Kinder Morgan Issues 2018 Environmental, Social and Governance Report
October 24 2019 - 4:10PM
Business Wire
Report Includes First 2°C Scenario
Resiliency Assessment
Kinder Morgan, Inc. (NYSE: KMI) announced today the publication
of its 2018 Environmental, Social and Governance (ESG) report. This
report builds and expands on the company’s first ESG report, which
was published for 2017.
“We have enhanced this report by providing metrics for
ecological impacts and employee relations as well as quantifying
the energy savings from programs that reduce our electricity usage
and greenhouse gas emissions. In addition, as we committed in our
2017 report, we have included an assessment of our business under a
2°C scenario,” said Kinder Morgan’s Vice President of Corporate
Environmental, Health and Safety, Dirk Cockrum. “This report is
reflective of Kinder Morgan’s safe, efficient and responsible
operations and we are gratified to be ranked in the top quartile by
ESG ratings firms.”
Kinder Morgan continues to believe that natural gas is a key
source of energy to reduce global greenhouse gas emissions. As
detailed in the report, the company has worked to reduce methane
emissions throughout the energy value chain, particularly in the
midstream sector. In 2016, the company set a goal of achieving an
intensity target of 0.31 percent of methane emissions per unit of
throughput by 2025 for our natural gas transmission and storage
assets. This goal was surpassed in 2017, and again in 2018, with a
methane emission intensity rate for these operations of 0.04 and
0.02 percent, respectively.
To assess the resiliency of its business strategy under a 2°C
scenario, a scenario that would hold the increase in the global
average temperature to well below 2°C above pre-industrial levels,
the company formed a multi-disciplinary working group with
employees from each of Kinder Morgan’s business segments and
several shared service departments in 2019. This assessment, which
is published in this report for the first time, is based on the
scenarios contemplated in the International Energy Agency’s 2018
World Energy Outlook.
The 2018 ESG Report is available on the Kinder Morgan website on
the Environmental, Social and Governance (ESG)/Sustainability
page.
About Kinder Morgan,
Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy
infrastructure companies in North America. Our mission is to
provide energy transportation and storage services in a safe,
efficient and environmentally responsible manner for the benefit of
people, communities and businesses. Our vision is delivering energy
to improve lives and create a better world. We own an interest in
or operate approximately 84,300 miles of pipelines and 157
terminals. Our pipelines transport natural gas, refined petroleum
products, crude oil, condensate, CO2 and other products, and our
terminals transload and store liquid commodities including
petroleum products, ethanol and chemicals, and bulk products,
including petroleum coke, metals and ores. For more information,
please visit www.kindermorgan.com.
Important Information Relating to
Forward-Looking Statements
This news release includes forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995 and Section 21E of the Securities and Exchange Act of 1934.
Generally the words “expects,” “believes,” anticipates,” “plans,”
“will,” “shall,” “estimates,” and similar expressions identify
forward-looking statements, which are not historical in nature.
Forward-looking statements in this news release include express or
implied statements concerning KMI’s business strategy and reduction
of greenhouse gas emissions. Forward-looking statements are subject
to risks and uncertainties and are based on the beliefs and
assumptions of management, based on information currently available
to them. Although KMI believes that these forward-looking
statements are based on reasonable assumptions, it can give no
assurance as to when or if any such forward-looking statements will
materialize or their ultimate impact on KMI’s operations or
financial condition. Important factors that could cause actual
results to differ materially from those expressed in or implied by
these forward-looking statements include the assumptions, risks and
uncertainties described in KMI’s Environmental, Social and
Governance report and its reports filed with the Securities and
Exchange Commission (SEC), including its Annual Report on Form 10-K
for the year-ended December 31, 2018 (under the headings “Risk
Factors” and “Information Regarding Forward-Looking Statements” and
elsewhere) and its subsequent reports, which are available through
the SEC’s EDGAR system at www.sec.gov and on KMI’s website at
ir.kindermorgan.com. Forward-looking statements speak only as of
the date they were made, and except to the extent required by law,
KMI undertakes no obligation to update any forward-looking
statement because of new information, future events or other
factors. Because of these risks and uncertainties, readers should
not place undue reliance on these forward-looking statements.
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Kinder Morgan Contacts Media Relations Katherine
Hill (713) 369-9176 newsroom@kindermorgan.com
Investor Relations (800) 348-7320 km_ir@kindermorgan.com
www.kindermorgan.com
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