Apache Corporation Releases 2018 Sustainability Report
November 19 2018 - 5:02PM
Apache Corporation (NYSE/Nasdaq: APA) has released its 2018
Sustainability Report. The online report features extensive
disclosure of Apache's performance in governance, economics,
environmental stewardship, health and safety, workforce development
and community engagement. The report is available at
www.apachecorp.com/Sustainability.
John J. Christmann IV, Apache's chief executive officer and
president, said, “At Apache, we understand that our company’s
success hinges upon our ability to produce lasting benefits for all
stakeholders, including our investors, our employees and the
communities in which we operate. To accomplish this, we are
building for the future sustainably by investing in innovative
operational approaches that deliver environmental, social and
financial returns.”
Among the highlights, the 2018 report:
- Provides increased transparency on Apache's most
material sustainability issues - Apache undertook a
materiality analysis in 2017 to identify the issues that are most
important to our stakeholders. Based on this analysis, the company
is already reporting on all the issues stakeholders rank at the
highest level of importance. In this report, Apache increased the
level of disclosure on many of these topics, including water use
and sourcing; water quality and wastewater management; greenhouse
gas (GHG) emissions and energy use; sustainability; health, safety
and environment (HSE); social issue management; regulation and
compliance; and risk management.
- Highlights Apache’s efforts to foster a culture of
innovation and continuous improvement - The featured
innovation section outlines Apache’s efforts to explore and
implement new and better technologies and streamline processes
companywide. For instance, Apache worked to apply advanced data
analytics to enhance our drilling performance results and reduce
operational costs; develop innovative ways to recycle and reuse
produced water; and improve seismic surveying technology to better
locate and unlock oil and gas reserves.
- Provides an in-depth update about our work in Alpine
High - The report details how Apache is protecting local
resources, implementing best management practices and coordinating
with key community leaders to ensure the safe and responsible
development of its new multidecade resource play, Alpine High.
- Addresses stakeholders' most frequently asked
questions - The report contains a special section that
answers stakeholders' most frequently asked questions. The section
provides concise yet thorough answers about how Apache is
addressing these issues and points readers to more detailed,
related content throughout the report.
The report also highlights Apache's performance in key
sustainability areas, including:
- Improving health and safety - Since 2013,
Apache has reduced safety incidents for employees and contractors
by lowering our Total Recordable Incident Rate (TRIR) by 41 percent
and Days Away, Restricted or Transferred (DART) rate by 50
percent.
- Reducing methane emissions - Apache is on
track to meet its goal to reduce methane emissions intensity to
0.36 percent by 2025. In 2017, the company's global methane
emissions intensity was 0.43 percent, a 9 percent reduction from
2016.
- Using alternatives to fresh water - In 2017,
only 2 percent of Apache's water withdrawals were fresh water.
Apache uses recycled produced water and nonpotable, brackish
groundwater to reduce its use of fresh water.
- Benefiting our communities - Apache aims to
benefit our communities by hiring and spending locally. In 2017, 97
percent of Apache employees were local nationals, and nearly 30
percent of the company's spending was with local vendors. Apache
also contributed $34 million in local taxes assessed upon current
company reserves.
The 2018 report was prepared using the Global Reporting
Initiative’s (GRI) Sustainability Reporting Standards and meets the
requirements for a core-level report. GRI is a nonprofit
organization that promotes economic, environmental and social
sustainability. Its comprehensive sustainability reporting model is
widely used around the world. Also consulted were the
Sustainability Accounting Standards Board (SASB), IPIECA’s Oil and
Gas Industry Guidance on Voluntary Sustainability Reporting, and
Disclosing the Facts 2019.
About Apache
Apache Corporation is an oil and gas exploration and production
company with operations in the United States, Egypt and the United
Kingdom. Apache posts announcements, operational updates, investor
information and press releases on its website, www.apachecorp.com,
and on its Media and Investor Center mobile application, which is
available for free download from the Apple App Store and the
Google’s Play store.
Contacts
Investor: (281)
302-2286 Gary Clark
Media: (713) 296-7276
Castlen Kennedy
Phil
West
Website: www.apachecorp.com
APA-OAPA-G
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/5737ce25-8e9a-44dc-8ed6-1795128c1eac
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