SM Energy Company has published its updated 2020 Sustainability Accounting Standards Board (SASB) report for oil and gas exploration and production companies, as well as certain environmental, social and governance (ESG) metrics relevant to understanding the company’s 2020 ESG performance.
Denver-based SM Energy, founded in 1908, is an independent exploration and production company with a longstanding, principled approach to doing business ethically and responsibly.
In 2020, the company’s GHG emissions intensity improved 37% compared to 2019; its flaring reduced 67% compared to 2019; methane emissions intensity improved 20% compared to 2019 and was top quartile among AXPC members who reported this metric. Its safety performance improved 43% compared to 2019 and was top quartile among AXPC members who report this metric, as measured by total recordable incident rate; and freshwater intensity improved 55% compared to 2019.
CEO Herb Vogel said: “Sustainability at SM Energy means generating long-term financial returns and a commitment to environmental, social and governance best practices, which is consistent with our culture and fundamental to being a premier operator. At SM Energy, we support expanded ESG disclosures and the need for clear, well-defined, and comparable information across our industry for the consideration of our stakeholders.”
To read the whole report visit: www.sm-energy.com