Marathon Petroleum Corporation (NYSE: MPC) and its midstream affiliate MPLX LP (NYSE: MPLX) have published two joint reports that provide details on the companies’ efforts to advance their sustainability as the energy industry continues to evolve.

The companies’ Sustainability Report and Perspectives on Climate-Related Scenarios report highlight MPC’s and MPLX’s recent accomplishments and progress in strengthening their resilience, innovating for the future, embedding sustainability in their decision-making, and addressing the risks and opportunities inherent in the energy industry’s evolution.

The Sustainability Report provides insight into the companies’ progress on greenhouse gas emissions reductions; lowering the carbon intensity of their fuels; reinforcing a strong safety culture; cultivating an engaged and energized workforce; 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 eighth annual report aligned with the Task Force on Climate-Related Financial Disclosures framework – details the companies’ analysis of strategic risks and opportunities within the energy landscape.

“At MPC and MPLX, we have long recognized that sustainability is critical to long-term success in our ever-changing industry,” said President and Chief Executive Officer Maryann Mannen. “This encompasses our responsibilities to minimize our environmental footprint, invest in the communities where we operate, and foster an inclusive culture in our workplaces. And, as we seek to maintain and advance our sustainability efforts, nothing is more important than the safety of our people and our neighbors. By embedding safety into our daily work, we invest in the longevity and sustainability of our industry.”

While the two reports have different focuses, both reports also emphasize common themes. For example, the reports highlight the companies’ time-bound, realistic GHG emissions reduction goals, including a 30% reduction of Scope 1 and 2 GHG emissions intensity by 2030 from 2014 levels. Because MPC is on track to reach the goal prior to 2030, the company is extending this target to a 38% reduction from 2014 levels by 2035. Similarly, MPLX has made significant progress on its methane emissions intensity goal of a 75% reduction of its Gathering and Processing segment methane emissions intensity by 2030 from 2016 levels. By the end of 2023, MPLX had achieved a 57% reduction.

“Our people have enabled us to accomplish so much, and we have ambitious goals that inspire our continued progress,” said Mannen. “I’m optimistic about what the future holds for Marathon Petroleum and MPLX, and our sustainability-driven approach supports our relentless commitment to be a better company.”

Sustainability Report

2024 Climate Related Perspectives

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.

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