Crestwood Publishes Inaugural 2018 Sustainability Report

HOUSTON–(BUSINESS WIRE)–Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood” or “CEQP”)
announced today the publication of its inaugural 2018 sustainability
report highlighting its MLP industry leading sustainability program. The
report, entitled Growing Through Connections, enhances
transparency on Crestwood’s environmental, social and governance (ESG)
performance and highlights the company’s three-year sustainability
strategy as it continues to integrate sustainability into every aspect
of the business. The 2018 sustainability report is available at https://esg.crestwoodlp.com.

“Crestwood is proud to be a leading MLP midstream company with the early
issuance of a sustainability report, demonstrating our long-term
commitment to sustainability and our best-in-class approach to
environmental stewardship, safety and community relations,” said Robert
G. Phillips, Chairman, President and Chief Executive Officer of
Crestwood’s general partner. “Our approach to sustainability takes into
consideration the interest of all of our stakeholders – from those who
invest in us, work for us and partner with us, to those who live near
our projects and operations. Our strategy is to identify ESG risks and
opportunities most significant to our business and integrate them into
our strategic framework and capital allocation decisions, which will
help us deliver solid financial results and position us to grow and
prosper in the long-term.”

Highlights in Crestwood’s 2018 sustainability report include:

  • Crestwood’s materiality assessment: Crestwood conducted its
    first materiality assessment to identify, assess and prioritize the
    ESG topics that are most significant to the business and its
    stakeholders. Led by third-party consultants, the assessment process
    identified 12 material topics that shaped the report content and key
    performance indicators.
  • Three year sustainability strategy: Crestwood identified five
    key sustainability focus areas that represent not only risks to be
    managed, but also significant opportunities. These include: Supply
    Chain Management, ESG Investor Strategy and Disclosure, Environmental
    Stewardship, Diversity and Inclusion, and Social Investment. These
    focus areas are aligned with Crestwood’s business goals, while also
    being responsive to its stakeholders.
  • Ensuring the safety of employees and contractors: Crestwood’s
    safety performance was strong in 2018, with improvements in its
    leading and lagging indicators. Crestwood saw a 9 percent reduction in
    its Total Recordable Incident Rate and a 59 percent reduction in its
    Preventable Vehicle Incident Rate for employees and contractors.
  • Reducing operational footprint: Crestwood is focused on
    minimizing habitat disturbances and is implementing leak detection
    methods to improve operational efficiencies and reduce emissions.
  • Building resilient relationships with communities: Since 2013,
    Crestwood has invested over $2 million in long-term economic
    development projects in North Dakota that enhance local access to
    healthcare and early childhood education in addition to annual
    sponsorships of community and tribal events.

Crestwood’s first sustainability report has been prepared in accordance
with the Global Reporting Initiative (GRI) Standards: Core option. GRI
is an international independent standards organization and is the most
widely adopted global standard for sustainability reporting. New
investor and ESG presentation materials were also posted to Crestwood’s
website at www.crestwoodlp.com.

About Crestwood Equity Partners LP

Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a
master limited partnership that owns and operates midstream businesses
in multiple shale resource plays across the United States. Crestwood
Equity is engaged in the gathering, processing, treating, compression,
storage and transportation of natural gas; storage, transportation,
terminalling, and marketing of NGLs; gathering, storage, terminalling
and marketing of crude oil; and gathering and disposal of produced
water. Visit Crestwood Equity Partners LP at www.crestwoodlp.com;
and to learn more about Crestwood’s sustainability efforts, please visit https://esg.crestwoodlp.com.

Forward Looking Statements

This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal securities law. Such forward-looking statements are
subject to a variety of known and unknown risks, uncertainties, and
other factors that are difficult to predict and many of which are beyond
management’s control. These risks and assumptions are described in
Crestwood’s annual reports on Form 10-K and other reports that are
available from the United States Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on forward-looking
statements, which reflect management’s view only as of the date made. We
undertake no obligation to update any forward-looking statement, except
as otherwise required by law.

Contacts

Crestwood Equity Partners LP
Investor Contact

Josh Wannarka, 713-380-3081
[email protected]
Vice
President, Investor Relations

Sustainability Contact

Joanne Howard, 832-519-2211
[email protected]
Director,
Sustainability and Corporate Communications

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