Williams Releases 2019 Sustainability Report
July 27 2020 - 9:15AM
Business Wire
Williams (NYSE: WMB) announced today the release of its 2019
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
www.williams.com.
“At Williams we believe that running our business in a
sustainable manner and doing what is right for the environment and
our communities is critical to maintaining our social license to
operate, and our continued focus on sustainability delivers immense
value that is well-aligned with the interests of long-term
shareholders,” said Alan Armstrong, president and chief executive
officer at Williams. “As this report details, we have a positive
story to tell. Our natural gas focused strategy has driven
significant reductions in U.S. CO2 emissions, lowered consumers’
utility bills and paved the way for investment in renewable energy.
Our report provides a clear view into the actions we are taking to
balance the dual challenge of meeting increasing demand for energy
while reducing emissions and environmental impacts with practical,
immediate solutions.”
Highlights of Williams’ 2019 Sustainability Report include the
following:
- More than 41% reduction in reported methane emissions from
processing plants and compressor stations since 2012
- 39% decrease in reportable spills to soil and water from 2018
levels
- 47% decline in employee recordable injuries since 2017
- $9.7 million invested in 2019 in communities where Williams’
employees live and work
- 33,000 hours of employee volunteerism in 2019
- Formation of D&I Council to inform inclusion, diversity,
and talent development strategies
“Sustainability grounded in sensibility is nothing new at
Williams,” said Armstrong. “For more than a century we have strived
to strengthen our reputation as a responsible and dependable
business that delivers on its promises to employees, customers and
other key stakeholders. We welcome the increased focus on
sustainable business performance as it is congruent with our
culture of doing things right, today and in the future.”
Williams’ 2019 Sustainability Report was prepared in accordance
with the Global Reporting Initiative (GRI) Standards – Core option
and references the Sustainability Accounting Standards Board (SASB)
Oil & Gas – Midstream Standard and Task Force on
Climate-related Financial Disclosures (TCFD). In addition,
Williams’ 2019 Sustainability Report received independent assurance
from ERM Certification and Verification Services (ERM CVS) related
to greenhouse gas emissions and safety data.
About Williams
Williams (NYSE: WMB) is committed to being the leader in
providing infrastructure that safely delivers natural gas products
to reliably fuel the clean energy economy. 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 connects the best supplies with the
growing demand for clean energy. Williams owns and operates more
than 30,000 miles of pipelines system wide – including Transco, the
nation’s largest volume and fastest growing pipeline – and handles
approximately 30 percent of the natural gas in the United States
that is used every day for clean-power generation, heating and
industrial use. 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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MEDIA: media@williams.com (800) 945-8723
INVESTOR CONTACTS: Brett Krieg (918) 573-4614
Grace Scott (918) 573-1092
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