Enterprise Products Partners

While Enterprise Products Partners shows interest in hydrogen and CCS, the company does not disclose financial information on its investments in R&D of lower emission technologies. This calls into question the resilience of its strategy in a low-carbon economy. The company should dedicate the majority of its planned R&D expenditure towards low-carbon technologies in order to significantly expand their role in the company’s operations and revenue.

The company has not disclosed a low-carbon transition plan or demonstrated an intention to develop one in the future. The company needs to establish a time-bound action plan that outlines how it will transition to a low-carbon economy. The plan should include medium- and long-term targets, verifiable and quantifiable key performance indicators and financial commitments. It should also be informed by climate scenario analysis to ensure that the plan’s ambition is sufficient to align with a 1.5°C pathway.

As a midstream company involved in transporting, storing and marketing of oil and gas products, Enterprise Products Partners is well-positioned for engagement with suppliers and clients. The company can engage with its customers in order to influence them to reduce their greenhouse gas (GHG) emissions and transition to low-carbon products.

Enterprise Products Partners has not set any emissions reduction targets and does not disclose plans to develop any. The company should develop a long-term target that aligns with its 1.5°C pathway and covers its scope 1, 2 and 3 emissions. Additionally, the company should set intermediate targets no more than five years apart to incentivise near-term action on longer-term goals.

Enterprise Products Partners has not developed a low-carbon transition plan, nor does it plan to in the future. The company does not have any emissions reduction targets and it has not developed any low-carbon business models.

While the company claims to strive for emissions reduction in its sustainability report, it has not announced a low-carbon transition plan and does not provide information regarding emissions reduction targets.

The company is capitalising on its existing energy infrastructure, which is based on fossil fuels. It is assessing opportunities in CCS, hydrogen and lower emission fuels; however, these are seen only as additive. The company’s efforts to reduce emissions intensity focus only on improvements to current operations, rather than moving away from fossil fuels.

Enterprise Products Partners does not disclose sufficient emissions data to assess its historic emissions intensity trend. There is also no evidence that the company is taking steps to transition its business model.

Enterprise Products Partners has not developed a low-carbon transition plan, nor is it planning to. The company does not support the idea of an energy transition away from fossil fuels and argues for “energy addition” instead – an idea which supports continuing use of fossil fuels alongside less carbon intensive solutions. The company is aiming to reduce its emissions, but it is not committed to the low-carbon transition.

No evidence was found of the company’s commitment to social dialogue or of the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders. No evidence was found of the company undertaking just transition planning to mitigate the social impacts of the low-carbon transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups. Additionally, no relevant disclosure was found of the company’s assessment of employment dislocation risks. The company discloses the actions it takes to provide education and training opportunities for workers and affected stakeholders. For instance, it assists employees pursuing training at universities and provides support towards scholarships. However, no relevant disclosure was found of the company embedding equality of opportunity for women and vulnerable groups in these actions. Furthermore, no evidence was found of the company having a process for identifying skills gaps for workers and affected stakeholders or a public commitment to help workers displaced by the transition to re- or up-skill.

No relevant disclosure was found to show if the company identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders. No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

While the company offers a grievance mechanism where workers and external individuals can report issues related to human rights, no other policies or commitments of the company related to respect for human rights were found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain.

The company commits to respecting the health and safety of its workers, and it discloses some statistics about the diversity of its workforce. No other evidence of the company’s policies or commitments related to key decent work issues was found in the public domain. These commitments include the provision of secure, safe and healthy workplaces, where workers are fairly renumerated and have a meaningful say in decision-making.

The company has a policy prohibiting bribery and corruption and a confidential and anonymous mechanism accessible to all stakeholders to raise bribery and corruption concerns. However, no other policies or commitments of the company related to key ethical business topics – personal data protection, tax, bribery and corruption, and lobbying and political engagement – were found in the public domain. This includes ensuring ethical business conduct throughout its operations and in its relationships with business partners.