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Phillips 66 publishes 2022 sustainability report

Published by , Editorial Assistant
World Pipelines,


Phillips 66 released its 2022 Sustainability Report on Thursday 23 June, giving a comprehensive account of its efforts to be one of the safest and most reliable operators in the energy industry, and deliver on its commitment to advance a lower-carbon future.

Phillips 66 publishes 2022 sustainability report

“We are experts in making and moving the energy of today, and we are motivated by the opportunities we see all around us to optimise our businesses to thrive as energy systems evolve,” wrote Phillips 66 Chairman and CEO, Greg Garland and President and COO, Mark Lashier in a joint letter introducing the report. “That’s why we are strengthening our core businesses, expanding our digital capabilities, using technology to improve operating efficiencies and transforming our organisation to increase productivity.

“We have ambitious goals, and we’re taking deliberate steps to achieve them.”

The company assessed its operations against numerous criteria for its 2022 report, including, for the first time, those set forth by the Global Reporting Initiative, an independent organisation that provides the world’s most widely used standards for sustainability reporting. The results offer a transparent look at the company today – with refineries in the US and Europe, 22 000 miles of pipeline systems under its management, a petrochemical joint venture (JV) and a global network of fuelling outlets that distribute its energy products – and how it plans to thrive tomorrow and beyond.

Some of the tangible steps taken by the company toward its 2030 and 2050 greenhouse gas emissions reduction targets, which both were announced within the last 12 months, include:

  • Introducing the company’s new Emerging Energy organisation, which is focused on renewable fuels, batteries, carbon capture and hydrogen.
  • Advancing its Rodeo Renewed project, which upon completion will be one of the world’s largest renewable fuels facilities.
  • Making history at its Humber Refinery, the first UK refinery to manufacture and supply sustainable aviation fuel at scale.
  • Investing in the US battery supply chain to enable electric-vehicle growth.
  • Establishing a JV to build a network of low-carbon hydrogen fuelling stations in Europe.

The report, published on Phillips66.com, includes the company’s position on climate change and an updated analysis, as well as disclosures based on the Task Force on Climate-related Financial Disclosures (TCFD) framework.

To view Phillips 66’s 2022 Sustainability Report, go to phillips66.com/sustainability.

Read the article online at: https://www.worldpipelines.com/business-news/24062022/phillips-66-publishes-2022-sustainability-report/

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