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