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Hess Corporation’s 2016 Sustainability Report Shows Continued Progress in Safe, Responsible Business Practices

  • Improved employee total recordable incident rate (TRIR) by 58 percent and reduced process safety events by 36 percent compared to 2015
  • Reduced flaring and greenhouse gas (GHG) emission intensities from operated assets by 29 percent and 20 percent, respectively, versus a 2014 baseline
  • Invested nearly $20 million in social programs, with the majority for education

NEW YORK--(BUSINESS WIRE)--Jul. 19, 2017-- Hess Corporation (NYSE: HES) published its 2016 Sustainability Report today, providing a comprehensive review of the company’s strategy and performance on safety, environmental, social and governance programs and initiatives. An electronic version is available at http://www.hess.com/sustainability/sustainability-reports.

“We believe sustainable practices create value for our shareholders and opportunities to continuously improve business performance,” said Hess CEO John B. Hess. “We are proud of the progress made and excited to continue building a sustainable enterprise that makes a positive difference for our stakeholders and the world around us.”

Hess Corporation’s 20th annual sustainability report has achieved the G4 Core level for sustainability reporting under the Global Reporting Initiative (GRI) methodology. GRI is an independent organization that provides the world’s most widely recognized sustainability reporting and disclosure standards. The report has been third-party assured by ERM Certification and Verification Services.

Highlights from this year’s report include:

  • Driving strong safety performance: The company experienced a four-year low in the number of process safety events in 2016 with a 36 percent improvement compared to 2015. In personal safety, the employee TRIR decreased year-over-year from 0.24 to 0.10, a 58 percent improvement.
  • Decreasing environmental impact: Through 2016, Hess reduced flaring and GHG emission intensities from operated assets by 29 percent and 20 percent, respectively, versus a 2014 baseline. Hess received one of the highest rankings among energy producers in the 2016 Newsweek Green Rankings of the 500 largest publicly traded companies in the United States and was recognized on the prestigious CDP Global Climate List, as a leader in addressing climate change-related risks and opportunities.
  • Making a difference in local communities and managing social risk: Hess’ social investment program in 2016 totaled nearly $20 million, with more than $16 million directed toward education projects. In host communities, the company conducted risk-based human rights training at selected assets and incorporated human rights training into its contractor onboarding process. Hess has earned a place, for the 10th consecutive year, on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2017. The list recognizes public companies across the United States with strong performance in such areas as environment, climate change, employee relations, human rights, governance, finance, philanthropy and community support.

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. Hess is committed to helping meet the world’s growing energy needs in a safe, environmentally responsible, socially sensitive and profitable way. More information on the company is available at www.hess.com.

Source: Hess Corporation

Hess Corporation
Jay Wilson, 212-536-8940
Lorrie Hecker, 212-536-8250