Crestwood Advances Its ESG Commitment and Sustainability Strategy with the Publication of Its 2019 Sustainability Report
Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood” or “CEQP”) announced today the publication of its 2019 sustainability report furthering its commitment to building an MLP industry leading sustainability program. The report entitled Embracing a Culture of Sustainability, provides enhanced transparency on Crestwood’s environmental, social and governance (ESG) performance, and for the first time it includes multi-year trend data and analysis. Crestwood also highlights the progression on its three-year sustainability strategy as it continues to integrate sustainability into every aspect of its diversified midstream energy business. The 2019 sustainability report is available at https://esg.crestwoodlp.com.
“Crestwood is proud to issue its second annual sustainability report demonstrating our pledge to build a sustainable midstream energy company based on a best-in-class approach to environmental stewardship, safety, diversity and inclusion and community engagement,” said Robert G. Phillips, Chairman, President and Chief Executive Officer of Crestwood’s general partner. “In the midst of the current COVID-19 global pandemic, Crestwood remains even more committed to sustainability as the foundation of how we manage our business. We are working to mitigate the short-term ESG impacts of COVID-19 on our employees, contractors, customers and business partners, while we remain focused on continued development of our long-term sustainability strategy. As an ESG leader in the midstream energy industry, Crestwood will rely on its sustainability principles to adapt to the post-COVID-19 requirements, manage business risks through these unprecedented market conditions, deliver solid financial and operational results and generate long-term value for all of our stakeholders.”
The 2019 sustainability report focuses on Crestwood’s performance during the 2019 calendar year and, as a result, does not cover its robust response to the COVID-19 pandemic. However, in the face of these challenges, Crestwood’s business strategy is to preserve liquidity and financial flexibility in order to navigate the company through the down-cycle created by COVID-19. In response to the pandemic, Crestwood took proactive measures and implemented enhanced health and safety initiatives for its employees and contractors and established a multidisciplinary pandemic management team to coordinate its efforts. Crestwood has taken steps to protect employees, contractors and communities as the company does its part to help prevent the spread of COVID-19, while keeping all business functions fully operational and continuing to provide reliable and safe services to its customers.
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