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Howard Energy Partners Receives Five-Star ESG Rating by GRESB

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Howard Energy Partners Receives Five-Star ESG Rating by GRESB

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  • HEP scored in the top 10 percent of all private companies and was named Most Improved in Infrastructure
  • HEP achieved the highest Performance Score of any infrastructure company

Howard Energy Partners announced that GRESB has awarded the company a five-star ESG rating, a top-tier classification which is based on HEP’s overall score relative to the other 648 companies participating in the assessment. HEP also scored in the top 10 percent of all private companies who participated in the GRESB assessment and was named the 2022 Most Improved in Infrastructure. Additionally, the company achieved the highest Performance Score in the infrastructure assessment, which is based on HEP’s energy use, emissions data, environmental record, and health and safety of employees, the environment and the public.

“We are proud to receive a five-star rating from GRESB, which reflects our commitment to our core values and our mission to deliver positive energy,” said Brandon Burch, Executive Vice President and Chief Operating Officer. “ESG is not new to us at HEP. We have been implementing best practices into our jobs and projects since the formation of the company. As we continue to grow, our commitment will remain the same – to provide energy in the most responsible way possible.”

See related article: Greif signs its first sustainable financing agreement; receives best-in-industry MSCI ESG rating

Earlier this year, HEP issued its inaugural ESG report, which further outlines the company’s sustainability initiatives, as well as corporate governance practices, community and industry partnerships, employee and customer engagement programs, vendor requirements, and other vital operating statistics and performance metrics.

HEP has participated in the GRESB assessment for seven consecutive years. GRESB data is used by hundreds of capital providers and thousands of asset managers to benchmark investments across portfolios and to better understand the opportunities, risks and choices that need to be made as the industry transitions to a more sustainable future. The GRESB ESG benchmark grew this year to cover more than $8.6 trillion of assets under management, up from $6.4 trillion the year before.

Source: Howard Energy Partners

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