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Cigna is committed to looking for new ways to advance our Sustainability Performance Plan. We frequently review our real estate portfolio and explore opportunities to utilize renewable energy where appropriate. Cigna actively participates in energy auctions where we are often able to purchase renewable energy in addition to hedging against future increases in the cost of the energy. As an example, we participated in demand response contracts that are term-based in our Plano, Texas, and Horsham, Pennsylvania, sites in 2017 and will continue through 2020. As a result, we help our local utility providers in reducing load to the grid based on demand.
In 2018, Cigna installed solar panel over the covered parking lot at our Phoenix, Arizona, office. The space provides shaded parking for 102 cars and helps reduce 365,000 pounds of greenhouse gas emissions per year. Energy is then sold back to a local utility company.
Disclaimer: The report covers calendar year 2018 and unless otherwise noted, excludes the combination with Express Scripts, which closed on December 20, 2018.