California Resources Corporation Releases 2021 Sustainability Report Detailing ESG Performance and Progress on Sustainability Initiatives
10 Agosto 2022 - 5:30PM
Business Wire
California Resources Corporation (NYSE: CRC) today announced the
publication of its 2021 Sustainability Report. The report provides
an overview of CRC’s continuous progress on its sustainability
efforts in environmental, social and governance (ESG) performance
as the company advances its commitment to the energy transition and
decarbonization of local economies.
“Today, we are proud to share with you CRC’s progress and
continued leadership in ESG performance,” said Mac McFarland, CRC
President and Chief Executive Officer. “Since our inception in
2014, CRC has consistently set a high standard for environmental
stewardship, safe, responsible operations, and community
empowerment. In 2021, CRC continued our path to provide a cleaner
and more sustainable energy mix by reducing our total Scope 1, 2,
and 3 emissions by 1 million metric tons in the first year of our
2045 Full-Scope Net Zero Goal. Establishing and executing on this
goal places CRC among a select few industry peers.”
Mr. McFarland continued, “Additionally, we updated and expanded
our ESG goals on methane emissions, freshwater usage, community
giving, diversity in leadership, and linked ESG performance to
executive pay. This report illustrates the long-standing commitment
and dedication of our workforce to apply ingenuity and technology
to provide low carbon intensity energy for our state, implement our
ESG Goals that advance the state’s ambitious climate goals, and
strengthen the communities where we live and work.”
Building off its 2020 Sustainability Update and 2021 Leadership
Level Ranking of A- by CDP, CRC's 2021 Sustainability Report
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 2021 Sustainability Report
include:
- Announced 2045 Full-Scope Net Zero Goal and updated and
expanded ESG goals on methane emissions, freshwater usage,
community giving, diversity in leadership and linked ESG
performance to executive pay
- Hired first Chief Sustainability Officer
- Established Project Management Office of Asset Retirement
Obligations (ARO)
- Advanced our Carbon Management Business including our Carbon
TerraVault carbon capture and storage (CCS) projects, and
CalCapture CCS+ project
- Continued to be a net supplier of both fresh water and
electricity
- Continued to rank among the safest companies in the United
States; workforce achieved a better safety performance rating than
many non-industrial sectors in 2021
- Earned 26 National Safety Achievement Awards in each of our
operating areas and companywide in 2021 for our performance
For more information about CRC’s sustainability efforts and to
download the full length and summary versions of the 2021
Sustainability Report, please visit crc.com/esg.
About California Resources Corporation (CRC)
California Resources Corporation (CRC) is an independent oil and
natural gas company committed to energy transition in the sector.
CRC has some of the lowest carbon intensity production in the US
and we are focused on maximizing the value of our land, mineral and
technical resources for decarbonization by developing carbon
capture and storage (CCS) and other emissions reducing
projects.
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version on businesswire.com: https://www.businesswire.com/news/home/20220810005240/en/
Richard Venn (Media) 818-661-6014 Richard.Venn@crc.com
Joanna Park (Investor Relations) 818-661-3731
Joanna.Park@crc.com
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