• Williams released its latest Sustainability Report, detailing environmental performance and management for 2023.
• The report emphasizes the company's commitment to sustainability in its natural gas-focused strategy.
• Williams aims to reduce intensity-based carbon emissions by 30% from 2018 levels by 2028, aligning with shareholder priorities.
• The company achieved a reduction in methane emissions, surpassing its Annual Incentive Program target of 5%.
• Williams became the first large-scale U.S. midstream company to join the OGMP 2.0 initiative, setting a methane intensity target by 2028.
• The company is commercializing NextGen Gas for methane intensity certification from production to delivery.
• Williams supports two regional hydrogen hubs selected by the U.S. Department of Energy for investment.
• The company received grants under the DOE’s Carbon Storage Assurance Facility and is collaborating with the University of Wyoming on carbon storage evaluation.
• Employees volunteered at 92 nonprofit organizations across 19 states during Williams Volunteer Week, contributing over $13.1 million to 2,142 organizations.
• The company conducted 589 engagements with local community stakeholders and supported 10 Employee Resource Groups.
• Williams was named to the 2024 Dow Jones Sustainability Index North America and World indices for consecutive years.
• The company received top scores in the S&P Global Corporate Sustainability Assessment and an upgraded ‘A-’ on the CDP Climate Change Questionnaire.
• Williams maintained an ‘A’ MSCI rating and was recognized as one of America’s Most Responsible Companies 2024 by Newsweek.
• The 2023 Sustainability Report covers January 1 to December 31, 2023, and adheres to Global Reporting Initiative Standards.
• The report received independent third-party assurance for select greenhouse gas emissions and safety data.
Williams Reports Progress on Environmental Performance Metrics:
July 31, 2024 09:15 AM Eastern Daylight Time
TULSA, Okla.--(
BUSINESS WIRE)--Williams (NYSE: WMB) today released its latest Sustainability Report, which provides a comprehensive review of environmental performance and management and details the company’s efforts on social and governance topics for the 2023 reporting year. An electronic version of the report is available at
www.williams.com/sustainability.
“Sustainability is central to our natural gas-focused strategy at Williams, and this report illustrates our core values in action as a best-in-class operator in the many communities we touch across the country,” said Williams President and CEO Alan Armstrong. “As demand for natural gas accelerates, Williams is applying innovative technology and operational improvements to further decarbonize our industry while reliably serving growing energy needs and delivering long-term returns for shareholders.”
Highlights of the report include the following:
Climate
- Progress on Williams’ updated greenhouse gas emissions reduction goal to decrease intensity-based carbon emissions by 30% from 2018 by 2028, which aligns with shareholder priorities and is informed by the Science Based Targets initiative (SBTi)
- Reduced methane emissions to outperform our Annual Incentive Program target of a 5% reduction from a 3-year (2020-2022) average
- Became the first large-scale midstream company in the U.S. to join OGMP 2.0, an international methane emissions reporting initiative, and approved a Scope 1 methane intensity target of achieving a 0.0375% methane intensity of operated assets by 2028 – a goal that is lower than the threshold established in the EPA's methane intensity rulemaking
Innovation
- Continued executing strategy to commercialize NextGen Gas, providing full supply chain measurement and certification of methane intensity from production through delivery
- Supporting two regional hydrogen hubs – one in the Pacific Northwest and the other in Appalachia – which the U.S. Department of Energy (DOE) selected for investment and development
- Awarded two grants under the DOE’s Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Program and partnered with the University of Wyoming to evaluate permanent carbon storage
Community and employee engagement
- Volunteered at 92 nonprofit organizations in 19 states during Williams Volunteer Week
- Contributed more than $13.1 million to 2,142 organizations, including 348 first responder agencies, across 47 states and Washington, D.C.
- Conducted 589 total unique engagements with local community stakeholders
- Supported 10 Employee Resource Groups with total membership exceeding 1,350 employees
Sustainability Ratings and Rankings
- 2024 Dow Jones Sustainability Index (DJSI): named for the fourth consecutive year to the DJSI North America index and for the third consecutive year to the DJSI World index
- S&P Global Corporate Sustainability Assessment: received the top score in the 2023 Corporate Sustainability Assessment (CSA) in the North America Oil & Gas Storage & Transportation industry and the second highest score in the Oil & Gas Storage & Transportation industry globally for DJSI-eligible companies
- 2023 CDP Climate Change Questionnaire: received an upgraded ‘A-’ score on the 2023 CDP Climate Change Questionnaire, ranking well above the oil and gas storage and transportation sector (‘C’) and North American regional (‘C’) averages
- MSCI: maintained an ‘A’ rating
- Named one of America’s Most Responsible Companies 2024 by Newsweek magazine, ranking first in the Energy & Utilities industry
Williams’ 2023 Sustainability Report covers operations from January 1 through December 31, 2023, unless otherwise noted, and was prepared in accordance with the Global Reporting Initiative (GRI) Standards 2021, including GRI 11: Oil and Gas Sector Standard. The report references the Sustainability Accounting Standards Board (SASB) Oil & Gas – Midstream Standard, Task Force on Climate-related Financial Disclosures (TCFD), the United Nations Sustainable Development Goals (SDGs) and IFRS Foundation S2 Climate-related Disclosures. In addition, Williams’ 2023 Sustainability Report received independent third-party limited assurance from ERM Certification and Verification Services (ERM CVS) for select 2023 greenhouse gas emissions, pipeline integrity and safety data.
About Williams
Williams (NYSE: WMB) is a trusted energy industry leader committed to safely, reliably, and responsibly meeting growing energy demand. We use our 33,000-mile pipeline infrastructure to move a third of the nation’s natural gas to where it's needed most, supplying the energy used to heat our homes, cook our food and generate low-carbon electricity. For over a century, we’ve been driven by a passion for doing things the right way. Today, our team of problem solvers is leading the charge into the clean energy future – by powering the global economy while delivering immediate emissions reductions within our natural gas network and investing in new energy technologies. Learn more at
www.williams.com.
Contacts
MEDIA:
media@williams.com(800) 945-8723
INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075
Caroline Sardella
(918) 230-9992
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