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Chord Energy Releases 2023 Sustainability Report

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Chord Energy (NASDAQ: CHRD) has released its 2023 Sustainability Report, highlighting the company's commitment to sustainable operations and transparent reporting. Key achievements include:

  • A 9% decrease in operated Scope 1 GHG emissions intensity compared to 2022
  • A 44% decrease in operated Scope 1 methane emissions intensity compared to 2022
  • Joining the World Bank's Zero Routine Flaring initiative
  • A 36% reduction in Total Recordable Incident Rate (TRIR) compared to 2022
  • Donations of approximately $1 million to charitable organizations

The report also highlights corporate governance achievements, including 90% of directors having prior E&P experience and 100% of committee chairs being women in 2023. The report's contents were guided by frameworks such as TCFD, SASB, GRI, and AXPC ESG Metrics Framework.

Chord Energy (NASDAQ: CHRD) ha pubblicato il suo Rapporto di Sostenibilità 2023, evidenziando l'impegno dell'azienda per operazioni sostenibili e una reportistica trasparente. Tra i principali risultati si annoverano:

  • Una riduzione del 9% dell'intensità delle emissioni GHG Scope 1 operate rispetto al 2022
  • Una riduzione del 44% dell'intensità delle emissioni di metano Scope 1 operate rispetto al 2022
  • Ingresso nell'iniziativa Zero Routine Flaring della Banca Mondiale
  • Una riduzione del 36% del Tasso di Incidenti Registrabili Totali (TRIR) rispetto al 2022
  • Donazioni di circa 1 milione di dollari a organizzazioni benefiche

Il rapporto evidenzia inoltre i risultati nella governance aziendale, tra cui il 90% dei direttori con esperienza pregressa nel settore E&P e il 100% dei presidenti delle commissioni donne nel 2023. I contenuti del rapporto sono stati guidati da framework come TCFD, SASB, GRI e l'AXPC ESG Metrics Framework.

Chord Energy (NASDAQ: CHRD) ha publicado su Informe de Sostenibilidad 2023, destacando el compromiso de la empresa con operaciones sostenibles y una reportación transparente. Los logros clave incluyen:

  • Una disminución del 9% en la intensidad de las emisiones de GHG Scope 1 operadas en comparación con 2022
  • Una disminución del 44% en la intensidad de las emisiones de metano Scope 1 operadas en comparación con 2022
  • Unirse a la iniciativa de Zero Routine Flaring del Banco Mundial
  • Una reducción del 36% en la Tasa Total de Incidentes Registrables (TRIR) en comparación con 2022
  • Donaciones de aproximadamente 1 millón de dólares a organizaciones benéficas

El informe también resalta los logros en gobernanza corporativa, incluyendo el 90% de los directores con experiencia previa en E&P y el 100% de los presidentes de comités siendo mujeres en 2023. El contenido del informe fue guiado por marcos como TCFD, SASB, GRI y el Marco de Métricas ESG de AXPC.

Chord Energy (NASDAQ: CHRD)는 2023 지속 가능성 보고서를 발표하며 회사의 지속 가능한 운영 및 투명한 보고에 대한 약속을 강조했습니다. 주요 성과는 다음과 같습니다:

  • 2022년 대비 운영되는 Scope 1 온실가스 배출 강도 9% 감소
  • 2022년 대비 운영되는 Scope 1 메탄 배출 강도 44% 감소
  • 세계은행의 제로 루틴 플레어링 이니셔티브에 참여
  • 2022년 대비 총 기록 가능한 사고 비율 (TRIR) 36% 감소
  • 자선 단체에 약 100만 달러 기부

보고서는 또한 2023년 이사회 회원의 90%가 E&P 경험을 보유하고 있으며, 위원회 의장의 100%가 여성인 기업 거버넌스 성과를 강조합니다. 보고서의 내용은 TCFD, SASB, GRI 및 AXPC ESG 메트릭스 프레임워크와 같은 프레임워크에 의해 안내되었습니다.

Chord Energy (NASDAQ: CHRD) a publié son Rapport de Durabilité 2023, mettant en avant l'engagement de l'entreprise en faveur d'opérations durables et d'une reporting transparent. Les principales réalisations incluent :

  • Une réduction de 9% de l'intensité des émissions de GES Scope 1 opérées par rapport à 2022
  • Une réduction de 44% de l'intensité des émissions de méthane Scope 1 opérées par rapport à 2022
  • Adhésion à l'initiative Zero Routine Flaring de la Banque Mondiale
  • Une réduction de 36% du Taux Total des Incidents Enregistrables (TRIR) par rapport à 2022
  • Des dons d'environ 1 million de dollars à des organisations caritatives

Le rapport met également en lumière les réalisations en matière de gouvernance d'entreprise, notamment 90% des administrateurs ayant une expérience préalable en E&P et 100% des présidents de comités étant des femmes en 2023. Le contenu du rapport a été guidé par des cadres tels que TCFD, SASB, GRI et le Cadre de Métriques ESG d'AXPC.

Chord Energy (NASDAQ: CHRD) hat seinen Nachhaltigkeitsbericht 2023 veröffentlicht, in dem das Engagement des Unternehmens für nachhaltige Praktiken und transparente Berichterstattung hervorgehoben wird. Zu den wichtigsten Errungenschaften gehören:

  • Eine 9%ige Reduzierung der betriebenen Scope 1 Treibhausgasemissionsintensität im Vergleich zu 2022
  • Eine 44%ige Reduzierung der betriebenen Scope 1 Methanemissionsintensität im Vergleich zu 2022
  • Beitritt zur Zero Routine Flaring-Initiative der Weltbank
  • Eine 36%ige Reduzierung der Total Recordable Incident Rate (TRIR) im Vergleich zu 2022
  • Spenden von etwa 1 Million Dollar an wohltätige Organisationen

Der Bericht hebt auch die Erfolge in der Unternehmensführung hervor, darunter, dass 90% der Direktoren über vorherige Erfahrungen im E&P-Bereich verfügen und 100% der Ausschussvorsitzenden Frauen im Jahr 2023 sind. Die Inhalte des Berichts wurden von Rahmenwerken wie TCFD, SASB, GRI und dem AXPC ESG Metrics Framework geleitet.

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HOUSTON, Sept. 30, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord" or the "Company") today announced the release of its 2023 Sustainability Report, which highlights Chord's commitment to sustainable operations and transparent reporting of environmental stewardship, social responsibility and corporate governance. The report is available on the Company's website at www.chordenergy.com/sustainability.

"We are pleased to share Chord's 2023 Sustainability Report with our stakeholders," said Danny Brown, Chord Energy's President and Chief Executive Officer. "We remain committed to meeting the world's growing energy needs by delivering affordable and reliable energy in a sustainable and responsible manner. Our goal with this report is to provide transparent and authentic information about Chord's continuing commitment to sustainable business operations. We welcome feedback from our stakeholders on our progress and look forward to building upon our sustainability efforts to shape an even stronger future for Chord and the communities we serve."

Highlights from Chord's 2023 Sustainability Report include:

Environmental Stewardship

  • 9% decrease in operated Scope 1 GHG emissions intensity in 2023 as compared to 2022 and 57% decrease as compared to 2019
  • 44% decrease in operated Scope 1 methane emissions intensity in 2023 as compared to 2022 and 70% decrease as compared to 2019
  • Joined World Bank's Zero Routine Flaring initiative
  • Achieved top quartile spill performance on our core assets in North Dakota and Montana when benchmarked against industry peers

Social Responsibility

  • 36% reduction in the Total Recordable Incident Rate (TRIR) in 2023 as compared to 2022
  • Donated ~$1MM in 2023 to charitable organizations serving education, the environment, mental health, food pantries and first responders

Corporate Governance

  • 90% of directors in 2023 have prior E&P experience
  • 100% of committee chairs in 2023 were women
  • Over 250 face-to-face interactions with shareholders in 2023

The contents of the 2023 Sustainability Report were informed by our stakeholders and guided by various frameworks, including the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board's (SASB) Extractives & Minerals Processing Sector: Oil & Gas – Exploration & Production Standard, the Global Reporting Initiative (GRI) Standard for Oil & Gas, and the American Exploration and Production Council (AXPC) ESG Metrics Framework. 

About Chord Energy

Chord Energy Corporation is an independent exploration and production company with quality and sustainable long-lived assets in the Williston Basin. The Company is uniquely positioned with a best-in-class balance sheet and is focused on rigorous capital discipline and generating free cash flow by operating efficiently, safely and responsibly to develop its unconventional onshore oil-rich resources in the continental United States. For more information, please visit the Company's website at www.chordenergy.com.

Forward-Looking Statements

This press release may include certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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 the Company's annual reports on Form 10-K and other reports that are available from the United States Securities and Exchange Commission ("SEC"). Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's view only as of the date made.

Any forward-looking statement speaks only as of the date on which such statement is made and Chord undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

For more information, contact IR@chordenergy.com

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SOURCE Chord Energy

FAQ

What were Chord Energy's (CHRD) key environmental achievements in 2023?

Chord Energy (CHRD) reported a 9% decrease in operated Scope 1 GHG emissions intensity and a 44% decrease in operated Scope 1 methane emissions intensity in 2023 compared to 2022. They also joined the World Bank's Zero Routine Flaring initiative and achieved top quartile spill performance on their core assets in North Dakota and Montana.

How much did Chord Energy (CHRD) donate to charitable organizations in 2023?

Chord Energy (CHRD) donated approximately $1 million in 2023 to charitable organizations serving education, the environment, mental health, food pantries, and first responders.

What was Chord Energy's (CHRD) improvement in safety performance for 2023?

Chord Energy (CHRD) reported a 36% reduction in the Total Recordable Incident Rate (TRIR) in 2023 compared to 2022, demonstrating a significant improvement in safety performance.

What corporate governance achievements did Chord Energy (CHRD) report for 2023?

Chord Energy (CHRD) reported that 90% of directors had prior E&P experience, 100% of committee chairs were women, and the company had over 250 face-to-face interactions with shareholders in 2023.

Which sustainability frameworks guided Chord Energy's (CHRD) 2023 Sustainability Report?

Chord Energy's (CHRD) 2023 Sustainability Report was guided by frameworks including the Task Force on Climate-related Financial Disclosures (TCFD), SASB's Oil & Gas Exploration & Production Standard, the Global Reporting Initiative (GRI) Standard for Oil & Gas, and the American Exploration and Production Council (AXPC) ESG Metrics Framework.

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