Texas Pacific Land Corporation Releases Inaugural ESG Disclosure

Source: www.gulfoilandgas.com 8/26/2021, Location: North America

Texas Pacific Land Corporation announced the release of its inaugural Environmental, Social, and Governance (“ESG”) disclosure. TPL’s disclosure is aligned with leading sustainability frameworks and reporting standards, including the Sustainability Accounting Standards Board (“SASB”) framework and elements of the Global Reporting Initiative’s (“GRI”) framework.

“We are excited to release our inaugural ESG disclosure, which is a reflection of our existing commitments and priorities surrounding sustainability and social responsibility,” said Tyler Glover, TPL’s Chief Executive Officer. “Over the past year, TPL has undertaken a comprehensive ESG assessment and developed an ESG program that will allow the Company to steadily build upon our sustainability objectives. I am proud of our team’s commitment and execution towards the Company’s ESG objectives. TPL is uniquely positioned to provide collaborative opportunities with customers and companies that operate on our land to drive sustainability and to ensure that our industry benefits all stakeholders.”

Key highlights from the report include:
• A snapshot of our materiality assessment results and guiding ESG topics
• The Company’s new governance framework and Board of Directors
• A record of zero fatalities, zero lost time incidents, and zero total recordable incidents in 2020
• The Company’s record of spill prevention and environmental management
• Our response to COVID-19 across our workforce and operations
• Our commitment to human capital management across employee engagement, education, and professional opportunities
• The commitment of our Board of Directors to drive our long-term growth, economic performance, and sustainability and ESG objectives
• Our ability to retain 96% of our employees in 2020

The release of our ESG disclosure reflects our commitment to long-term sustainability practices and is designed to help our stakeholders better understand TPL’s commitment and efforts regarding environmental stewardship, social responsibility, strong corporate governance, and deeply held core values.

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