Enriching Communities 

As a good neighbor and responsible corporate citizen, we understand our responsibility to give back to the communities where we operate in a meaningful way. We collaborate with organizations that share our goals of promoting sustainability and supporting local economic development. Our focus is on building lasting relationships through engaging partnerships, volunteering and direct financial contributions.

Approach

Crestwood’s social investment strategy takes a strategic and risk-based approach and considers the unique needs and aspirations of each community.

Crestwood’s social investment initiatives are developed to align with our four giving areas:

In 2022, we continued to implement an all-employee and executive compensation key performance indicator that encourages community volunteerism. We exceeded our 2022 goal of 2,000 volunteer hours by more than 40 percent. Additionally, we continued our focus on progressing DEI efforts in our communities, with 58 percent of our charitable donations going to DEI organizations.

The Board of Directors' Sustainability Committee reviews and approves our social responsibility and investment efforts, with the president providing oversight for all activities. Annually, we collaborate with local employees to explore investment opportunities that align with our four giving areas.

In 2022, we exceeded our goal of 2,000 volunteer hours by more than 40 percent.

Community Contributions

By aligning our support with the needs of our communities and Crestwood's organizational objectives, we aim to create a meaningful and lasting impact.  In 2022 alone, we donated $1.5 million, including our employee matching gifts and volunteering efforts, towards these causes.

Since 2018, Crestwood has donated $6.4 million to organizations that promote safety, environmental stewardship, education and workforce development and community vitality.

Volunteer Efforts

Our employees remain dedicated to serving their local communities by contributing both their time and specialized skills. Each year, Crestwood employees are eligible to receive up to eight hours of paid time off to volunteer at organizations of their choosing.

In 2022, Crestwood employees volunteered more than 2,800 hours.

Each year, we recognize our employees’ commitment to volunteerism by providing a nominated individual with a Volunteer of the Year Award. This recognition was awarded to Cyndi Franks in 2022.

Matching Gift Program

Crestwood’s matching gift program continues to be a crucial aspect of our social investment initiative. We match the contributions made by employees and retirees to eligible organizations on a dollar-for-dollar basis, up to a limit of $5,000. Our third-party platform raises awareness about the program and simplifies the donation process for employees. In 2022, our matching program contributed approximately $142,000 to organizations making a positive impact on society.

In 2022, our matching program contributed approximately $142,000 to organizations positively impacting our society.   

Anti-Human Trafficking

All Crestwood employees and businesses in our supply chain are required to agree with and adhere to our Anti-Human Trafficking Policy.

Crestwood continues to support Truckers Against Trafficking (TAT), a nonprofit organization focused on educating, equipping, empowering and mobilizing members of the trucking, bus and energy industries to combat human trafficking. The TAT training was completed by all Crestwood employees in 2021 and continues to be available for new employees. For additional information about TAT, please see the TAT Case Study in our 2021 Sustainability Report. 

Capacity Building Through Scholarships

Crestwood is committed to developing a future pipeline of leaders in the energy industry. To that end, supporting local students in achieving their academic goals remains a cornerstone of our social investment program. Our scholarship program offers opportunities for educational and workforce development with a focus on enhancing energy-related skills. Our program's focus areas include:

• STEM Scholarship Program – Providing financial assistance to students pursuing a post-secondary STEM degree
• Employee Dependent Scholarship – Providing financial assistance to students of full-time Crestwood employees
• Crestwood Women's Network Scholarship – Providing financial assistance to high school seniors seeking a post-secondary STEM-related degree with a specific focus on professional development and community service

Since 2019, Crestwood has provided nearly $813,000 in scholarships to 193 recipients through our scholarship program.

Scholarships: Total Giving Amount

	20201	20212	20223
Total Giving Amount	$132,500	$215,000	$240,000
Total Number of Participants	33	53	54
• Number of Females4	12	28	18
• Percentage of Females4	36%	53%	33%
• Number of Minorities5,6	11	11	24
• Percentage of Minorities5,6	55%	33%	57%

¹ Includes STEM Scholarship Program
^2,3 Includes STEM, CWN and Employee Dependent Scholarship Program
⁴ Includes all female recipients regardless of ethnicity
⁵ Excluding Casper College scholarship recipients, Casper College does track this information
⁶ Minority includes all male and female recipients of an ethnicity other than Caucasian

Looking Ahead

Social investment is an essential component to maintaining our social license to operate. In 2023, we plan to:

• Identify additional organizations that share our pursuit of a more diverse, equitable and inclusive society
• Continue to seek strategic volunteer opportunities that align with our goals and meaningfully impact our communities
• Build upon strong community partnerships inherited through our recent acquisitions, seek out new partnerships in these regions and expand our scholarship program
• Continue to support mental health in our communities through partnerships
• Link executive and employee compensation to matching gift and volunteer participation