Phillips 66 Releases 2019 Sustainability Report
27 Juni 2019 - 10:30PM
Business Wire
Phillips 66 (NYSE:PSX) has published its 2019 Sustainability
Report titled Purpose and Progress, making it digitally available
to employees, communities and investors at
www.phillips66.com/Sustainability.
The publication builds on the company’s previously released
sustainability report and brochures, while proactively sharing
Phillips 66’s 2018 performance across its four sustainability
pillars of operating excellence, environmental stewardship, social
responsibility and financial performance.
“Through our sustainable business practices, we are helping to
meet the world’s growing energy needs,” said Greg Garland, Phillips
66 Chairman and Chief Executive Officer. “This year’s report
demonstrates the progress we have made across our sustainability
pillars along with expanded environmental, social and governance
metrics. Our efforts enable us to not only improve lives, but to
also provide long-term value for all our stakeholders.”
Purpose and Progress was prepared using Sustainability
Accounting Standards Board (SASB) materiality criteria – which
connects businesses and investors on the financial impacts of
sustainability – and addresses SASB criteria most relevant to
Phillips 66’s businesses and stakeholders. Specific report excerpts
across Phillips 66’s sustainability pillars include:
- Operating Excellence: Phillips 66’s Refining business achieved
three consecutive years of industry leading safety performance,
with Ponca City Refinery earning the American Fuel and
Petrochemical Manufacturers’ 2018 Distinguished Safety Award.
- Environmental Stewardship: A 2018 waste management and
recycling project kept more than 2,500 tons of waste out of
landfills and provided more than 866,000 gallons of waste-derived
fuel for kilns in the cement manufacturing industry.
- Social Responsibility: The Texas Diversity Conference
recognized Phillips 66 as a top 25 organization with the highest
percentage of women and minority inclusion in executive leadership
and boards of directors.
- Financial Performance: Phillips 66 delivered record earnings of
$5.6 billion in 2018 and reinvested $2.6 billion in the company
through growth and sustaining capital projects.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics
company. With a portfolio of Midstream, Chemicals, Refining, and
Marketing and Specialties businesses, the company processes,
transports, stores and markets fuels and products globally.
Phillips 66 Partners, the company’s master limited partnership, is
integral to the portfolio. Headquartered in Houston, the company
has 14,300 employees committed to safety and operating excellence.
Phillips 66 had $58 billion of assets as of March 31, 2019. For
more information, visit http://www.phillips66.com or follow us on
Twitter @Phillips66Co.
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version on businesswire.com: https://www.businesswire.com/news/home/20190627005835/en/
Jeff Dietert (investors) 832-765-2297 Jeff.dietert@p66.com
Brent Shaw (investors) 832-765-2297 Brent.D.Shaw@p66.com
Melissa Ory (media) 855-841-2368 Melissa.R.Ory@p66.com
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