Apache Corporation Releases 2019 Sustainability Report
December 16 2019 - 7:55AM
Apache Corporation (NYSE/Nasdaq: APA) has released its 2019
Sustainability Report, which highlights the company’s performance
in governance, environmental stewardship, health and safety,
workforce development and community engagement. The report is
available at www.apachecorp.com/Sustainability.
“At Apache, we deliver the energy needed to sustainably advance
human progress while creating value for our stakeholders,” said
John J. Christmann IV, Apache's chief executive officer and
president. “The energy we produce and the responsible way in which
we operate enables higher standards of living and a cleaner energy
future for people around the world. We believe our company’s
success depends on delivering positive social, environmental and
financial returns.”
Among the highlights, the 2019 report:
- Provides increased transparency on Apache's most
material sustainability issues – Apache believes that
transparency is critical to its relationships with stakeholders and
strives to continuously improve the breadth and quality of publicly
disclosed data. In this report, Apache increased its reporting of
many topics, including board level management of environmental,
social and governance issues; climate change-related risks; road
safety programs and contractor safety and management.
- Highlights Apache’s vision to deliver responsibly
produced energy to power global progress – A featured
section outlines Apache’s updated vision statement that captures
the benefits the company provides to the world. Apache believes
that responsibly producing affordable natural gas and oil
contributes to global progress by helping to meet the world’s
energy needs.
- Provides an update on Apache’s approach to climate
change-related risks – Apache identifies and manages
potential risks and opportunities related to climate change as part
of its ongoing risk management and business planning processes,
which are overseen by senior management and the Board of Directors.
Apache has expanded its reporting of how the company identifies and
addresses climate change-related risks and has aligned those
disclosures to the Task Force on Climate-related Financial
Disclosures’ recommendations on climate change-related governance,
strategy, risk management, and metrics and targets.
- Addresses stakeholders' most frequently asked
questions – The report provides concise answers to
stakeholders' most frequently asked questions and points readers to
more detailed content throughout the report.
The report also highlights Apache's performance in key
sustainability areas, including:
- Improving health and safety – Since 2014,
Apache has reduced safety incidents for employees and contractors
by lowering its Total Recordable Incident Rate (TRIR) by 27% and
Days Away, Restricted or Transferred (DART) rate by 34%.
- Reducing methane emissions – Apache has a
rigorous program for preventing, identifying and eliminating leaks
of methane. From 2014 to 2018, the company’s global methane
emissions intensity was reduced by 40%.
- Using alternatives to fresh water – In 2018,
only 5% of Apache's water consumption was fresh water. Apache uses
recycled produced water and nonpotable, brackish groundwater to
reduce its use of fresh water.
- Benefiting our communities – Apache aims to
invest in communities by hiring and spending locally. In 2018, 97%
of Apache employees were local nationals, and approximately 31% of
the company's spending was with local vendors.
The 2019 report was prepared using the Global Reporting
Initiative’s (GRI) Sustainability Reporting Standards and meets the
requirements for a core-level report. 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 were IPIECA’s Oil and
Gas Industry Guidance on Voluntary Sustainability Reporting, the
Task Force on Climate-related Financial Disclosures and Disclosing
the Facts 2019.
About ApacheApache Corporation is an oil and
gas exploration and production company with operations in the
United States, Egypt and the United Kingdom. Apache posts
announcements, operational updates, investor information and press
releases on its website, www.apachecorp.com.
ContactsInvestor: (281) 302-2286 Gary
ClarkMedia: (713) 296-7276 Phil
West
Website: www.apachecorp.com
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