Sustainability - Letter From Founders
Since we set out on this incredible journey as shale gas pioneers in 2003, we have remained vigilant in exhibiting our values of creating a sustainable and resilient company. Our company culture promotes core business principles of safety, integrity, performance, stewardship and innovation. These values and principles are part of our corporate DNA and we are committed to Zero Compromise.
Every day, the safety of our employees and contractors is the top priority and our actions and performance demonstrate that commitment. In 2018, Antero Resources and Antero Midstream had zero employee or contractor fatalities, a combined employee and contractor Lost Time Incident Rate (LTIR) of 0.089 and a combined employee and contractor Total Recordable Incident Rate (TRIR) of 0.56, which outperforms the 2017 Upstream Onshore Oil and Gas ISN Benchmark averages of 0.36 for LTIR and 1.19 for TRIR. We believe our success is due to continuous incident and risk evaluation, improvements to our safety management programs and system, and through empowering everyone on any job site with Stop Work Authority.
We believe our sustainability programs, encompassing environmental, social, and governance aspects, strengthen our business and inspires confidence in our employees, investors, creditors and contractors, as well as with regulatory agencies and communities in which we operate. We take a proactive approach to develop and implement work practices and technologies to deliver natural gas, natural gas liquids and oil to the market in the most ethical, environmentally and socially responsible way. Antero implements beyond-compliance measures to minimize exposure for our employees and the public, and to health, safety, security and environmental (HSSE) risks. We invest heavily in communities where we live and operate because we are grateful for the opportunity and believe sharing our success is the right thing to do.
We recognize the growing concern with climate change and are dutifully committed in our efforts to manage and reduce greenhouse gas emissions including methane emissions. Our greenhouse gas emissions intensity decreased from 0.75 thousand metrics tons CO2e in 2017 to 0.44 thousand metric tons CO2e in 2018 even though we saw growth in our operations. We participate as active members in industry-leading partnerships to reduce greenhouse gas and methane emissions such as ONE Future, The Environmental Partnership, and the U.S. EPA Natural Gas STAR program. Our methane leak loss rate is 0.06%, well below the industry target of 1.00%. We continually research, evaluate and implement technology to further reduce our environmental footprint as part of our business strategy.
Antero’s Health, Safety, Security and Environmental (HSSE) management system guides us toward our goal of Zero Incidents, Zero Harm and Zero Compromise. Our employees and contractors have the duty of employing Stop Work Authority when HSSE concerns are discovered. We regularly engage state and federal regulatory agencies by voluntarily sponsoring emergency preparedness programs and donating emergency response equipment. Through our Enterprise Risk Management System, we identify risks and invest in mitigation efforts related to HSSE exposure. Our HSSE performance speaks for itself and exemplifies our unwavering commitment to make every effort to do the right thing, take accountability for our actions, and maintain our position as a world-class sustainable energy producer, partner and employer of choice.
We are dedicated to leading and operating our company in an ethical and responsible way. This commitment is evident in our performance and leadership, while we actively care for our employees, contractors, the public, and the environment.