Shared Value Report ESG Performance
Message from the CEO
"Our Environmental, Social, and Governance (ESG) performance is connected to our core purpose of Creating Shared Value. We view the Creating Shared Value business model as foundational to ESG — invariably enhancing good ESG practices, while strengthening our competitive advantage to ensure outsized returns are matched by outsized positive impact. By taking an engaged and inclusive approach to everything we do, we create wide-ranging benefits for the communities and environments in which we operate.
Our vision is one of lasting impact; we want to ensure that once we are gone, the communities and environments in which we operate today benefit for years to come. In the meantime, the synergy between our relationships and operations continues to generate new opportunities and outcomes that not only strengthen our ESG performance but inspire us to reflect authentically on how we are creating value for the world around us."
With Creating Shared Value at the heart of our business, we are committed to leaving a lasting and positive impact on the world around us. As industry leaders, we strive to create value that extends beyond our business, to the environment, and the communities in which we operate.
As we capture new opportunities in an evolving energy landscape, we pledge a safe, efficient, and environmentally responsible approach to the construction and operation of our midstream assets.
Our ESG approach is reinforced by our commitment to creating economic value in a way that addresses a range of critical needs and challenges, including environmental, social, and governance matters. From extending lifecycles for industry by-products, to improving energy efficiency or developing stronger community relationships, Creating Shared Value plays a key role in elevating our ESG performance.
We integrate social and environmental impact into our business through strong, inclusive, flexible, and supportive governance. Drawing on our ESG framework, we then track and measure this impact to further capture our shared value progress. By applying an ESG lens to our Creating Shared Value business model, we are actively aligning our business strategies with rapidly evolving environmental, social, and governance priorities. Our ESG approach is guided by global reporting standards, including the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the United Nations Sustainable Development Goals (SDGs).
2022 Sustainability Highlights
Invested in a new mental health and suicide prevention program
Reduced greenhouse gas intensity by 11% as a result of increased production efficiency
Spent 350 hours re-engaging the community in the wake of the COVID-19 pandemic
Achieved a 97.7% sulphur recovery rate, exceeding recovery requirements of 95.9%
Maintained a 0 Total Recordable Injury Frequency (TRIF)
ESG in Action
Our ESG priorities reflect our company’s values and purpose. As we deepen our commitment to ESG, we are simultaneously enhancing the sustainability of our operations and business model. From responsible development practices to deploying the latest in sulphur recovery technology, we aim to deliver reliable, value-add solutions that benefit people, the environment, and our business.
Download our recent report to learn more about CSV’s ESG performance and how we’re redefining the midstream industry through our commitment to creating shared value.