ST. LOUIS, March 20, 2017 /PRNewswire/ -- Peabody Energy has been named coal mining company of the year for 2017 by United Kingdom-based Corporate LiveWire, recognizing the company's excellence in safety performance, environmental stewardship and leadership in advancing technology solutions.
The honors were given by a panel of judges as part of Corporate LiveWire's annual awards program. The inaugural Energy & Mining Awards recognize the "most influential firms and individuals that stand out in their field from all corners of the world." The judges were particularly impressed by "Peabody's emphasis on responsible coal mining and coal use, and its role as a pioneer in sustainability."
"We are pleased to be globally recognized for our sustainable approach to mining, which is core to our mission and values," said Peabody Energy President and Chief Executive Officer Glenn Kellow. "We take great pride in operating safely, restoring high-value lands and being a leading voice for advanced coal technologies."
Peabody's mission and values are foundational tenets to how it operates, and the company demonstrates leadership in sustainable mining, energy access and clean coal solutions – what Peabody calls "Coal Done Right." The core components are embedded in Peabody's culture and outlined in its Investment Principles for Best-in-Class Coal Companies, which can be found within the company's Corporate and Social Responsibility Report.
Safety is Peabody's first value and a leading measure of operational excellence. It requires constant care and vigilance through an extensive safety and health management system, a track record of steady improvement and a vision of zero safety incidents.
In 2016 the company set a new record for safety, with a global incidence rate of 1.22 per 200,000 hours worked, representing a 35 percent improvement over the past five years.
Sustainability is also a core value, and the company maintains immense respect and responsibility for the land and communities where it operates. The company views land restoration as an essential part of the coal mining process and has spent over $175 million restoring some 48,000 acres of mined lands into rangeland, wildlife habitat, hardwood forests, prime farmland and wetlands during the past decade.
For nearly two decades Peabody has widely advocated the use of technology to lower emissions in power generation and other industrial uses, while investing hundreds of millions of dollars in clean coal technology projects and partnerships. Emissions progress begins with deployment of high-efficiency, low-emissions technologies that are available today. Longer-term investments in next-generation carbon capture, use and storage technologies are necessary to transition to the ultimate goal of near-zero emissions from coal-fueled power. The company's approach is documented in its Statement on Energy and Climate Change.
Corporate LiveWire provides business professionals and individuals in the corporate sector with information on the latest news and developments from around the globe. The awards represent the "pinnacle of business achievement, championing the best in their respective fields."
Peabody Energy is the world's largest private-sector coal company and a Fortune 500 company. The company serves metallurgical and thermal coal customers in 25 countries on six continents and has earned more than 100 awards for safety, corporate and environmental excellence in the past five years. For further information, visit PeabodyEnergy.com.
SOURCE Peabody Energy