TULSA, Okla.—The Williams Cos. was recognized by CDP with a “B” score for its commitment to transparency and governance around climate change, ranking above the sector (oil and gas storage and transportation) average of “C” and exceeding the North American regional average of “D.” Williams’ score signifies the company is taking coordinated action on climate change.
“As the first North American midstream company to set aggressive and actionable climate targets, Williams is committed to addressing climate change in a pragmatic and economically feasible manner across our operations, and we hold ourselves accountable through transparent interactions with customers, employees and shareholders,” said Alan Armstrong, president and CEO. “This recognition from CDP demonstrates that Williams is on the right track to successfully sustain and evolve our natural gas-focused business to reduce emissions and build a clean energy economy while delivering long-term value to stakeholders.”
CDP’s annual disclosure and scoring process is a widely recognized measure of strong corporate environmental transparency and performance. This is the first year Williams participated in the full disclosure and scoring process through the CDP climate change questionnaire.
Williams’ focus on sustainable performance is recognized in other key rankings for 2020, including:
- Dow Jones Sustainability Index: Williams ranked in the top 7% in the oil and gas storage and transportation industry and peer group and was added to the Dow Jones North America Sustainable Index for the first time this year.
- Sustainalytics: Williams ranked in the top 5% in the Refiners and Pipelines industry group, reflecting strong management of material Environmental, Social and Governance (ESG) issues.
- MSCI: Williams maintained a BB rating, illustrating its ongoing emphasis on ESG developments.
Williams continues to take an active industry role in demonstrating real and sustainable achievements in ESG reporting by co-leading an initiative though the Energy Infrastructure Council (EIC) to launch the first-ever Midstream Company ESG Reporting Template that allows midstream energy infrastructure companies to present their sustainability metrics that matter most to investors in a transparent and comparable way.
Williams will host a virtual ESG event on Tuesday, Jan. 19, 2021, from 9 a.m. to 11:30 a.m. CT, to discuss its ESG performance, climate commitment and forward-looking strategy for sustainable operations. Additional information on this event will be shared in early January.
To read the company’s 2019 Sustainability Report, visit https://www.williams.com/sustainability/climate-commitment/.
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