April 20, 2024

businessinsider

Costing Accounting Everyday

Chevron 2021 Corporate Sustainability Report: Performance Data

Printed 21 hours in the past

Submitted by Chevron Company

person flying a drone, "Chevron 2021 Corporate Sustainability Report: Performance and Data"

Chevron 2021 Company Sustainability Report: Effectiveness and Info

At Chevron, we try to be transparent and enhance our reporting on sustainability-relevant subject areas to help supply similar and final decision-beneficial data for traders and other stakeholders. We are functioning with peers, stakeholders and regulators to accomplish larger consistency and comparability of reporting.

We think about environmental, social, and governance data in both voluntary and required disclosures. For voluntary reporting, we look at the reporting guidelines, indicators and terminology in the Sustainability Reporting Steering for the Oil and Gasoline Marketplace (2020) by Ipieca, the Worldwide Affiliation of Oil and Gas Producers (IOGP), and the American Petroleum Institute (API). We also consider other leading reporting frameworks, these as the Stakeholder Capitalism metrics formulated by the Environment Financial Discussion board, to identify which information to incorporate in our tables. Chevron makes use of the Planet Resources Institute/Globe Enterprise Council for Sustainable Development Greenhouse Gas Protocol: A Company Accounting and Reporting Normal (2015) definition of a few “scopes” to report GHG emissions.

improving our reporting

We present index columns that map our current reporting info to the suitable Sustainability Accounting Criteria Board (SASB) and Ipieca frameworks. The indices are based solely on Chevron’s interpretation and judgment and do not indicate the application of definitions, metrics, measurements, criteria or techniques set forth in the SASB and Ipieca frameworks. Remember to refer to the appropriate footnotes for information about Chevron’s information-reporting basis.

In this year’s Company Sustainability Report, we added a new desk that tracks our progress toward our 2028 GHG emissions intensity targets. We also expanded our international staff range knowledge to give area and gender facts. In line with our approach to supply similar and clear knowledge, we developed the portfolio carbon intensity (PCI) methodology to enable the comparison of Scope 1, 2 and 3 GHG emissions of providers that might participate in distinctive pieces of the worth chain. In addition, we are also furnishing a independent GHG facts general performance desk based on the API Template for GHG Reporting (March 2022) and API Assistance Doc for GHG Reporting (March 2022). We aspire to continue on to achieve serious benefits and transparently talk development on our overall performance.

ESG facts good quality

The accuracy of the data reflected in our report is crucial to us. Given that 2004, Chevron has engaged an accredited assurance supplier, Lloyd’s Register Top quality Assurance, Inc. (LRQA), to confirm that our Operational Excellence Administration Program (OEMS) meets global environmental and safety administration program specifications and specifications. In 2021, we acquired a Certificate of Acceptance that demonstrates the alignment of our OEMS with ISO 14001:2015 and 45001:2018 specifications, as properly as the integrity and energy of our Chevron Technological Center in environment the strategic route of the OEMS and giving oversight and verification of its performance in the course of the corporation.

We also engaged LRQA to deliver impartial assurance on Chevron’s processes applied to build the Company Sustainability Report for calendar 12 months 2021 to a acceptable level. LRQA’s assurance engagement covered Chevron’s operations and pursuits all over the world and evaluated how productive Chevron’s reporting procedures had been in offering overall health, security and environmental indicators that are practical for examining corporate performance and reporting information and facts dependable with main and more reporting aspects in the Ipieca/API/IOGP Sustainability Reporting Direction for the Oil and Gas Sector (2020) and SASB Oil and Gasoline – Exploration and Creation, Midstream, and Refining & Advertising accounting metrics referenced in the functionality knowledge tables. In some scenarios, Ipieca features and SASB metrics referenced are partly reported. 

For additional than 10 years, we have done unbiased third-party assurance of Chevron’s GHG emissions. In 2021, we expanded this assurance to consist of Chevron’s functionality knowledge, Scope 3 emissions and GHG emissions on an operational regulate foundation. The objective is to assess regardless of whether the certain emissions details are noted in accordance with the principles of completeness, comparability throughout the firm and accuracy, which include calculations, use of correct conversion factors and consolidation.

to produce custom made charts and tables using our effectiveness data, go to: chevron.com/sustainability/efficiency/chart-generator

for full reporting, pay a visit to chevron.com/sustainability

Chevron Corporation logo

Chevron Corporation

Chevron Corporation

Chevron Company is a person of the world’s major integrated vitality firms. By its subsidiaries that perform organization globally, the firm is involved in pretty much each aspect of the vitality business. Chevron explores for, makes and transports crude oil and all-natural gasoline refines, marketplaces and distributes transportation fuels and lubricants manufactures and sells petrochemicals and additives generates energy and develops and deploys systems that increase business enterprise price in each and every component of the firm’s functions. Chevron is based mostly in San Ramon, California. 

Company Duty

Very affordable strength is a catalyst for financial development and prosperity. Our company’s values push us to supply that strength responsibly even though preserving the setting and doing the job with our partners to reinforce communities because our good results is tied to the success of the communities where we run.

Our Method

We carry out our business in a socially responsible and ethical method, guard men and women and the natural environment, aid common human legal rights, and profit the communities where by we perform.

A lot more from Chevron Company