California Resources Corporation Releases 2022 Sustainability Update Detailing Progress on Sustainability Initiatives and ESG Performance
17 Agosto 2023 - 5:00PM
Business Wire
California Resources Corporation (NYSE: CRC) today announced the
publication of its 2022 Sustainability Update. The Update details
the progress CRC made last year as it continues to work toward
meeting a high standard for environmental, social and governance
(ESG) performance and its 2045 Full-Scope Net Zero Goal.
“At CRC, we are dedicated to becoming an even more sustainable
energy company while prioritizing health, safety, and the
environment in all we do,” said Francisco Leon, CRC President and
Chief Executive Officer. “We are proud to share our accomplishments
in 2022 as we continued to expand our sustainability leadership by
providing some of the lowest carbon intensity production in the US,
impactful community engagement activities, and key carbon
management opportunities, such as our Carbon TerraVault (CTV)
carbon capture and storage (CCS) projects.”
“2022 was an important year in CRC’s sustainability journey,”
said Chris Gould, CRC Executive Vice President and Chief
Sustainability Officer. “We announced updated and expanded ESG
goals that support California’s ambitious climate goals, a
first-of-its-kind joint venture with Brookfield Renewable focused
on CCS development opportunities, and a Carbon Dioxide Management
Agreement (CDMA) for CTV’s first permanent carbon storage project.
These achievements will help advance the energy transition in
California, strengthen the communities where we live and work, and
build a more sustainable future.”
Building off its 2021 Sustainability Report and 2022 Leadership
Level Ranking of A- by CDP, CRC's 2022 Sustainability Update
references Sustainability Accounting Standards Board (SASB), Global
Reporting Initiative (GRI) and International Petroleum Industry
Environmental Conservation Association (IPIECA) standards.
Highlights and achievements from CRC’s 2022 Sustainability
Update include:
- Announced updated and expanded ESG goals on methane emissions,
freshwater usage, community giving and diversity in leadership, and
linked ESG performance to executive pay.
- Progressed toward meeting our 2045 Full-Scope Net Zero Goal for
Scope 1, 2, and 3 emissions.
- Entered into a joint venture with Brookfield Renewable to focus
on CCS development opportunities.
- Announced our first CDMA outlining the material economics and
terms of a blue hydrogen plant at CRC’s proposed Net Zero
Industrial Park located at Elk Hills in Kern County, California.
The CDMA provides a path for the parties to reach final definitive
documents and final investment decision.
- Assembled a consortium of more than 40 diverse organizations
across industry, technology, academia, national labs, community,
government, to lay the groundwork for the California Direct Air
Capture (DAC) Hub, the first full-scale DAC plus storage (DAC+S)
network of regional DAC+S hubs in the state.
- Supported our communities through charitable and community
sponsorships across the state, including a pledge of $2.5 million
to fund several Kern County initiatives with Kern Community College
District and California State University, Bakersfield, to help
advance the energy transition and create opportunities for local
students.
- Received awards and recognition from the National Safety
Council, CDP, Newsweek, and the Wildlife Habitat Council.
For more information about CRC’s sustainability efforts and to
download the 2022 Sustainability Update, please visit
crc.com/esg.
About California Resources Corporation
California Resources Corporation (CRC) is an independent energy
and carbon management company committed to energy transition. CRC
produces some of the lowest carbon intensity oil in the US and is
focused on maximizing the value of its land, mineral and technical
resources for decarbonization efforts. For more information about
CRC, please visit crc.com.
Forward Looking Statements
The information included herein contains forward looking
statements within the meaning of federal securities laws and are
subject to risks and uncertainties that could cause actual results
to differ materially from those expressed in, or implied by, such
statements. For a discussion of these risks and uncertainties,
please refer to the “Risk Factors” and “Forward-Looking Statements”
described in our Annual Report on Form 10-K for the year ended
December 31, 2022 (“Form 10-K”) and any subsequently filed
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
With respect to our ability to achieve our 2045 Full-Scope Net Zero
goal and other ESG goals, please refer to the risk factor in our
Form 10-K: “Our ability to achieve our 2045 Full-Scope Net Zero
target and other goals related to our carbon management activities
is subject to risks and uncertainties.”
All statements, other than statements of historical facts,
included in this document that address activities, events or
developments that we expect, believes or anticipates will or may
occur in the future, are forward-looking statements. Words such as
“anticipate,” “believe,” “budget,” “continue,” “could,” “estimate,”
“expect,” “goal,” “forecast,” “intend,” “likely,” “may,” “might,”
“plan,” “potential,” “project,” “seek,” “should,” “target,” “will”
or “would” and similar words that reflect the prospective nature of
events or outcomes typically identify forward looking statements.
In particular, forward-looking statements include, but are not
limited to, the following: our strategic plans, priorities, outlook
and expected performance; ESG and sustainability-related goals,
strategies, priorities and initiatives, including, among others,
those related to greenhouse gas emissions reduction (including our
Full-Scope Net-Zero Goal for Scope 1, 2, and 3 GHG emissions by
2045), energy efficiency improvement, investment in renewable
energy, water management, carbon management opportunities
(including carbon capture and storage projects), biodiversity,
diversity, equity and inclusion, supply chain sustainability,
health and safety, human capital management, community engagement
and cybersecurity; our plans to achieve our ESG and
sustainability-related goals and to monitor and report our progress
thereon; our ability to finalize definitive documents and reach a
final investment decision with respect to the projects contemplated
by a CDMA; stakeholder engagement, commitments and disclosure; and
other related items.
CRC cautions you not to place undue reliance on forward-looking
statements contained in this document, which speak only as of the
filing date, and CRC undertakes no obligation to update this
information. This document may also contain information from third
party sources. This data may involve a number of assumptions and
limitations, and CRC has not independently verified them and do not
warrant the accuracy or completeness of such third-party
information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230817420569/en/
Richard Venn (Media) 818-661-6014 Richard.Venn@crc.com
Joanna Park (Investor Relations) 818-661-3731
Joanna.Park@crc.com
California Resources (NYSE:CRC)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
California Resources (NYSE:CRC)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024