Apache Corporation releases 2018 Sustainability Report

Source: press release, 19 November 2018

Apache Corporation has released its 2018 Sustainability Report
Apache Corporation has released its 2018 Sustainability Report (illustration: Apache)

Apache Corporation has released its 2018 Sustainability Report. The online report features extensive disclosure of Apache’s performance in governance, economics, environmental stewardship, health and safety, workforce development and community engagement. The report is available at www.apachecorp.com/Sustainability.

John J. Christmann IV, Apache’s chief executive officer and president, says, “At Apache, we understand that our company’s success hinges upon our ability to produce lasting benefits for all stakeholders, including our investors, our employees and the communities in which we operate. To accomplish this, we are building for the future sustainably by investing in innovative operational approaches that deliver environmental, social and financial returns.”

The 2018 report:

  • Provides increased transparency on Apache’s most material sustainability issues.
  • Highlights Apache’s efforts to foster a culture of innovation and continuous improvement.
  • Provides an in-depth update about Apache’s work in Alpine High, its new multidecade resource play.
  • Addresses stakeholders’ most frequently asked questions.

The report also highlights Apache’s performance in key sustainability areas, including:

  • Improving health and safety.
  • Reducing methane emissions.
  • Using alternatives to fresh water. Apache uses recycled produced water and nonpotable, brackish groundwater to reduce its use of fresh water.
  • Benefiting communities.Apache aims to benefit communities by hiring and spending locally.

The 2018 report was prepared using the Global Reporting Initiative’s (GRI) Sustainability Reporting Standards and meets the requirements for a core-level report. GRI is a non-profit organisation that promotes economic, environmental and social sustainability. Its comprehensive sustainability reporting model is widely used around the world. Also consulted were the Sustainability Accounting Standards Board (SASB), IPIECA’s Oil and Gas Industry Guidance on Voluntary Sustainability Reporting and Disclosing the Facts 2019.