Ring Energy Announces Issuance of Inaugural Sustainability Report

Source: www.gulfoilandgas.com 12/29/2021, Location: North America

Ring Energy, Inc. has issued its Inaugural Sustainability Report. The report provides detailed information about Ring’s Environmental, Social and Governance (“ESG”) initiatives and related key performance indicators. In the creation of the document, the Company consulted the Sustainability Accounting Standards Board’s (“SASB”) Oil and Gas Exploration and Production Sustainability Accounting Standard, the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”), the Sustainable Development Goals (“SDGs”) promulgated by the United Nations, and other reporting guidance from industry frameworks and standards.

Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “Ring’s Board of Directors and executive team share a commitment to providing greater transparency and more clearly communicating our ESG initiatives and practices. Equally committed to our efforts is what we view as a best-in-class employee team and together, we are focused on creating long-term value and financial sustainability for our stakeholders while fostering a culture that is steadfast on environmental stewardship, operational safety, social responsibility and sound corporate governance. We invite you to review our Inaugural Sustainability Report to learn more about our ESG performance and our plans to drive further alignment in the future with the various reporting frameworks as we continue our ESG reporting journey.”


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