Digital report includes progress on emissions
intensity reduction and overview of carbon transportation
business
DALLAS, Aug. 1, 2023
/PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today
issued its 2022 Sustainability Report at
http://sustainability.enlink.com. The digital report showcases
EnLink's sustainability achievements during 2022, including
progress on the company's emissions intensity reduction goals and
its carbon dioxide (CO2) transportation business that
will help reduce emissions across other industries.
"EnLink's 2022 Sustainability Report demonstrates how a focus on
sustainability at all levels of the company can create value for
our employees, customers, communities, and investors," EnLink Chief
Executive Officer Jesse Arenivas
said. "While last year was impressive, we are looking forward to
the 'future of midstream' that EnLink is building, coupling
traditional midstream (oil and gas delivery) with new midstream
(carbon transportation solutions). We're providing energy products
critical to powering our modern society and promoting America's
energy independence, while also offering solutions to reduce
greenhouse gas emissions across multiple industries that utilize
these products."
Highlighted Sustainability Achievements
Achievements
and progress updates in environmental, social, and governance areas
covered in the 2022 Sustainability Report include:
- Energy Transformation Achievements:
-
- Announced landmark agreement to provide carbon transportation
for ExxonMobil in support of carbon capture and sequestration
(CCS) activities that will reduce existing emissions in an
industrial area of Louisiana
- Continued to pursue energy transformation opportunities that
leverage EnLink's extensive pipeline network to build a
scalable CCS business; repurposing redundant natural gas pipelines
has a lower environmental impact than entirely new build systems
while still meeting energy demand
- Environmental and Safety Achievements:
-
- Achieved reductions of 2,866 metric tonnes (MT) of methane
emissions or approximately 71,650 MT
of carbon dioxide equivalent (CO₂e) emissions in 2022, putting us
approximately 63% of the way to complete our goal of achieving a
30% reduction in scope 1 methane emissions intensity over 2020
levels by 2024
- Set a company record by achieving a full year without a single
lost-time injury, resulting in EnLink receiving the 2022 Perfect
Record Award for the first time from GPA Midstream Association.
EnLink was the only Division I company to win the award in
2022
- Social Achievements:
-
- Volunteered approximately 1,300 hours to
community nonprofits and causes, including during "Month of
Service" organized by EnLink's Diversity, Equity, and Inclusion
Action Team
- Improved our Parental Leave Policy to grant employees who give
birth up to 10 weeks of 100% paid childbirth recovery leave
- Reported that EnLink's four-person Executive Leadership
Team currently includes two leaders with ethnic diversity and one
woman
- Governance Achievements:
-
- Expanded data reporting to include five years of data
in EnLink's performance data chart and included a new index
that aligns with the Task Force on Climate-Related Financial
Disclosures
- Tied 80% of EnLink's executive compensation to
performance-driven incentives and targeted compensation for each
executive role at the market median (50th percentile)
- Included a "Safety and Sustainability Scorecard" weighted at
15% within EnLink's Short-Term Incentive Program
About EnLink Midstream
Headquartered in Dallas, EnLink Midstream (NYSE: ENLC) provides
integrated midstream infrastructure services for natural gas, crude
oil, condensate, and NGLs, as well as CO2 transportation
for carbon capture and sequestration (CCS). Our large-scale,
cash-flow-generating asset platforms are in premier production
basins and core demand centers, including the Permian Basin,
Louisiana, Oklahoma, and North
Texas. EnLink is focused on maintaining the financial
flexibility and operational excellence that enables us to
strategically grow and create sustainable value. Visit
www.enlink.com to learn how EnLink connects energy to life.
Forward-Looking Statements
This press
release contains forward-looking statements within the meaning of
the federal securities laws. Although these statements reflect the
current views, assumptions and expectations of our management, the
matters addressed herein involve certain assumptions, risks and
uncertainties that could cause actual activities, performance,
outcomes and results to differ materially from those indicated
herein. Therefore, you should not rely on any of these
forward-looking statements. All statements, other than statements
of historical fact, included in this press release constitute
forward-looking statements, including but not limited to statements
identified by the words "forecast," "may," "believe," "will,"
"should," "plan," "predict," "anticipate," "intend," "estimate,"
"expect," "continue," and similar expressions. Applicable
uncertainties, factors, and risks are described more fully in
EnLink Midstream, LLC's filings with the Securities and Exchange
Commission, including EnLink Midstream, LLC's Annual Reports on
Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on
Form 8-K. EnLink assumes no obligation to update any
forward-looking statements.
Investor Relations: Brian
Brungardt, Director of Investor Relations, 214-721-9353,
brian.brungardt@enlink.com
Media Relations: Megan
Wright, Director of Corporate Communications, 214-721-9694,
megan.wright@enlink.com
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SOURCE EnLink Midstream, LLC