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Kinder Morgan Issues 2021 Environmental, Social and Governance Report
Rhea-AI Impact
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Rhea-AI Summary
Kinder Morgan, Inc. (NYSE: KMI) released its 2021 Environmental, Social and Governance (ESG) report three months earlier than usual, enhancing stakeholder access to ESG data. Key features include new metrics on community engagement, property tax payments, and employee training for females and minorities. The updated report aligns with the Task Force on Climate-related Financial Disclosures and includes comprehensive data on Scope 1 and Scope 2 greenhouse gas emissions. This proactive approach reflects KMI's commitment to transparency and responsible operations.
Positive
Publication of the ESG report three months earlier than previous years.
Introduction of new metrics related to community engagement and diversity training.
Alignment with Task Force on Climate-related Financial Disclosures guidelines.
Detailed disclosure of greenhouse gas emissions and intensity.
Negative
None.
Report provides ESG data three months sooner than previous years
HOUSTON--(BUSINESS WIRE)--
Kinder Morgan, Inc. (NYSE: KMI) announced today the publication of its 2021 Environmental, Social and Governance (ESG) report. This report is being issued three months earlier than in prior years to provide stakeholders earlier access to the company’s ESG information. The 2021 report includes a new section describing KMI’s programs related to community engagement on energy and environmental justice. It also provides new metrics detailing the amount the company pays in property taxes each year and the percentage of female and minority employees who completed leadership training. An updated scenario analysis, that aligns with the Task Force on Climate-related Financial Disclosures guidelines, is now available as well as company-wide Scope 1 and Scope 2 greenhouse gas (GHG) emissions and emissions intensity. The emissions data includes both operational control and equity share, two types of reporting boundaries that are used to disclose GHG data.
“We are pleased to be publishing our report three months earlier than usual,” said KMI’s Chief Operating Officer James Holland. “Not only were we able to accomplish our goal of achieving this earlier publication date, but we also built on our prior year’s report by adding new metrics related to KMI’s social and environmental initiatives in 2021. This coverage further enhances our report, and along with our continued disclosure of emissions and emission sources, reflects Kinder Morgan’s continued commitment to transparent and responsible operations.”
The 2021 ESG report is available on the KMI website on the ESG Reports page. In addition, an updated presentation with information from the 2021 ESG report is available on the Events and Presentations page on the investor relations section of the KMI website.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 141 terminals, and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, renewable fuels, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, renewable fuel feedstock, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
What is the significance of Kinder Morgan's early ESG report publication for 2021?
Kinder Morgan's early publication of its 2021 ESG report enhances stakeholder access to important environmental data and showcases its commitment to transparency.
What new metrics were included in Kinder Morgan's 2021 ESG report?
The 2021 ESG report includes new metrics on community engagement, property tax payments, and the percentage of female and minority employees completing leadership training.
How does Kinder Morgan's 2021 ESG report align with climate-related guidelines?
The report aligns with the Task Force on Climate-related Financial Disclosures, providing updated scenario analyses and detailed greenhouse gas emissions data.
Where can I find Kinder Morgan's 2021 ESG report?
The 2021 ESG report is available on Kinder Morgan's website under the ESG Reports section.
What does Kinder Morgan's 2021 ESG report reflect about its business practices?
The report reflects Kinder Morgan's commitment to responsible operations and transparency in environmental, social, and governance initiatives.
