Energy Efficiency, GHG Emissions, Industrial - September 14, 2023
Chord Energy Lowers Emissions by 53%
Chord Energy Corporation, an oil and gas company, announced a 53% decrease in operated Scope 1 GHG emissions intensity in 2022 since 2019.
The company also announced a 47% decrease in operated Scope 1 methane emissions intensity in 2022 since 2019 and is in alignment with the World Bank Zero Routine Flaring initiative.
Details were published in its 2022 Sustainability Report.
"Last year marked a pivotal year for our organization as we joined together two premier operators in the Williston Basin to form Chord Energy," said Danny Brown, Chord Energy's President and CEO, in a statement. "We are pleased to share with our stakeholders Chord's 2022 Sustainability Report, which reflects our commitment to 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 ESG progress, including our focus areas of emissions reductions, workforce health and safety, and corporate governance. We welcome feedback from our stakeholders on our progress and look forward to building upon our ESG efforts to shape an even stronger future for Chord and the communities we serve."
The contents of the 2022 Sustainability Report were 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.