CALGARY, AB, Feb. 8, 2022 /PRNewswire/ - Gibson Energy Inc. is
pleased to announce that it has been awarded the Bronze Class
distinction in the S&P Global 2022 Sustainability Yearbook.
Only four companies globally received a medal distinction within
the Oil & Gas Storage and Transportation industry. In addition,
the Company also reaffirmed its 2021 industry leading scores from
globally recognized rating agencies along with some of its key
environmental, social and governance ("ESG") achievements. These
results reflect the Company's steadfast commitment to ambitiously
progress on its ESG journey.
"We are proud to achieve another inaugural milestone in our ESG
journey by being included in the S&P Sustainability Yearbook,"
said Steve Spaulding, President and
Chief Executive Officer. "The Bronze Class distinction is a
wonderful recognition, representative of our dedication to foster
diverse and innovative thought across our organization so we can
continue to play an integral role in the Canadian energy value
chain and generate long-term value for our key stakeholders,
including our investors, customers, employees, communities and
suppliers."
S&P Global assessed over 7,500 companies across 61
industries before issuing its 2022 Sustainability Yearbook. This
annual evaluation of ESG performance awards Bronze Class to
companies with a score within 5% to 10% of its industry's ESG
top-performing companies. The assessment considers aspects such as
climate strategy, corporate governance, operational efficiency and
health and safety indicators.
2021 ESG Rankings
Gibson reaffirmed its leadership in
sustainability through top quartile rankings across key globally
recognized ESG rating agencies.
"2021 was a pivotal year for Gibson as we continue to move
forward with responsible and sustainable development and build upon
our recognized efforts and alignment to global ESG goals," said
Sean Wilson, Senior Vice President,
Chief Administrative Officer and Sustainability Lead. "We are
leading by example as the world transitions to a more sustainable
future by setting ambitious targets, including our commitment to
achieve Net Zero Scope 1 and 2 greenhouse gas emissions across our
entire business by 2050."
Current ESG Ratings:
Rating
Agency
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Score /
Ranking
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Description of Score
/ Ranking
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MSCI ESG Risk
Ratings
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AAA
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Gibson was upgraded to
the top AAA ESG Rating by
MSCI, being only 1 of 3 companies globally in the Oil &
Gas Refining, Marketing, Transportation & Storage
industry (and only company in North America in that
industry) to receive this leadership rating
Top 3% within industry
group
Measurement of
resilience to long-term, industry
material ESG risks on a relative ranking from AAA being
the best to CCC being the worst
More information is
available at www.msci.com
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CDP - Climate
Change
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A-
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Maintaining this
leadership position for the second year
in a row, Gibson was 1 of only 6 oil and gas companies
throughout North America to receive this distinction
A- Supplier Engagement
Rating in 2020
A detailed and
independent methodology is used by CDP
with more information available at www.cdp.net
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S&P Global
Corporate Sustainability Assessment
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60
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Top 8% within Oil &
Gas Storage & Transportation
industry group
Gibson was added to the
S&P/TSX Composite ESG Index
and recognized in the S&P Global 2022 Sustainability
Yearbook and awarded the Bronze Class distinction
More information about
The Sustainability Yearbook can
be found here
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Sustainalytics ESG
Rating
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20.3
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Top 4% within Refiners
& Pipelines industry group (6 out
of 197)
Gibson was added to the
Sustainalytics Jantzi Social
Index and awarded the Sustainalytics 2022 Industry Top-
Rated Badge
More information about
Gibson and its Sustainalytics
ranking are available at www.sustainalytics.com
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Bloomberg ESG
Disclosure Score
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58.3
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Measurement of
disclosure of quantitative and policy-
related ESG data on a scale from 100 being the best to 1
being the worst
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Globe and Mail Board
Games Governance Ranking
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89
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Top quartile, ranking
47th
220 companies and
trusts in the S&P/TSX Composite
Index were assessed using a rigorous set of governance
criteria and were rated on a scale of 100 being the best
to 1 being the worst
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ISS Governance Quality
Score
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1
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Denotes decile ranking
score on a scale of 1 being the
best to 10 being the worst, with a score of 1 indicating
top 10% performance within Energy industry group
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ISS Environmental
Quality Score
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2
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ISS Social Quality
Score
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3
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Note: ESG
ratings as at February 8, 2022
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2021 Key ESG Achievements
With an overarching goal to
continue to be a Sustainability and ESG leader, in 2021 Gibson:
- Established ambitious medium and long-term ESG targets,
including an ambitious Net Zero by 2050 target
- Became the first public energy company in North America to fully transition its
principal syndicated revolving credit facility into a
sustainability-linked revolving credit facility
- Despite an already industry-leading low carbon operational
footprint, Gibson made meaningful progress in further reducing its
GHG emissions, including commencing a project to transition its
Moose Jaw Facility from a feedstock-based fuel supply to natural
gas, resulting in an estimated Scope 1 reduction of approximately
5,000 tCO2e annually
- Achieved its best safety performance in the Company's
history
- Achieved a best-in-class 96% employee participation rate in our
community giving program
- Was named as one of Alberta's
Top 75 Employers by the annual Canada's Top 100 Employers project, which
recognizes employers in Alberta
that lead their industries in offering exceptional places to
work
- Demonstrated meaningful progress on its diversity targets by
achieving 45% female representation and 18% racial, ethnic minority
and Indigenous representation on the Company's Board of
Directors
- Published its inaugural Task Force on Climate Related Financial
Disclosure Report (TCFD Report)
Additional information on Gibson's approach to Sustainability
and ESG, is available at:
https://www.gibsonenergy.com/our-responsibility/sustainability.
About Gibson
Gibson Energy Inc. ("Gibson" or the
"Company") (TSX: GEI), is a Canadian-based liquids
infrastructure company with its principal businesses consisting of
the storage, optimization, processing, and gathering of liquids and
refined products. Headquartered in Calgary, Alberta, the Company's operations are
focused around its core terminal assets located at
Hardisty and Edmonton,
Alberta, and include the Moose Jaw Facility and an
infrastructure position in the U.S.
Gibson shares trade under the symbol GEI and are listed on the
Toronto Stock Exchange. For more information, visit
www.gibsonenergy.com.
Advisory Statements
Definitions
Scope 1 emissions
are direct emissions from facilities owned and operated by
Gibson.
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Scope 2 emissions
are indirect emissions from the generation of purchased energy for
Gibson's owned and operated facilities.
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Scope 3 emissions
are indirect emissions not included in Scope 1 or Scope 2 that
Gibson indirectly impacts in its value chain.
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All references in
this press release to Net Zero include Scope 1 and Scope 2
emissions only.
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All references in
this press release to Gibson's business and asset base are only
inclusive of the equity portion of facilities Gibson owns and
operates.
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Forward-Looking Statements
Certain statements
contained in this press release constitute forward-looking
information and statements (collectively, forward-looking
statements). These statements relate to future events or future
performance. All statements other than statements of historical
fact are forward-looking statements. The use of any of the words
"anticipate", "plan", "aim", "target", "contemplate", "continue",
"estimate", "expect", "intend", "propose", "might", "may", "will",
"shall", "project", "should", "could", "would", "believe",
"predict", "forecast", "pursue", "potential" and "capable" and
similar expressions are intended to identify forward-looking
statements. The forward-looking statements reflect Gibson's beliefs
and assumptions with respect to, among other things, its goal of
achieving Net Zero GHG emissions by 2050, the role of sustainable
development in future outcomes related to the economy and climate
goals and the Company's value generation for stakeholders, the
credibility and success of Gibson's intended path to achieve its
Net Zero by 2050 target, , the overall reduction and amount of GHG
intensity at Gibson's Moose Jaw Facility and further opportunities
related to GHG reductions at such facility or other facilities,
Gibson's expectations and plans related to its Net Zero by 2050
target pathway and their effectiveness, ability to provide further
disclosures related to Gibson's climate goals, Net Zero goal,
Gibson's future climate and ESG targets and metrics and future
ambitions, the global energy transition, and other assumptions
inherent in management's expectations in respect of the
forward-looking statements identified herein.
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Forward-looking
statements involve known and unknown risks, assumptions,
uncertainties, and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements. Although Gibson believes these
statements to be reasonable, no assurance can be given that the
results or events anticipated in these forward-looking statements
will prove to be correct and such forward-looking statements
included in this press release should not be unduly relied upon.
Actual results or events could differ materially from those
anticipated in these forward-looking statements as a result of,
among other things, risks inherent in applicable laws and
government policies; the sufficiency of budgeted capital
expenditures in carrying out planned activities; the availability
and cost of labour, materials, services and infrastructure; the
development and execution of projects; prices of crude oil, natural
gas, natural gas liquids and renewable energy; the development and
performance of technology and new energy efficient products,
services and programs including but not limited to the use of
zero-emission and renewable fuels, carbon capture and storage,
electrification of equipment powered by zero-emission energy
sources and utilization and availability of carbon offsets;
assumptions relating to long-term energy future scenarios; carbon
price outlook; the cooperation of joint venture partners in
reaching the Net Zero by 2050 target; the power system
transformation and grid modernization and levels of demand for our
services and the rate of return for such services.
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The
forward-looking statements contained in this press release
represent Gibson's expectations as of the date hereof and are
subject to change after such date. Gibson disclaims any intention
or obligation to update or revise any forward-looking
statements whether as a result of new information, future
events or otherwise, except as may be required by applicable
laws. Readers are cautioned that the foregoing lists
are not exhaustive. For a full discussion of our material risk
factors, see "Risk Factors" in Gibson's Annual Information
Form dated February
22, 2021 as filed on SEDAR and
available on the Gibson website at
www.gibsonenergy.com.
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For further information, please contact:
Investor Relations:
Mark
Chyc-Cies
Vice President, Strategy, Planning & Investor Relations
Phone: (403) 776-3146
Email: mark.chyc-cies@gibsonenergy.com
Sustainability:
Sean
Wilson
Senior Vice President, Chief Administrative Officer and
Sustainability Lead
Phone: (403) 206-4132
Email: sean.wilson@gibsonenergy.com
Media:
Wendy
Robinson
Director, Communications & Brand
Phone: (403) 827-6057
Email: wendy.robinson@gibsonenergy.com
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SOURCE Gibson Energy Inc.