W&T Offshore Incremental Reserves and HSE&R Performance
ENVIRONMENTAL, SOCIAL, AND GOVERNANCE
2021 Corporate
Environmental, Social,
and Governance Report
W&T OFFSHORE
Disclosure & Reporting Framework
SASB (Sustainability Accounting Standards Board)
TCFD (Task Force on Climate-related Financials Disclosures)
SDG (Sustainable Development Goals)
1)
Spill Ratio: Barrels spilled / millions of barrels produced
Environmental
Committed to protecting and preserving the environment
• Robust program of policies and continuous training
• Focused on best practices and strategies to reduce emissions
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In 2022 consolidated two Mobile Bay treating facilities into one plant, reducing emissions
Spill Ratio¹: W&T's ratio in 2022 was 0.057 compared to 1.83 GOM average in 2021
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Social
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Governance
Focused on our organization and our communities
Organization focused on open communication and trust to build a strong culture
Continuous professional development of our workforce and safety performance
57% of our executive officers and board members are women or minorities
Required diversity training throughout organization
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Strong Board oversight responsible for strategy, governance and creating long-term value
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Highest legal and ethical standards expected across entire organization
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Focused on being a responsible corporate citizen with policies and procedures
Employee and Executive Compensation tied to ESG performance metrics
Note: Additional details on our 2021 ESG report and initiatives can be found on the W&T website: https://www.wtoffshore.com/corporate-responsibility
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