Kinder Morgan (KMI) has published its 2018 Environmental, Social and Governance (ESG) report. KMI continues to believe that natural gas is a key source of energy to reduce global greenhouse gas emissions. As detailed in the report, the company has worked to reduce methane emissions throughout the energy value chain, particularly in the midstream sector.
“We have enhanced this report by providing metrics for ecological impacts and employee relations as well as quantifying the energy savings from programs that reduce our electricity usage and greenhouse gas emissions. In addition, as we committed in our 2017 report, we have included an assessment of our business under a 2°C scenario,” said Kinder Morgan’s Vice President of Corporate Environmental, Health and Safety, Dirk Cockrum. “This report is reflective of Kinder Morgan’s safe, efficient and responsible operations and we are gratified to be ranked in the top quartile by ESG ratings firms.”
In 2016, the company set a goal of achieving an intensity target of 0.31 per cent of methane emissions per unit of throughput by 2025 for our natural gas transmission and storage assets. This goal was surpassed in 2017, and again in 2018, with a methane emission intensity rate for these operations of 0.04 and 0.02 per cent, respectively.
To assess the resiliency of its business strategy under a 2°C scenario, a scenario that would hold the increase in the global average temperature to well below 2°C above pre-industrial levels, the company formed a multi-disciplinary working group with employees from each of Kinder Morgan’s business segments and several shared service departments in 2019. This assessment, which is published in this report for the first time, is based on the scenarios contemplated in the International Energy Agency’s 2018 World Energy Outlook.
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