Energy Efficiency, GHG Emissions - September 14, 2022
Crescent Energy Sets 2027 Goals
Crescent Energy Company announced it will reduce Scope 1 GHG emissions by 50% by 2027 (from 2021 baseline and operations) and maintain methane emissions intensity below 0.20.%.
The company’s steps to achieve these targets include working to eliminate routine flaring, replacing pneumatic devices and pumps, increasing electrification, expanding carbon capture, use and storage and enhancing leak detection and repair programs.
Details were provided in its second environmental, social and governance report. The report includes benchmarks for measuring future performance, consistent with Crescent’s commitment to aligning with the SASB and Task Force on Climate-related Financial Disclosures (“TCFD”) frameworks.
“Improving the ESG performance of our assets is key to our business strategy and creating sustainable value for all of our stakeholders,” said David Rockecharlie, Crescent CEO in a statement. “This year’s report documents our progress in 2021 and sets meaningful goals to reinforce the right internal behaviors and showcase our commitment to integrate ESG initiatives throughout our Company. We believe our ESG performance will set us apart from our peers, while helping to mitigate risks and strengthen our operations.”