Keyera Shows Emissions Reduction Progress of 12% in 2021 ESG Report
CALGARY, AB, Sept. 7, 2022 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera") announced today the release of its 2021 environmental, social and governance (ESG) report. This report further demonstrates the company's efforts to provide transparency regarding its continued strong environmental stewardship, social responsibility, and corporate governance as it continues to meet the growing demand for responsibly-produced energy.
"Advancing Keyera's ESG performance is critical to our success – it helps us unlock opportunities, manage risk, and become a more profitable and resilient organization over the long-term," said Dean Setoguchi, Keyera's President and Chief Executive Officer. "We remain committed to being a sustainable business - focused on human, environmental and financial implications. As a natural gas-based business, we play a critical role in providing safe, dependable, and sustainable energy solutions."
ESG report highlights:
Keyera has made significant progress in delivering its ESG commitments by building on its robust corporate governance, setting and progressing concrete greenhouse gas targets, and leveraging its strength in industry collaboration.
Environment:
- Reduced emissions intensity by approximately 12 per cent since 2019, driven primarily by completion of optimization efforts in its Gathering & Processing business and investments in operational and emissions efficiencies. This is in alignment with Keyera's targets to reduce GHG intensity of 25 per cent by 2025 and 50 per cent by 2035.
- Advanced a low-carbon hub strategy in the Alberta Industrial Heartland through innovative commercial relationships with multi-national industry partners. The low-carbon hub strategy would support reduction of Keyera's emissions and provide cost-competitive decarbonization services to its customers.
Social:
- Made strong advances in gender equity by achieving 50 per cent gender parity on its senior executive team in 2022.
- Initiated the development of an Indigenous Reconciliation Action Plan, utilizing external practitioners and input from Indigenous advisors.
- Contracted 60 Indigenous-owned or affiliated businesses for the KAPS Pipeline project, totaling $114 million of construction services contracts.
Governance:
- Created a new Governance & Sustainability Committee of Keyera's Board of Directors to enhance oversight of ESG matters.
- Achieved 36 per cent female representation on the Board in 2022.
Looking ahead, Keyera will continue to generate long-term shareholder value while maintaining focus on its energy transition strategy, meaningfully contributing to Indigenous Reconciliation, and advancing a culture committed to its people and continuous improvement.
The full ESG report is available as a downloadable PDF: Sustainability | Keyera Corp.
Keyera is committed to providing stakeholders with transparent, decision useful ESG disclosures and this report aligns to the SASB Standards and guidance from the International Petroleum Industry Environmental Conservation Association (IPIECA).
Additional Information
Investor inquiries:
Dan Cuthbertson, Director, Corporate Development & Investor Relations
Calvin Locke, Manager, Investor Relations
Rahul Pandey, Senior Advisor, Investor Relations
Email: [email protected]
Telephone: 403.205.7670
Toll free: 888.699.4853
Media inquiries:
Kirsten Bell, Director, Stakeholder Communications
Terry Cunha, Advisor, Media Relations
Email: [email protected]
Telephone: 587.496.8092
About Keyera
Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage, and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.
Forward-Looking Statements
In order to provide readers with information regarding Keyera, including its assessment of future plans and operations, its financial outlook and future prospects overall, this press release contains certain statements that constitute "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking information"). Forward-looking information is typically identified by words such as "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "plan", "intend", "believe", and similar words or expressions, including the negatives or variations thereof. All statements other than statements of historical fact contained in this document are forward-looking statements.
All forward-looking information reflects Keyera's beliefs and assumptions based on information available at the time the applicable forward-looking information is made and in light of Keyera's current expectations. Forward-looking information does not guarantee future performance. Management believes that its assumptions and expectations reflected in the forward-looking information contained herein are reasonable based on the information available on the date such information is provided and the process used to prepare the information. However, it cannot assure readers that these expectations will prove to be correct. All forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, events, levels of activity and achievements to differ materially from those anticipated in the forward-looking information.
Readers are cautioned that they should not unduly rely on the forward-looking information included in this press release. Further, readers are cautioned that the forward-looking information contained herein is made as of the date of this press release. Unless required by law, Keyera does not intend and does not assume any obligation to update any forward-looking information. All forward-looking information contained in this press release is expressly qualified by this cautionary statement.
Further information about the assumptions, risks, uncertainties and other factors affecting the forward-looking information contained in this press release is available in filings made by Keyera with Canadian provincial securities commissions, including under "Forward-Looking Statements" in Keyera's management's discussion and analysis for the year ended December 31, 2021 and for the period ended June 30, 2022 and in Keyera's Annual Information Form for the year ended December 31, 2021, each of which is available on the company's SEDAR profile at www.sedar.com.
SOURCE Keyera Corp.
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