Hess Corporation’s 2015 Sustainability Report Shows Commitment to Safety and Responsible Business Practices
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Improved safety performance with a 10 percent reduction in
workforce total recordable incident rate
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Invested nearly $22 million in social programs, with the majority
in education
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Reduced equity greenhouse gas emissions by more than 5 million
tonnes ( 2008-2015)
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Set new 2020 targets to reduce flaring intensity by 50 percent and
greenhouse gas intensity by 25 percent from 2014 baseline
Hess Corporation (NYSE:HES) today released its 2015 Corporate
Sustainability Report, providing a comprehensive look at the company’s
strategy and performance on safety, environmental, social and governance
programs and initiatives. An electronic version is available at http://www.hess.com/sustainability/sustainability-reports.
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COVER: Onshore operations are shown in the cover photo of the 2015 Hess Corporate Sustainability Report. http://www.hess.com/docs/default-source/sustainability/hess-2015-csr.pdf?sfvrsn=2
“Our mission is to be a trusted energy partner. Sustainability practices
are a fundamental part of our business strategy and operations,” said
Hess CEO John Hess. “We are proud of the progress made in our company’s
long-term sustainable performance and honored to have been recognized
once again in 2015 for the quality of our environment, social and
governance performance and disclosure.”
Hess Corporation’s 19th annual sustainability report has achieved the G4
Core level for sustainability reporting from the Global Reporting
Initiative (GRI), an independent organization that provides the world’s
most widely used sustainability reporting and disclosure standards. The
report has been third-party assured by ERM Certification and
Verification Services.
Highlights from this year’s report include:
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Driving strong safety performance: With an ultimate goal
of zero incidents, the company achieved a 10 percent improvement in
its combined employee and contractor Total Recordable Incident Rate
and a 33 percent improvement in its Lost Time Incident Rate in 2015
compared with the previous year’s performance. Through a campaign
focused on reducing dropped objects at our work locations, we achieved
a 43 percent decrease in safety incidents with high potential severity.
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Decreasing environmental impact: Between 2008 and 2015,
the company reduced equity greenhouse gas emissions from its oil and
gas operations by more than 5 million tonnes. Hess has set new 2020
targets to reduce flaring intensity by 50 percent and greenhouse gas
intensity by 25 percent from its current portfolio of assets compared
to a 2014 baseline. In 2015, Hess was recognized by CDP, an
environmental not-for-profit organization, as a leader among S&P 500
companies for climate change disclosures, and was ranked No. 1 among
U.S. energy producers in the Newsweek Green Rankings of the 500
largest publicly traded companies in U.S.
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Making a difference in local communities and managing social
risk: Hess’ social investment program in 2015 totaled nearly
$22 million, with more than $18 million directed towards education
projects. To operate effectively in host communities, the company
continued the rollout of risk-based stakeholder engagement and
grievance mechanism processes that focus on proactive relationship
building and meaningful engagement. Hess was recognized as the highest
ranking energy company on Corporate Responsibility magazine’s
prestigious list of 100 Best Corporate Citizens for the seventh
consecutive year.
Hess Corporation is a leading global independent energy company engaged
in the exploration and production of crude oil and natural gas. More
information on Hess Corporation is available at http://www.hess.com.
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Copyright Business Wire 2016
Source: Business Wire
(July 14, 2016 - 7:30 AM EDT)
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