Sustainability
2023 Report
We are focused on maintaining a strong and resilient business that meets global energy demands while operating safely, strengthening communities and protecting the environment.
Sustainability shapes how we define and execute our strategy. Our actions are guided by our five pillars of sustainability — environmental stewardship, social responsibility, governance, operational excellence and financial performance.
Our Businesses
Our mission of providing energy and improving lives extends to every aspect of our Midstream, Chemicals, Refining, Marketing and Specialties businesses. By promoting innovation and leveraging digital capabilities, we strive to increase the efficiency and resilience of our diversified operations and reduce costs.
Progress to 2030 GHG Emissions Reductions Targets
8%
reduction in manufacturing (Scope 1 & 2) emissions
intensity from 2019 levels
Reached a final investment decision to convert
our San Francisco Refinery into one of the world’s
largest renewable fuels facilities.
Earned International Sustainability and Carbon
Certification (ISCC) PLUS certification for our Sweeny
Refinery in Old Ocean, Texas, to process oil made
from waste plastics into feedstocks for new plastics.
3%
reduced product (Scope 3) emissions intensity from
2019 levels
Completed the first U.K. production of sustainable
aviation fuel (SAF) at the Humber Refinery and
supplied to British Airways.
Established a joint venture with H2 Energy
to create a European network of hydrogen
refueling stations.
Data from 2023 Sustainability Report
Health, Safety and Environment
We aim to be the energy industry’s safest and most reliable company. We integrate our health, occupational safety, process safety and environmental stewardship principles throughout our businesses. Our ambition to continuously improve helps protect and safeguard our employees, our neighbors and the environment.
A Closer Look: Managing Waste and Recycling
930
tons of scrap material, including cardboard, bottles, cans, pallets
and shrink wrap recycled in 2022
1 million
gallons of waste-derived fuel for manufacturing
processes generated from our tank cleanout
methods in 2022
1 million
pounds of rejuvenated catalyst were used in our hydroprocessing reactors in 2022
200,000
gallons of water conserved from our tank cleanout
methods in 2022
Stakeholder Engagement
Our stakeholders are critically important because they give us our license to operate; they know Phillips 66 is a good community member and business partner.
Building Strong and Resilient Communities
In 2022, we conducted a sustainability priority assessment with internal and external stakeholders to help us identify the highest-interest issues, which included:
- Climate change
- GHG emissions
- Employee and stakeholder engagement
- Emerging energy
- Workforce safety
- Waste and recycling
100% of our refining operations have well established Community Advisory Councils or Panels (CACs or CAPs) that represent a cooperative and empowering collaborative environment.
Governance
Good governance and ethics are integral at every level of our organization and contribute positively to our corporate culture, and shareholder value.
Lobbying Activities
Phillips 66 participates in the political process at all levels of government. We work with communities, environmental organizations, legislators and customers on public policy issues, including those related to climate change. Phillips 66 lobbies directly with federal, state or local officials and indirectly through trade associations and memberships.
“It’s in the best interest of our company and our shareholders to participate in the political process and engage in issues critical to our business, including support of transparent and technology-neutral energy policies at the federal, state and local levels.”
VANESSA SUTHERLAND
Executive Vice President, Government Affairs, General Counsel and Corporate Secretary
