ReportAlert.info - Nexen Inc (TSE:NXY) Publishes its 2011 Sustainability Report
The report provides a summary of the company’s environmental, social and economic performance
(3BL Media) June 29, 2012 - Nexen Inc., a Canadian-based global energy company, released its 2011 Sustainability Report which provides a summary of the company’s environmental, social and economic performance. Nexen’s on-line disclosure, which includes articles, photos, data tables, graphs and videos featuring Nexen employees and stakeholders, provides more comprehensive sustainability information that compliments the report. Both are now available at www.nexeninc.com/sustainability.
The report summarizes Nexen’s commitment to being a responsible energy company, offering a candid look at the opportunities and challenges experienced in 2011 and strategies to manage these going forward.
Highlights include:
- Achieved a record-setting Total Recordable Injury Frequency (TRIF) of 0.67 for employees and contractors combined.
- Reduced the volume of spills by 67% over 2010.
- Established a data management system to centralize waste and water data across the company.
- Invested approximately $9.1 million through grants and donations in Nexen’s three community investment priority areas.
- Contributed significantly to economic growth, with $2.5 billion invested by Nexen in goods and services and approximately $2.3 billion in income taxes and royalties.
Nexen’s VP of Health, Safety, Environment & Social Responsibility, Kelly Kowalchuk states “Nexen understands how we do business is just as important as what we achieve. That’s why we remain committed to tracking and transparently disclosing our health, safety, environmental and social performance as well as our positive impact on the economy.”
Nexen is an independent, Canadian-based, global energy company, listed on the Toronto and New York stock exchanges under the symbol NXY. Nexen is focused on three growth strategies: oil sands, unconventional gas and conventional exploration and development. Operations are located primarily in Western Canada, the North Sea, offshore West Africa and deep-water Gulf of Mexico. Nexen adds value for shareholders through successful full-cycle oil and gas exploration and development, and leadership in ethics, integrity, governance and environmental stewardship.
