What are your impressions of BIER and what do you feel has been the groups impact on private sector environmental sustainability? Again, if youre taking a long term view (50, 60, 70-year asset investment) in a geography which is water-scarce, how do you make sure you incorporate and embed water-related risks into that investment decision? +44 (0)7595 609666. Building on that, are there BIER work products related to agriculture or water that you feel correlate specifically with anything you have mentioned? The primary framework for this report is the Sustainability reporting guidance for the oil and gas industry developed by IPIECA, the American Petroleum Institute (API) and the International Association of Oil & Gas Producers (IOGP). Many businesses can quite comfortably have that business as usual approach for the next two or three years and not feel the pinch. He also was a green finance working group co-chair for the Climate Markets & Investors Association (CMIA) and Project Adviser to the World Economic Forum Energy Access Partnership. So I think a part of it is to have a longer-term view. You mentioned you are working with your (WBCSD) member companies on a range of projects and advocacy efforts. Develop incentives in a circular economy context, this is what will drive systems transformations value chains and regulations need to adapt accordingly; 3. Many spaces are still viewed as being pretty competitive.
Our 2021 sustainability report reflects the progress we have made in pursuit of our goals and outlines the steps we are taking that reflect our commitment to continuous improvement in everything we do, said Morikis. The following table summarizes those nine SDGs and where discussion of those topics can be found in this report. Any such statements are made in reliance on the safe harbor protections provided under the Private Securities Reform Act of 1995. The forward-looking statements in this report are made as of the date of submittal of our responses to this report, even if subsequently made available by Devon on its website or otherwise. | Jon, acts as an Expert Adviser to a major European Bank and the UK Green Investment Bank. TCFDRecommendations of the Task Force on Climate-related Financial Disclosures (June 2017). Various SASB indicators request different reporting methodologies but use the same underlying raw data that we use for our CDP responses. Get news highlights delivered directly to your e-mail inbox. Therefore, they do need a long-term view and good management is too critical. Tel: All rights reserved. Devon does not intend to and is not endorsing or adopting phrases, specific terms or recommendations from the Frameworks. This report covers our owned and operated businesses and does not address the performance or operations of our suppliers, contractors and partners unless otherwise noted. Prior to joining PwC, Jon worked for HSBC for 21 years, with a variety of banking roles in Europe and Asia, most recently as Head of Group Sustainable Development. Suddenly the food system has garnered intense interest as a problem and solution area for climate, biodiversity, and equality. Member of the FSB task force on Climate-Related Financial Disclosures (TCFD). Jon is PwCs Global Banking & Capital Markets ESG Leader and also chairs the UK Sustainability & Climate Change practice, with a focus on delivering market-leading strategy, transformation & risk management solutions to financial firms. United Nations Sustainable Development Goals. Devons actual activities, including the development, implementation or continuation of any program, target or initiative discussed in this report may differ materially in the future. A lot of the companies are feeling the pinch now as it relates to water. At Sherwin-Williams, corporate responsibility and sustainability are central to how we do business. The American Exploration and Production Council (AXPC) is a national trade association representing the largest independent oil and natural gas exploration and production companies in the United States. You also mentioned you liked the BIER work due to its pre-competitive collaborative type approach. See the Safe Harbor disclosure at the end of this report. So learn lessons from some of the companies and geographies where its water-scarce that these changes are going to happen. If you had one superpower that could be used to radically accelerate and scale sustainable best practices, which one would it be and how would you use it? Not everybody has the sort of consistent understanding of what (pre-competitive collaboration) it means. Whats been impressive over the last 3 years or so is how WBCSD has developed a highly credible food system transformation narrative that has mobilized business and initiated several key partnerships. Please refer to our 2020 Annual Report on Form 10-K and our other filings with the SEC for information about the risks and uncertainties to our business and operations, and our industry in general. (918) 573-5075, Williams Releases 2020 Sustainability Report, Internet Explorer presents a security risk. As this report details, we are making headway on critical ESG-related fronts; for example, becoming the first North American midstream company to set a near-term climate goal based on right here, right now emissions reduction opportunities and driving progress toward diversifying our workforce and leadership team. TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) announced today the release of its 2020 Sustainability Report, a comprehensive review of environmental, social and governance (ESG) performance metrics as the company meets growing demand for clean, affordable and reliable energy while protecting the environment and building strong communities. DisclaimerThis report contains terms, standards and reporting metrics used by IPIECA, Task Force on Climate-Related Financial Disclosures (TCFD), Sustainability Accounting Standards Board (SASB), United Nations Sustainable Development Goals and American Exploration & Production Council (AXPC, together with UN SDGs, IPIECA, TCFD and SASB, the Frameworks). With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. All Rights Reserved | Best in Market -, The Beverage Industry Environmental Roundtable (BIER). At Devon, one way we reflect on our role in society is by viewing our work through the lens of the U.N. The IPIECA index identifies where the referenced data may be found in this report or other publicly available disclosures. Non-financial and non-GAAP information, such as that included in this report, is subject to more potential limitations than financial information, given the methods used for calculating or estimating such information. Still see both. I have worked with the World Business Council for Sustainable Development (WBCSD) since September 2018, I lead our work on water, engaging with member companies on a range of projects and advocacy efforts related to domestic, industrial and agricultural water use. Portions of this document may constitute forward-looking statements as defined by federal law. Welcome to our series aimed at spotlighting the individual leaders within BIER member companies and stakeholder organizations. So my interpretation of that is, for example, when we collaborate pre-competitively, were sort of improving on behaviors and our standards, which brings everyone together. The contents of this report are intended as guidance only and may not be comprehensive in scope or coverage, including asto such Frameworks. This report includes forward-looking statements as defined by the SEC. WBCSD is celebrating its 25th anniversary this year, over this time our engagement with companies on sustainability issues has gained breadth with six programs: Climate & Energy, Food & Nature, Circular Economy, People, Redefining Value and Cities & Mobility and depth, contributing to initiatives such as the Task Force on Climate-Related Financial Disclosures (TCFD) and Science Based Targets (SBTs). All rights reserved. 2022 Copyright Devon Energy Corporation. Williams owns and operates more than 30,000 miles of pipelines system wide including Transco, the nations largest volume and fastest growing pipeline and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. American Exploration & Production Council Framework. SASBOil and Gas Exploration and Production Sustainability Accounting Standard (version 2018-10). And water cuts across all these areas, as an enabler and potential beneficiary. Yes. Best in Market, 2022 Company Name. The SDGs are the globally agreed-upon action plan for providing affordable and clean energy, protecting our planet, and promoting peace and prosperity for all people. His clients include financial institutions in both developed and developing economies, and companies in the retail, consumer goods, healthcare, energy and mining sectors. We demonstrate our ongoing commitment to our employees, customers, communities, shareholders and other stakeholders through our continued efforts to develop and implement comprehensive policies, goals and programs in pursuit of our ESG objectives, said John G. Morikis, chairman and CEO of Sherwin-Williams. Today is going to be happening in five or 10 years time. And so when youre thinking about that in a beverage industry context, I think thats quite progressive. Devon does not undertake any obligation to update the forward-looking statements as a result of new information, future events or otherwise. Share a recent accomplishment of your organizations sustainability initiatives/achievements you are most proud of and why. Williams ongoing focus on sustainable operations positions us well to meet clean energy demand for generations to come.. Speaking of water, because its such a key ingredient for the beverage industry, they dont need to be water stewards for the next 10, 20 years. And that becomes interesting. So, things like the true cost approach enable a business to do that. The fantastic thing is we dont need any superpowers to accelerate and scale! As such, Devon intends to use the SASB materiality profile for the oil and gas industry as an additional reference point when assessing the sustainability issues most likely to impact our business. www.williams.com. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Set a near-term goal of a 56% absolute reduction from 2005 levels in company-wide greenhouse gas emissions by 2030, putting Williams on a path to net zero carbon emissions by 2050, Reduced our reported methane emissions from natural gas processing plants and transmission compressor stations by more than 58% since 2012 while increasing throughput volumes by 27% over the same period, Achieved a 33% decrease in air releases, surpassing our 2020 goal of 10%, Achieved a 9% reduction in employee recordable injuries since 2017, Joined the Leadership Advisory Board on the Coalition for Renewable Natural Gas to advocate for renewable natural gas in North America, Introduced an educational platform, Catalyst, to provide resources to drive social awareness, Contributed nearly $11 million to initiatives that make communities stronger, Volunteered 18,263 hours with charitable organizations, representing $521,226 in value. He has previously advised the World Economic Forum (WEF) on their Stakeholder Capitalism Metrics and was a member of the City of London Green Finance Initiative Steering Committee, co-chair of the Climate Markets & Investors Association (CMIA) TCFD Working Group, sat on the UK Green Investment Bank Sustainable Finance Group as an adviser and was Project Adviser to the World Economic Forum for the Critical Mass Initiative, the Energy Access Partnership and the Climate Governance Initiative. PwC. The Sustainability Accounting Standards Board (SASB) connects businesses and investors on the financial impacts of sustainability. Partner, Global Banking & Capital Markets ESG leader and UK chair, Sustainability & Climate change, PwC United Kingdom. The issues and indicators in this guidance have been selected based on industry consensus, together with significant insights and suggestions from an independent panel of stakeholders with expertise in the sector and sustainability reporting. Terms of Use, Task Force on Climate-Related Financial Disclosures. Formed in 2006, BIER is a common voice across the beverage sector, speaking to influence global standards on environmental sustainability aspects most relevant to the sector, affect change both up and down the supply chain and share best practices that raise the bar for environmental performance of the industry. His clients include financial institutions in both developed and developing economies, and has also advised companies in the retail, consumer goods, healthcare, energy and mining sectors. topic, work product, etc) where BIER got your attention and why? Implemented a Sustainability by Design program across the enterprise, serving as a proactive, foundational process to aid the growth of its sustainably advantaged products portfolio.
Our 2021 sustainability report reflects the progress we have made in pursuit of our goals and outlines the steps we are taking that reflect our commitment to continuous improvement in everything we do, said Morikis. The following table summarizes those nine SDGs and where discussion of those topics can be found in this report. Any such statements are made in reliance on the safe harbor protections provided under the Private Securities Reform Act of 1995. The forward-looking statements in this report are made as of the date of submittal of our responses to this report, even if subsequently made available by Devon on its website or otherwise. | Jon, acts as an Expert Adviser to a major European Bank and the UK Green Investment Bank. TCFDRecommendations of the Task Force on Climate-related Financial Disclosures (June 2017). Various SASB indicators request different reporting methodologies but use the same underlying raw data that we use for our CDP responses. Get news highlights delivered directly to your e-mail inbox. Therefore, they do need a long-term view and good management is too critical. Tel: All rights reserved. Devon does not intend to and is not endorsing or adopting phrases, specific terms or recommendations from the Frameworks. This report covers our owned and operated businesses and does not address the performance or operations of our suppliers, contractors and partners unless otherwise noted. Prior to joining PwC, Jon worked for HSBC for 21 years, with a variety of banking roles in Europe and Asia, most recently as Head of Group Sustainable Development. Suddenly the food system has garnered intense interest as a problem and solution area for climate, biodiversity, and equality. Member of the FSB task force on Climate-Related Financial Disclosures (TCFD). Jon is PwCs Global Banking & Capital Markets ESG Leader and also chairs the UK Sustainability & Climate Change practice, with a focus on delivering market-leading strategy, transformation & risk management solutions to financial firms. United Nations Sustainable Development Goals. Devons actual activities, including the development, implementation or continuation of any program, target or initiative discussed in this report may differ materially in the future. A lot of the companies are feeling the pinch now as it relates to water. At Sherwin-Williams, corporate responsibility and sustainability are central to how we do business. The American Exploration and Production Council (AXPC) is a national trade association representing the largest independent oil and natural gas exploration and production companies in the United States. You also mentioned you liked the BIER work due to its pre-competitive collaborative type approach. See the Safe Harbor disclosure at the end of this report. So learn lessons from some of the companies and geographies where its water-scarce that these changes are going to happen. If you had one superpower that could be used to radically accelerate and scale sustainable best practices, which one would it be and how would you use it? Not everybody has the sort of consistent understanding of what (pre-competitive collaboration) it means. Whats been impressive over the last 3 years or so is how WBCSD has developed a highly credible food system transformation narrative that has mobilized business and initiated several key partnerships. Please refer to our 2020 Annual Report on Form 10-K and our other filings with the SEC for information about the risks and uncertainties to our business and operations, and our industry in general. (918) 573-5075, Williams Releases 2020 Sustainability Report, Internet Explorer presents a security risk. As this report details, we are making headway on critical ESG-related fronts; for example, becoming the first North American midstream company to set a near-term climate goal based on right here, right now emissions reduction opportunities and driving progress toward diversifying our workforce and leadership team. TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) announced today the release of its 2020 Sustainability Report, a comprehensive review of environmental, social and governance (ESG) performance metrics as the company meets growing demand for clean, affordable and reliable energy while protecting the environment and building strong communities. DisclaimerThis report contains terms, standards and reporting metrics used by IPIECA, Task Force on Climate-Related Financial Disclosures (TCFD), Sustainability Accounting Standards Board (SASB), United Nations Sustainable Development Goals and American Exploration & Production Council (AXPC, together with UN SDGs, IPIECA, TCFD and SASB, the Frameworks). With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. All Rights Reserved | Best in Market -, The Beverage Industry Environmental Roundtable (BIER). At Devon, one way we reflect on our role in society is by viewing our work through the lens of the U.N. The IPIECA index identifies where the referenced data may be found in this report or other publicly available disclosures. Non-financial and non-GAAP information, such as that included in this report, is subject to more potential limitations than financial information, given the methods used for calculating or estimating such information. Still see both. I have worked with the World Business Council for Sustainable Development (WBCSD) since September 2018, I lead our work on water, engaging with member companies on a range of projects and advocacy efforts related to domestic, industrial and agricultural water use. Portions of this document may constitute forward-looking statements as defined by federal law. Welcome to our series aimed at spotlighting the individual leaders within BIER member companies and stakeholder organizations. So my interpretation of that is, for example, when we collaborate pre-competitively, were sort of improving on behaviors and our standards, which brings everyone together. The contents of this report are intended as guidance only and may not be comprehensive in scope or coverage, including asto such Frameworks. This report includes forward-looking statements as defined by the SEC. WBCSD is celebrating its 25th anniversary this year, over this time our engagement with companies on sustainability issues has gained breadth with six programs: Climate & Energy, Food & Nature, Circular Economy, People, Redefining Value and Cities & Mobility and depth, contributing to initiatives such as the Task Force on Climate-Related Financial Disclosures (TCFD) and Science Based Targets (SBTs). All rights reserved. 2022 Copyright Devon Energy Corporation. Williams owns and operates more than 30,000 miles of pipelines system wide including Transco, the nations largest volume and fastest growing pipeline and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. American Exploration & Production Council Framework. SASBOil and Gas Exploration and Production Sustainability Accounting Standard (version 2018-10). And water cuts across all these areas, as an enabler and potential beneficiary. Yes. Best in Market, 2022 Company Name. The SDGs are the globally agreed-upon action plan for providing affordable and clean energy, protecting our planet, and promoting peace and prosperity for all people. His clients include financial institutions in both developed and developing economies, and companies in the retail, consumer goods, healthcare, energy and mining sectors. We demonstrate our ongoing commitment to our employees, customers, communities, shareholders and other stakeholders through our continued efforts to develop and implement comprehensive policies, goals and programs in pursuit of our ESG objectives, said John G. Morikis, chairman and CEO of Sherwin-Williams. Today is going to be happening in five or 10 years time. And so when youre thinking about that in a beverage industry context, I think thats quite progressive. Devon does not undertake any obligation to update the forward-looking statements as a result of new information, future events or otherwise. Share a recent accomplishment of your organizations sustainability initiatives/achievements you are most proud of and why. Williams ongoing focus on sustainable operations positions us well to meet clean energy demand for generations to come.. Speaking of water, because its such a key ingredient for the beverage industry, they dont need to be water stewards for the next 10, 20 years. And that becomes interesting. So, things like the true cost approach enable a business to do that. The fantastic thing is we dont need any superpowers to accelerate and scale! As such, Devon intends to use the SASB materiality profile for the oil and gas industry as an additional reference point when assessing the sustainability issues most likely to impact our business. www.williams.com. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Set a near-term goal of a 56% absolute reduction from 2005 levels in company-wide greenhouse gas emissions by 2030, putting Williams on a path to net zero carbon emissions by 2050, Reduced our reported methane emissions from natural gas processing plants and transmission compressor stations by more than 58% since 2012 while increasing throughput volumes by 27% over the same period, Achieved a 33% decrease in air releases, surpassing our 2020 goal of 10%, Achieved a 9% reduction in employee recordable injuries since 2017, Joined the Leadership Advisory Board on the Coalition for Renewable Natural Gas to advocate for renewable natural gas in North America, Introduced an educational platform, Catalyst, to provide resources to drive social awareness, Contributed nearly $11 million to initiatives that make communities stronger, Volunteered 18,263 hours with charitable organizations, representing $521,226 in value. He has previously advised the World Economic Forum (WEF) on their Stakeholder Capitalism Metrics and was a member of the City of London Green Finance Initiative Steering Committee, co-chair of the Climate Markets & Investors Association (CMIA) TCFD Working Group, sat on the UK Green Investment Bank Sustainable Finance Group as an adviser and was Project Adviser to the World Economic Forum for the Critical Mass Initiative, the Energy Access Partnership and the Climate Governance Initiative. PwC. The Sustainability Accounting Standards Board (SASB) connects businesses and investors on the financial impacts of sustainability. Partner, Global Banking & Capital Markets ESG leader and UK chair, Sustainability & Climate change, PwC United Kingdom. The issues and indicators in this guidance have been selected based on industry consensus, together with significant insights and suggestions from an independent panel of stakeholders with expertise in the sector and sustainability reporting. Terms of Use, Task Force on Climate-Related Financial Disclosures. Formed in 2006, BIER is a common voice across the beverage sector, speaking to influence global standards on environmental sustainability aspects most relevant to the sector, affect change both up and down the supply chain and share best practices that raise the bar for environmental performance of the industry. His clients include financial institutions in both developed and developing economies, and has also advised companies in the retail, consumer goods, healthcare, energy and mining sectors. topic, work product, etc) where BIER got your attention and why? Implemented a Sustainability by Design program across the enterprise, serving as a proactive, foundational process to aid the growth of its sustainably advantaged products portfolio.