Apache Corporation Releases 2020 Sustainability Report
September 30 2020 - 8:50AM
Apache Corporation (Nasdaq: APA) today released its 2020
Sustainability Report, which highlights the company’s performance
in governance, environmental stewardship, health and safety,
workforce development and community engagement. The report is
available at www.apachecorp.com/Sustainability.
“The global pandemic has reminded us of life’s essentials – the
necessities for sustaining life and helping people thrive in better
times. At the core of those essentials is energy. We need reliable,
cleaner and affordable energy supplies to advance society and human
progress. We are committed to responsibly providing energy the
world needs while being a leader on environment, social and
governance issues,” said John J. Christmann IV, Apache's chief
executive officer and president.
“To drive ESG performance, we have expanded the scope of ESG
goals in our 2020 annual incentive compensation plan and increased
their weighting from 10% to 20%. These goals are related to health
and safety, greenhouse gas emissions, freshwater use, natural gas
flaring, workforce training, and the United Nations Sustainable
Development Goals. We understand Apache’s future success depends on
our ability to meet the world’s energy needs in ways that are safe,
environmentally responsible, innovative and profitable – for the
long-term benefit of all our stakeholders,” Christmann
continued.
Report highlights include:
-
Sharing our commitment to
ESG leadership – In order to have the greatest impact,
Apache is focused on the issues most pertinent to and controllable
by the company. In addition to a continued focus on safety, the
company directs its primary efforts towards air, water, and people
and communities.
- Improving health and
safety – Since 2018, Apache has reduced safety incidents
for employees and contractors by lowering its Total Recordable
Incident Rate (TRIR) by 37% and Days Away, Restricted or
Transferred (DART) rate by 49%.
- Reducing methane
emissions – Apache has a rigorous program for preventing,
identifying and eliminating leaks of methane. From 2018, the
company’s global methane emissions intensity was reduced by 8% and
the company achieved its goal of reducing global methane emissions
intensity to 0.37% or less of gross methane production in 2019, six
years earlier than targeted.
- Using alternatives to fresh
water – In 2019, 95% of the water Apache consumed for
operations was obtained from nonfresh sources.
- Benefiting our
communities – Apache’s long-standing commitment to issues
such as natural resources conservation and education has
established a foundation for identifying opportunities where we can
create lasting and sustainable positive impacts. In 2020, Apache is
committing 100% of philanthropic dollars in support of causes that
align with the United Nations Sustainable Development Goals.
About Apache
Apache Corporation is an oil and gas exploration and production
company with operations in the United States, Egypt and the United
Kingdom and exploration activities offshore Suriname. Apache posts
announcements, operational updates, investor information and press
releases on its website, www.apachecorp.com. Specific information
concerning Suriname, ESG performance and other investor-related
topics are posted at investor.apachecorp.com.
Contacts
Investor: (281) 302-2286 Gary
ClarkMedia: (713) 296-7276 Phil
West Website: www.apachecorp.com
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