Business
Diversified Energy Demonstrates Innovation, C...
Diversified Energy Demonstrates Innovation, C....
About this update from Diversified Energy Company
[{"type":"text","content":"\n\n \n \n\n Diversified Energy Demonstrates Innovation, Collaboration, and Responsibility in 2024 Sustainability Report\n\nMethane intensity improves by ~13%, a 56% reduction since 2020 Improved personal safety performance across the Company, including a 30% reduction in TRIR from 2023 Activities contributed $1 Billion to state GDPs for a third consecutive year BIRMINGHAM, Ala., April 03, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) (\"Diversified,\" \"DEC,\" or the \"Company\") is proud to release its sixth annual Sustainability Report, Winning Through Collaboration, highlighting the Company's sustainability actions and achievements in 2024. As the champion of the strategy of managing proved, developed, producing (PDP) assets, Diversified is the only publicly traded company dedicated to this approach, leveraging operational scale, vertical integration, and a proprietary technology platform to drive efficiency and long-term value. With Diversified’s Smarter Asset Management approach to asset stewardship, combined with the inherent benefits of natural gas, the Company is well-positioned to meet modern energy challenges while delivering the reliable, lower-carbon energy needed to balance growing demand with innovation in energy supply. The report details Diversified's continued progress in advancing operational excellence, reducing environmental impacts, and enhancing employee safety. Key highlights include: Protecting Our Environment Reduced methane intensity by ~13% year-over-year to 0.7 MT CO2e per MMcfe; a 56% reduction as compared to 2020 baseline (1.6 MT CO2e per MMcfe)459 pneumatic devices and pumps were eliminated or converted to non-emitting through the work of DEC’s Pneumatics Task Force and individual field teamsConducted 152,000 voluntary emission detection surveys; maintaining a ~98% no-leak rate company-wide on surveyed assetsAchieved a third consecutive year of Oil and Gas Methane Partnership 2.0 (OGMP) Gold Standard Supporting Our Employees Improved personal safety performance with a 30% reduction in TRIR while simultaneously realizing a 52% reduction in contractors with a high TRIR scoreOur 2024 motor vehicle incident rate was 0.34 incidents per miles driven, a 38% decrease from 2023 even as we increased our total number of miles driven by nearly 11%Introduced new employee physic...