Chief Sustainability Officer Message
At Equitrans, there is a clear tone that begins at the top — sustainability is critically important to the world we live in, but it is also essential to the future growth of our Company. This belief is evidenced in our Vision, Mission, and Core Values; by the inclusion of sustainability metrics in our Company’s performance objectives; and, most importantly, is embraced by our employees, who work every day to ensure that we incorporate ESG principles in all we do.
As Chief Sustainability Officer, I am proud of what we have accomplished and, even more so, of our commitment to continual progress. Through the actions and attitudes of our employees, we have established a strong sustainability culture and set the foundation for Equitrans to be a more sustainable business enterprise as we transition to a lower-carbon future.
Climate change poses many challenges for our business and society, and we are actively taking steps to assess our operations and implement actions to mitigate emissions. In January 2021, we issued our Climate Policy, which established a target to reduce our Scope 1 and Scope 2 methane emissions by 50% by 2030.
In 2021, one of our methane reduction projects included the conversion of pneumatic controllers at our compressor stations. The annual scope of emission reductions from this project will be fully realized by the end of 2022, at which time all new equipment will have been operational for one full year. Using our 2019 baseline emissions inventory, we expect the project to result in an annualized reduction of approximately 1,203 metric tons of methane. Additionally, in 2021, we incorporated this methane reduction project into our annual employee performance incentive program, demonstrating our commitment to sustainability for both internal and external stakeholders. For 2022, we have set new employee incentives to achieve a further reduction in methane emissions as we continue our progress toward our 2030 reduction goal.
Further, Equitrans’ Biodiversity Statement details our efforts to balance environmental stewardship with our operational development. In 2022, we are also working on the development and implementation of a formal Environmental Management System — providing assurance to all stakeholders that our environmental impacts are being measured, managed, and improved.
In addition to our CDP Climate Change Questionnaire, in 2022 we will expand our reporting disclosures to include the CDP Water Security Questionnaire. This first-time submission includes data from our comprehensive evaluation of Equitrans’ water sourcing, usage, and consumption. Beyond report submissions, our long-term objective is to document and account for the molecules of H2O we acquire, use, and discharge — allowing us to consider optimization, mitigation, and reduction opportunities in a more holistic manner and enabling us to better manage the potential risks associated with consumption of this critical resource.
At Equitrans, the safety of our employees, contractors, and communities is paramount in everything we do. And while safety will always be our top priority, our vision for sustainability also includes a focus on workforce collaboration to engage employees and foster proactive engagement with external stakeholders and communities.
In 2021, we made a concerted effort to formalize and communicate our many social commitments, including the adoption of our new Supplier Code of Conduct, Human Rights Policy, and Stakeholder Engagement and Community Investment Policy. We published our United Nations Sustainable Development Goals Statement, which outlines our aspirations to align our operations with the relevant UN SDGs, and elevated our Inclusion Program to reinforce our commitment to maintaining a diverse, equitable, and inclusive workplace.
In 2022, we will adopt an Environmental Justice Policy to formalize our commitment to the fair treatment and meaningful involvement of all people — regardless of race, color, national origin, or income — with respect to the development, implementation, and enforcement of environmental laws, regulations, and policies that pertain to our operations.
We are deeply committed to conducting business in a fair, honest, and responsible manner, and we understand that business ethics and integrity are immutable. Our Code of Business Conduct and Ethics fosters the integrity of our leaders, employees, and contractors. Additionally, sustainability aspects are embedded at the highest levels of our organization, with our executive leadership team and Board of Directors being actively engaged in responsibly managing and overseeing emerging ESG issues.
In 2022, we will continue to focus on ESG-related governance, including further enhancing our cybersecurity practices and increasing our internal audit program for sustainability metrics. We are also undertaking a TCFD Readiness Assessment to further expand our ESG platform.
Sustainability is a continuous improvement process and, as a critical component of Equitrans’ social license to operate, is vital for the future of our Company. We are committed to advancing sustainable practices and positioning our Company to thrive in a lower-carbon future, ensuring our operations remain safe and responsible for all generations — today and tomorrow.
Todd L. Normane
Vice President, Chief Sustainability Officer and Deputy General Counsel
Five Pillars of Sustainability
As our Core Values define who we are as a Company, our corporate sustainability framework also incorporates these values into our five sustainability pillars, which define our overall approach to sustainability.
Health and Safety Leadership
First and foremost of our corporate sustainability pillars, Health and Safety Leadership is always our top priority—above all else. For Equitrans, the safety and well-being of our employees, contractors, and community members takes precedence and we believe that the execution of our business strategy is not successful unless Zero Is Possible. We staunchly believe that workplace injuries are preventable. Everyone at Equitrans has a collective responsibility to exhibit safety leadership to realize success and, most importantly, create a workplace where Zero Is Possible. This mindset extends beyond our workplace as we are committed to supporting the safety of community members and other stakeholders.
Environmental conservation is incredibly important to Equitrans, and, together with our world-class safety culture, our Zero Is Possible mentality includes environmental protection. We strive to meet or exceed both expectations and regulatory requirements. To accomplish this, we work to incorporate sustainable practices, such as utilizing innovative technologies to enhance our emissions reduction program and optimizing our natural resource use. We continuously evaluate opportunities to improve our performance to protect the air, land, and water environments in which we operate and other areas that we could potentially impact.
Our commitment to upholding transparent corporate governance principles bolsters our stakeholders’ confidence and trust in Equitrans. This commitment is shared by our highest governance body, Equitrans’ Board of Directors, which is responsible for overseeing the management of our business activities and affairs. Our Board of Directors, acting through its committees, oversees Equitrans’ policies, programs, and strategies regarding corporate social responsibility and sustainability, including ESG matters and related risks and opportunities.
Our stakeholders provide respected insight into the operation of our business. We believe that maintaining an open, transparent, and honest dialogue with our diverse group of stakeholders enables Equitrans to better identify process gaps and implement strategies to swiftly address matters of concern. Prioritizing the issues most relevant and material to our stakeholders informs our decisions to implement additional ESG practices.
Equitrans delivers clean, affordable domestic energy; supports economic development in local communities; creates direct and indirect job opportunities; and generates tax revenue to support state and local governments, all of which positively contribute to the economy. We strive to engage with the communities in which we operate to understand the issues they face, develop solutions that support them, and pursue new opportunities to contribute to economic growth.