Press release
Chesapeake Energy Corporation Launches New ESG Site; Enhances Reporting Transparency And Outlines Path For Achieving Climate Goals
OKLAHOMA CITY, Dec. 1, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced the launch of its environmental, social and governance
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[{"type":"text","content":"OKLAHOMA CITY, Dec. 1, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced the launch of its environmental, social and governance (ESG) microsite — a site dedicated to the company's ESG reporting and progress toward its climate-related targets. In addition to providing performance data and program updates, the ESG site outlines a path for achieving the company's ambitious ESG goals including net zero direct greenhouse gas (GHG) emissions by 2035.\n\n \n \n \n \n \n \n\n \n\"Operating responsibly and firmly embracing a lower carbon future are critically important to Chesapeake's sustainable success,\" said Nick Dell'Osso, Chesapeake's President and Chief Executive Officer. \"With a dedicated ESG microsite, Chesapeake's commitment and path to delivering meaningful ESG improvements across our business are fully transparent. We encourage our stakeholders to use the metrics, targets and strategies defined throughout the site to review our current status and understand the steps we are taking to responsibly meet today's energy needs.\"\nComprehensive content tailored to stakeholder interest\nThe newly released microsite showcases Chesapeake's commitment to ESG excellence and reducing its environmental impact while meeting lower carbon energy demand. Content highlights include:\nDetail on the Board of Directors' new Environmental and Social Governance Committee, including how this committee engages with senior leadership and employee-led ESG committees. A page dedicated to Chesapeake's industry-leading adoption of Responsibly Sourced Gas (RSG). A Climate section that fully aligns with the Task Force on Climate-Related Financial Disclosures (TCFD)'s disclosure guidance and includes reporting on Scope 1, Scope 2 and Scope 3 emissions. A renewed commitment to diversity, equity and inclusion (DEI) showcasing an action plan for increasing both workforce and supplier diversity. A new human rights policy and its application across the business. A section dedicated to the company's revised executive compensation program that caps Annual Incentive Plan payout at target for all metrics regardless of results if Chesapeake fails to meet threshold levels of environmental and safety performance.Enhanced reporting transparency and peer comparison\nChesapeake's ESG site builds upon the company's 10-year reporting history by...