Climate Change and Environmental Efforts | Hess Corporation
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Climate Change and Energy

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Climate change is a global challenge that requires government, business leaders and civil society to work together on cost-effective policy responses that recognize the vital role safe, affordable and reliable energy plays in ensuring human welfare, economic growth and security.

Our clean water and sanitation; food production and storage; lighting, heating and cooling; transportation and defense systems depend predominantly on abundant, affordable and secure supplies of oil and natural gas. Oil and natural gas also serve as feedstock for thousands of products on which modern society relies – products such as medical devices, pharmaceuticals, clothing and building materials – and provide jobs and revenues critical to supporting economies around the world.

At Hess, we understand that oil and natural gas are essential to meet the world’s growing energy demand, and we are committed to developing these resources in an environmentally responsible and sustainable manner. Our environment, health, safety and social responsibility strategy addresses climate change and the actions we can undertake to control and reduce our carbon footprint. We have established targets to reduce greenhouse gas emissions intensity by 25 percent and flaring intensity by 50 percent, for the current portfolio of assets we operate, by 2020 (versus a 2014 emissions baseline). Sustainability risks, including climate change, are examined by our Board of Directors and taken into account in formulating our company strategy.


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Transparency

Hess has consistently been recognized as a leader in the oil and gas industry for our disclosure and transparency relating to sustainability, and we remain committed to our goal of top-quartile performance in this regard. In addition to preparing this sustainability report in accordance with the Global Reporting Initiative’s G4 Core reporting level, we participate in a number of voluntary initiatives related to climate change disclosure. In 2016 we were recognized on the prestigious CDP Global Climate List as a leader in addressing climate change-related risks and opportunities. Hess earned leadership status, the highest category, and was among the top-ranking energy producers on the list. Also, for the seventh consecutive year we were included in the Dow Jones Sustainability Index North America, which highlights public companies with outstanding performance across economic, environmental and social factors, including those related to climate change.

Our CDP responses contain more detailed information on the company’s climate change-related risks and opportunities.

 

 

Hess Greenhouse Gas Inventory Protocol

The Hess Greenhouse Gas (GHG) Protocol identifies and describes the processes and methodologies Hess uses to calculate the Hess GHG inventory and ensure its reliability and validity.

The GHG also establishes a set of acknowledged conventions and practices for the identification of GHG sources and supports the creation of a robust data collection system that ensures consistency, comparability and transparency in the GHG inventory.

Read the Hess Greenhouse Gas Inventory Protocol