Press release
APA Corporation Releases 2021 Sustainability Report
HOUSTON, Oct. 20, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today released its 2021 Sustainability Report, which covers the company’s
About this update from Apa Corporation
[{"type":"text","content":"HOUSTON, Oct. 20, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today released its 2021 Sustainability Report, which covers the company’s environmental, social and governance (ESG) performance based on 2020 data and provides updates on 2021 progress. The report is available at www.apacorp.com/sustainability. “We have made significant progress on ESG issues, which I’m pleased to share in our latest sustainability report. The world needs the abundant, reliable energy provided by oil and natural gas, and it’s our commitment to produce this energy in a responsible way,” said John J. Christmann IV, APA’s CEO and president. “We have focused our ESG efforts on the issues most pertinent to and controllable by our company: air, water, communities and people, and we are driving performance by including ESG goals as 20% of incentive compensation for all employees.” Report highlights include: Protecting air quality – In 2021, APA set a goal to eliminate routine flaring across U.S. onshore operations by year-end and achieved the goal ahead of schedule. Since 2016, the company has decreased global greenhouse gas emissions by 27% and global methane emissions intensity by 41%.Aligning with the Taskforce on Climate-related Financial Disclosures (TCFD) – The company expanded its alignment with TCFD standards and introduced a fully aligned scenario analysis, which assists in assessing, planning and managing future challenges and opportunities.Minimizing freshwater consumption – APA seeks to reduce its use of fresh water by finding innovative ways to reuse produced water, sourcing alternatives to fresh water and reducing the overall amount of water used in operations. In 2020, the majority of the water used, greater than 94%, was recycled produced and nonfresh water.Fostering a more diverse and inclusive workforce – APA has expanded its diversity and inclusion program by deploying trainings for all employees, increasing participation in Employee Resource Groups and establishing a dashboard to monitor diversity trends within the organization.Benefiting our communities – APA organized its long-standing commitment to address the needs of local communities into three pillars: Community, Environmental Stewardship and Access to Energy. The company also committed 100% of its philanthropic dollars to supporting causes that align with the United Na...