The Energy Transition
We recognize that climate change is a complex global issue that requires governments, businesses and communities working together on appropriate, achievable policies.
We are committed to playing our part in helping to meet the goal of a lower carbon world and increasing global energy demands in a way that protects the health and safety of our employees, safeguards the environment and contributes to the sustainability of the communities in which we operate while also delivering long-term value to our shareholders.
Task force for Climate-related Financial Disclosures (TCFD)
The Board recognizes the threats to our planet posed by climate change and the importance of commercial enterprises, including Diversified Energy Company (DEC), to effectively manage their operations in a manner that positively impacts the environment while also managing possible associated financial risks of doing so. Environmental stewardship coupled with maximizing and improving the potential of our resources are key strategic pillars upon which we operate our business. We believe that natural gas has a valuable role to play in supporting an energy transition, not only as a transition fuel to support global energy demand, but through the material socio-economic contribution that it makes to the US and the underpinning of the country’s energy independence.
During 2020, the newly formed Sustainability & Safety Committee (“Committee”) engaged the support of industry and globally significant consultants to help DEC establish a roadmap for its climate journey, including steps to begin meeting the recommendations set by the TCFD. The Committee, including personnel from across the senior leadership, operating, finance and investor relations teams, engaged in numerous workshops and planning sessions to discuss and assess climate change and risk, scenario analysis and strategy setting. DEC’s analysis included consideration of and attention to the TCFD’s four core pillars: governance, strategy, risk management, and metrics and targets.
We are very pleased to provide enhanced disclosures from our TCFD approach in our second Sustainability Report, and we look forward to maintaining an open dialogue with all our stakeholders as we further integrate additional TCFD recommendations into our business.
Read more about our TCFD Journey and the energy transition by visiting out latest Sustainability Report.