Phillips 66 Publishes 2022 Sustainability Report
June 23 2022 - 11:00AM
Business Wire
Report chronicles the company’s efforts to
deliver on its commitment to be one of best operators and advance a
lower-carbon future
Phillips 66 (NYSE: PSX) released its 2022 Sustainability Report
on Thursday, giving a comprehensive account of its efforts to be
one of the safest and most reliable operators in the energy
industry and deliver on its commitment to advance a lower-carbon
future.
“We are experts in making and moving the energy of today, and we
are motivated by the opportunities we see all around us to optimize
our businesses to thrive as energy systems evolve,” wrote Phillips
66 Chairman and CEO Greg Garland and President and COO Mark Lashier
in a joint letter introducing the report. “That’s why we are
strengthening our core businesses, expanding our digital
capabilities, using technology to improve operating efficiencies
and transforming our organization to increase productivity.
“We have ambitious goals, and we’re taking deliberate steps to
achieve them.”
The company assessed its operations against numerous criteria
for its 2022 report, including, for the first time, those set forth
by the Global Reporting Initiative, an independent organization
that provides the world’s most widely used standards for
sustainability reporting. The results offer a transparent look at
the company today — with refineries in the U.S. and Europe, 22,000
miles of pipeline systems under its management, a petrochemical
joint venture and a global network of fueling outlets that
distribute its energy products — and how it plans to thrive
tomorrow and beyond.
Some of the tangible steps taken by the company toward its 2030
and 2050 greenhouse gas emissions reduction targets, which both
were announced within the last 12 months, include:
- Introducing the company’s new Emerging Energy organization,
which is focused on renewable fuels, batteries, carbon capture and
hydrogen
- Advancing its Rodeo Renewed project, which upon completion will
be one of the world’s largest renewable fuels facilities
- Making history at its Humber Refinery, the first U.K. refinery
to manufacture and supply sustainable aviation fuel at scale
- Investing in the U.S. battery supply chain to enable
electric-vehicle growth
- Establishing a joint venture to build a network of low-carbon
hydrogen fueling stations in Europe
The report, published on Phillips66.com, includes the company’s
position on climate change and an updated analysis, as well as
disclosures based on the Task Force on Climate-related Financial
Disclosures (TCFD) framework.
To view Phillips 66’s 2022 Sustainability Report, go to
phillips66.com/sustainability.
About Phillips 66
Phillips 66 (NYSE: PSX) manufactures, transports and markets
products that drive the global economy. The diversified energy
company’s portfolio includes Midstream, Chemicals, Refining, and
Marketing and Specialties businesses. Headquartered in Houston,
Phillips 66 has employees around the globe who are committed to
safely and reliably providing energy and improving lives while
pursuing a lower-carbon future. For more information, visit
phillips66.com or follow @Phillips66Co on LinkedIn or Twitter.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220622005945/en/
Jeff Dietert (investors) 832-765-2297 jeff.dietert@p66.com
Shannon Holy (investors) 832-765-2297 shannon.m.holy@p66.com
Thaddeus Herrick (media) 855-841-2368
thaddeus.f.herrick@p66.com
Phillips 66 (NYSE:PSX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Phillips 66 (NYSE:PSX)
Historical Stock Chart
From Apr 2023 to Apr 2024