About This Report

Crestwood’s 2021 sustainability report reflects our commitment to transparency and accountability for the sustainability and environmental, social and governance (ESG) aspects of our business. This report highlights key sustainability topics, our management approaches and performance metrics. 

Our Approach to Sustainability Reporting

This report marks the fourth consecutive annual sustainability report that Crestwood has made publicly available since 2018. We aim to provide information to our stakeholders in a transparent, engaging and accessible manner. A key component of our forward-looking ESG strategy was a refresh of our original 2018 materiality assessment to determine which ESG issues are most important to our stakeholders and Crestwood’s business strategy. We conducted our second materiality assessment in the fall of 2021. 

For more information, please visit the Materiality Assessment page.

Reporting Period

• January 1, 2021 – December 31, 2021 (unless otherwise noted)

Reporting Cycle

• Crestwood has published annual sustainability reports since 2018

Report Boundaries

• Our 2021 sustainability report covers all activities under direct operational control of Crestwood Equity Partners LP and Crestwood Midstream Partners LP. We conduct a portion of our operations through joint ventures (including our Crestwood Permian partnership with First Reserve, Tres Palacios partnership with Brookfield Infrastructure and PRBIC partnership with Twin Eagle Resource Management)
• Unless otherwise noted, our joint ventures are not included in this report to align with our financial reporting
• All financial data is in U.S. dollars

Reporting Methodologies and Frameworks

Crestwood’s 2021 sustainability report was prepared in accordance with:

• Global Reporting Initiative (GRI) Standards – Core option and includes the G4 Oil and Gas Sector Disclosures
• Applicable Value Reporting Foundation’s Sustainability Accounting Standards Board (SASB) midstream framework metrics
• Task Force on Climate-related Financial Disclosures (TCFD) – We align our climate change reporting with the TCFD framework and expect to conduct a full TCFD-aligned scenario analysis and physical risk assessment in late 2022
• Energy Infrastructure Council (EIC)/GPA Midstream (GPA) ESG Reporting Framework (Version 2.0)

Third-party Assurance and Review

Currently, our sustainability reports are not assured by a third party; however, we are reviewing this option for future reports. All quantitative data, methodologies and reporting processes are internally reviewed with the Board and our Sustainability Committee. We perform an internal assurance process led by our Internal Audit and Financial Reporting teams.

For information on Crestwood’s internal audit process, please see our Risk Management page. 

Additional Information

Additional information, including past sustainability reports, ESG investor materials and corporate policies can be found at our ESG Reporting Suite.

We welcome your comments and questions about our sustainability efforts.
Please direct them to sustainability@crestwoodlp.com

This report, including information included or incorporated by reference herein, contains forward-looking statements that are not guarantees of future performance or results, as they involve risks, uncertainties and assumptions. Actual results may differ materially from those contemplated by the forward-looking statements due to a variety of unforeseen factors.