Williams, which manages one-third of U.S. natural gas, leads the energy transition with a 30% GHG intensity reduction goal by 2028. In 2023, it became the first large-scale U.S. midstream company to join OGMP 2.0 and exceeded its 5% methane reduction target, outperforming its 2020-2022 three-year (AIP) average.
The Value of Partnership
Williams is at the forefront of powering a more sustainable, low-carbon economy. Context Labs has played a pivotal role in advancing climate innovation at Williams by supporting the creation of new, verified carbon intensity offerings such as NextGen Gas, with quantified and independently verified emissions natural gas.
Context Labs Decarbonization as a Service (DaaS) carbon management platform provides secure emissions accounting and digitally quantifies and contextualizes climate data from any source, allowing Williams to accurately track methane emissions across its value chain and understand its climate performance at the asset level.
Context Labs offers critical capabilities that differentiate Williams. Along with our rigorous accounting methodologies, we collaborate with industry-leading, third-party verifiers to externally validate Williams’ emissions. This process enhances trust and transparency in Williams’ carbon performance claims for downstream buyers.
Williams’ trusted, measurement-backed emissions performance creates new commercial opportunities for NextGen Gas to meet market demands. It also positions the company to streamline compliance for new regulations that will take effect beginning this year.
Williams combines operational excellence with forward-thinking investments in clean energy technology to advance sustainability. Partnering with Context Labs has enabled Williams to modernize its GHG data collection, calculation and reporting program, strengthen data transparency, and increase internal accountability for achieving its climate commitments.
Context Labs will continue to support Williams’ efforts to deliver reliable, affordable, and low-carbon energy. Our collaboration demonstrates the industry can innovate how emissions are measured and managed, proving that oil and gas companies can meet the world’s growing energy demands both sustainability and profitably.
Key 2023 Highlights
- Industry recognition: Named to the Dow Jones Sustainability North America Index for the fourth consecutive year and the Dow Jones Sustainability World Index for the third consecutive year.
- Modeling a standard for sustainability: Scored in the top 10% of the oil and gas storage and transportation industry peer group for the S&P Global Corporate Sustainability Assessment 2024 Sustainability Yearbook.
- Strengthening climate governance: Received an ‘A−’ score for the CDP Climate Change 2023 Questionnaire — surpassing the industry’s C average.
- Advancing transparency: GRESB: Achieved an ‘A’ rating for its 2023 GRESB Public Disclosure Level.
- Setting ambitious targets: Announced an updated GHG emissions reduction goal to decrease carbon emissions by 30% from 2018 levels by 2028.
- Leading the energy transition: Approved a Scope 1 methane intensity target of 0.0375% by 2028 for operated assets — a goal that is lower than the threshold the EPA established for methane intensity.
Below are a few select quotes from the report that highlight the Context Labs advantage:
“Industry-leading partnerships and standards guide our QMRV programs, including a partnership with Context Labs as part of our NextGen Gas offering.”
pg. 35
“DaaS™ offers Williams the added benefit of helping us better understand our value chain emissions and provide a clearer path to achieving our GHG emissions targets.”
pg. 21