Climate Change Data

Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings, L.P. (Nasdaq: PAGP)

Climate Impact & Sustainability Data (2021, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:1,782,000 mt CO2e
Scope 1 Emissions:805,000 mt CO2e
Scope 2 Emissions:976,000 mt CO2e
Renewable Energy Share:22%
Carbon Intensity:0.49 mt CO2e/Thousand BOE (2021)

ESG Focus Areas

  • Environmental stewardship and operating excellence
  • Emerging energy
  • Commitment to employees
  • Stakeholder engagement
  • Corporate governance

Environmental Achievements

  • Reductions in Scope 1 and Scope 2 emissions
  • Development of a companywide waste management and minimization plan
  • Meaningfully improved Sustainalytics rating

Social Achievements

  • Ranked among Houston Chronicle’s Top Workplaces for 12th consecutive year
  • Awarded $250,000 to first responders through our First Responder Grant program
  • Launched updated philanthropy, employee match and volunteerism program in the U.S.

Governance Achievements

  • Formation of a Health, Safety, Environmental and Sustainability (HSES) board committee
  • Active engagement in improving industry ESG reporting standards
  • Developed a separate Code of Business Conduct for Contractors and Suppliers

Climate Goals & Targets

Environmental Challenges

  • Did not achieve 2021 targets for reductions in Total Recordable Incident Rate (TRIR) and Federally Reportable Releases (FRR)
Mitigation Strategies
  • Over the past five years achieved an approximate 50% decrease in TRIR and an approximate 40% decrease in FRR
  • Ongoing discussions about emissions reduction opportunities and target setting
  • Increased internal dedicated sustainability resourcing

Supply Chain Management

Supplier Audits: Safety audits conducted using ISNetworld system

Responsible Procurement
  • Ethical standards stipulated in service agreements
  • Compliance with laws and regulations pertaining to working conditions
  • Code of Business Conduct for Contractors and Suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Hurricanes
  • Floods
  • Tornados
  • Freezes
  • Earthquakes
  • Fires
Opportunities
  • Emerging energy opportunities (hydrogen storage, battery storage, low-carbon fuel infrastructure)

Reporting Standards

Frameworks Used: EIC Midstream ESG Reporting Template, API Template for GHG Reporting, SASB Standards, GRI Standards

Awards & Recognition

  • CSX 27th Annual Chemical Safety Excellence Award
  • Canadian Pacific Safe Shipper Award
  • International Liquids Terminal Association Safety Excellence Award

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:2,022,000 tCO2e
Scope 1 Emissions:832,000 tCO2e
Scope 2 Emissions:1,199,000 tCO2e
Renewable Energy Share:24%
Carbon Intensity:0.40 mt CO2e/thousand BOE

ESG Focus Areas

  • Safety
  • Environmental Stewardship
  • Employee Development
  • Community Investment
  • Corporate Governance

Environmental Achievements

  • Decreased GHG emissions intensity year-over-year
  • Received the Conservation Champion Award by the Bayou Land Conservancy for supporting land conservation
  • Implemented vegetation management programs focusing on land restoration and revegetation

Social Achievements

  • Canadian Operations achieved a full year without a recordable incident
  • Employee engagement in the CARE volunteer program increased by 40%
  • Contributed approximately $3.8 million to charities
  • Raised over $770,000 for the United Way of Greater Houston
  • Welcomed more than 100 interns (a record year)

Governance Achievements

  • Achieved near top quartile performance in preventable injury rates
  • Maintained a unified Board of Directors for both PAA and PAGP
  • 89% of CEO target compensation was "At Risk"

Climate Goals & Targets

Short-term Goals:
  • 2024 performance target: total preventable recordable incident rate of 0.25 or lower; 15 or fewer federally reportable releases

Environmental Challenges

  • Did not achieve overall TRIR target of 0.25 or lower
  • Experienced 19 FRR, falling short of the reduction target of 10
  • Total Scope 1 and 2 emissions increased slightly compared to 2022
Mitigation Strategies
  • Continued efforts to achieve year-over-year improvements in safety and environmental performance
  • Held a Tank Integrity Summit to identify opportunities to improve tank integrity management
  • Continued focus on reducing GHG emissions intensity

Supply Chain Management

Responsible Procurement
  • Code of Conduct for Suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
Transition Risks
  • Regulatory changes
  • Market shifts

Reporting Standards

Frameworks Used: SASB, GRI, EIC Midstream ESG Reporting Template, API Template for GHG Reporting, TCFD

Awards & Recognition

  • GPA Midstream Perfect Record Award
  • President’s Volunteer Service Award
  • Conservation Champion Award