Issued by Crestwood
Crestwood’s 2021 sustainability report details how we are integrating ESG commitments across the business, enhancing our operations and leading with purpose and authenticity.
Crestwood Equity Partners LP (NYSE: CEQP) announced today the publication of its 2021 sustainability report, furthering its commitment to lead the MLP midstream industry in sustainability. The report, entitled Real Change. In Real Time., provides enhanced transparency on Crestwood’s environmental, social and governance (ESG) performance, including details on how the company met its ESG goals, including its methane emissions intensity rate, and diversity, equity and inclusion (DEI) performance, both of which are tied to executive and employee compensation. Crestwood also highlights the achievements made on its first three-year sustainability strategy, which culminated in late 2021, while detailing the next six focus areas that are incorporated in its second three-year sustainability strategy as it continues to integrate sustainability into everyday business operations. The 2021 sustainability report is available at https://esg.crestwoodlp.com.
“We are pleased to share our ESG achievements and priorities in Crestwood’s 2021 sustainability report as we continue our authentic approach to delivering energy affordably, responsibly and sustainably. I am proud of our employees’ dedication to incorporate sustainable business practices into their everyday roles as we work to further progress our sustainability initiatives and best-in-class operating culture,” said Robert G. Phillips, Founder, Chairman and Chief Executive Officer of Crestwood’s general partner. “Crestwood remains at the forefront of ESG developments in the midstream sector. We lead the Energy Infrastructure Council’s ESG working group to improve industry standardization of ESG metrics, and this year, we are advancing our commitment to climate leadership though participation in Cheniere’s Quantification, Monitoring, Reporting and Verification (QMRV) Project. This will enable us to improve the understanding of greenhouse gas emissions, resulting in meaningful improvements in carbon management practices going forward.”
Joanne Howard, Crestwood’s Senior Vice President, ESG and Corporate Communications, commented, “As we publish our fourth annual sustainability report, I am inspired to see sustainability systematically ingrained as part of the culture throughout the company. As we progress, we know we must continue to adjust Crestwood’s strategies and actions, taking into account the changing expectations of our stakeholders in an ever-evolving energy landscape. Therefore, we conducted our second materiality assessment last year to ensure Crestwood’s ESG risks and opportunities remain relevant. As we move into 2022, our next three-year sustainability strategy and first carbon management plan lays out a comprehensive and real time plan, which is integral to Crestwood’s distinction as a best-in-class operator.”
Highlights of Crestwood’s 2021 sustainability report include:
Crestwood’s 2021 sustainability report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards - Core option and is aligned with the Sustainability Accounting Standards Board (SASB) midstream reporting framework and the Task Force on Climate-related Financial Disclosures (TCFD). New ESG presentation materials are also posted to Crestwood’s website at www.crestwoodlp.com.
About Crestwood Equity Partners LP
Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. Crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling and marketing of NGLs; gathering, storage, terminalling and marketing of crude oil; and gathering and disposal of produced water. Visit Crestwood Equity Partners LP at www.crestwoodlp.com; and to learn more about Crestwood’s sustainability efforts, please visit https://esg.crestwoodlp.com.
Sustainability and Media Contact
Joanne Howard, 832-519-2211
Senior Vice President, ESG and Corporate Communications
Rhianna Disch, 713-380-3006
Director, Investor Relations