Phillips 66 Publishes its 2021 Sustainability Report
16 July 2021 - 6:30AM
Business Wire
The report details the company’s actions in
2020 to advance a lower-carbon future
Phillips 66 released its 2021 Sustainability Report on Thursday,
giving a broad account of how the company advanced a lower-carbon
future in 2020 while weathering the pandemic. The report includes
an analysis of the company’s climate-related risks and
opportunities as well as performance data on various environmental,
social and governance matters, underlining Phillips 66’s continued
commitment to transparency.
In his introductory letter to the report, Phillips 66 Chairman
and CEO Greg Garland lauded the company’s resilience amid the
challenges of 2020. Phillips 66 had its best year yet in safety in
2020 and completed a number of major projects, including the
845-mile-long Gray Oak Pipeline. He also noted that the company’s
efforts didn’t revolve solely around getting through the
crisis.
“We also distinguished ourselves in how we kept Phillips 66
moving forward into 2021 and preparing for the future,” he said.
“We announced the Rodeo Renewed project in California, which will
convert our San Francisco Refinery into one of the world’s largest
renewable fuels facilities, and introduced our new Emerging Energy
organization. … We are committed to being part of the solution to
help the world address climate change.”
The report — published on Phillips66.com and accompanied online
by related web-exclusive articles and videos — includes:
- the company’s position on climate change, guiding principles,
and its intention to announce its targets for greenhouse gas
emissions by the end of 2021;
- updated analysis and disclosures based on the Task Force on
Climate-related Financial Disclosures (TCFD) framework; and
- expanded metrics on safety, greenhouse gas emissions, community
engagement and its workforce, among other areas.
To view Phillips 66’s 2021 Sustainability Report, go to
phillips66.com/sustainability.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics
company. With a portfolio of Midstream, Chemicals, Refining, and
Marketing and Specialties businesses, the company processes,
transports, stores and markets fuels and products globally.
Phillips 66 Partners, the company’s master limited partnership, is
integral to the portfolio. Headquartered in Houston, the company
has 14,200 employees committed to safety and operating excellence.
Phillips 66 had $55 billion of assets as of March 31, 2021. For
more information, visit www.phillips66.com or follow us on Twitter
@Phillips66Co.
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version on businesswire.com: https://www.businesswire.com/news/home/20210715006020/en/
Jeff Dietert (investors) 832-765-2297 Jeff.Dietert@p66.com
Shannon Holy (investors) 832-765-2297 Shannon.M.Holy@p66.com
Bernardo Fallas (media) 855-841-2368 Bernardo.E.Fallas@p66.com
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