Home Offshore Energy Noble Energy Releases Its 2019 Sustainability Report – Increases Transparency and Incorporates...

Noble Energy Releases Its 2019 Sustainability Report – Increases Transparency and Incorporates the Sustainability Accounting Standards Board Standards

Noble Energy, published its 2019 Sustainability Report today, demonstrating strong results in the Company’s focus areas of improving environmental and climate performance, protecting health and safety and making a positive impact on the communities where its employees live and work.

David L. Stover, Noble Energy’s Chairman and Chief Executive Officer, stated, “I am proud to present Noble Energy’s 2019 Sustainability Report. It is meaningful to publish this ninth annual report during a pandemic that powerfully underscores how essential it is for companies to be managed sustainably, prudently and responsively. With active oversight from the Safety, Sustainability and Corporate Responsibility Committee of our Board of Directors, we’ve continued to progress the Company’s environmental, social and governance initiatives. Through our continuous-improvement efforts in 2019, we achieved significant progress in the areas of emissions, safety and surface impact, and we remain focused on advancing our sustainability culture in 2020.”

To increase transparency and respond to feedback from stakeholders, Noble Energy integrated the Sustainable Accounting Standards Board (SASB) framework into the Company’s sustainability assessment, performance and reporting along with IPIECA and GRI standards. The Company also mapped its ESG and sustainability priorities to the United Nations Sustainable Development Goals (SDGs) for the first time in this report.

The 2019 Sustainability Report highlights numerous noteworthy accomplishments, including:

  • Reduced global greenhouse gas emissions intensity by 12% through investment in technologies and best practices that include leak detection and repair (LDAR) programs in the U.S. Onshore business and transfer of this best practice to Israel, where the Company conducted LDAR campaigns at both the Tamar platform and Ashdod Onshore Terminal.
  • Eliminated more than 90% of greenhouse gas emissions and more than 95% of surface impact in the Mustang area of Colorado through the Company’s newest, innovative, tankless production facilities.
  • Decreased flaring by 50% in the Permian Basin through initiatives that include row development, construction of two electrical substations that power most of the Company’s field operations, and installation of central gathering facilities that can accommodate peak production from new wells.
  • Delivered first gas from the Leviathan project offshore Israel, which further diversified the Company’s assets, will enable Israel to meet its goal of being coal free by 2025, and underpins stability and economic growth for the Eastern Mediterranean Region.
  • Improved the Company’s total recordable incident rate (TRIR) by 26%, achieved record safety performance onshore and world-record drilling efficiency in the DJ Basin through a renewed emphasis on “safe and efficient operations” and a mobile app that enables employees to proactively share any observed potential hazard.
  • Contributed more than $9.8 million to the health, education and improvement of our communities, which includes supporting human rights through organizations focused on human trafficking.

Learn more about Noble Energy’s sustainability investments and performance in the 2019 Sustainability Report.

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