Archrock Publishes its 2021 Annual Sustainability Report
11 Août 2022 - 10:05PM
Archrock, Inc. (NYSE:AROC) (“Archrock” or the “Company”) today
announced the publication of its 2021 Sustainability Report,
detailing progress on and commitments to enhancing the Company’s
environmental, social and governance (ESG) performance. The report
is based on 2021 data and also includes certain achievements made
year to-date in 2022, underscoring the company’s culture of
continuous improvement.
“We are proud to publish our 2021 Sustainability
Report as we advance our ESG journey for the benefit of our
customers, employees, shareholders, communities and the
environment. Rooted in strong corporate governance practices, this
journey began four years ago and has rapidly expanded into a
commitment to integrate sustainability into all aspects of our
business,” said Brad Childers, Archrock’s President and Chief
Executive Officer.
“I’m particularly excited about our recent
efforts to develop solutions to help our customers decarbonize,
from lower-emitting and electric motor drive compression
horsepower, to continuous methane emissions detection and
management through our investment in and partnership with ECOTEC.
These opportunities further solidify our commitment to and support
of the role we expect natural gas will continue to play as an
environmentally, economically and strategically sound energy source
for America and the world.”
“Moving forward, and indicative of our
sustainability focus, we’ve set quantitative, meaningful ESG goals
to align organizational priorities. In 2022, we have increased the
weight of safety and sustainability within our short-term incentive
plan to 20%. The metric includes targets for safety performance,
the development of a comprehensive diversity and inclusion policy
and a performance metric for reductions in miles driven by our
field service technicians, which we expect to positively impact our
Scope 1 emissions.”
2021 Report Highlights:
- Achieved record safety performance
during 2021, with a total recordable incident rate of 0.10, six
times better than the 2021 Gas Compression Association average of
0.63
- Invested nearly $50 million in a
digital transformation over three years, capped by the achievement
of several important technology milestones in 2021
- Charged Archrock’s New Ventures
team with evaluating and pursuing complementary business
opportunities to help our customers decarbonize
- Using a consistent methodology,
achieved an 11% year-over-year reduction in 2021 Scope 1 and Scope
2 CO2 emissions intensity
- Using a consistent methodology,
reduced estimated NOx emissions by 37% on a per horsepower basis
since 2017
- Reduced our facility footprint by
9% since 2019
- Demonstrating our commitment to
board of director diversity, 3 of 7 independent Directors are
female or identify as a member of an underrepresented racial/ethnic
group
2022 Initiatives:
- Significant investment in electric
drive compression horsepower
- Based on an in-depth review
conducted in 2021, committed to adopting a diversity and inclusion
policy to serve as a foundation for a comprehensive program
- Implemented a Supplier Code of
Conduct, which sets forth our expectations that our business
partners conduct themselves in a manner that is consistent with
Archrock’s mission and values
- Agreed to acquire a 25% equity
stake in ECOTEC, which provides methane emissions monitoring
Archrock’s 2021 Sustainability Report has been
prepared in accordance with the Sustainability Accounting Standards
Board (SASB).
To learn more about Archrock’s sustainability efforts and how WE
POWER A CLEANER AMERICA™, visit
https://www.archrock.com/sustainability/.
About ArchrockArchrock is
an energy infrastructure company with a primary focus on midstream
natural gas compression and a commitment to helping
its customers produce, compress and transport natural gas in a
safe and environmentally responsible way. Headquartered
in Houston, Texas, Archrock is the leading provider of
natural gas compression services to customers in the energy
industry throughout the U.S. and a leading supplier of
aftermarket services to customers that own compression equipment.
For more information on how the Company embodies its purpose, WE
POWER A CLEANER AMERICA™, visit www.archrock.com.
For information, contact:
Megan RepineVice President, Investor
Relations(281) 836-8360investor.relations@archrock.com
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