Denbury Publishes 2022 Corporate Responsibility Report
July 26 2022 - 12:37PM
Business Wire
Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today
announced the publication of its seventh Corporate Responsibility
Report, disclosing key performance data for the Company’s
operations during the 2021 calendar year. The report demonstrates
Denbury’s continued dedication to transparency and was prepared
based on the recommendations of the Task Force on Climate-Related
Financial Disclosures (“TCFD”), in accordance with the Global
Reporting Initiative (“GRI”) Standards: Core Option and includes
indicators from the Sustainability Accounting Standards Board
(“SASB”) Standards.
Noteworthy accomplishments related to Denbury’s corporate
responsibility in 2021 include:
- Delivered net negative Scope 1 and Scope 2 carbon dioxide
equivalent (“CO2e”) emissions
- Established a near-term target of reducing Scope 1 and Scope 2
CO2e emissions by 3% in 2022, and made achievement of this target
an element of employee compensation
- Received third-party verification of the negative carbon
intensity of the Company’s “Blue Oil” production at the West
Hastings and Bell Creek enhanced oil recovery assets
- Transported, injected and stored over 3.7 million metric tons
of industrial-sourced CO2
- Reduced Denbury’s employee and contractor combined total
recordable incident rate by 52%, setting a Company record-low level
for a fifth consecutive year
- Provided comprehensive training and development programs on
safety, leadership, and diversity to field and office
employees
Chris Kendall, Denbury’s President and CEO commented, “Our 2022
Corporate Responsibility Report reflects our successes operating a
growing, profitable and sustainable company that is dedicated to
bettering our employees, our environment and our communities. As
Denbury continues to power the energy transition with world-leading
carbon solutions, corporate responsibility and sustainability
remain critical elements of our overall business strategy. We are
proud to have delivered net negative combined Scope 1 and Scope 2
CO2e emissions for the past five years and remain confident that we
will achieve our objective of becoming fully carbon-negative by
2030, including Scope 1, 2, and 3 emissions. Through our Denbury
Carbon Solutions business, we intend to significantly accelerate
global carbon capture by providing the industry’s most extensive
and reliable CO2 management, transportation and storage service
network. We are excited about our achievements to date and remain
focused on enhancing our sustainability efforts to drive progress
in our pursuit of decarbonizing our world safely and
economically.”
Access the 2022 Corporate Responsibility Report under the
Sustainability page of our website: www.denbury.com.
ABOUT DENBURY
Denbury is an independent energy company with operations and
assets focused on Carbon Capture, Use and Storage (CCUS) and
Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain
regions. For over two decades, the Company has maintained a unique
strategic focus on utilizing CO2 in its EOR operations and since
2012 has also been active in CCUS through the injection of captured
industrial-sourced CO2. The Company currently injects over four
million tons of captured industrial-sourced CO2 annually, with an
objective to fully offset its Scope 1, 2, and 3 CO2 emissions by
2030, primarily through increasing the amount of captured
industrial-sourced CO2 used in its operations. For more information
about Denbury, visit www.denbury.com.
Follow Denbury on Twitter and LinkedIn.
This press release contains forward looking statements that
involve risks and uncertainties, including risks and uncertainties
detailed in the Company’s filings with the Securities and Exchange
Commission, which risks and uncertainties are incorporated by
reference as though fully set forth herein. These statements are
based on financial and operating assumptions that the Company
believes are reasonable based on currently available information;
however, management’s assumptions and the Company’s future
performance are subject to a wide range of business risks, and
there is no assurance that these goals and projections can or will
be met. Actual results may vary materially. Any forward-looking
statements represent the Company’s estimates only as of today and
should not be relied upon as representing its projections as of any
future date.
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version on businesswire.com: https://www.businesswire.com/news/home/20220726005912/en/
DENBURY IR CONTACTS Brad Whitmarsh, 972.673.2020,
brad.whitmarsh@denbury.com Beth Bierhaus, 972.673.2554,
beth.bierhaus@denbury.com
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