To Our Stakeholders,
As one of the largest diversified energy providers, ONEOK has a century-long history of creating value for our stakeholders by providing solutions for a transforming energy future. As we’ve grown our business, we’ve also strengthened our commitment to continuously improve our company-wide sustainability program, practices and performance.
Throughout our 16th annual sustainability report, you’ll find information on our safety, environmental and governance-related programs and performance that help us deliver the energy the world needs today, while innovating for tomorrow. We also detail our commitment to diversity and inclusion, support of communities, dedication to stakeholder engagement and many other key areas.
Our commitment in these important areas is fundamental to ONEOK’s success. We believe in improving lives by keeping our employees, the environment and our communities safe and thriving. Organizations such as MSCI, Morningstar Sustainalytics, FTSE Russell, S&P Global and others have consistently recognized our performance in the top of our industry. We have much to be proud of, but more valuable work ahead.
Following our acquisition of Magellan Midstream Partners in September 2023, our workforce is now nearly 5,000 strong and our operations span more than 20 states. The safety and health of our employees and the communities where we operate is at the forefront of everything we do, and we continue to invest time, training and money toward safety-driven initiatives. Since closing the acquisition we’ve undertaken efforts to review programs across our combined company, including working to develop a new company-wide safety management system, standardizing the use of personal protective equipment across our field operations, and launching new safety campaigns and training across the organization – becoming one ONEOK committed to a zero-incident culture.
We’re engaged in the energy transformation and are actively working toward our commitment to lower emissions. We’ve made considerable progress toward our 2030 greenhouse gas emissions target, achieving reductions that equate to approximately 50% of our total target. We’ve also reduced our Scope 1 methane emissions by 36% from a 2019 baseline year, and we continue efforts to identify, measure and reduce methane emissions across our operations.
Our innovative employees are working to identify potential low-carbon or emission-reducing projects, investment opportunities and research initiatives. Examples include the continued use of emission detection satellite technology, low-carbon fuel investments such as sustainable aviation fuel, and participation in hydrogen- and CCUS-related studies.
At ONEOK we’re proud to deliver the safe, affordable, reliable and resilient energy products and services that improve quality of life and support the growing global demand for energy – delivering what’s important to fuel a better tomorrow.
Thank you for your interest in our efforts and support of our company.
Sincerely,
Pierce H. Norton II
President and Chief Executive Officer