Phillips 66 publishes 2020 sustainability report
By Allison Stowe
Phillips 66 Corporate Communications
Phillips 66 published its 2020 sustainability report this month, a timely look at its progress in positioning the
company for the long term.
Sustainability efforts at Phillips 66 are organized around four areas — operating excellence, environmental
stewardship, social responsibility and financial performance. Phillips 66 Chairman and CEO Greg Garland said recent
global events have made it even more evident how critical these efforts are.
"We have always known that our products are essential to global stability and that our people provide services that
need to be done reliably and safely," he said in an email to employees about the report. "But the challenging start to
2020 — with COVID-19, geopolitical turmoil in global energy markets, and an oversupply of crude oil — made the
importance of sustainability even clearer."
Additions to the report
The 2020 sustainability report reflects 2019 performance. It describes the many policies, programs and practices and
includes scores of case studies and facts that show how Phillips 66 operates safely and reliably.
Phillips 66 dedicates time and resources to sustainability reporting because the company knows stakeholders want a
consistent and transparent view of the business.
In that spirit, Phillips 66 for the first time included in the report a section with a Task Force on Climate-related
Financial Disclosures (TCFD) analysis, which describes the company’s climate risk identification, management and
Phillips 66 also expanded environmental, social and governance (ESG) metrics and included an index for Sustainability
Accounting Standards Board (SASB) content.
‘Sustainability is more than a word’
The report includes examples from across the entire enterprise that bind together to tell the company’s
sustainability story — a story that Phillips 66 Manager of ESG & Sustainability Maria Dunn says isn’t just about one
Readers will find a story on the longstanding relationship between the Ferndale Refinery in Washington and the
neighboring Lummi Nation, for instance, and a story about Phillips 66 becoming an official sponsor of the Houston
Pride Parade in Texas for the first time last year, and others about the digital transformation and green hydrogen.
“Sustainability is more than a word or a metric,” Dunn said. “Sustainability is active management of complex
operations and investment in people and assets to make Phillips 66 a viable company for the long term.”
The report can be found at phillips66.com/sustainability.