Archrock Publishes its 2023 Annual Sustainability Report
Archrock has released its 2023 Sustainability Report, highlighting significant achievements in safety, environmental performance, and operational excellence. The company exceeded safety targets, achieving zero Lost Time Incident Rate for the third consecutive year and winning the GPSA Excellence in Safety Award. Key accomplishments include a 19% reduction in CO2 emissions intensity, 20% investment of organic growth capex in electric drive compression, and recognition as one of America's Most Responsible Companies by Newsweek.
The report coincides with Archrock's 70th Anniversary, showcasing the company's commitment to digitization, automation, and decarbonization through innovative technology investments. The report follows SASB midstream and TCFD reporting frameworks, demonstrating Archrock's dedication to transparency and sustainability standards.
Archrock ha pubblicato il suo Rapporto di Sostenibilità 2023, mettendo in evidenza risultati significativi nella sicurezza, nelle prestazioni ambientali e nell'eccellenza operativa. L'azienda ha superato gli obiettivi di sicurezza, raggiungendo un tasso di incidenti senza tempo perso pari a zero per il terzo anno consecutivo e vincendo il premio GPSA Excellence in Safety Award. I risultati chiave includono una riduzione del 19% dell'intensità delle emissioni di CO2, un investimento del 20% del capex per la crescita organica in compressori a guida elettrica, e il riconoscimento come una delle aziende più responsabili d'America da parte di Newsweek.
Il rapporto coincide con il 70° anniversario di Archrock, dimostrando l'impegno dell'azienda verso la digitalizzazione, l'automazione e la decarbonizzazione attraverso investimenti in tecnologie innovative. Il rapporto segue i quadri di reporting SASB midstream e TCFD, dimostrando la dedizione di Archrock alla trasparenza e agli standard di sostenibilità.
Archrock ha publicado su Informe de Sostenibilidad 2023, destacando logros significativos en seguridad, desempeño ambiental y excelencia operativa. La empresa superó los objetivos de seguridad, logrando una tasa de incidentes sin tiempo perdido de cero por tercer año consecutivo y ganando el premio GPSA Excellence in Safety Award. Los logros clave incluyen una reducción del 19% en la intensidad de emisiones de CO2, una inversión del 20% del capex de crecimiento orgánico en compresores de accionamiento eléctrico, y el reconocimiento como una de las Empresas Más Responsables de América por parte de Newsweek.
El informe coincide con el 70° aniversario de Archrock, mostrando el compromiso de la empresa con la digitalización, la automatización y la descarbonización a través de inversiones en tecnología innovadora. El informe sigue los marcos de informes SASB midstream y TCFD, demostrando la dedicación de Archrock a la transparencia y a los estándares de sostenibilidad.
Archrock는 2023 지속 가능성 보고서를 발표하며 안전, 환경 성과 및 운영 우수성에서의 중요한 성과를 강조했습니다. 회사는 안전 목표를 초과 달성하였고, 3년 연속으로 사고로 인한 잃은 시간 비율을 0으로 유지하며 GPSA 안전 우수상 GPSA Excellence in Safety Award를 수상했습니다. 주요 성과로는 CO2 배출 강도의 19% 감소, 전기 구동 압축기에 대한 유기적 성장 자본 지출의 20% 투자, 그리고 뉴스위크가 선정한 미국의 가장 책임 있는 기업 중 하나로 인정받았습니다.
이 보고서는 Archrock의 70주년 기념에 맞춰 발표되었으며, 혁신 기술 투자를 통해 디지털화, 자동화 및 탈탄소화에 대한 회사의 노력을 보여줍니다. 이 보고서는 SASB 미드스트림 및 TCFD 보고 프레임워크를 따르며, Archrock의 투명성과 지속 가능성 기준에 대한 헌신을 보여줍니다.
Archrock a publié son Rapport sur la Durabilité 2023, soulignant des réalisations significatives en matière de sécurité, de performance environnementale et d'excellence opérationnelle. L'entreprise a dépassé ses objectifs de sécurité, atteignant un taux d'incidents sans temps perdu de zéro pour la troisième année consécutive et gagnant le GPSA Excellence in Safety Award. Les réalisations clés comprennent une réduction de 19 % de l'intensité des émissions de CO2, un investissement de 20 % du capex pour la croissance organique dans la compression à entraînement électrique, et la reconnaissance en tant qu'une des entreprises les plus responsables d'Amérique par Newsweek.
Ce rapport coïncide avec le 70e anniversaire d'Archrock, mettant en avant l'engagement de l'entreprise envers la numérisation, l'automatisation et la décarbonisation grâce à des investissements en technologies innovantes. Le rapport suit les cadres de reporting SASB midstream et TCFD, démontrant l'adhésion d'Archrock à la transparence et aux normes de durabilité.
Archrock hat seinen Nachhaltigkeitsbericht 2023 veröffentlicht, der bedeutende Errungenschaften in den Bereichen Sicherheit, Umweltleistung und betriebliche Exzellenz hervorhebt. Das Unternehmen hat die Sicherheitsziele übertroffen und zum dritten Mal in Folge eine verlorene Zeitverletzungsrate von null erreicht und den GPSA Excellence in Safety Award gewonnen. Zu den wichtigen Erfolgen gehören eine Reduzierung der CO2-Emissionsintensität um 19 %, eine 20%ige Investition des organischen Wachstums-Capex in elektrische Antriebskompression sowie die Anerkennung als eines der verantwortungsvollsten Unternehmen Amerikas durch Newsweek.
Der Bericht fällt mit dem 70. Jubiläum von Archrock zusammen und zeigt das Engagement des Unternehmens für Digitalisierung, Automatisierung und Dekarbonisierung durch innovative Technologieinvestitionen. Der Bericht folgt den Berichtsrahmen SASB Midstream und TCFD und zeigt Archrocks Engagement für Transparenz und Nachhaltigkeitsstandards.
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HOUSTON, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) (“Archrock” or the “Company”) today announced the publication of its 2023 Sustainability Report, providing an update on the Company’s sustainability initiatives and performance. The report is based on 2023 data and also includes certain achievements made year-to-date in 2024, underscoring the Company’s culture of continuous improvement.
2023 Sustainability Report Highlights
- Exceeded safety targets for Total Recordable Incident Rate and Preventable Vehicle Incident Rate, and delivered a zero Lost Time Incident Rate for the third consecutive year.
- Awarded the Gas Processors Suppliers Association (GPSA) Excellence in Safety Award for the 3rd time.
- Achieved a
19% year-over-year reduction in Scope 1 and Scope 2 CO2 emissions intensity compared to 2022. - Invested
20% of 2023 organic growth capex in electric drive compression horsepower, secured a minority investment in a carbon capture company and began commercializing a patent-pending methane capture technology. - In late 2023, named one of America’s Most Responsible Companies for 2024 by Newsweek magazine.
- Sustainability-focused metrics represented
20% of our short-term incentive program.
“We are excited to publish our 2023 Sustainability Report, which details efforts that we believe are essential to delivering long-term value for our stakeholders,” said Brad Childers, Archrock’s President and Chief Executive Officer. “The release coincides with the 70th Anniversary of the Company’s founding, a testament to Archrock’s legacy of adaptability. Our success would not be possible without the incredible team we have at Archrock. I want to thank our employees for enabling us to deliver the best performance in the Company’s history and for continuing to set the compression industry standard for safety, customer service and sustainability.
“As the report highlights, we are focused on innovative technology and process investments to digitize, automate and decarbonize our operating platform. From bringing methane monitoring and capture solutions to market, to our recent acquisition of TOPS, which establishes Archrock as the leader in electric motor drive compression, we are powering a cleaner America,” concluded Childers.
Archrock’s 2023 Sustainability Report continues to align with the Sustainability Accounting Standards Board (SASB) midstream and the Task Force on Climate-related Disclosures (TCFD) reporting frameworks.
About Archrock
Archrock is an energy infrastructure company with a primary focus on midstream natural gas compression and a commitment to helping its customers produce, compress and transport natural gas in a safe and environmentally responsible way. Headquartered in Houston, Texas, Archrock is a premier provider of natural gas compression services to customers in the energy industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment. To learn more about Archrock’s sustainability efforts and for more information on how Archrock embodies its purpose, WE POWER A CLEANER AMERICA™, visit www.archrock.com.
Forward-Looking Statements
All statements in this release (and oral statements made regarding the subjects of this release) other than historical facts are forward–looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Archrock, Inc. Forward-looking information includes, but is not limited to statements regarding: Archrock’s or its management’s intentions, beliefs, expectations or predictions for the future related to Archrock’s ESG initiatives and potential benefits thereof; Archrock’s expectations regarding future economic, geopolitical and market conditions and trends; Archrock’s operational and financial strategies, including planned growth, coverage and leverage reduction strategies, Archrock’s ability to successfully effect those strategies and the expected results therefrom; Archrock’s development and deployment of new technologies and the expected results therefrom; Archrock’s financial and operational outlook; demand and growth opportunities for Archrock’s services; structural and process improvement initiatives, the expected timing thereof, Archrock’s ability to successfully effect those initiatives and the expected results therefrom; the operational and financial synergies provided by Archrock’s size; Archrock’s ability to integrate new products and services into its business and offer them to its customers.
While Archrock believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: challenges, assumptions, and methodological considerations associated with Archrock’s various aspirations and efforts regarding sustainability and emissions management; conditions in the oil and gas industry, including a sustained decrease in the level of supply or demand for oil or natural gas or a sustained decrease in the price of oil or natural gas; changes in economic conditions in key operating markets; impacts of world events; the financial condition of Archrock’s customers; the failure of any customer to perform its contractual obligations; changes in safety, health, environmental and other regulations; and the effectiveness of Archrock’s control environment, including the identification of control deficiencies.
These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties described in Archrock’s Annual Report on Form 10-K for the year ended December 31, 2023 and those set forth from time to time in Archrock’s filings with the Securities and Exchange Commission, which are available at www.archrock.com. Except as required by law, Archrock expressly disclaims any intention or obligation to revise or update any forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE: Archrock, Inc.
For information, contact:
| Archrock, Inc. | |
| INVESTORS Megan Repine VP of Investor Relations 281-836-8360 investor.relations@archrock.com | |
| MEDIA Andrew Siegel / Jed Repko Joele Frank 212-355-4449 |
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