SM Energy Publishes Corporate Responsibility Report And 2019 SASB Metrics
SM Energy Company (NYSE: SM) has published its updated Corporate Responsibility Report, along with 2019 Sustainability Accounting Standards Board (SASB) metrics for oil and gas exploration. Highlights of the report include greenhouse gas emissions intensity surpassing internal targets, and a notable reduction in Midland Basin flaring by two-thirds in H2 2019. Additionally, the company's safety performance ranks in the top half of its peer group, and water recycling efforts nearly doubled in the same period. For further details, visit the sustainability page.
- Greenhouse gas emissions intensity surpassed internal targets.
- Methane emissions intensity ranked in top quartile among peers.
- Midland Basin flaring reduced by approximately two-thirds from H1 2019 to H2 2019.
- Safety performance in the top half of peer group based on total recordable incident rate.
- Water recycling nearly doubled from H1 2019 to H2 2019.
- None.
DENVER, Aug. 27, 2020 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announced the publication of its updated Corporate Responsibility Report, 2019 Sustainability Accounting Standards Board (SASB) metrics for oil and gas exploration and production companies, as well as certain environmental, social and governance (ESG) metrics relevant to understanding the Company's 2019 ESG performance. Please visit the Company's website at http://sm-energy.com/sustainability/ to find: (1) a letter from Chief Executive Officer Jay Ottoson; (2) 2019 ESG Performance Highlights; (3) the Company's Corporate Responsibility Report; and (4) presentation of the Company's SASB reporting.
2019 ESG performance and accomplishments included:
- greenhouse gas (GHG) emissions intensity that beat the Company's internal target;
- methane emissions intensity that was top quartile among our peer group who report this metric as well as a reduction in Midland Basin flaring by approximately two-thirds from 1H2019 to 2H2019;
- safety performance in the top half of the Company's peer group as measured by total recordable incident rate; and
- water recycling that nearly doubled from 1H2019 to 2H2019.
In July 2020, the Company's Board of Directors delegated to its Environmental, Social and Governance Committee responsibility for oversight of the development and implementation of environmental and social policies, programs and initiatives. In August 2020, the Company initiated participation with CDP.
Chief Executive Officer Jay Ottoson comments: "Our corporate culture is rooted in strong values and integrity, and our team strives to make a positive impact on the communities where we live and work. Our commitment to environmental, social and governance best practices is consistent with our culture and fundamental to being a premier operator. I hope you enjoy the third publication of our Corporate Responsibility Report and our expanded information inclusive of SASB disclosure."
ABOUT THE COMPANY
SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the state of Texas. SM Energy routinely posts important information about the Company on its website. For more information about SM Energy, please visit its website at www.sm-energy.com.
SM ENERGY INVESTOR CONTACT
Jennifer Martin Samuels, jsamuels@sm-energy.com, 303-864-2507
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SOURCE SM Energy Company
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