Civitas Releases Inaugural Corporate Sustainability Report

Source: www.gulfoilandgas.com 5/3/2022, Location: North America

Civitas Resources, Inc. released its inaugural Corporate Sustainability Report, which highlights the Company’s 2021 environmental and social achievements, outlines the company’s governance structure, and lays out future goals.

“It is with great pride that I introduce Civitas Resources’ inaugural Sustainability Report,” said Ben Dell, Civitas Chairman of the Board. “Civitas represents the coming together of four Colorado energy companies with extensive operating histories in the DJ Basin, who now share a single commitment to safe operations, the environment, and to the communities in which we operate,” he said. “In a short period of time, Civitas has distinguished itself among exploration and production companies as an ESG leader with ambitious objectives.”

Civitas’ key stakeholders – investors, regulators, employees, and communities – demand excellence in sustainability to ensure the Company successfully navigates the transition to a low-carbon economy and maintains its social license to operate as a top-tier energy producer in Colorado.

This inaugural report was produced utilizing three different climate disclosure frameworks in the interest of maximizing transparency as a best practice: the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosures (TCFD), and the American Exploration and Production Council (AXPC).

The Company will annually evaluate the climate disclosure framework landscape and evolving market, regulatory, and shareholder expectations to stay abreast of future annual reporting priorities.


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