Kinder Morgan Issues 2023 Sustainability Report

Rhea-AI Summary

Kinder Morgan (NYSE: KMI) has released its 2023 Sustainability Report, highlighting progress in key areas:

• 8% reduction in absolute methane emissions from 2021
• 35% female and minority participation in leadership training programs
• Improved board diversity to 31% with the addition of Amy Chronis

The report introduces the new greenhouse gas reduction opportunities working group (GROW), focusing on identifying and evaluating additional GHG emission reduction opportunities. Enhanced disclosures include methane emission measurement technologies, GHG reduction strategy, and supplier diversity practices. New metrics cover employee tenure by gender and hazardous waste management. KMI's COO, James Holland, emphasized the company's commitment to aligning business operations with sustainability and diversity initiatives that add value.

Report reflects new and expanded disclosures regarding methane emissions, evaluation of greenhouse gas reduction opportunities, and diversity initiatives

HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc. (NYSE: KMI) announced today the publication of its 2023 Sustainability Report.

The report highlights KMI’s progress on its continued improvement of sustainability programs including:

• Reducing absolute methane emissions by 8% from 2021
• A female and minority participation rate of 35% in leadership training programs in 2023
• Improving total gender and minority diversity of the KMI board to 31%, with the addition of Amy Chronis

Also discussed in the report is KMI’s new greenhouse gas (GHG) reduction opportunities working group (GROW), which is a cross-functional group established to focus on identifying and evaluating additional GHG emission reduction opportunities throughout KMI’s business over time. The 2023 report includes enhanced disclosure regarding methane emission measurement and detection technologies, the company’s GHG emission reduction strategy and its practices to foster diversity among its suppliers and the leadership team. The 2023 report also discloses new metrics, including average employee tenure by gender and data regarding the generation and recycling of state-designated and universal hazardous waste.

“We continue to take steps to align our business operations with sustainability and diversity initiatives that add value,” said KMI’s Chief Operating Officer James Holland. “We are pleased to report on our continued progress, as well as a number of new metrics, and we were fortunate to have Amy Chronis join KMI’s board of directors earlier this year with her notable financial, leadership and sustainability expertise.”

The 2023 Sustainability Report is available on the KMI website on the Sustainability Reports page. In addition, a presentation with information from the 2023 Sustainability Report is available on the Events and Presentations page of 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 79,000 miles of pipelines, 139 terminals, 702 billion cubic feet of working natural gas storage capacity and have renewable natural gas generation capacity of approximately 6.1 Bcf per year with an additional 0.8 Bcf in development. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO₂, renewable fuels and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, jet fuel, chemicals, metals, petroleum coke, and ethanol and other renewable fuels and feedstocks. Learn more about our work advancing energy solutions on the “Safety & Environment – Lower Carbon Initiatives” page at www.kindermorgan.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240718094593/en/

Kinder Morgan Contacts

Media Relations

Amy Baek

(713) 420 -4644

newsroom@kindermorgan.com

Investor Relations

(800) 348-7320

km_ir@kindermorgan.com

www.kindermorgan.com

Source: Kinder Morgan, Inc.

FAQ

What are the key highlights of Kinder Morgan's 2023 Sustainability Report?

Kinder Morgan's 2023 Sustainability Report highlights an 8% reduction in absolute methane emissions from 2021, 35% female and minority participation in leadership training programs, and improved board diversity to 31%. It also introduces the GROW initiative for GHG emission reduction opportunities.

How has Kinder Morgan (KMI) improved its board diversity in 2023?

Kinder Morgan improved its total gender and minority diversity on the board to 31% with the addition of Amy Chronis, who brings financial, leadership, and sustainability expertise to the company.

What new disclosures are included in Kinder Morgan's 2023 Sustainability Report?

The 2023 report includes enhanced disclosures on methane emission measurement and detection technologies, KMI's GHG emission reduction strategy, practices to foster supplier diversity, and new metrics on average employee tenure by gender and hazardous waste management.

What is the GROW initiative mentioned in Kinder Morgan's 2023 Sustainability Report?

GROW (greenhouse gas reduction opportunities working group) is a cross-functional group established by Kinder Morgan to focus on identifying and evaluating additional GHG emission reduction opportunities throughout the company's business over time.

How much did Kinder Morgan (KMI) reduce its methane emissions in 2023?

According to the 2023 Sustainability Report, Kinder Morgan reduced its absolute methane emissions by 8% from 2021 levels.