|By PR Newswire||
|September 3, 2014 04:30 PM EDT||
HOUSTON, Sept. 3, 2014 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) has launched its 2014 Sustainability Report website.
The online report features expanded disclosure of Apache's performance in governance, economics, environmental stewardship, health and safety in the workplace and community outreach. The report is available at http://www.apachecorp.com/Sustainability/index.aspx.
"The relentless pursuit of operational excellence has been a hallmark of Apache since its founding in 1954," said Apache Chairman, CEO and President G. Steven Farris. "Our commitment to the environment, good governance, health and safety and the communities where we live and work is no less emphatic."
Among the highlights, the report:
- Discusses in the Governance Section how governance hit a high-water mark in 2013 when members of Apache's Board of Directors had individual meetings with nearly 60 percent of its shareholder base, addressing compensation and other issues and resulting in many state-of-the-art additions to the company's governance profile.
- Describes how Apache has developed a unique system using brackish and recycled produced water to maintain an aggressive drilling program without competing for freshwater supplies in drought-stricken West Texas in the Environment Section.
- Outlines the new Operational Excellence program, which introduces a common framework across regions for improving performance in seven key areas of operation, including asset integrity, safety and environmental responsibility in the Workplace Section.
- Describes in the Society Section how employees and their families donate their time, effort and money to hundreds of charitable causes each year, with matching gift funds totaling $2.4 million worldwide.
The 2014 report was prepared using the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines. GRI is a non-profit organization that promotes economic, environmental and social sustainability. Its comprehensive sustainability reporting framework is widely used around the world.
Also used as a reference was the Oil and Gas Industry Guidance on Voluntary Sustainability Reporting by the International Petroleum Industry Environmental Conservation Association (IPIECA), the American Petroleum Institute (API) and the International Association of Oil & Gas Producers (OGP).
Another reference was Extracting the Facts: An Investor Guide to Disclosing Risks from Hydraulic Fracturing Operations published by the Investor Environmental Health Network (IEHN) and the Interfaith Center on Corporate Responsibility (ICCR).
A summary version of the 2014 Sustainability Report, published in print format, is available at http://www.apachecorp.com/Sustainability/Sustainability_Report/index.aspx. The summary report was printed on paper made from recycled material and certified by the Forest Stewardship Council, an independent, nonprofit organization established to promote the responsible management of the world's forests.
Apache Corporation is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom and Australia. Apache posts announcements, operational updates, investor information and copies of all press releases on its website, www.apachecorp.com, and on its Media and Investor Center mobile application, which is available for free download from the Apple App Store and the Google Play Store.
SOURCE Apache Corporation
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