Kinder Morgan, Inc. (KMI) has announced the publication of its first, stand-alone Environmental, Social and Governance (ESG) report. This report details progress in key areas and compares performance to prior years.
The report highlights the company’s continued success in improving its environmental, health and safety metrics. Since 2007, KMI has published updated performance metrics monthly on its website. With a culture of safety and preparedness, the company’s performance on environmental, health and safety measures consistently outperforms industry averages, and continues to improve.
The report also covers additional KMI social policies and programs. The company believes that respecting its neighbours, communities and governing bodies is instrumental in guiding how the company conducts its business. In particular, it values the diversity of culture and unique histories of Indigenous Peoples. In 2017, KMI published policies reflecting its ongoing commitment to building trust, collaboration, communication and co-operation within Indigenous communities affected by its construction and operations.
KMI believes that strong governance and management systems are important factors in the success of the business. The report details how potential climate-related risks and opportunities are addressed within the company. For more than 20 years, the company has been committed to reducing methane emissions from its natural gas pipeline assets. Over the past three years, emissions reductions have totalled more than 5 million t of carbon dioxide equivalent (CO2e) emissions. The company continues to develop and implement best practices in the area of methane emission measurement and reduction by working collaboratively with industry peers, agencies and other stakeholders.
KMI’s 2017 ESG Report is available online.
Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. The company owns an interest in or operate approximately 84 000 miles of pipelines and 152 terminals. Its pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and its terminals transload and store liquid commodities including petroleum products, ethanol and chemicals, and bulk products, including petroleum coke, metals and ores.
Read the article online at: https://www.worldpipelines.com/business-news/31102018/kinder-morgan-issues-environmental-social-and-governance-report/