Crestwood Equity Partners published their fifth annual sustainability report, entitled “Responsible Growth. Authentic Advancement,” the company said in a June 5 press release.
In the report, the company highlights the various progress made in achieving ESG goals, such as methane emissions intensity rates and Crestwood’s DEI performance, as well as steps the company has taken to balance responsible growth with sustainability objectives.
"Crestwood proactively integrated ESG risks into our transaction underwriting process through the creation of a comprehensive ESG due diligence risk register,” said Robert G. Phillips, the founder, chairman and CEO of Crestwood’s general partner. “Additionally, we developed a carbon acquisition/divestiture protocol to effectively manage emissions associated with acquisitions and divestitures."
Implemented measures include:
- Maintaining a board composition of 89% independent directors for diversity;
- A 5% reduction in methane emissions from 2021 levels and a 58% reduction from 2018 levels;
- Donating $1.5 million to local communities in 2022;
- Achieving inclusion in the 2023 Bloomberg Gender-Equality Index for Crestwood’s third consecutive year; and
- Achieving recognition as the #1 ESG program by the buy-side and the sell-side in the Institutional Investor All American Executive Team Survey for second consecutive year.
Joanne Howard, senior vice president of ESG and corporate communications at Crestwood, said the road to meeting sustainability goals is a lengthy one, but “we remain dedicated to integrating our acquired assets into our leading ESG practices.”
Recommended Reading
VTX Energy Quickly Ramps to 42,000 bbl/d in Southern Delaware Basin
2024-09-24 - VTX Energy’s founder was previously among the leadership that built and sold an adjacent southern Delaware operator, Brigham Resources, for $2.6 billion.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
2024-10-04 - The oil and gas rig count fell by two to 585 in the week to Oct. 4.
EY: How AI Can Transform Subsurface Operations
2024-10-10 - The inherent complexity of subsurface data and the need to make swift decisions demands a tailored approach.
Bowman Consulting to Manage, Monitor Delaware Basin Wells
2024-10-14 - Bowman Consulting Group’s scope of work includes conducting detailed field surveys of above-ground infrastructure assets across well sites of up to to 8 acres.
E&P Highlights: Oct. 7, 2024
2024-10-07 - Here’s a roundup of the latest E&P headlines, including a major announcement from BP and large contracts in the Middle East.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.