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Archrock Publishes its 2024 Annual Sustainability Report
Globenewswire· 2025-11-20 21:18
Core Insights - Archrock, Inc. has published its 2024 Sustainability Report, highlighting its sustainability initiatives and performance based on 2024 data and early 2025 achievements [1][3] - The report emphasizes the company's commitment to compressing and transporting cleaner natural gas while driving revenue and earnings growth [3] - Archrock's sustainability efforts align with the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Disclosures (TCFD) frameworks [5] Sustainability Achievements - The company exceeded safety goals for Total Recordable Incident Rate and Preventable Vehicle Incident Rate [8] - Over 42,000 hours of operational and technical training were administered [8] - Achieved a 7% year-over-year reduction in Scope 1 and Scope 2 CO2 emissions intensity compared to 2023 [8] - Delivered a 6% year-over-year reduction in Scope 3 CO2 emissions intensity compared to 2023 [8] - Solidified its position as a leading electric motor drive compression provider through two acquisitions totaling $1.4 billion since August 2024 [8] - Received the 2025 Leading Abatement Strategy Award from Methane Mitigation America for its commitment to methane reduction and management [8] Business Strategy - The company is focused on expanding its Methane and NGL Solutions to market, aiming to minimize emissions and enhance safety for customers [4] - Archrock's new gas-to-value product ecosystem is designed to maximize operational profitability for its customers [4]