Hess Corporation has earned leadership status, the highest category, on the prestigious CDP Global Climate List. Companies on the list received high scores across four levels of assessment in the advancement of environmental stewardship. Hess was among the top-ranking energy producers on the list. CDP is an international non-profit group seeking to drive sustainable economies. This year, on behalf of 827 investors who represent $100 trillion in assets, thousands of companies representing approximately 60% of global market capitalization submitted disclosures to CDP.
“We are proud to be included in the Global Climate List and recognized as a leader in addressing climate-related risks and opportunities,” said Alex Sagebien, Vice President, Environmental, Health and Safety for Hess. “Hess is committed to helping meet the world’s growing energy needs in a safe, environmentally responsible, socially sensitive and profitable way.”
CDP has adopted a new scoring methodology that uses a four-step approach to measure a company’s progress in addressing environmental issues: disclosure and transparency in responses, awareness of climate-related issues and risks, management through implementation of actions, policies and strategies, and leadership in which a company has taken steps and represents best practice in the field of environmental management. More information about the 2016 CDP Climate Change scoring methodology can be found at: https://www.cdp.net/Documents/Guidance/2015/CDP-climate-change-scoring-methodology.pdf
Earlier this year, for the seventh consecutive year, Hess was included in the Dow Jones Sustainability Index (DJSI) North America, which highlights public companies for outstanding performance across economic, environmental and social factors. Hess was also included in the Corporate Responsibility Magazine’s 100 Best Corporate Citizens for the ninth consecutive year, ranking as the top oil and gas company for the third consecutive year, and earned Newsweek’s Green Ranking for the seventh time.