CALGARY, AB, Oct. 1, 2020 /CNW/ - TORC Oil & Gas Ltd.
("TORC" or the "Company") (TSX: TOG) is pleased to announce the
completion of the Company's inaugural Sustainability Report,
highlighting the Company's efforts and commitments to responsibly
develop the Company's natural resources. The Sustainability Report
exemplifies TORC's core values of integrity and respect for the
environment and the health, safety, and well-being of employees and
the communities in which the Company operates. Environmental,
social and governance ("ESG") matters are integral to the Company's
strategy of achieving long term success and sustainability.
Brett Herman, President and CEO
of TORC, stated, "Since day one, we have focused on the
responsibility to produce energy commodities in a safe and
environmentally mindful manner. Since TORC was founded, we have
made significant contributions to the communities where we operate
and we take pride in these achievements. Our commitment to safety,
operational excellence and discipline has inspired a corporate
culture whereby all of us give our best each and every day".
Highlights and Achievements from the Sustainability Report
Include:
- Reductions in Green House Gas, methane and fugitive
emissions
- Reductions in the amount of fresh water used
- Continued prevention and reduction of oil and saltwater
spills
- Continued safety focus and reduction of workplace
incidents
- Ongoing community engagement and support
- Continued efforts to establish best-in-class governance
practices including linking executive and employee compensation to
ESG matters
The inaugural report covers performance metrics for the 2017 to
2019 calendar years.
In an effort to provide greater alignment with reporting
standards, TORC has focused on reporting in accordance with the
Sustainability Accounting Standards Board ("SASB") guidance. The
full 2020 Sustainability Report can be found on the Company's
website at www.torcoil.com.
TORC Oil & Gas Ltd. is a Calgary based company active in the
acquisition, exploration, development and production of crude oil
and natural gas in Western
Canada.
SOURCE TORC Oil & Gas Ltd.