Marathon Petroleum Corporation (NYSE: MPC) and its midstream affiliate MPLX LP (NYSE: MPLX) have published two joint reports that provide details on their efforts to lead in sustainable energy.

The companies’ Sustainability Report and Perspectives on Climate-Related Scenarios report highlight MPC’s and MPLX’s recent accomplishments and progress toward achieving goals in the environmental, social and governance (ESG) aspects of their business. The Sustainability Report provides insight into their progress on greenhouse gas emissions reductions; low-carbon fuels manufacturing; diversity, equity and inclusion; engaging with communities; board oversight and risk management; and strong compliance and ethics programs, among other topics. The Perspectives on Climate-Related Scenarios publication – MPC’s and MPLX’s seventh annual report aligned with the Task Force on Climate-Related Financial Disclosures framework – details the companies’ analysis of strategic risks and opportunities as the energy industry evolves.

“At MPC and MPLX, we challenge ourselves to lead in sustainable energy across the many components of our business,” said Michael J. Hennigan, president and chief executive officer of both MPC and MPLX. “This challenge drives our analysis of the risks and opportunities we face as the energy industry evolves, which in turn shapes our goals, our everyday work, and how we invest for the future.”

While each report provides distinct sets of data and analyses, they also emphasize common themes. For example, the reports highlight the companies’ time-bound, realistic GHG emissions reduction goals. MPC is on track to achieve its Scope 1 and 2 emissions intensity reduction goal of 30% below 2014 levels by 2030 – as of year-end 2022 it had achieved a 25% reduction. Similarly, MPLX has made significant progress on its methane emissions intensity goal of a 50% reduction from 2016 levels by 2025, and is well on its way to achieving its updated goal of 75% by 2030.

A significant theme of the Climate-Related Scenarios report is MPC’s efforts to optimize its legacy refining portfolio, contribute to a lower-carbon future through its natural gas business, and invest capital in growth opportunities in renewable energy and low-carbon solutions.

“We put tremendous effort into planning these strategic investments, and in balancing them with our annual and longer-term performance goals, as well as our commitment to capital discipline and serving the world’s present-day energy needs,” said Hennigan. “I invite you to learn more about how we are positioning ourselves to lead in sustainable energy.”

Click here to download the 2022 Sustainability Report

Click here to download the 2023 Perspectives on Climate-Related Scenarios report

Marathon Petroleum Corp.

Marathon Petroleum Corp.

Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream and midstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.

Sustainability Driven

Our commitment to sustainability means working to create shared value with our stakeholders as we produce affordable, reliable energy. We do this by advancing environmental stewardship, empowering our people, engaging with stakeholders and communities, and executing with integrity. Our sustainability-driven approach supports our relentless commitment to continuously improve as we contribute to an evolving energy industry.

Our Approach

 Advance Environmental Stewardship – we are committed to reducing our carbon footprint and implementing practices that conserve natural resources and reduce environmental impacts.

Empower Our People – we prioritize safety and are dedicated to cultivating a safe, collaborative and inclusive work environment that supports the growth and success of our people.

Engage Stakeholders and Communities – we are committed to building relationships in our communities, consistently pursuing opportunities to create shared value with our stakeholders.

Execute with Integrity – we are committed to integrating sustainability in our decision-making and upholding accountable and transparent governance.

More from Marathon Petroleum Corp.