Phillips 66 Releases 2020 Sustainability Report
15 June 2020
Phillips 66 has published its 2020 Sustainability Report titled “Greater Good,” making it digitally available to employees, communities and investors at www.phillips66.com/Sustainability.
This year’s report builds on the company’s previous disclosures, proactively sharing Phillips 66’s 2019 performance across its four sustainability focus areas of operating excellence, environmental stewardship, social responsibility and financial performance.
The report now includes a chapter on climate change and a Task Force for Climate-related Financial Disclosures (TCFD) analysis. “Greater Good” uses the Sustainability Accounting Standards Board (SASB) issue categories for the midstream and refining and marketing industries and adds a SASB content index for easy reference. Also new this year are expanded metrics and stories that show how Phillips 66 employees work for the greater good. Across Phillips 66’s sustainability focus areas, the report includes:
Operating Excellence: Phillips 66 consistently achieves industry leading safety performance. The American Fuel and Petrochemical Manufacturers Association recently awarded five of its nine total Distinguished Safety Awards to Phillips 66 operated refineries for 2019 performance.
Environmental Stewardship: “Greater Good” features expanded data reporting from prior reports, including additional water and energy usage metrics and expanded coverage of our biodiversity and conservation programs.
Social Responsibility: Phillips 66 was recognized by Forbes as one of “America’s Best Employers” in 2019. Almost half of our employees have been with the company since its start, and approximately 30% have more than 15 years industry experience. Additionally, included case studies highlight our external relationships and engagement.
Financial Performance: Phillips 66 delivered earnings of USD $3.1 billion in 2019 and returned USD $3.2 billion to shareholders through dividends and share repurchases.
Courtesy of Phillips 66.