Reduced both its 2017 workforce recordable incident rate and lost
time incident rate by 38 percent compared with 2016
Decreased flaring and greenhouse gas (GHG) emission intensities
from operated assets by 38 percent and 23 percent, respectively,
through 2017 versus a 2014 baseline
NEW YORK--(BUSINESS WIRE)--Jul. 10, 2018--
Hess Corporation (NYSE:HES) published its 2017 Sustainability Report
today, providing a comprehensive review of 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.
“Our company is committed to developing oil and gas resources in a
responsible and sustainable manner,” CEO John Hess said. “Sustainability
practices are an integral part of our strategy and operations because
they create value for our shareholders and make a positive difference
for the world around us.”
Hess Corporation’s 21st annual sustainability report has been prepared
in accordance with the Core level for sustainability reporting under the
Global Reporting Initiative (GRI) Standards. GRI is an independent
organization that provides the world’s most widely recognized
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:
Safeguarding people and the environment: Hess’ safety
performance in 2017 was strong, with improvements in key safety
metrics. We reduced our 2017 workforce recordable incident rate and
our lost time incident rate by 38 percent compared with 2016, with
improvements in both employee and contractor performance. In 2017, we
concluded a two-year enterprisewide assessment of process safety
management systems and a mechanical integrity review of our onshore
and offshore locations which will inform improvement programs moving
Responsibly managing our environmental footprint: Through
2017, Hess reduced flaring and GHG emission intensities
by 38 percent and 23 percent, respectively, versus a 2014 baseline.
Between 2008 and 2017, we have reduced our equity GHG emissions by
more than 6 million tonnes. Hess was recognized on the prestigious CDP
Global Climate List for the ninth consecutive year as a leader in
addressing climate change-related risks and opportunities.
Making a difference in local communities: In the
aftermath of Hurricane Harvey and its devastating impact on the
Houston community in 2017, Hess took immediate steps to support
recovery and rebuilding efforts including a $1 million donation to the
Hurricane Harvey Relief Fund.
Maintaining top-quartile ESG performance: Hess continues
to be recognized as a top-quartile performer in our industry for
environmental, social and governance (ESG) performance and disclosure.
In 2017, the company was named to Corporate Responsibility Magazine’s
100 Best Corporate Citizens list for the tenth consecutive year, Dow
Jones Sustainability Index North America for the eighth consecutive
year, and the Global 100 Most Sustainable Companies by Corporate
Knights for the third time.
Hess Corporation is a leading global independent energy company engaged
in the exploration and production of crude oil and natural gas. Hess is
committed to helping meet the world’s growing energy needs in a safe,
environmentally responsible, socially sensitive and profitable way. More
information on the company is available at www.hess.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005094/en/
Source: Hess Corporation
Jay Wilson, 212-536-8940