CALGARY, Nov. 1, 2019 /PRNewswire/ - Pembina Pipeline
Corporation ("Pembina" or "the Company") (TSX: PPL;
NYSE: PBA) today released updated performance metrics for key
sustainability issues.
At Pembina, we are in business for all our stakeholders – our
customers, our investors, our employees and our communities. Our
commitment to delivering benefits to each of these groups is what
we call the 'Purpose of Pembina' and is the foundation of
everything we do.
Aligning with the Purpose of Pembina is our commitment to share
our work in the areas associated with environmental, social and
governance ("ESG") performance. The Company's inaugural 2018
Sustainability Report, which included reporting ESG performance for
the years 2015-2017, established a strong foundation and was as an
important first step in our sustainability reporting journey.
Pembina publishes a full-length sustainability report on a biennial
basis and in interim years provides an update of our ESG
performance metrics on our website.
2018 Performance Highlights
- The Company continued to operate safely and reliably with zero
reported significant failures;
- Having identified Motor Vehicle Incident Frequency as a focus
area for 2018, Pembina achieved a notable decrease in this metric
after implementing a variety of driving improvement initiatives;
and
- Pembina invested over $11 million
within communities where we operate and our employees volunteered
more than 5,500 hours.
For additional information on Pembina's 2018 ESG performance,
please refer to the sustainability performance tables available on
Pembina's website at www.pembina.com/our-responsibility/.
Pembina is also pleased to share our progress in developing two
new ESG 'Stands', the term we use to describe our aspirations and
goals for future performance. At Pembina, our commitment to
new initiatives often begins with developing these clarifying
statements describing our desired future performance and outcomes
then sharing that publicly. With a clear vision of where we
want to be in the future, we begin the challenging work of
developing strategies and tactics to get us there.
Recognizing a growing focus on ESG issues and to ensure we are
increasingly aligned with all our stakeholders as it relates to
these issues, Pembina has developed a Carbon Stand and a Diversity
& Inclusion Stand.
Pembina's Carbon Stand
We are committed to reducing the greenhouse gas (GHG)
emission intensity in each of our businesses.
Our Carbon Stand will result in the following intended outcomes.
Pembina will have:
- Employees who are proud of working for Pembina because of our
commitment to the environment;
- Communities that recognize our commitment to GHG reductions,
resulting in our investment being welcomed;
- Demonstrated our commitment to GHG reduction, aligning with
leading customers' strategies and actions;
- Maintained and expanded our investor base, by demonstrating our
commitment to GHG reduction.
Pembina's Diversity & Inclusion Stand
We are committed to diversity, equal opportunity and ensuring
that our employees have the ability to thrive in an inclusive
environment.
Our Diversity & Inclusion Stand will result in the following
intended outcomes. Pembina will have:
- Attracted, retained and developed a diverse workforce that is
creative and innovative;
- A work environment where employees feel valued and
respected;
- Cultivated a workforce that is representative of the
communities where we live and work;
- Developed a culturally aware workforce that succeeds in global
markets;
- Aligned our values with our customers by recognizing the
importance of a diverse and inclusive work environment;
- Demonstrated that we are investing in a diverse and inclusive
workforce to strengthen our business and improve profitability;
and
- Attracted and retained investors who are committed to
environmental, social and governance initiatives.
Pembina looks forward to providing further information regarding
our programs and performance metrics related to the Carbon Stand
and the Diversity & Inclusion Stand in our future
sustainability reporting.
About Pembina
Calgary-based Pembina Pipeline
Corporation is a leading transportation and midstream service
provider that has been serving North
America's energy industry for 65 years. Pembina owns an
integrated system of pipelines that transport various hydrocarbon
liquids and natural gas products produced primarily in western
Canada. The Company also owns gas
gathering and processing facilities; an oil and natural gas liquids
infrastructure and logistics business; is growing an export
terminals business; and is currently constructing a petrochemical
facility to convert propane into polypropylene. Pembina's
integrated assets and commercial operations along the majority of
the hydrocarbon value chain allow it to offer a full spectrum of
midstream and marketing services to the energy sector. Pembina is
committed to identifying additional opportunities to connect
hydrocarbon production to new demand locations through the
development of infrastructure that would extend Pembina's service
offering even further along the hydrocarbon value chain. These new
developments will contribute to ensuring that hydrocarbons produced
in the Western Canadian Sedimentary Basin and the other basins
where Pembina operates can reach the highest value markets
throughout the world.
Purpose of Pembina:
To be the leader in delivering integrated infrastructure
solutions connecting global markets:
- Customers choose us first for reliable and value-added
services;
- Investors receive sustainable industry-leading total
returns;
- Employees say we are the 'employer of choice' and value
our safe, respectful, collaborative and fair work culture; and
- Communities welcome us and recognize the net positive
impact of our social and environmental commitment.
Pembina is structured into three Divisions: Pipelines Division,
Facilities Division and Marketing & New Ventures Division.
Pembina's common shares trade on the Toronto and New
York stock exchanges under PPL and PBA, respectively. For
more information, visit www.pembina.com.
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SOURCE Pembina Pipeline Corporation