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Marathon Petroleum Corp. and MPLX LP Publish New Sustainability Report and TCFD-Aligned Climate Perspectives Report

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Marathon Petroleum (NYSE:MPC) and MPLX LP (NYSE:MPLX) have released two joint reports detailing their sustainability efforts. The Sustainability Report and Perspectives on Climate-Related Scenarios report highlight the companies' progress in reducing greenhouse gas emissions, lowering fuel carbon intensity, and strengthening safety culture.

Key achievements include:

  • MPC is extending its Scope 1 and 2 GHG emissions intensity reduction target to 38% by 2035 from 2014 levels
  • MPLX has achieved a 57% reduction in methane emissions intensity by the end of 2023
  • Both companies are focusing on safety, community engagement, and workforce development

CEO Maryann Mannen emphasizes the critical role of sustainability in the companies' long-term success and their commitment to becoming better organizations.

Marathon Petroleum (NYSE:MPC) e MPLX LP (NYSE:MPLX) hanno pubblicato due rapporti congiunti che illustrano i loro sforzi in materia di sostenibilità. Il Rapporto sulla Sostenibilità e il rapporto Prospettive sugli Scenari Relativi al Clima evidenziano i progressi delle aziende nella riduzione delle emissioni di gas serra, nella diminuzione dell'intensità di carbonio dei combustibili e nel rafforzamento della cultura della sicurezza.

I principali risultati includono:

  • MPC sta estendendo il suo obiettivo di riduzione dell'intensità delle emissioni GHG di Area 1 e 2 al 38% entro il 2035 rispetto ai livelli del 2014
  • MPLX ha raggiunto una riduzione del 57% dell'intensità delle emissioni di metano entro la fine del 2023
  • Entrambe le aziende si concentrano sulla sicurezza, sul coinvolgimento della comunità e sullo sviluppo della forza lavoro

Il CEO Maryann Mannen evidenzia il ruolo fondamentale della sostenibilità nel successo a lungo termine delle aziende e il loro impegno a diventare organizzazioni migliori.

Marathon Petroleum (NYSE:MPC) y MPLX LP (NYSE:MPLX) han publicado dos informes conjuntos que detallan sus esfuerzos de sostenibilidad. El Informe de Sostenibilidad y el informe Perspectivas sobre Escenarios Relacionados con el Clima destacan los avances de las empresas en reducción de emisiones de gases de efecto invernadero, disminución de la intensidad de carbono de los combustibles y fortalecimiento de la cultura de seguridad.

Los logros clave incluyen:

  • MPC está ampliando su objetivo de reducción de la intensidad de emisiones de GHG de Alcance 1 y 2 al 38% para 2035 con respecto a los niveles de 2014
  • MPLX ha logrado una reducción del 57% en la intensidad de las emisiones de metano para finales de 2023
  • Ambas empresas están enfocándose en la seguridad, la participación comunitaria y el desarrollo de la fuerza laboral

La CEO Maryann Mannen enfatiza el papel crítico de la sostenibilidad en el éxito a largo plazo de las empresas y su compromiso de convertirse en mejores organizaciones.

마라톤 석유(Marathon Petroleum) (NYSE:MPC)와 MPLX LP (NYSE:MPLX)는 지속 가능성 노력을 상세히 설명하는 두 개의 공동 보고서를 발표했습니다. 지속 가능성 보고서기후 관련 시나리오에 대한 관점 보고서는 두 회사의 온실가스 배출 감소, 연료 탄소 집약도 감소 및 안전 문화 강화에 대한 진전을 강조합니다.

주요 성과는 다음과 같습니다:

  • MPC는 2014년 대비 2035년까지 GHG 배출 집약도 감소 목표를 38%로 연장하고 있습니다.
  • MPLX는 2023년 말까지 메탄 배출 집약도를 57% 감소시켰습니다.
  • 두 회사는 안전, 지역사회 참여 및 인력 개발에 집중하고 있습니다.

CEO 마리안 매넨(Maryann Mannen)은 지속 가능성이 회사의 장기 성공에 중대한 역할을 한다고 강조하며, 더 나은 조직이 되기 위한 의지를 밝힙니다.

Marathon Petroleum (NYSE:MPC) et MPLX LP (NYSE:MPLX) ont publié deux rapports conjoints détaillant leurs efforts en matière de durabilité. Le Rapport de Durabilité et le rapport Perspectives sur les scénarios liés au climat mettent en avant les progrès des entreprises dans la réduction des émissions de gaz à effet de serre, la diminution de l'intensité carbone des carburants et le renforcement de la culture de sécurité.

Les principales réalisations incluent :

  • MPC prolonge son objectif de réduction de l'intensité des émissions de GES des portées 1 et 2 à 38 % d'ici 2035 par rapport aux niveaux de 2014
  • MPLX a atteint une réduction de 57 % de l'intensité des émissions de méthane d'ici fin 2023
  • Les deux entreprises se concentrent sur la sécurité, l'engagement communautaire et le développement de la main-d'œuvre

La PDG Maryann Mannen souligne le rôle essentiel de la durabilité dans le succès à long terme des entreprises et leur engagement à devenir de meilleures organisations.

Marathon Petroleum (NYSE:MPC) und MPLX LP (NYSE:MPLX) haben zwei gemeinsame Berichte veröffentlicht, die ihre Nachhaltigkeitsanstrengungen detailliert darstellen. Der Nachhaltigkeitsbericht und der Bericht Perspektiven zu klimabezogenen Szenarien heben die Fortschritte der Unternehmen bei der Reduzierung der Treibhausgasemissionen, der Senkung der Kohlenstoffintensität von Brennstoffen und der Stärkung der Sicherheitskultur hervor.

Wichtige Erfolge sind:

  • MPC verlängert sein Ziel zur Reduzierung der Treibhausgasemissionsintensität der Bereiche 1 und 2 auf 38% bis 2035 im Vergleich zu den Werten von 2014
  • MPLX hat bis Ende 2023 eine Reduzierung der Methanemissionsintensität um 57% erreicht
  • Beide Unternehmen konzentrieren sich auf Sicherheit, Community-Engagement und die Entwicklung der Belegschaft

CEO Maryann Mannen betont die entscheidende Rolle der Nachhaltigkeit für den langfristigen Erfolg der Unternehmen und ihr Engagement, bessere Organisationen zu werden.

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NORTHAMPTON, MA / ACCESSWIRE / August 15, 2024 / Marathon Petroleum Corporation (NYSE:MPC) and its midstream affiliate MPLX LP (NYSE:MPLX) have published two joint reports that provide details on the companies' efforts to advance their sustainability as the energy industry continues to evolve.

The companies' Sustainability Report and Perspectives on Climate-Related Scenarios report highlight MPC's and MPLX's recent accomplishments and progress in strengthening their resilience, innovating for the future, embedding sustainability in their decision-making, and addressing the risks and opportunities inherent in the energy industry's evolution.

The Sustainability Report provides insight into the companies' progress on greenhouse gas emissions reductions; lowering the carbon intensity of their fuels; reinforcing a strong safety culture; cultivating an engaged and energized workforce; engaging with communities; board oversight and risk management; and strong compliance and ethics programs, among other topics. The Perspectives on Climate-Related Scenarios publication - MPC's and MPLX's eighth annual report aligned with the Task Force on Climate-Related Financial Disclosures framework - details the companies' analysis of strategic risks and opportunities within the energy landscape.

"At MPC and MPLX, we have long recognized that sustainability is critical to long-term success in our ever-changing industry," said President and Chief Executive Officer Maryann Mannen. "This encompasses our responsibilities to minimize our environmental footprint, invest in the communities where we operate, and foster an inclusive culture in our workplaces. And, as we seek to maintain and advance our sustainability efforts, nothing is more important than the safety of our people and our neighbors. By embedding safety into our daily work, we invest in the longevity and sustainability of our industry."

While the two reports have different focuses, both reports also emphasize common themes. For example, the reports highlight the companies' time-bound, realistic GHG emissions reduction goals, including a 30% reduction of Scope 1 and 2 GHG emissions intensity by 2030 from 2014 levels. Because MPC is on track to reach the goal prior to 2030, the company is extending this target to a 38% reduction from 2014 levels by 2035. Similarly, MPLX has made significant progress on its methane emissions intensity goal of a 75% reduction of its Gathering and Processing segment methane emissions intensity by 2030 from 2016 levels. By the end of 2023, MPLX had achieved a 57% reduction.

"Our people have enabled us to accomplish so much, and we have ambitious goals that inspire our continued progress," said Mannen. "I'm optimistic about what the future holds for Marathon Petroleum and MPLX, and our sustainability-driven approach supports our relentless commitment to be a better company."

Sustainability Report

2024 Climate Related Perspectives

View additional multimedia and more ESG storytelling from Marathon Petroleum Corporation on 3blmedia.com.

Contact Info:
Spokesperson: Marathon Petroleum Corporation
Website: https://www.3blmedia.com/profiles/marathon-petroleum-corporation
Email: info@3blmedia.com

SOURCE: Marathon Petroleum Corporation



View the original press release on accesswire.com

FAQ

What are the key sustainability goals announced by Marathon Petroleum (MPC) in their 2024 report?

Marathon Petroleum (MPC) announced an extended target of 38% reduction in Scope 1 and 2 GHG emissions intensity by 2035 from 2014 levels. They are on track to reach their initial 30% reduction goal before 2030.

How much progress has MPLX made on its methane emissions reduction goal?

MPLX has achieved a 57% reduction in methane emissions intensity by the end of 2023, progressing towards their goal of a 75% reduction in their Gathering and Processing segment methane emissions intensity by 2030 from 2016 levels.

What sustainability reports did Marathon Petroleum (MPC) and MPLX publish in 2024?

In 2024, Marathon Petroleum (MPC) and MPLX published two joint reports: a Sustainability Report and a Perspectives on Climate-Related Scenarios report, which is aligned with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.

What does Marathon Petroleum (MPC) consider critical for long-term success in the energy industry?

According to CEO Maryann Mannen, Marathon Petroleum (MPC) considers sustainability critical for long-term success in the ever-changing energy industry. This includes minimizing environmental footprint, investing in communities, fostering an inclusive culture, and prioritizing safety.

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