Aris Water Solutions, Inc. Publishes 2023 Sustainability Report
August 05 2024 - 4:30PM
Business Wire
Aris Water Solutions, Inc. (NYSE: ARIS) (“Aris,” “Aris Water,”
or the “Company”) announced today the publication of its 2023
Sustainability Report, which details how Aris continues to build
upon its recognized leadership in enhancing water sustainability in
its areas of operation.
“We are pleased to publish our third annual Sustainability
Report which highlights our industry leadership in the development
of sustainable water treatment and technology,” said Amanda Brock,
President and CEO of Aris. “Alongside our key customers, we are
actively piloting and implementing technologies to extract
additional value from wastewater by transforming it into a valuable
resource for the water-scarce areas in which we operate. We are
committed to upholding a safe, dynamic and rewarding place to work,
governed by an independent and well qualified Board, to create
sustainable growth that benefits all of our employees and
stakeholders.”
Highlights from the 2023 Sustainability Report include:
- Continued focus on health and safety including a 9% reduction
in Total Recordable Incident Rate and a 100% reduction in Days Away
Restricted or Transferred1
- 8% annual increase in produced water recycled volumes, reducing
the extraction and use of groundwater from Permian Basin aquifers
by nearly 5 billion gallons in 20231
- 13% decrease in Scope 1 emissions primarily through continued
electrification of our assets1
- In 2023, ExxonMobil joined our Joint Industry Project (“JIP”)
with Chevron and ConocoPhillips; the JIP is progressing through
pilot testing of differentiated technologies to treat produced
water for beneficial reuse in the Permian Basin
- Selected by the Department of Energy for field-based testing of
treated produced water for irrigation of non-consumptive
agriculture
- Majority independent Board of Directors comprised of 44% women
and/or minorities1
- Commitment to diversity and inclusion; 73% of all employees are
women and/or minorities1
The Report also includes tables providing supplementary data for
Company energy usage, emissions, water intensity, safety,
diversity, human capital management, and board composition.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact,
included in this press release that address activities, events or
developments that the Company expects, believes or anticipates will
or may occur in the future are forward-looking statements. These
statements are based on certain assumptions and analyses made by
the Company based on management’s experience, expectations and
perception of historical trends, current conditions, current plans,
anticipated future developments, expected financings, technology
developments, regulatory frameworks and other factors believed to
be appropriate. Forward-looking statements are not guarantees of
performance. Although the Company believes the expectations
reflected in its forward-looking statements are reasonable and are
based on reasonable assumptions, no assurance can be given that
these assumptions are accurate or that any of these expectations
will be achieved (in full or at all) or will prove to have been
correct. Moreover, such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the Company, which may cause actual results to differ
materially from those implied or expressed by the forward-looking
statements. These include the risk factors and other information
discussed or referenced in the Report under the heading “Cautionary
Statements” as well as in the Company’s most recent Annual Report
on Form 10-K and other filings with the Securities and Exchange
Commission. Any forward-looking statement speaks only as of the
date on which such statement is made, and the Company undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law. Information on the Company’s
website is not part of this press release.
About Aris Water Solutions, Inc.
Aris Water Solutions, Inc. (NYSE: ARIS) is a leading,
growth-oriented environmental infrastructure and solutions company
that directly helps its customers reduce their water and carbon
footprints. Aris Water delivers full-cycle water handling and
recycling solutions that increase the sustainability of energy
company operations. Its integrated pipelines and related
infrastructure create long-term value by delivering high-capacity,
comprehensive produced water management, recycling and supply
solutions to operators in the core areas of the Permian Basin.
Additional information is available on our website,
www.ariswater.com.
1 Percentages are calculated using the change from 2023 to 2022.
Reporting year 2022 refers to the period from 1/1/2022 to
12/31/2022.
Reporting year 2023 refers to the period from 1/1/2023 to
12/31/2023.
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version on businesswire.com: https://www.businesswire.com/news/home/20240805194197/en/
David Tuerff Senior Vice President, Finance and Investor
Relations (281) 501-3070 IR@ariswater.com
Aris Water Solutions (NYSE:ARIS)
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