DENVER, July 27,
2023 /PRNewswire/ -- SM Energy Company (the
"Company") (NYSE: SM) today announced the publication of its
updated environmental, social and governance ("ESG") materials, all
of which are available on the Company's website at
www.sm-energy.com/sustainability/. Updated publications
include:
- Letter from our CEO to Stakeholders;
- Performance Highlights and Quick Reference Metrics, which
reports 2022 data;
- 2023 Sustainability Accounting Standards Board Report, which
reports 2022 data;
- 2023 CDP Climate Change Questionnaire ("CDP Questionnaire"),
which reports 2022 data; and
- 2023 Task Force on Climate-related Disclosures ("TCFD")
framework mapped to the CDP Questionnaire, which reports 2022
data.
2022 ESG performance and accomplishments included:
- Beat flaring target one year early. The Company reports zero
routine flaring and non-routine flaring at 0.4% of total gas
produced, achieving the Company's target of zero routine flaring
and non-routine flaring not to exceed 1% in 2023.
- Beat methane intensity target. The Company reports methane
intensity of 0.03 mT CH4/MBoe against its target methane
intensity of 0.04 mT CH4/MBoe or lower.
- Made substantial progress toward medium-term target for a 50%
reduction in Scope 1 + 2 greenhouse gas ("GHG") emissions intensity
by 2030. The Company reports GHG Emissions intensity of 8.23 mT
CO2e/MBoe, which is a reduction of 41% from the base
year of 2019.
- Ranked top quartile among AXPC peers for total recordable
incident rate ("TRIR"). Safety is our top priority, and the Company
reports 0.32 TRIR for our employees and contract workers.
Chief Executive Officer Herb
Vogel comments: "At SM Energy, our operations prioritize
safety and environmental stewardship; our corporate culture
emphasizes integrity and encourages innovation; and the
compensation of all employees is tied to ESG objectives. Please
enjoy the publication of our updated ESG disclosures, which
demonstrate our commitment to stewardship and sustainability."
ABOUT THE COMPANY
SM Energy Company is an independent energy company engaged in
the acquisition, exploration, development, and production of crude
oil, natural gas, and NGLs in the state of Texas. SM Energy
routinely posts important information about the Company on its
website. For more information about SM Energy, please visit its
website at www.sm-energy.com.
SM ENERGY INVESTOR CONTACT
Jennifer Martin Samuels,
jsamuels@sm-energy.com, 303-864-2507
Lindsay Miller,
lmiller@sm-energy.com, 303-830-5860
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SOURCE SM Energy Company