PDC Energy Publishes Second Annual Sustainability Report

Source: www.gulfoilandgas.com 9/22/2021, Location: North America

PDC Energy, Inc. announced publication of its 2021 Sustainability Report, highlighting the Company’s continued efforts and commitments to responsibly developing oil and natural gas.

The report highlights the Company’s goal of increased transparency and accountability, while further aligning with the Sustainability Accounting Standards Board (SASB) and other frameworks. Further, it includes new data points identified as material by the Company and its stakeholders, including year-over-year emissions performance, reductions in flaring intensity, a heightened focus on corporate diversity and inclusion and commitment to corporate social responsibility.

Bart Brookman, President and CEO, stated, “Our approach to ESG is both thoughtful and ambitious, focused on continuous improvement in our key focus areas and designed to position our company for long-term success. We are proud to release our 2021 report, which showcases our robust disclosure, strong ESG governance and commitment to safe and environmentally-protective operations in Colorado and Texas.”

2021 Sustainability Report highlights:
- Greenhouse gas and methane emission intensity reduction goals of 60% and 50%, respectively, by 2025.
- Introduced longer-term greenhouse gas and methane emission intensity reduction goals of 74% and 70%, respectively, by 2030.
- Eliminate routine flaring by 2025, accelerating the previous goal and exceeding the target set by the World Bank Zero Routine Flaring initiative by five years.
- Achieved three years without a Lost Time Incident in each the Wattenberg Field and Delaware Basin in 2021.
- Formalized Board oversight in September with approval of Environmental, Social, Governance and Nominating Committee.

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