Press release
CHESAPEAKE ENERGY CORPORATION RELEASES 2023 SUSTAINABILITY REPORT
OKLAHOMA CITY, June 11, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today published its 2023 Sustainability Report, marking the company's
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[{"type":"text","content":"OKLAHOMA CITY, June 11, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today published its 2023 Sustainability Report, marking the company's 12th year reporting on its environmental, social and governance (ESG) performance and the company's resilience in a lower carbon future. This reporting reflects the company's commitment to transparency, enhanced disclosures and measurable progress.\n\n \n \n \n \n \n \n\n \n\"We believe in a future where responsible energy production supports global climate ambitions and meets the needs of worldwide energy demand,\" said Nick Dell'Osso, Chesapeake's President and Chief Executive Officer. \"Chesapeake is proud to serve as a solution to today's energy challenges, accomplishing significant operational and organizational milestones while maintaining our high standards of sustainability performance. As you'll read in our sustainability reporting, our team is committed to supporting energy security and global prosperity, while reducing emissions and maintaining safe operations.\"\nSpecific 2023 sustainability highlights include:\nAchieved its 2025 climate targets on pathway to net zero: By year-end 2023, the company reduced its Scope 1 and Scope 2 GHG emissions intensity to 2.1 mtCO2e / gross operated mboe produced — beating its target of 3.0 mtCO2e / gross operated mboe produced and demonstrating a more than 60% reduction since 2020.The company followed this same trend with Scope 1 and Scope 2 methane emissions intensity, achieving 0.02% volume methane emissions / gross operated natural gas produced. This was the company's 2025 target and represents a more than 80% reduction in methane emissions intensity from 2020.These targets are in support of the company achieving net zero greenhouse gas (GHG) (Scope 1 and 2) by 2035.Joined OGMP 2.0: The company joined the Oil and Gas Methane Partnership (OGMP) 2.0 to improve the transparency and accuracy of its methane emissions reporting.Recertified all assets as 100% RSG: In 2022, Chesapeake was the first company to certify its natural gas production as responsibly sourced gas (RSG) across two major basins. The company continued this commitment by recertifying its entire portfolio in 2023.Strengthened safety programs, delivered best-in-class safety performance: In 2023, Chesapeake improved its year-over-year combined TRIR by 42%, ending t...