APA Corporation Publishes 2022 Sustainability Report
26 July 2022 - 11:14PM
APA Corporation (Nasdaq: APA) today published its 2022
Sustainability Report, highlighting the achievement of numerous
Environment, Social and Governance (ESG) goals throughout 2021
while tracking progress made on ESG commitments for 2022. The
report is available here, along with a summary fact sheet detailing
report highlights.
“Oil and natural gas will be essential to global energy supply
for decades to come, and we have concentrated our efforts on
sustainably providing these resources in an innovative, responsible
manner,” said John J. Christmann IV, APA CEO and president.
“Protecting air quality, conserving fresh water, supporting a
thriving workforce and building sustainable communities are key
elements of our ESG goals, all of which are tied to long- and
short-term incentive compensation for all employees.”
The quality and breadth of data provided in the report stems
from the company’s work to continuously enhance disclosures and
measurements of ESG progress. This year, APA updated the Task Force
on Climate-related Financial Disclosures (TCFD) analysis using the
International Energy Agency’s World Energy Outlook, provided
detailed disclosure of 2021 air and water data at the country
level, increased board diversity in ethnicity and global leadership
experience, and reduced recordable injury counts by 76% compared to
our 10-year average.
Report highlights include:
- AIR – In October 2021, we achieved our goal to end routine
flaring across U.S. onshore operations three months ahead of
schedule. Additionally, APA piloted a real-time greenhouse gas
emissions monitoring program at our Permian Basin facilities last
year, bringing more innovative measuring processes to the field.
- WATER – The conservation of fresh water and reducing water
usage across operations is essential to APA’s work. In 2021, 97% of
the water used in the company’s U.S. hydraulic fracturing
operations was nonfresh or recycled produced water.
- PEOPLE – At APA, we aim to foster a more inclusive workforce
that reflects the diversity of the communities in which we operate.
Last year, 34% of U.S. employees self-identified as ethnic
minorities, up from 25% in 2017.
- COMMUNITIES – Building sustainable communities is one of three
pillars that comprise APA’s approach to giving. Since 2004,
approximately 15,000 girls in Egypt have learned to read and write
in schools founded and supported by APA.
- GOVERNANCE – APA’s commitment to protecting the environment
begins with the company’s leadership. Sixty percent of current
board members have experience with environmental and regulatory
issues.
About APA APA Corporation owns
consolidated subsidiaries that explore for and produce oil and gas
in the United States, Egypt and the United Kingdom and that explore
for oil and gas offshore Suriname. APA posts announcements,
operational updates, investor information and press releases on its
website, www.apacorp.com. Specific information concerning Suriname,
ESG performance and other investor-related topics are posted at
investor.apacorp.com.
Forward-looking statements
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Forward-looking
statements can be identified by words such as “anticipates,”
“intends,” “plans,” “seeks,” “believes,” “continues,” “could,”
“estimates,” “expects,” “guidance,” “may,” “might,” “outlook,”
“possibly,” “potential,” “projects,” “prospects,” “should,” “will,”
“would,” and similar references to future periods, but the absence
of these words does not mean that a statement is not
forward-looking. These statements include, but are not limited to,
statements about future plans, expectations, and objectives for
operations, including statements about our capital plans, drilling
plans, production expectations, asset sales, and monetizations.
While forward-looking statements are based on assumptions and
analyses made by us that we believe to be reasonable under the
circumstances, whether actual results and developments will meet
our expectations and predictions depend on a number of risks and
uncertainties which could cause our actual results, performance,
and financial condition to differ materially from our expectations.
See “Risk Factors” in APA’s Form 10-K for the year ended December
31, 2021, and in our quarterly reports on Form 10-Q, filed with the
Securities and Exchange Commission for a discussion of risk factors
that affect our business. Any forward-looking statement made in
this news release speaks only as of the date on which it is made.
Factors or events that could cause our actual results to differ may
emerge from time to time, and it is not possible for us to predict
all of them. APA and its subsidiaries undertake no obligation to
publicly update any forward-looking statement, whether as a result
of new information, future development or otherwise, except as may
be required by law.
Contacts
Investor: |
(281) 302-2286 |
Gary Clark |
Media: |
(713) 296-7189 |
Castlen Kennedy |
Website: |
www.apacorp.com |
|
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