Duke Energy, one of the largest electric power holding companies in the U.S., announced a major expansion of its clean energy and emissions reduction initiatives on Friday during its inaugural environmental, social and governance (ESG) investor day.

During the investor day, Duke Energy’s senior executives outlined plans to reduce methane emissions in its natural gas business to net-zero by 2030. The company’s leadership also detailed goals to accelerate the number of coal plant retirements in the Carolinas and Midwest and to retire all coal-only units in the Carolinas by 2030. The company also plans to double renewable portfolio output to 16 gigawatts by 2025 and 40 gigawatts regulated utilities by 2050.

“We are enthusiastic about the prospect of scaling up our clean energy efforts, driving economic growth in our states and growing our business as we collaborate with stakeholders to develop smart energy policy and solutions for the future,” CEO Lynn Good said. “Our confidence in these new commitments is grounded in Duke Energy’s strong record of results.”

Good emphasized the company’s commitment to the environment, customers and stakeholders throughout the event, saying “customers, stakeholders want us to lean into the issue of climate change.” Good reported the company had seen 39 percent carbon emission reductions, but it’s “not stopping there.”

To reduce methane emissions in its natural gas business, Duke Energy has eliminated all cast iron and bare steel pipes in its natural gas delivery system, which removes a significant contributor to methane leakage. The company is targeting further methane reductions by deploying new technologies for measuring and monitoring and joining ONE Future, a coalition of natural gas companies working to reduce methane emissions.

“Working with the industry to address upstream emissions will complement the methane emissions reduction we will achieve in our natural gas business,” Sasha Weintraub, Duke Energy’s senior vice president, natural gas business, said. “This comprehensive approach enables us to better serve the interests of our customers and meet the expectations of investors who value sound environmental practices.”

Shares of Duke Energy Corporation (DUK) closed up 15 cents to end Friday at $93.30.