Our efforts were recognized by inclusion in the December 2016 Euronext Vigeo US 50 Index as one of the top 50 U.S. companies with the most advanced environmental, social, and governance (ESG) performance. Only two oil and gas exploration and production companies were included in the semi-annual assessment. The index constituents are selected by Vigeo Eiris, a global provider of ESG research to investors and public and private companies.
Another external measure of our progress was our scorecard rating from the Investor Environmental Health Network (IEHN), which rose from 19 to 35 out of a possible 43 points. This ranked us in second place among 28 companies evaluated. The scorecard cited Noble Energy as one of “a core group of companies within the industry [that] has maintained and enhanced disclosures of their practices for managing the environmental risks and community impacts of their operations.” IEHN is a collaborative partnership of investment managers and advisors concerned about the impact of corporate practices on environmental health. Its scorecard benchmarks the public disclosures of oil and gas companies engaged in horizontal drilling and hydraulic fracturing on 43 key performance indicators.
We consider environmental protection an integral part of our commitment to operational excellence. For that reason, we do not capture a separate total dollar figure for environmental protection spending. The data and examples shown in each section indicate the scope of our commitment.