Range Resources Publishes Updated Corporate Sustainability Report
November 03 2021 - 5:00AM
2021 RANGE
RESOURCES CORPORATION (NYSE:
RRC) (“Range” or the “Company”) announced the
publication of an updated Corporate Sustainability Report today.
The 2020-2021 Corporate Sustainability Report provides a detailed
insight into Range’s approach, achievements, and goals on
environmental, social, and governance topics.
This report covers a broad set of focus areas,
with an emphasis on material subjects for the business and key
stakeholders. With this report, we hope to enhance Range’s track
record of proactive, transparent communications and
industry-leading initiatives.
“Now more than ever, natural gas is powering our
lives and providing our world with clean and reliable energy, as
well as feedstock for a vast number of daily products,” said Jeff
Ventura, the Company’s CEO. “Range’s natural gas is part of the
global solution to improving quality of life, and we understand
that as an industry leader, we must continue to operate in a
responsible and transparent manner. This includes providing our
stakeholders, business partners, and communities with the
information we disclose in our Corporate Sustainability
Report.”
Emissions
Reduction Goals
and Performance
Range continues to advance toward our
short-term, medium-term, and long-term objectives specifically
related to greenhouse gas (GHG) emissions, keeping us on track to
achieve our strategic goal of net zero GHG emissions by 2025, which
has been expanded to include Scope 1 and Scope 2. We view scope 2
emissions as part of our GHG inventory and believe this added
commitment strengthens our sustainability goals.
Corporate Sustainability
Report Highlights
Corporate Governance
- Created ESG & Safety Committee, formalizing existing board
oversight of ESG
- Proactive ongoing outreach to shareholders soliciting feedback
on ESG efforts
- 50 percent of Independent Directors are Ethnic/Gender
Diverse
Safety Leadership
- Range employees completed 1,800 hours of safety-related
training
- 0.30 Days Away, Restricted or Transferred (DART)
Environmental Stewardship
- Expanded our 2025 net zero emissions goal to include Scope 2
GHG emissions
- Achieved a 69 percent reduction in GHG emissions intensity and
86 percent reduction in methane emissions intensity compared to our
2017 baseline
- Decreased reported equipment leak emissions by more than 66
percent as a result of increased frequency of LDAR surveys from
semi-annual to quarterly (vs. 2019).
- Recycled 148 percent of produced water and flowback volume
through water sharing program
- Expanded Emissions Measurement by entering into a pilot program
with Project Canary, utilizing continuous monitoring
technology
Community Impact
- $240 million impact fees paid to Pennsylvania since 2011 to
support construction of new schools, roads, parks, etc.
- $2.9 Billion in royalties paid to landowners since 2006.
- Direct annual investments in our communities, including over
$100,000 in Range’s Community COVID-19 Stimulus Package
Human Capital
- Formed Multi-Ethnic Employee Resource Group (MERG) and Range
Energy Network of Women (RENEW) employee resource groups for
multi-ethnic employees and female employees respectively
- Established a flexible remote-work policy for employees
The full Corporate Sustainability Report is
available at https://csr.rangeresources.com.
About Range Resources’ 2020-2021
Sustainability Report
Range’s Sustainability Report is informed by
multiple best practice sustainability reporting standards and
frameworks. Guidelines and recommendations by the Global Reporting
Initiative (GRI), the Sustainability Accounting Standards Boards
(SASB), Task Force on Climate-related Financial Disclosures (TFCFD)
and IPIECA’s (formerly known as the International Petroleum
Industry Environmental Conservation Association) sustainability
reporting guidance have all been considered for the creation of
this report.
RANGE RESOURCES CORPORATION (NYSE:
RRC) is a leading U.S. independent natural gas and NGL
producer with operations focused on stacked-pay projects in the
Appalachian Basin. The Company pursues an organic development
strategy targeting high return, low-cost projects within its large
inventory of low-risk drilling opportunities. The Company is
headquartered in Fort Worth, Texas. More information about Range
can be found at www.rangeresources.com.
This release contains certain forward-looking
statements within the meaning of Section 27A of the Securities Act
and Section 21E of the Securities Exchange Act of 1934, including
those related to the Company’s securities offering. These
statements are based on assumptions and estimates that Range’s
management believes are reasonable based on currently available
information; however, management’s assumptions and Range’s future
performance are subject to a wide range of business risks and
uncertainties, and there is no assurance that these goals and
projections can or will be met. Any number of factors could cause
actual results to differ materially from those in the
forward-looking statements, including, but not limited to, the
volatility of oil and gas prices, the results of Range’s hedging
transactions, the costs and results of actual drilling and
operations, the timing of production, mechanical and other inherent
risks associated with oil and gas production, weather, the
availability of drilling equipment, changes in interest rates,
litigation, uncertainties about reserve estimates, environmental
risks and regulatory changes. Range undertakes no obligation to
publicly update or revise any forward-looking statements. Further
information on risks and uncertainties is available in Range’s
filings with the Securities and Exchange Commission, including its
most recent Annual Report on Form 10-K and its subsequent Quarterly
Reports on Form 10-Q, which are incorporated by reference.
Range Investor Contact:Laith Sando, Vice
President – Investor Relations
817-869-4267lsando@rangeresources.com
Range Media Contact:Mark Windle, Manager of
Corporate Communications 724-873-3223mwindle@rangeresources.com
Range Resources (NYSE:RRC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Range Resources (NYSE:RRC)
Historical Stock Chart
From Apr 2023 to Apr 2024