Hess Corporation’s 2016 Sustainability Report Shows Continued Progress in Safe, Responsible Business Practices
July 19 2017 - 2:23PM
Business Wire
- Improved employee total recordable
incident rate (TRIR) by 58 percent and reduced process safety
events by 36 percent compared to 2015
- Reduced flaring and greenhouse gas
(GHG) emission intensities from operated assets by 29 percent and
20 percent, respectively, versus a 2014 baseline
- Invested nearly $20 million in
social programs, with the majority for education
Hess Corporation (NYSE: HES) published its 2016 Sustainability
Report today, providing a comprehensive review of the company’s
strategy and performance on safety, environmental, social and
governance programs and initiatives. An electronic version is
available at
http://www.hess.com/sustainability/sustainability-reports.
“We believe sustainable practices create value for our
shareholders and opportunities to continuously improve business
performance,” said Hess CEO John B. Hess. “We are proud of the
progress made and excited to continue building a sustainable
enterprise that makes a positive difference for our stakeholders
and the world around us.”
Hess Corporation’s 20th annual sustainability report has
achieved the G4 Core level for sustainability reporting under the
Global Reporting Initiative (GRI) methodology. GRI is an
independent organization that provides the world’s most widely
recognized sustainability reporting and disclosure standards. The
report has been third-party assured by ERM Certification and
Verification Services.
Highlights from this year’s report include:
- Driving strong safety
performance: The company experienced a four-year low in the
number of process safety events in 2016 with a 36 percent
improvement compared to 2015. In personal safety, the employee TRIR
decreased year-over-year from 0.24 to 0.10, a 58 percent
improvement.
- Decreasing environmental impact:
Through 2016, Hess reduced flaring and GHG emission intensities
from operated assets by 29 percent and 20 percent, respectively,
versus a 2014 baseline. Hess received one of the highest rankings
among energy producers in the 2016 Newsweek Green Rankings of the
500 largest publicly traded companies in the United States and was
recognized on the prestigious CDP Global Climate List, as a leader
in addressing climate change-related risks and opportunities.
- Making a difference in local
communities and managing social risk: Hess’ social investment
program in 2016 totaled nearly $20 million, with more than $16
million directed toward education projects. In host communities,
the company conducted risk-based human rights training at selected
assets and incorporated human rights training into its contractor
onboarding process. Hess has earned a place, for the 10th
consecutive year, on Corporate Responsibility magazine’s
prestigious list of 100 Best Corporate Citizens for 2017. The list
recognizes public companies across the United States with strong
performance in such areas as environment, climate change, employee
relations, human rights, governance, finance, philanthropy and
community support.
Hess Corporation is a leading global independent energy company
engaged in the exploration and production of crude oil and natural
gas. Hess is committed to helping meet the world’s growing energy
needs in a safe, environmentally responsible, socially sensitive
and profitable way. More information on the company is available at
www.hess.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170719006159/en/
Hess CorporationInvestors:Jay Wilson,
212-536-8940jrwilson@hess.comorMedia:Lorrie Hecker,
212-536-8250lhecker@hess.com
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