HOUSTON, Sept. 30, 2024 /PRNewswire/ -- Chord Energy Corporation 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.
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
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
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
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