas as a key energy source continues to be validated by consumer behavior and strong market fundamentals.

Natural gas is plentiful, and versatile as a fuel and feedstock that complements other forms of energy. When the sun doesn’t shine and the wind doesn’t blow, natural gas is a stable power solution. In cold snaps and heat waves, natural gas is there, quickly and easily dispatchable to meet peak demand. Natural gas is always on—serving as a reliable source for commercial, residential and industrial energy needs.

Supporting our belief in the crucial role of natural gas, this past year, we completed the acquisition of natural gas distribution businesses in Idaho, North Carolina, Ohio, Utah and Wyoming. This was a strong move for us, and we saw it as a once-in-a-generation opportunity to acquire three high-quality, growing natural gas utilities at a historically attractive valuation. Today, we are pleased to be delivering safe, reliable and affordable energy to more than seven million customers across North America.

These acquisitions add to the strength of our asset base. Enbridge is fortunate to have nearly all elements of the energy infrastructure value chain: the largest crude oil pipeline system in North America; a flourishing gas transmission and midstream business; investments of nearly $12 billion in renewables with the capacity to generate 6,612 megawatts of renewable energy (gross capacity); and an expanded gas utility business that is now the largest by volume in North America.

 

“Economies, societies and consumers benefit from reliable, affordable and sustainable energy choices. Enbridge’s strategy and our portfolio of oil, natural gas and renewable power businesses are critical to maintaining a balanced approach that we believe enables a durable energy evolution.”

—Enbridge’s Greg Ebel, President and CEO, and Steven Williams, Chair, Board of Directors

Our long-term strategy is focused on growth across all these business areas. From our mix of assets to our footprint across North America and into Europe—we are balancing the needs of different customers and communities. Our energy diversity is a strength as we work toward being a first-choice energy company.

Dedication to safety

At Enbridge, we are committed to fostering a culture that deeply values and prioritizes delivering energy safely—for the public and our people. We continue to hold safety as a core value, and we are committed to being transparent about our operations as a company. We achieved a 23% reduction¹ in total recordable incident frequency among employees and contractors for the year, exceeding our goal of a 10% improvement over the previous three-year average. Despite these improvements, we are deeply saddened by the loss of a contractor in 2024. This tragedy has deepened our resolve to do everything possible to prevent events like this in the future.

Continued focus on efficiency

As we grow, we must also maintain our strong focus on efficiency and continue to reduce our GHG emissions intensity. We are investing in modernizing our systems and using innovative techniques to manage methane emissions from our operations. This includes mitigating methane releases during equipment maintenance and construction. We are also gaining a clearer picture of how and where methane emissions may occur by exploring options for data quality improvements in measurement and monitoring tools. We are proud to share we are making progress on this front—since our 2018 baseline we have reduced the GHG emissions intensity of our operations by 40%^2,3 and we have reduced our absolute GHG emissions by 22%.⁴

We continue to explore ways to increase efficiency and reduce our emissions across our operations.

Tomorrow is on

Looking back on the year, we are honored to serve alongside our high-performing Enbridge team to deliver energy to millions of people in North America and increasingly beyond; and we remain focused on our vision to provide energy in a more planet-friendly way, everywhere people need it. Tomorrow is on at Enbridge.

Sincerely,

Gregory L. Ebel
President and Chief Executive Officer

 

Steven W. Williams
Chair, Board of Directors

¹ Excludes U.S. gas utilities employees and contractors.
² GHG emissions are from assets over which we have operational control (Scope 1 and Scope 2 emissions). Projected reductions of GHG emissions intensity and absolute emissions are relative to the 2018 baseline year.
³ This metric aggregates emissions and throughput for each business unit on the basis of tonnes of carbon dioxide equivalent per energy delivered in petajoules (PJ).
⁴ Absolute emissions.

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