SASB Index
The Sustainability Accounting Standards Board (SASB) has developed standards for businesses to identify, manage and report on sustainability topics to meets investor needs. This table references the Standard for the Oil & Gas – Exploration & Production industry with links to where the relevant information can be found on our website and in our 2019 Annual Report Form 10-K.
| Disclosure Topics & Accounting Metrics | |||
| Topic | SASB Code | Metric | Disclosure/Explanation |
| Greenhouse Gas Emissions | EM-EP 110a.1 | Gross global Scope 1 emissions, percentage methane, percentage covered under emissions-limiting regulations | Scope 1 - 17,700 thousand tonnes |
| Methane emitted as % of natural gas production – 0.23% | |||
| Methane emitted as % of total hydrocarbon production – 0.09% | |||
| Covered by regulation – 40% | |||
| EM-EP 110a.2 |
Amount of gross global Scope 1 emissions from: (1) flared hydrocarbons, (2) other combustion, (3) process emissions, (4) other vented emissions, and (5) fugitive emissions | Flared: 24,600 million cubic feet | |
| Other combustion: 221 trillion BTUs | |||
| Process emissions: 1,500 thousand tonnes | |||
| Other vented emissions: No other material emissions under this category. | |||
| Fugitive emissions: 250 thousand tonnes | |||
| EM-EP 110a.3 |
Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets | Scenario Planning Short, Medium and Long-Term Risk GHG Emissions GHG Emissions Intensity Target |
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| Air Quality | EM-EP 120a.1 | Air emissions of the following pollutants: (1) NOx (excluding N2O), (2) SOx, (3) volatile organic compounds (VOCs), and (4) particulate matter (PM10) | Nox: 35,000 thousand tonnes |
| Sox: 4,800 thousand tonnes | |||
| VOCs: 69,900 thousand tonnes | |||
| PM: 1,400 thousand tonnes | |||
| Water Management | EM-EP 140a.1 | (1) Total fresh water withdrawn, (2) total fresh water consumed, percentage of each in regions with High or Extremely High Baseline Water Stress | Fresh water withdrawn: 14.4 million cubic meters |
| Freshwater consumption intensity: Unconventional freshwater consumption: 0.22 barrels per BOE Conventional freshwater consumption: 0.05 barrels per BOE |
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| Total freshwater withdrawn in stressed region – 8% | |||
| EM-EP 140a.2 | Volume of produced water and flowback generated; percentage (1) discharged, (2) injected, (3) recycled; hydrocarbon content in discharged water | 124.7 million cubic meters (calculated with information disclosed from SD Report performance metrics.) | |
| % discharged onshore: 0% % discharged offshore: 12% |
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| % injected or disposed: 22% | |||
| Recycled/reused: 82.3 million cubic meters | |||
| Hydrocarbons in overboard discharge: 145 tonnes | |||
| EM-EP 140a.3 | Percentage of hydraulically fractured wells for which there is public disclosure of all fracturing fluid chemicals used | All states where we operate have regulations in place that require public disclosure of the chemicals used in hydraulic fracturing utilizing FracFocus, but the level of disclosure varies. The identity of some chemicals and their exact concentrations may be protected by confidential business information considerations and not disclosed. | |
| EM-EP 140a.4 | Percentage of hydraulic fracturing sites where ground or surface water quality deteriorated compared to a baseline | Our Guideline for Groundwater Baseline Assessment provides guidance on when and how voluntary baseline sampling should be conducted through a risk-based approach. Global Onshore Well Management Principles |
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| Biodiversity Impacts | EM-EP 160a.1 | Description of environmental management policies and practices for active sites | Managing Sustainable Development Risks Health, Safety and Environment Policy HSE Management System Process Safety Global Onshore Well Management Principles |
| EM-EP 160a.2 | Number and aggregate volume of hydrocarbon spills, volume in Arctic, volume impacting shorelines with ESI rankings 8-10, and volume recovered | Number and volume: 88 spills, 1,800 barrels | |
| Volume in Arctic: 1 spill, 2 barrels | |||
| Volume impacting shorelines: Currently do not collect this data | |||
| Volume recovered: 1,200 barrels includes 2 barrels recovered in Arctic | |||
| EM-EP 160a.3 | Percentage of (1) proved and (2) probable reserves in or near sites with protected conservation status or endangered species habitat | ConocoPhillips reports on a similar metric that is based on lease areas with operating assets, not proved reserves: Percent of operated area overlapping with IUCN Protective Areas is 0.25% | |
| Per the ConocoPhillips Reserves Estimation and Accounting Policy, further details about probable, possible, and contingent reserves cannot be reported here. The recording and reporting of proved reserves are governed by criteria established by regulation of the SEC and FASB. We have company-wide, comprehensive internal policy that governs the determination and reporting of proved reserves. Our proved reserves are disclosed in our SEC 10K, and a more granular breakdown of all reserves can be found in investor slides decks and 2019 Annual Investor Meeting. | |||
| Security, Human Rights & Rights of Indigenous Peoples | EM-EP 210a.1 | Percentage of (1) proved and (2) probable reserves in or near areas of conflict | We currently report on the location of all approved reserves in our annual report. |
| Per the ConocoPhillips Reserves Estimation and Accounting Policy, further details about probable, possible, and contingent reserves cannot be reported here. The recording and reporting of proved reserves are governed by criteria established by regulation of the SEC and FASB. We have company-wide, comprehensive internal policy that governs the determination and reporting of proved reserves. Our proved reserves are disclosed in our SEC 10K, and a more granular breakdown of all reserves can be found in investor slides decks and 2019 Annual Investor Meeting. | |||
| EM-EP 210a.2 | Percentage of (1) proved and (2) probable reserves in or near indigenous land | We currently report on operations near indigenous communities in our Sustainability Report. The percentage of proved reserves near indigenous communities is not currently being collected by the company. |
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| Per the ConocoPhillips Reserves Estimation and Accounting Policy, further details about probable, possible, and contingent reserves cannot be reported here. The recording and reporting of proved reserves are governed by criteria established by regulation of the SEC and FASB. We have company-wide, comprehensive internal policy that governs the determination and reporting of proved reserves. Our proved reserves are disclosed in our SEC 10K, and a more granular breakdown of all reserves can be found in investor slides decks and 2019 Annual Investor Meeting. | |||
| EM-EP 210a.3 | Discussion of engagement processes and due diligence practices with respect to human rights, indigenous rights, and operation in areas of conflict | Creating Shared Value Local Stakeholder Engagement Community Risk Management Working with communities Valuing Human Rights Human Rights Due Diligence Indigenous People Security and Human Rights |
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| Community Relations | EM-EP 210b.1 | Discussion of process to manage risks and opportunities associated with community rights and interests | Creating Shared Value Local Stakeholder Engagement Community Risk Management Working with communities |
| EM-EP 210b.2 | Number and duration of non-technical delays | The company is currently evaluating the technical requirements and standardization of the information to report on this indicator | |
| Workforce Health & Safety | EM-EP 320a.1 | (1) Total recordable incident rate (TRIR), (2) fatality rate, (3) near miss frequency rate (NMFR), and (4) average hours of health, safety, and emergency response training for (a) full-time employees, (b) contract employees, and (c) short-service employees | TRIR: 0.14 per 200,000 hours worked |
| Fatality rate: 1 (number) | |||
| Currently not publicly disclosing NMFR. As directed by its HSE Management System Standard, the company has a long history of reporting and tracking near misses for the learning opportunities they provide. Supported by advances in being a learning organization, implementing leading metrics, and formalizing an Opportunity to Learn process, our culture around near miss reporting and actioning the learnings from near misses has strengthened. HSE Management System Personal Safety |
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| Not currently rolling up the training hours given to its employees for health, safety and emergency response. | |||
| N/A | |||
| N/A | |||
| EM-EP 320a.2 | Discussion of management systems used to integrate a culture of safety throughout the exploration and production lifecycle | A Learning Organization HSE Management System Personal Safety |
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| Reserves Valuation & Capital Expenditures | EM-EP 420a.1 | Sensitivity of hydrocarbon reserve levels to future price projection scenarios that account for a price on carbon emissions | Scenario Planning Strategic Flexibility & Planning |
| EM-EP 420a.2 | Estimated carbon dioxide emissions embedded in proved hydrocarbon reserves | Potential CO2e from proved reserves: 2,190 million tonnes | |
| EM-EP 420a.3 | Amount invested in renewable energy, revenue generated by renewable energy sales | ConocoPhillips does not invest in renewable energies with a commercial purpose. | |
| EM-EP 420a.4 | Discussion of how price and demand for hydrocarbons and/or climate regulation influence the capital expenditure strategy for exploration, acquisition, and development of assets | Scenario Planning Strategic Flexibility & Planning |
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| Business Ethics & Transparency | EM-EP 510a.1 | Percentage of (1) proved and (2) probable reserves in countries that have the 20 lowest rankings in Transparency International’s Corruption Perception Index | Percentage of proved reserves: 4.4% Africa (Libya): 234 barrels Total reserves: 5,265 barrels (Millions of barrels of oil equivalent) |
| Per the ConocoPhillips Reserves Estimation and Accounting Policy, further details about probable, possible, and contingent reserves cannot be reported here. The recording and reporting of proved reserves are governed by criteria established by regulation of the SEC and FASB. We have company-wide, comprehensive internal policy that governs the determination and reporting of proved reserves. Our proved reserves are disclosed in our SEC 10K, and a more granular breakdown of all reserves can be found in investor slides decks and 2019 Annual Investor Meeting. | |||
| EM-EP 510a.2 | Description of the management system for prevention of corruption and bribery throughout the value chain | Business Ethics Code of business ethics and conduct Economic Transparency and Reporting Position Supplier Expectations |
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| Management of the Legal & Regulatory Environment | EM-EP 530a.1 | Discussion of corporate positions related to government regulations and/or policy proposals that address environmental and social factors affecting the industry | Climate Change Public Policy Engagement Political Support Policy and Procedures |
| Critical Incident Risk Management | EM-EP 540a.1 | Process Safety Event (PSE) rates for Loss of Primary Containment (LOPC) of greater consequence (Tier 1) | Currently do not have an indicator that is aligned with SASB methodology. |
| EM-EP 540a.2 | Description of management systems used to identify and mitigate catastrophic and tail-end risks | Managing Sustainable Development Risks Risk Management Assessing Climate-Related Risk Managing Climate-Related Risk Integrating Climate-Related Risks Into-ERM Managing Local Environmental Risk |
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| Activity Metric | |||
| Production | EM-EP 000.A | Production of: (1) oil, (2) natural gas, (3) synthetic oil, and (4) synthetic gas | Total production: 1,348 MBOED Crude oil: 705 MBD Natural gas liquids: 115 MBD Bitumen: 60 MBD Natural gas: 2,805 MMCFD |
| Sites | EM-EP 000.B | Number of offshore sites | Requires consistent SASB definition of offshore and terrestrial sites |
| Sites | EM-EP 000.C | Number of terrestrial sites | |