The online report features extensive disclosure of Apache's performance in governance, economics, environmental stewardship, health and safety in the workplace, and community outreach.
"Apache's mission is to operate in a way that protects and enhances the safety and health of our employees, our communities and the environment," Apache Chief Executive Officer and President John J. Christmann IV said. "Even in challenging economic times, we maintain our commitment to make positive contributions to the communities where we operate – including hiring locally and using local vendors where possible."
Among the highlights, the report:
- Describes in the Governance section a new, cutting-edge board evaluation process.
- Expounds in the Environment section on Apache's efforts to reduce methane emissions intensity and establishes a company-specific goal to reduce Apache's intensity to 0.36 percent by 2025.
- Recaps in the Workplace section a commitment to contractor engagement and training and details contractor town halls held across various operating regions to review key health and safety information, policies and procedures.
- Notes in the Society section Apache's process for engaging stakeholders and community officials and details the company's philanthropic and volunteering efforts in local communities.
The 2016 report was prepared using the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines and contains standard disclosures from those guidelines. GRI is a nonprofit organization that promotes economic, environmental and social sustainability. Its comprehensive sustainability reporting model is widely used around the world. Also consulted was the Oil and Gas Industry Guidance on Voluntary Sustainability Reporting developed by the International Petroleum Industry Environmental Conservation Association (IPIECA), the American Petroleum Institute (API) and the International Association of Oil & Gas Producers (IOGP).
Another reference was Disclosing the Facts 2016: Transparency and Risk in Hydraulic Fracturing published by As You Sow, Boston Common Asset Management and the Investor Environmental Health Network (IEHN). Disclosing the Facts is an annual investor scorecard ranking the 30 largest oil and gas companies engaged in hydraulic fracturing.
For the 2016 report, Apache has transitioned from a summary sustainability report to a comprehensive, searchable report. The company will no longer duplicate the report content on its website.
Apache Corporation is an oil and gas exploration and production company with operations in the United States, Canada, Egypt and the United Kingdom. Apache posts announcements, operational updates, investor information and press releases on its website, www.apachecorp.com, and on its Media and Investor Center mobile application, which is available for free download from the Apple App Store and the Google Play Store.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/apache-releases-2016-sustainability-report-300349982.html
SOURCE Apache Corporation