Williams Shows Progress Toward 2030 Climate Commitment in Latest Sustainability Report
July 28 2022 - 9:15AM
Business Wire
Williams (NYSE: WMB) announced today the release of its 2021
Sustainability Report, showing specific steps the company has taken
toward meeting its 2030 climate commitment. In addition to
providing a comprehensive review of environmental performance
metrics, the latest sustainability report details the company’s
focus on social and governance issues as it serves growing demand
for clean, affordable and reliable energy while protecting the
environment and building strong communities. An electronic version
of the report is available at www.williams.com/sustainability.
“As one of the nation’s leading energy infrastructure providers,
we are committed to leveraging our large-scale natural gas
infrastructure for the benefit of tomorrow and generations to
come,” said Williams President and CEO Alan Armstrong. “We have
prioritized our natural gas-focused strategy because we see
firsthand the critical role it plays in providing affordable and
dependable low-carbon energy while supporting the growth of
renewables. At the same time, we recognize that more needs to be
done to mitigate the risks of climate change and stimulate
technology growth needed to build a viable clean energy
economy.”
Highlights of Williams’ 2021 Sustainability Report include the
following:
- No. 1 in peer group in Dow Jones Sustainability Index for 2021;
only U.S. energy company to rank in DJSI world index
- Top 5: Brendon Wood International Shareholder Confidence Index
for U.S. Power and Utility Companies
- Reduced company-wide Scope 1 & 2 absolute greenhouse gas
emissions by 47% since 2005 in line with 2030 climate commitment to
reduce emissions by 56% from 2005 levels, putting Williams on a
path to net zero carbon emissions by 2050
- Reduced pipeline blowdown GHG emissions by average of 84% when
using recompression technology
- Avoided 5.68 million tons of CO2 equivalent between 1993 and
2021 by partnering with the Natural Gas STAR program
- Committed more than $40 million via Corporate Venture Capital
program for innovative climate change technologies including
hydrogen production and transport, carbon capture applications and
state-of-the-art emissions quantification, monitoring, reporting
and verification platforms.
- Advanced 10 solar projects to permitting state
- Reinvigorated employee resource groups (ERGs) to drive
inclusion across the enterprise
- Pledged support for the CEO Action for Diversity and Inclusion
Coalition
- Filled 39% of open positions from within
- 30% of early career hires over the past five years from
underrepresented race and ethnicity groups
- Held more than 185 stakeholder engagement events with local
communities
- Contributed more than $12 million to more than 2,100
organizations across 48 states
- Volunteered more than 23,000 hours with charitable
organizations.
Williams’ 2021 Sustainability Report was prepared in accordance
with the Global Reporting Initiative (GRI) Standards and references
the Sustainability Accounting Standards Board (SASB) Oil & Gas
– Midstream Standard and Task Force on Climate-related Financial
Disclosures (TCFD) and the United Nations Sustainable Development
Goals (SDGs). In addition, Williams’ 2021 Sustainability Report
received independent assurance from ERM Certification and
Verification Services (ERM CVS) for select greenhouse gas
emissions, safety, pipeline integrity and diversity & inclusion
data.
About Williams As the world demands reliable, low-cost,
low-carbon energy, Williams (NYSE: WMB) will be there with the best
transport, storage and delivery solutions 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, storage, wholesale marketing and trading
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. Learn how the company is leveraging its nationwide
footprint to incorporate clean hydrogen, next generation gas and
other innovations at 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 CONTACT: Danilo Juvane 918-573-5075
Grace Scott 918-573-1092
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