Williams Releases 2018 Sustainability Report
June 26 2019 - 9:15AM
Business Wire
Williams (NYSE: WMB) has released its 2018 Sustainability
Report, providing a comprehensive review of the company’s
performance on environmental, social and governance programs and
initiatives. An electronic version is available at
https://co.williams.com/sustainability/.
“Running our business in a way that is sustainable is an
expected behavior at Williams. This report provides transparency
into how we do that, every day,” said Alan Armstrong, president and
chief executive officer at Williams. “We also recognize the
important role natural gas can play in helping to address
environmental concerns about air quality and climate change,
particularly when it comes to displacing other higher-emission
fuels, both domestically and globally, and are pleased to report on
our progress in this area.”
In developing this report, Williams conducted a thorough
materiality assessment to better understand the sustainability
topics that are most critical to the company and its stakeholders.
The report references the Global Reporting Initiative (GRI)
standards, the most widely adopted global standards for
sustainability reporting.
Highlights of Williams’ 2018 Sustainability Report include:
- Williams’ position on sustainability. The company’s
energy infrastructure played an important role in helping the U.S.
reduce emissions. Williams is eager to continue to help the nation
meet its climate goals with low carbon natural gas solutions that
are ready now. Williams’ strategy to connect the best supplies to
the best markets means natural gas is traveling shorter distances,
improving cost-effectiveness and significantly reducing
emissions.
- Environment. As the company develops and operates
large-scale energy infrastructure, we incorporate environmental
considerations into our decision-making. We take care to reduce
emissions, safeguard biodiversity and manage natural resources
responsibly.
- We reduced our reported methane emissions from gas processing
plants and transmission compressor stations more than 53% since
2012.
- We submitted a proposal to the Federal Energy Regulatory
Commission to execute a voluntary Transco Emissions Reduction
Program projected to reduce nitrogen oxide emissions by an
estimated 72%.
- We joined the ONE Future coalition, a group of natural gas
companies working to voluntarily reduce methane emissions
associated with the production, processing, transmission and
distribution of natural gas.
- Social. We operate in a manner that protects our
employees and contractors while safeguarding the public. We also
recognize our responsibility to positively impact local communities
through trusted relationships, meaningful investments and economic
opportunities.
- We performed better than the industry benchmark for Total
Recordable Injury Rate and had a 50% reduction in process safety
incidents from 2017 to 2018.
- We decreased recordable injuries by 25% compared to 2017.
- We contributed $9.4 million to nearly 2,000 charitable
organizations across the country and our employees volunteered a
total of 17,545 hours with charitable organizations.
- We spent $3.5 million on training for our employees.
- 27% of management roles were held by women and ethnically
diverse employees.
- We maintain positive, lasting relationships with nearly 85,000
landowners across the U.S.
- Governance. We act ethically and with integrity. We
actively engage with shareholders and other stakeholders to
communicate our viewpoints and performance on topics that impact
our business results.
- We developed a formal Human Rights Policy and Statement that
outlines our commitment to respect human rights and avoid
complicity in human rights abuses.
- Currently, 25% of our board of directors are female.
About Williams
Williams (NYSE: WMB) is a premier provider of large-scale
infrastructure connecting U.S. natural gas and natural gas products
to growing demand for cleaner fuel and feedstocks. Headquartered in
Tulsa, Oklahoma, Williams is an industry-leading, investment grade
C-Corp with operations across the natural gas value chain including
gathering, processing, interstate transportation and storage of
natural gas and natural gas liquids. With major positions in top
U.S. supply basins, Williams owns and operates more than 30,000
miles of pipelines system wide – including Transco, the nation’s
largest volume and fastest growing pipeline – providing natural gas
for clean-power generation, heating and industrial use. Williams’
operations handle approximately 30% of U.S. natural gas.
www.williams.com
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the company
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Any such statements are made in reliance on the “safe
harbor” protections provided under the Private Securities Reform
Act of 1995. Additional information about issues that could lead to
material changes in performance is contained in the company’s
annual and quarterly reports filed with the Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20190626005140/en/
MEDIA CONTACT: Keith Isbell (918) 573-7308
CORPORATE SUSTAINABILITY CONTACT: Bill Lawson (918)
573-3610
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