Texas Pacific Land Corporation Releases Inaugural ESG Disclosure
August 26 2021 - 7:00AM
Business Wire
Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or
“TPL”) today announced the release of its inaugural Environmental,
Social, and Governance (“ESG”) disclosure. The disclosure can be
found at www.texaspacific.com/esg and provides information related
to the Company’s ongoing commitment to its community, its
stakeholders, and its ESG objectives. 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.
About TPL
Texas Pacific Land Corporation is one of the largest landowners
in the State of Texas with approximately 880,000 acres of land in
West Texas, with the majority of its ownership concentrated in the
Permian Basin. The Company is not an oil and gas producer, but its
surface and royalty ownership allow revenue generation through the
entire value chain of oil and gas development, including through
fixed fee payments for use of our land, revenue for sales of
materials (caliche) used in the construction of infrastructure,
providing sourced water and treated produced water, revenue from
our oil and gas royalty interests, and revenues related to
saltwater disposal on our land. The Company also generates revenue
from pipeline, power line and utility easements, commercial leases
and seismic and temporary permits related to a variety of land uses
including midstream infrastructure projects and hydrocarbon
processing facilities.
Visit TPL at www.texaspacific.com.
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Investor Relations IR@texaspacific.com
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