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Diversified Energy Demonstrates Innovation, Collaboration, and Responsibility in 2024 Sustainability Report
DECDiversified Energy Company(DEC) GlobeNewswire·2025-04-03 06:01

Core Insights - Diversified Energy Company PLC has made significant strides in sustainability, achieving a 13% year-over-year reduction in methane intensity and a 56% reduction since 2020 [1][6] - The company has improved personal safety performance, with a 30% reduction in Total Recordable Incident Rate (TRIR) from 2023 [1][6] - For the third consecutive year, the company's activities contributed over 1billiontostateGDPs[1][6]EnvironmentalProtectionMethaneintensitywasreducedto0.7MTCO2eperMMcfe,downfroma2020baselineof1.6MTCO2eperMMcfe[6]Thecompanyeliminatedorconverted459pneumaticdevicesandpumpstononemitting[6]Conducted152,000voluntaryemissiondetectionsurveys,maintaininga 981 billion to state GDPs [1][6] Environmental Protection - Methane intensity was reduced to 0.7 MT CO2e per MMcfe, down from a 2020 baseline of 1.6 MT CO2e per MMcfe [6] - The company eliminated or converted 459 pneumatic devices and pumps to non-emitting [6] - Conducted 152,000 voluntary emission detection surveys, maintaining a ~98% no-leak rate on surveyed assets [6] - Achieved the Oil and Gas Methane Partnership 2.0 (OGMP) Gold Standard for the third consecutive year [6] Employee and Community Support - Introduced new physical and mental wellness programs for employees [6] - Contributed 2.1 million in community outreach, with over 25% directed to socio-economically disadvantaged regions [6] - The company has a strong focus on responsible operations, including safely retiring wells while supporting local economies [5][6]