Fortis Inc.
Q2 2022 Earnings Call
Jul 28, 2022, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Welcome to Fortis' second quarter conference call and webcast. During the call, all participants will be in a listen-only mode. There will be a question-and-answer session following the presentation. [Operator instructions] At this time, I would like to turn the conference over to Stephanie Amaimo.
Please go ahead, Ms. Amaimo.
Stephanie Amaimo -- Vice President, Investor Relations
Thanks, Michelle, and good morning, everyone, and welcome to Fortis' second quarter 2022 results conference call. I'm joined by David Hutchens, president, and CEO; Jocelyn Perry, executive VP, and CFO; other members of the senior management team, as well as CEOs from certain subsidiaries. Before we begin today's call, I want to remind you that the discussion will include forward-looking information, which is subject to the cautionary statement contained in the supporting slideshow. Actual results could differ materially from the forecast projections included in the forward-looking information presented today.
All non-GAAP financial measures referenced in our prepared remarks are reconciled to the related US GAAP financial measures in our second quarter 2022 MD&A. Also, unless otherwise specified, all financial information referenced is in Canadian dollars. With that, I will turn the call over to David.
David Hutchens -- President and Chief Executive Officer
Thank you and good morning, everyone. Today, we are pleased to report another successful quarter underpinned by our investment in the energy infrastructure needed for the provision of safe and reliable energy service to our customers. For the first half of 2022, we invested $1.9 billion in our system, placing us on track to achieve our 2022 annual capital plan and supporting our second quarter adjusted earnings of $0.57 per common share. In today's economic environment, our utilities have been especially focused on maintaining customer affordability by proactively managing energy prices, as well as other inflationary pressures through hedging programs, energy efficiency programs, and cost reduction initiatives.
Today, we released our 2022 sustainability report highlighting the progress made to reduce our greenhouse gas emissions and linked sustainability targets to executive compensation and the corporation's revolving credit facility. The report also includes comprehensive diversity data on employees across the Fortis Group of companies which will advance our DEI strategies and inform our objectives setting. Overall, the report contains more than 35 new key performance indicators and is fully aligned with the applicable Sustainability Accounting Standards Board or SASB standards. During the quarter, we continued to make progress toward our greenhouse gas emissions reduction targets.