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HOUSTON, Dec. 29, 2020 /PRNewswire/ Marking a new chapter of heightened corporate transparency, responsibility and accountability, CITGO Petroleum Corporation today released its first-ever report detailing the company s extensive environmental, social and governance (ESG) initiatives. Information contained in this release highlights the Company s progress in 2019 consistent with the accompanying report, as well as certain elements of its 2020 ESG progress.
The new report, entitled A Clear Direction Forward, represents a significant shift in the company s prior approach to corporate responsibility reporting, with an increased emphasis on ethics and governance accountability.
A Clear Direction Forward places CITGO among a growing number of forward-thinking corporations choosing to issue regular ESG reports, a more comprehensive and transparent method of reporting sustainability and societal impact metrics to a broader group of stakeholders.