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Share Name | Share Symbol | Market | Type |
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Crestwood Equity Partners LP New | NYSE:CEQP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 28.26 | 0 | 01:00:00 |
Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today the publication of its 2022 sustainability report, furthering its commitment to lead the MLP midstream industry in sustainability. The report titled "Responsible Growth. Authentic Advancement." highlights the year-to-year progress Crestwood has achieved in its environmental, social, and governance (ESG) commitments and illustrates how the company has worked to balance responsible business growth and sustainability objectives. It presents comprehensive information on the company's achievement of key performance indicators related to ESG, such as methane emissions intensity rate, methane management and diversity, equity, and inclusion (DEI) performance, all of which are tied to executive and employee compensation. Crestwood also highlights the achievements made in its second three-year sustainability strategy, initiated in January 2022, including deliverables achieved through its comprehensive carbon management plan. The 2022 sustainability report is available at https://esg.crestwoodlp.com.
“We are proud to share our ESG advancements in Crestwood’s fifth annual sustainability report as we continue our authentic approach to delivering energy responsibly while executing upon a regional midstream consolidation strategy that included a series of strategic portfolio realignment transactions. Throughout these acquisitions and divestitures, we remained focused on progressing our ESG goals,” said Robert G. Phillips, Founder, Chairman and Chief Executive Officer of Crestwood’s general partner. "Crestwood proactively integrated ESG risks into our transaction underwriting process through the creation of a comprehensive ESG due diligence risk register. Additionally, we developed a carbon acquisition/divestiture protocol to effectively manage emissions associated with acquisitions and divestitures, reflecting our unwavering commitment to reducing our GHG emissions intensity rate while responsibly growing our business."
Joanne Howard, Crestwood’s Senior Vice President, ESG and Corporate Communications, commented, “As we make significant strides on our second sustainability strategy and the first year of our carbon management plan, I am pleased to see our employees’ commitment to integrating sustainability practices into their roles, enabling us to advance our sustainability initiatives with a particular emphasis on methane emissions management while upholding our position as a top-tier gathering and processing operator. While we are proud of our progress, we understand this is a continuous journey, and we remain dedicated to integrating our acquired assets into our leading ESG practices.”
Highlights of Crestwood’s 2022 sustainability report include:
Crestwood’s 2022 sustainability report has been prepared in accordance with the Global Reporting Initiative (GRI) 2021 Standards and is aligned with the Sustainability Accounting Standards Board (SASB) midstream reporting framework and TCFD. New ESG materials are also posted to Crestwood’s website at www.crestwoodlp.com.
About Crestwood Equity Partners LP
Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. Crestwood is engaged in the gathering, processing, treating, compression, and transportation of natural gas; storage, transportation, terminalling and marketing of NGLs; gathering, storage, terminalling and marketing of crude oil; and gathering and disposal of produced water. To learn more about Crestwood Equity Partners LP, visit www.crestwoodlp.com; and to learn more about Crestwood’s sustainability efforts, please visit https://esg.crestwoodlp.com.
Forward-Looking Statements
This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal securities law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that are difficult to predict and many of which are beyond management’s control. These risks and assumptions are described in Crestwood’s reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K and other reports, which are available through the SEC’s EDGAR system at www.sec.gov and on our website. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management’s view only as of the date made, and Crestwood assumes no obligation to update these forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230602005306/en/
Crestwood Equity Partners LP Investor Contact Andrew Thorington, 713-380-3028 andrew.thorington@crestwoodlp.com Vice President, Finance and Investor Relations
Sustainability and Media Contact Joanne Howard, 832-519-2211 joanne.howard@crestwoodlp.com Senior Vice President, ESG and Corporate Communications
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