Environment

Our sustainability efforts inform our risk management processes. The executive vice president of Operations has leadership accountability for our environmental function, including emissions, biodiversity, water conservation and sourcing, spill prevention, seismicity and waste management. Oversight is provided by the Health, Environmental, Safety and Corporate Responsibility (HES&CR) Committee of the board of directors, which meets at least twice per year. In addition, all directors bring experience with industry regulations to their board role.

Our Environmental Management Standard guides our business units in identifying relevant environmental risks. To mitigate operational environmental impacts, we’ve developed sound local and regional management practices, including:

• Designing and constructing facilities that are intended to comply with existing, applicable regulations.
• Identifying and installing solutions to reduce air emissions, waste and fresh water use and mitigate spill potential.
• Vetting waste disposal facilities prior to use to minimize negative outcomes, such as induced seismicity or mishandling of waste.
• Tracking environmental performance and reporting data and management practices to stakeholders, who may add in benchmarking and performance improvement where appropriate.