What are Mission Vision & Core Values of AltaGas Company?

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What Drives AltaGas Forward?

Mission and vision statements provide the essential strategic direction for any successful corporation. For a critical infrastructure company like AltaGas, these elements are fundamental to operational integrity and long-term value creation. They serve as a compass, guiding the company through the energy transition.

These principles shape every business decision, ensuring a commitment to delivering clean, affordable, and reliable energy. Understanding this foundation is key to any AltaGas Porter's Five Forces Analysis.

This AltaGas mission statement distinctly centers on its customers and communities. It defines its offering as safe, reliable, and affordable energy, a value proposition focused on improving quality of life through essential services. This commitment is reflected in tangible operations; for example, the Utilities segment invested $530 million in 2023 on system modernization and safety programs, directly embodying the promise of reliability.

Safety First

This is a foundational pillar, demonstrated through extensive pipeline integrity management and employee safety protocols.

Operational Reliability

The company ensures consistent energy delivery, a critical component of its AltaGas corporate responsibility to communities.

Affordability Commitment

Programs are in place to support vulnerable customers, ensuring energy remains accessible to all.

Community Focus

Investing in the well-being of the communities they serve is central to the AltaGas business philosophy.

Stakeholder Well-being

The mission prioritizes the needs of customers, communities, and employees over pure profit maximization.

Guiding Principles

This mission directly informs the AltaGas code of conduct and its day-to-day operational decisions.

The AltaGas vision statement builds upon this mission, outlining a future where the company is a leader in providing sustainable energy solutions. This strategic direction is deeply connected to its Owners & Shareholders of AltaGas, who are aligned with these long-term, sustainable goals. The AltaGas core values, including integrity and accountability, provide the ethical framework for achieving both the mission and vision, solidifying the company's AltaGas purpose in the energy sector.

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This future-oriented vision statement builds upon the company's mission, emphasizing sustained market leadership and a commitment to navigating the evolving energy landscape for long-term relevance.

Market Leadership

The vision targets a position at the forefront of the energy infrastructure sector.

Energy Transition

It signifies an ambition to adapt and lead through changes in the energy mix.

Future Relevance

The inclusion of 'tomorrow' ensures the vision remains credible and aspirational.

Resilient Infrastructure

It focuses on maintaining an essential role with adaptive and reliable assets.

Strategic Priorities

This vision directly informs the company's strategic goals and ESG commitments.

Stakeholder Commitment

The vision is a promise to customers and communities for both today and the future.

This guiding principle for the future is supported by a strong operational foundation, including the 598 MW of owned power generation capacity and extensive midstream assets that are key to its Revenue Streams & Business Model of AltaGas.

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The AltaGas core values provide the essential framework that guides every operational and strategic decision the company makes. These foundational principles shape their corporate culture and underscore their commitment to stakeholders.

Integrity

This value dictates unwavering ethical conduct and transparency, manifested in rigorous compliance protocols and honest communication. Their comprehensive ESG reporting provides measurable transparency on performance metrics.

Safety

Safety is the non-negotiable foundation of all operations, operationalized through advanced monitoring technology and extensive training. In 2024, the company reported a 15% year-over-year improvement in its total recordable injury frequency rate.

Excellence

This value drives continuous improvement in operational and commercial performance, evident in strategic projects like the Pipestone plant expansion. The expansion increased processing capacity to 300 MMcf/d, showcasing their pursuit of efficiency.

Care

Care reflects their commitment to employees, communities, and the environment, demonstrated through a $350 million commitment to RNG investments. Their inclusive workplace fostered an employee engagement score of 82% in 2024.

These core values are integral to the AltaGas business philosophy, creating an identity built on trust and reliability. Discover how this foundation directly informs the Growth Strategy of AltaGas and its strategic priorities.

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A company's mission and vision serve as its strategic north star, directly influencing capital allocation and long-term planning. For AltaGas, these foundational statements are not just words but the driving force behind every major investment and operational decision.

AltaGas Mission Statement

AltaGas' mission is to provide safe, reliable, and affordable energy to its customers while delivering sustainable value to its stakeholders. This core purpose shapes its daily operations and long-term strategic priorities.

• Deliver safe and reliable energy
• Provide affordable energy solutions
• Generate sustainable value for stakeholders
• Uphold the highest standards of operational excellence

AltaGas Vision Statement

AltaGas envisions being a leading North American energy infrastructure company that connects customers and markets to affordable, reliable, and clean energy for today and tomorrow.

Core Value: Safety

The unwavering commitment to safety is the cornerstone of AltaGas' corporate culture and code of conduct, protecting people, communities, and the environment.

Core Value: Integrity

AltaGas operates with honesty, transparency, and ethical behavior in all its dealings, building trust with stakeholders and upholding its corporate responsibility.

Core Value: Respect

Fostering an inclusive environment that values diverse perspectives, empowers employees, and strengthens community relationships is central to the AltaGas culture.

Core Value: Excellence

The relentless pursuit of operational and commercial excellence drives continuous improvement and innovation across all of AltaGas' strategic priorities.

Core Value: Collaboration

By working together effectively with partners, customers, and communities, AltaGas achieves its common goals and strengthens its value proposition.

These guiding principles directly translate into action, like a CAD $5 billion utilities growth plan through 2027 for reliability and a midstream strategy capitalizing on global LPG demand, achieving record exports of over 140,000 bbls/d in 2024. This strategic influence is crucial for understanding the company's direction, just like knowing the Target Market of AltaGas is. Continue to the next chapter: Core Improvements to Company's Mission and Vision.

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The current AltaGas mission statement and AltaGas vision statement provide a solid foundation, yet strategic refinements could better reflect their evolving role in the energy sector. Enhancing specificity around their AltaGas sustainability goals and internal culture would align these statements with cutting-edge corporate governance principles.

Explicitly Embedding the Energy Transition

A growth opportunity lies in explicitly referencing their role in the energy transition within the vision statement, a refinement that would powerfully communicate their strategic investments in RNG and hydrogen blending projects central to their AltaGas ESG framework.

Elevating Employee Recognition

The mission could be enhanced by more directly acknowledging employees as key stakeholders, a common trait in highly rated corporate cultures that would better position the company to attract and retain top talent, a critical factor for success as detailed in this analysis of AltaGas's operational history.

Quantifying Sustainability Commitments

Incorporating specific, measurable targets for emissions reduction would strengthen the AltaGas corporate responsibility narrative, moving beyond broad statements to defined objectives that resonate with investors focused on the company's AltaGas strategic priorities.

Articulating a Defined Value Proposition

Sharpening the language around the unique AltaGas value proposition, particularly how its integrated infrastructure model delivers energy security and affordability, would provide clearer competitive differentiation and align with its AltaGas business philosophy.