Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the “Company”) today published its 2023 – 2024 Corporate Sustainability Report, emphasizing the Company’s environmental, social and governance performance and providing an update on its commitment to emission intensity reductions throughout the Company’s operations.
John Reinhart, President and CEO, commented, “As a leading natural gas producer, Gulfport remains committed to emissions reductions and delivering clean, safe, affordable and reliable energy. While we are proud of our progress, we recognize the responsibility we have to our stakeholders, our employees, and the local communities where we operate. I am confident that our approach to developing our assets in a safe and environmentally responsible manner, combined with our disciplined execution and charitable partnerships, will enable us to deliver long-term value to our stakeholders while playing a key role in providing the energy our nation and the world requires.”
Corporate Sustainability Report Highlights
Environmental Stewardship
- Achieved overall “A” rating for Appalachia assets from MiQ for second consecutive year
- Lowered Scope 1 methane intensity(1) by approximately 36% in 2023 compared to 2021
- Conducted Company’s first climate risk assessment and integrated climate-related risk into Enterprise Risk Management program
- Reused or recycled approximately 75% of water generated from production and flowback operations
- Progressed in multi-year program to convert natural gas process controllers with compressed air or other non-gas venting devices across our operations to reduce methane emissions
Social
- Increased diversity in the workplace with approximately 43% of employees identifying as gender or ethnically diverse
- Reduced combined total recordable incident rate by approximately 53% in 2023 compared to 2021
- Partnered with organizations that support Gulfport’s key focus areas: education, health and human services, environmental stewardship and military and veterans
- Paid over $360 million in royalties to local landowners and working interest owners
- Paid over $34 million in production and other taxes across our asset base, helping to fund local economies
Corporate Governance
- Governed by a seven-member Board, which includes five independent directors
- Active Audit, Compensation and NESG Committees ensure full and proper governance
- Appointed two gender diverse directors, resulting in 60% diversity of independent directors
- Separated Chief Executive Officer and Chair roles while retaining Lead Independent Director
- Increased short-term compensation incentive ESG metrics to a 30% weighting
