• Home
• /
• Contact Us
• /
• Pipeline FAQs
• /
• New Projects
• /
• Vendor Registration
• /
• Multimedia

Spectra Energy Issues First Sustainability Report

November 24, 2008

Company Balances Business Needs with Stakeholder Interests, Integrating Economic, Environmental and Social Factors Into Business Strategy

HOUSTON – Spectra Energy (NYSE: SE) today issued its first sustainability report, which focuses on the company’s economic, environmental and social performance during 2007 and establishes a baseline for measuring the company’s progress.

The 41-page report, titled “Measuring Our Performance, Extending Our Reach,” outlines Spectra Energy’s approach to sustainability, which centers around four primary themes: operating in an ethically, fiscally and socially responsible manner; respecting and supporting local communities; protecting the environment; and delivering superior stakeholder value. The report also conveys the foundation-setting initiatives associated with supporting and substantiating the company’s approach, from collecting and analyzing data and establishing metrics to formalizing commitments and setting step goals for improvement.

“As a company, we have established a track record of balancing business needs with stakeholder interests,” said Fred J. Fowler, president and chief executive officer, Spectra Energy. “We firmly believe the integration of economic, environmental and social factors into business strategy creates competitive advantage and delivers superior value to shareholders – while eliciting positive effects for the global community.”

The report identifies six areas of focus for gauging performance:

• Deliver superior economic returns
• Ensure strong corporate governance and business ethics
• Operate responsibly, reliably and safely
• Protect the environment
• Value and energize employees
• Support and engage local communities

Spectra Energy achieved additional progress this year on the sustainability front. In September, the Dow Jones Sustainability Indexes named Spectra Energy to their North America index of leading sustainability-driven companies. Soon after, the Carbon Disclosure Project recognized Spectra Energy’s transparency in reporting by adding the company to its U.S. S&P 500 Carbon Disclosure Leadership Index for carbon-intensive companies.

Spectra Energy’s comprehensive 2007-2008 sustainability report is available online at www.spectraenergy.com/our_responsibility.

Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America’s premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For nearly a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company operates in the United States and Canada approximately 18,300 miles of transmission pipeline, 265 billion cubic feet of storage, natural gas gathering and processing, natural gas liquids operations and local distribution assets. Spectra Energy Corp also has a 50 percent ownership in DCP Midstream, the largest natural gas gatherer and processor in the United States. For more information, visit www.spectraenergy.com.