About This Report

This sustainability report highlights our environmental, social and governance (ESG)-related progress and continued commitment to deliver sustainable value to our stakeholders. We remain focused on rigorously managing key ESG risks, demonstrating tangible actions to strengthen our performance and enhancing our reporting.

Our Approach to Sustainability Reporting

Crestwood’s 2022 sustainability report marks the fifth consecutive annual sustainability report that we have made publicly available since 2018. We utilize qualitative descriptions and quantitative metrics to describe our policies, practices and performance and we aim to provide information to all our stakeholders in a transparent, engaging and accessible manner.

Reporting Period

• January 1, 2022 – December 31, 2022 (unless otherwise noted)

Reporting Cycle

• Crestwood has published annual sustainability reports since 2018

Report Boundaries

• Our 2022 sustainability report covers all activities under direct operational control of Crestwood Equity Partners LP and Crestwood Midstream Partners LP. In July 2022, we acquired First Reserve’s 50 percent equity interest in the Crestwood Permian Joint Venture, and, as a result of this transaction, we control and own 100 percent of the equity interests in Crestwood Permian. Crestwood Permian’s operations include its Crestwood Permian Basin partnership with Shell Midstream.
• We conduct a portion of our operations through joint ventures (including our Crestwood Permian Basin partnership with Shell Midstream beginning July 1, 2022, 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 2022 sustainability report was prepared in accordance with:

• Global Reporting Initiative (GRI) Standards – We report with reference to GRI Standards 2021 and GRI Sector Standard GRI: 11 Oil and Gas 2021
• Sustainability Accounting Standards Board (SASB) – We report applicable Value Reporting Foundation’s SASB midstream framework metrics
• Task Force on Climate-related Financial Disclosures (TCFD) – We align our climate change reporting with the TCFD framework and conducted a physical risk assessment in 2022
• Energy Infrastructure Council (EIC)/GPA Midstream (GPA) ESG Reporting Framework (Version 2.0)

Our Sustainability Reporting Framework

Our 2022 sustainability report highlights our progress on key ESG initiatives, identifies focus areas for 2023 and demonstrates our commitment to providing our stakeholders with a transparent and authentic view of our ESG performance. During 2022, we continued to leverage the robust internal procedures we use for our financial reports and the controls and procedures we developed and utilized for our 2021 sustainability report, led by our Internal Audit and Financial Reporting departments. The procedures include controls for all functional groups to be accountable for the data, methodologies and processes presented within this report. 

The process outlined above was fully implemented during preparation of the 2022 sustainability report. As such, we uphold with confidence the accuracy of the information we are delivering to our stakeholders.

More information about the risks applicable to Crestwood can be found in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and other reports filed with the U.S. Securities and Exchange Commission (SEC).

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 of Directors and our Sustainability Committee. In addition, we perform an internal assurance process, as outlined above.

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.