MASHINIi

NiSource Inc.

NI.US | Electric power generation, transmission and distribution

NiSource Inc. is a fully-regulated utility company that provides natural gas and electric services. The company operates through two segments: Gas Distribution and Electric Operations. The Gas Distribution segment delivers natural gas to residential, commercial, and industrial customers. The Electri...Show More

Ethical Profile

Mixed.

NiSource Inc. faces scrutiny over worker treatment, including a $1 million penalty for employment discrimination in 2019, with reports suggesting wage theft. Despite this, the company shows strong environmental commitments: a 67% reduction in Scope 1 greenhouse gas emissions since 2005, targeting net-zero by 2040. NiSource will retire all coal-fired generation by 2028, replacing it with renewables like the Cavalry Solar project (powering ~60,000 homes). A $50,000 grant supported 800 acres of wetland restoration. Recognized as one of the World's Most Ethical Companies, critics still note its reliance on natural gas and existing coal operations.

Value Scores

Better Health for All-20
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect20
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals10
-100100
No War, No Weapons-20
-100100
Planet-Friendly Business-40
-100100
Respect for Cultures & Communities50
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

-20

NiSource's core energy services, particularly from historical coal-fired generation, have negative health impacts. However, the company is actively mitigating these, having reduced Scope 1 greenhouse gas emissions by approximately 72% from 2005 levels by the end of 2023.

1
It plans to retire 100% of coal assets by 2028, replacing them primarily with renewables, which aims to decrease respiratory and cardiovascular health issues.
2
,
3
The company also reduced water withdrawal by over 90% from 2005 levels by the end of 2023
4
and supports ecological restoration projects, such as a $50,000 grant for 800 acres in Gary, Indiana, which can lead to improved mental and physical health outcomes.
5
NiSource provides substantial energy assistance programs, distributing over $61 million in 2023 to assist 172,449 customers, and supports environmental justice principles, addressing socio-economic disparities that impact health.
6
The company demonstrates excellent risk transparency by regularly reporting on environmental issues and performance.
7
NiSource's products do not have addiction potential, nor does the company engage in pharmaceutical, food production, or clinical trial activities. It does not offer health-related products or services requiring accessibility considerations or collect health-related data.

Fair Money & Economic Opportunity

0

No evidence available to assess NiSource Inc on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

20

For fiscal year 2024, NiSource Inc. reported a CEO to median employee pay ratio of 102:1.

1
As of December 31, 2024, 32% of the workforce was subject to collective bargaining agreements.
2
The company's voluntary employee turnover rate (resignations) was 3% in 2024.
3
No substantiated labor-law or human-rights violations were reported for the past three years (2023-2025).

Fair Trade & Ethical Sourcing

0

No specific, quantifiable evidence was found in the provided articles to assess NiSource Inc. against the defined Key Performance Indicators for Fair Trade & Ethical Sourcing. Information regarding fair-trade certification, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in contracts, share of high-risk materials, or current diverse supplier spend percentages was not explicitly stated. A target for diverse supplier spend by 2025 was mentioned, but this is a forward-looking statement and not evidence of current performance. NiSource Inc. aims for 25% diverse supplier spend by 2025.

1

Honest & Fair Business

0

In the past three years, NiSource and its subsidiaries incurred over $206 million in ethics-related penalties.

1
This includes a $53 million criminal fine for a federal pipeline safety law violation by its subsidiary, Columbia Gas, and a $143 million settlement for related class action lawsuits, stemming from a 2018 disaster.
2
Additionally, various subsidiaries faced over $10 million in fines for utility safety, energy market, and pipeline safety violations between 2023 and 2025.
3
The company's board has 11 out of 12 members, or 91.67%, who are independent.
4
NiSource maintains a robust anti-corruption policy, revised in May 2023, which prohibits bribery, kickbacks, and facilitation payments, requires third-party vendor compliance with anti-corruption laws including the FCPA, and mandates annual employee training on anti-bribery and corruption.
5
The company also has a comprehensive whistleblower policy, communicated to all staff through annual training, offering a 24/7 anonymous hotline and web reporting via an independent third-party provider, and explicitly prohibiting retaliation against those who report concerns in good faith, with allegations subject to prompt investigation.
6

Kind to Animals

10

NiSource demonstrates commitment to animal welfare through significant wildlife conservation and habitat restoration efforts. The company has a Multi-Species Habitat Conservation Plan (MSHCP) addressing 42 species

1
, with an Incidental Take Permit for 10 federally listed species over a 50-year period
2
, covering 9,783,200 acres
3
. This plan includes $799,595 for aggregate/O&M mitigation
4
and $27,848,800 for project-specific mitigation over the permit's life
5
. Since 2020, NiSource has contributed to the restoration of over 6,500 acres
6
, including 6,653 acres in 2023 (3,575 voluntary and 3,078 mandatory mitigation)
7
. By 2023, 26 biodiversity management plans were completed
8
. The company manages vegetation on approximately 142,000 acres of owned lands and easements
9
, with targets for No Net Loss and Conservation Benefit per site
10
, including managing lands for monarch butterfly and pollinator habitats on over 300 acres of rights-of-way
11
. The NiSource Charitable Foundation awarded $50,000 grants to The Wetlands Initiative (TWI) in 2024
12
and 2026
13
, supporting projects to restore 800 acres of natural space
14
. In 2024, NiSource launched a sheep grazing pilot project on 100 acres of land with solar panels
15
, planning to scale to 1,000 acres
16
. This program includes providing sheep handling equipment, access to water, managing flock health, daily rotations, site welfare, electric fencing, livestock guardian dogs for safety, and special care during lambing season
17
. Furthermore, NiSource actively engages in public policy, having developed a Karner Blue Butterfly Habitat Conservation Plan with the U.S. Fish & Wildlife Service in 2005
18
, and is a founding partner and signatory for the Nationwide Candidate Conservation Agreement with Assurances for Monarch Butterfly on Energy and Transportation Lands
19
. The company also engages with federal agencies to implement its MSHCP
20
.

No War, No Weapons

-20

NiSource Inc. does not engage in weapons manufacturing or military contracts, with its federal agency contracts being for natural gas services and not military applications

1
. The company has no defense assets to divest and no exposure to controversial weapons
2
. However, its investments in social and environmental initiatives are not specifically aligned with peace values or disarmament
3
.

Planet-Friendly Business

-40

NiSource aims to achieve net-zero Scope 1 and 2 emissions by 2040, with an interim target of a 90% reduction by 2030.

1
The company plans to retire its coal assets by 2028
2
and has already reduced Scope 1 greenhouse gas emissions by 67% since 2005.
3
NiSource is also exploring diverse energy sources, including a multi-phase hydrogen blending project to integrate hydrogen into natural gas systems.
4
Its subsidiary, NIPSCO, completed the 200-megawatt Cavalry Solar project, which includes 45 MW of battery storage.
5
NiSource has been recognized on the S&P Dow Jones Sustainability Indices for its environmental stewardship.
6

Respect for Cultures & Communities

50

NiSource has established 11 formal partnerships with local community groups and non-profits, including five Community Advisory Panels (CAPs) in Indiana, The ARC Northwest Indiana, Besa, Junior Achievement, Girl Scouts of the USA, Purdue University Northwest, and The Wetlands Initiative.

1
The company has no reported cultural appropriation incidents. Formal grievance mechanisms, including an Ethics Hotline and web reporting, are available company-wide for human rights impacts, implying 100% availability to communities.
2
NiSource supported 1028 minority-owned businesses.
3
Columbia Gas of Virginia committed to preserving a building, potentially a heritage site, during remediation efforts, and no incidents of cultural site disruption were reported.
4

Safe & Smart Tech

10

NiSource actively supports ethical technology standards by participating in industry collaborations aimed at securing critical infrastructure. In April 2023, the company joined the North American Energy Software Assurance Database (NAESAD) to share Software Bill of Materials (SBOMs) and bolster critical infrastructure security.

1
It also became a member of the Asset to Vendor Network (A2V) in November 2020, facilitating the sharing of security data and findings with other utilities to enhance collective cybersecurity measures.
2

Zero Waste & Sustainable Products

-20

NiSource has set ambitious waste reduction targets, including a 99% reduction in water withdrawals, wastewater, and coal ash by 2030

1
, a 90% reduction in Scope 1 emissions by 2030
2
, and net-zero emissions by 2040
3
. The company also targets a 50% reduction in methane emissions from mains and services by 2025
4
. These targets are supported by multiple initiatives such as infrastructure modernization, pipeline replacement, a $3 billion investment in renewable energy projects
5
, and the planned retirement of all coal-fired generation by 2026-2028
6
.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.