Ring Energy Announces Issuance of 2024 Sustainability Report
Ring Energy (NYSE American: REI) has released its fourth consecutive annual Sustainability Report for 2024, highlighting significant progress in Environmental, Social, and Governance (ESG) initiatives. The report showcases the company's achievements, including a notable 59% year-over-year reduction in Scope 1 Greenhouse Gas emissions during 2023, primarily through reduced flaring and casing gas venting.
The 2024 Report details benefits from recent strategic acquisitions and asset dispositions, enabling investments in advanced technologies to reduce environmental impact, enhance employee programs, and strengthen community partnerships. The report's methodology aligns with multiple industry standards, including SASB's Oil and Gas Exploration and Production Sustainability Accounting Standard, GRI's Global Reporting Initiative, TCFD recommendations, and UN's Sustainable Development Goals.
Ring Energy (NYSE American: REI) ha pubblicato il suo quarto Rapporto di Sostenibilità annuale consecutivo per il 2024, evidenziando progressi significativi nelle iniziative in materia di Ambiente, Sociale e Governance (ESG). Il rapporto mette in risalto i successi dell'azienda, incluso un notevole riduzione del 59% delle emissioni di gas serra di Scope 1 durante il 2023, principalmente grazie alla diminuzione delle torce e della ventilazione del gas di rivestimento.
Il Rapporto 2024 dettagli i benefici derivanti da acquisizioni strategiche recenti e dismissioni di asset, consentendo investimenti in tecnologie avanzate per ridurre l'impatto ambientale, migliorare i programmi per i dipendenti e rafforzare le partnership con la comunità. La metodologia del rapporto si allinea con vari standard settoriali, inclusi gli Standard di Contabilità per la Sostenibilità nell'Esplorazione e Produzione di Petrolio e Gas di SASB, l'Iniziativa di Rendicontazione Globale di GRI, le raccomandazioni del TCFD e gli Obiettivi di Sviluppo Sostenibile delle Nazioni Unite.
Ring Energy (NYSE American: REI) ha publicado su cuarto Informe de Sostenibilidad anual consecutivo para 2024, destacando avances significativos en iniciativas de Medio Ambiente, Sociales y de Gobernanza (ESG). El informe muestra los logros de la empresa, incluyendo una notable reducción del 59% en las emisiones de gases de efecto invernadero de Alcance 1 durante 2023, principalmente a través de la reducción de la quema de gas y la ventilación de gases de revestimiento.
El Informe 2024 detalla los beneficios de adquisiciones estratégicas recientes y disposiciones de activos, lo que permite inversiones en tecnologías avanzadas para reducir el impacto ambiental, mejorar los programas para empleados y fortalecer las asociaciones con la comunidad. La metodología del informe se alinea con múltiples estándares de la industria, incluyendo el Estándar de Contabilidad de Sostenibilidad en Exploración y Producción de Petróleo y Gas de SASB, la Iniciativa de Reporte Global de GRI, las recomendaciones de TCFD y los Objetivos de Desarrollo Sostenible de la ONU.
링 에너지(Ring Energy, NYSE American: REI)가 2024년을 위한 네 번째 연속 지속 가능성 보고서를 발표했습니다. 이 보고서는 환경, 사회 및 지배 구조(ESG) 이니셔티브에서의 중요한 발전을 강조하고 있습니다. 보고서는 2023년 동안 범위 1 온실가스 배출량을 전년 대비 59% 감소시킨 회사의 성과를 보여 주며, 이는 주로 가스 제거와 케이싱 가스 배출 감소를 통해 이루어졌습니다.
2024년 보고서는 최근의 전략적 인수와 자산 처분으로 인한 이점, 환경 영향을 줄이고 직원 프로그램을 개선하며 지역 사회 파트너십을 강화하기 위한 첨단 기술에 대한 투자 가능성을 자세히 설명합니다. 보고서의 방법론은 SASB의 석유 및 가스 탐사 및 생산 지속 가능성 회계 기준, GRI의 글로벌 리포팅 이니셔티브, TCFD 권고안 및 UN의 지속 가능한 개발 목표와 같은 여러 산업 표준과 일치합니다.
Ring Energy (NYSE American: REI) a publié son quatrième rapport annuel de durabilité consécutif pour 2024, mettant en évidence des progrès significatifs dans les initiatives environnementales, sociales et de gouvernance (ESG). Le rapport présente les réalisations de l'entreprise, y compris une réduction remarquable de 59 % des émissions de gaz à effet de serre de portée 1 en 2023, principalement grâce à la réduction de la torchage et à l'évacuation des gaz de revêtement.
Le rapport 2024 détaille les avantages résultant d'acquisitions stratégiques récentes et de cessions d'actifs, permettant des investissements dans des technologies avancées pour réduire l'impact environnemental, améliorer les programmes destinés aux employés et renforcer les partenariats communautaires. La méthodologie du rapport s'aligne sur plusieurs normes de l'industrie, y compris la norme de comptabilité de durabilité pour l'exploration et la production de pétrole et de gaz de SASB, l'Initiative de Rapport Mondial (GRI), les recommandations du TCFD et les Objectifs de Développement Durable de l'ONU.
Ring Energy (NYSE American: REI) hat ihren vierten aufeinanderfolgenden jährlichen Nachhaltigkeitsbericht für 2024 veröffentlicht, in dem erhebliche Fortschritte bei Umwelt-, Sozial- und Governance-Initiativen (ESG) hervorgehoben werden. Der Bericht zeigt die Erfolge des Unternehmens, einschließlich einer bemerkenswerten Reduktion der Treibhausgasemissionen der Stufe 1 um 59 % im Vergleich zum Vorjahr im Jahr 2023, hauptsächlich durch reduzierte Fackelverbrennung und Entspannung von Verrohrgasen.
Der Bericht 2024 detailliert die Vorteile aus jüngsten strategischen Übernahmen und der Veräußerung von Vermögenswerten, die Investitionen in fortschrittliche Technologien ermöglichen sollen, um die Umweltauswirkungen zu reduzieren, Mitarbeiterprogramme zu verbessern und Gemeinschaftspartnerschaften zu stärken. Die Methodik des Berichts stimmt mit mehreren Branchenstandards überein, darunter SASBs Rechnungslegungsstandard für Nachhaltigkeit in der Öl- und Gasexploration und -produktion, die Globale Berichtsinitiative (GRI), die Empfehlungen des TCFD und die Nachhaltigkeitsziele der UN.
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THE WOODLANDS, Texas, Dec. 31, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that it has issued its 2024 Sustainability Report (the “2024 Report”), which is available on the Company’s website at www.ringenergy.com under the “Sustainability” tab.
The 2024 Report marks the fourth consecutive annual update. It provides comprehensive information about Ring’s Environmental, Social and Governance (“ESG”) initiatives and continued ESG progress on multiple fronts, including multi-year targeted capital investments, that are directly contributing to the Company’s further sustainability. The 2024 Report highlights the significant benefits afforded by Ring’s recent strategic acquisitions and asset dispositions, the combination of which provide the opportunity to further invest in leading technologies designed to reduce the Company’s relative environmental footprint over time, enhance its employee training and benefits programs, and partner with the local communities in which the Company operates. One key example of Ring’s ongoing sustainability success in 2023 was the
In the creation of the document, the Company primarily consulted the Sustainability Accounting Standards Board’s (“SASB”) Oil and Gas Exploration and Production Sustainability Accounting Standard and the Global Sustainability Standards Board’s Global Reporting Initiative (“GRI”) and associated Oil & Gas Sector Standards. In addition, the Company considered the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”), the Sustainable Development Goals (“SDGs”) promulgated by the United Nations, and guidance from other industry frameworks and the various ESG ratings agencies, as appropriate.
About Ring Energy, Inc.
Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. For additional information, please visit www.ringenergy.com.
Safe Harbor Statement
This release contains 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. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitation, statements with respect to the Company’s sustainability / ESG strategy and related efforts, as well as the expected continued positive impact from recent strategic acquisitions, asset dispositions, and other corporate actions. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the Securities and Exchange Commission, including its Form 10-K for the fiscal year ended December 31, 2023, and its other filings. Ring undertakes no obligation to revise or update publicly any forward-looking statements, except as required by law.
Contact Information
Al Petrie Advisors
Al Petrie, Senior Partner
Phone: 281-975-2146
Email: apetrie@ringenergy.com
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