Chevron Releases 2018 Corporate Responsibility Report Highlights
- 100 percent score on the Human Rights Campaign Corporate Equality Index
- Best year on record in health, environment and safety
- 25 percent reduction in fresh water withdrawn by Upstream since 2014
SAN RAMON, Calif., May 28, 2019 – Chevron Corporation (NYSE: CVX) today published its 2018 Corporate Responsibility Report Highlights focusing on the company’s achievements in environmental, social and governance performance.
“We are in the business of progress, and our work helps billions of people achieve better living standards, access to education, longer and healthier lives, and social and economic opportunities,” said Chevron’s Chairman and CEO Michael Wirth. “This report highlights how we do business the right and responsible way to provide the affordable, reliable and ever-cleaner energy essential to enabling human progress around the world.”
This year, Chevron’s corporate responsibility reporting emphasizes environmental, social and governance (ESG) issues of interest to its stakeholders — investors, customers, host governments, local communities and employees. It details Chevron’s actions to engage its diverse workforce; manage risks, including climate change; keep people healthy and safe; protect the environment; and respect human rights. In addition, the report describes how Chevron’s work and investments contribute to the United Nations Sustainable Development Goals (SDGs) to overcome poverty, protect the planet, and promote peace and prosperity.
Chevron partners with thousands of business, government and nonprofit organizations to expand health, education and economic development in the communities where it operates. To further promote prosperity in these communities, Chevron has spent $154 billion on goods and services and more than $1 billion on social investments globally in the past five years.
Additional highlights from the report include:
- Establishing greenhouse gas emissions performance measures, targeting a 20 to 25 percent reduction in methane emissions intensity and a 25 to 30 percent reduction in flaring intensity by 2023 in line with the first “stock-take” under the Paris Agreement.
- Reducing the amount of fresh water withdrawn from the environment in our Upstream operations by 25 percent since 2014.
- Joining the Oil and Gas Climate Initiative, a global collaboration to address energy industry climate change issues.
- Scoring 100 percent on the Human Rights Campaign Corporate Equality Index for the 14th consecutive year.
- Creating 17 chapters of the Catalyst Program Men Advocating for Real Change (MARC), which engages men as partners and advocates in supporting greater gender inclusion.
- Thirty-one percent of total U.S. employees are women.
- Navigating the world’s energy transition with a diverse Board of Directors, representing 44 percent overall diversity.
- Improving employee safeguards and creating new standards for risk reduction.
- Implementing programs that in 2018 lead to Chevron’s best year on record in health, environment and safety with zero work-related fatalities.
Chevron Corporation is one of the world's leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company's operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.
Read Chevron’s 2018 Corporate Responsibility Report Highlights here.
Contact: Leah Casey