Kinetik Publishes 2022 Sustainability Report
31 Juli 2023 - 10:10PM
Business Wire
Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the
“Company”) today published its 2022 Sustainability Report
(the “Report”), highlighting its sustainability advancements
during the 2022 calendar year. The Report provides a comprehensive
review of Kinetik’s progress towards advancing a safer, cleaner,
and more reliable energy future and its commitment to integrating
sustainability across its operations.
"I am proud of the achievements we made throughout 2022
advancing our environmental and other sustainability initiatives,”
said Jamie Welch, President and CEO. “We took several tangible
steps to enhance our efforts across our organization, including the
appointment of a Vice President of Sustainability, creation of a
new management-level sustainability committee, and further
incorporation of sustainability-focused risks and opportunities
into our corporate decision-making processes. We made meaningful
progress over the past year and will continue to strive for further
improvement.”
Matt Wall, COO, added, “The implementation of our sustainability
initiatives continues to enhance our operational performance and
environmental and safety programs. We achieved meaningful combined
Scope 1 and Scope 2 GHG and methane emissions reductions through
operational improvements including the electrification of
compression and sourcing of renewable energy, and we now have
greater visibility to achieving our longer-term goals with the
implementation of Aurion software for carbon accounting and
emissions forecasting. Last year, we enhanced Kinetik’s safety
program including the implementation of the Kinetik Employee
Engagement Program (“KEEP”), completion of nearly 7,000 hours of
EHS-focused employee training, and the creation of the Kinetik
Employee Safety Committee. These initiatives reinforce our
commitment to safeguarding our employees, communities, and the
environment.”
The 2022 Sustainability Report is now available and can be
accessed directly at the link below and on Kinetik’s website.
2022 Sustainability Report
Kinetik’s 2022 Sustainability Report was prepared in reference
to the Global Reporting Initiative (GRI) Standards, the
Sustainability Accounting Standards Board (SASB) and the Energy
Infrastructure Council (EIC) / GPA Midstream Association Reporting
Framework.
About Kinetik Holdings Inc.
Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast
midstream C-corporation operating in the Delaware Basin. Kinetik is
headquartered in Houston and Midland, Texas. Kinetik provides
comprehensive gathering, transportation, compression, processing
and treating services for companies that produce natural gas,
natural gas liquids, crude oil and water. Kinetik posts
announcements, operational updates, investor information and press
releases on its website, www.kinetik.com.
Forward-Looking Statements
This news release may include certain statements that may
constitute “forward-looking statements” for purposes of the federal
securities laws. Such forward-looking statements are subject to a
variety of known and unknown risks, uncertainties and other factors
that are difficult to predict and many of which are beyond
management’s control. These risks and assumptions are described in
Kinetik’s reports filed with the Securities and Exchange
Commission, including its Annual Report on Form 10-K and other
reports. Readers are cautioned not to place undue reliance on
forward-looking statements, which reflect management’s view only as
of the date made, and Kinetik assumes no obligation to update these
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230731486185/en/
Kinetik Investors: Maddie Wagner (713) 487-4832 Alex Durkee
(713) 574-4743 Website: www.kinetik.com
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