Denbury Publishes 2021 Corporate Responsibility Report
28 September 2021 - 10:30PM
Business Wire
Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today
announced the publication of its 2021 Corporate Responsibility
Report. The report demonstrates the Company’s continued dedication
to disclosure aligned with leading sustainability reporting
frameworks, with preparation in accordance with the Global
Reporting Initiative Sustainability Reporting Standards ("GRI
Standards") as well as indicators and recommendations from the
Sustainability Accounting Standards Board (“SASB”) and the Task
Force on Climate-related Financial Disclosures (“TCFD”).
The report focuses on Denbury’s performance during the 2019 and
2020 calendar years and encompasses the foundation of our corporate
responsibility strategy: Our Company, Our People, Our Environment
and Our Communities. Highlights include:
- Delivered negative Scope 1 and Scope 2 carbon emissions for
each year
- Reduced total Scope 1, Scope 2, and Scope 3 emissions by 12%
since 2018
- Annually transported and injected an average of approximately 3
million metric tons of industrial-sourced CO2
- Reduced our employee and contractor combined total recordable
incident rate by 28% to a Company record low level
- Board of Directors with 25% female representation and a
Sustainability Committee focused on providing oversight on
important health and safety, climate change, environmental, social
and community strategies and risks
Chris Kendall, Denbury’s President and CEO commented, “I am
proud to share our 2021 Corporate Responsibility Report,
highlighting Denbury’s accomplishments and commitments in operating
as a responsible and sustainable enterprise. As the world demands
energy to fuel tomorrow’s economy and provide a better quality of
life, Denbury is uniquely positioned to provide energy while also
reducing atmospheric CO2 emissions. With Denbury’s strategically
located assets and extensive experience, we are extremely well
positioned to lead in the reduction of CO2 emissions through Carbon
Capture, Utilization and Storage. Today, our use of
industrial-sourced CO2 in enhanced oil recovery fully offsets our
Scope 1 and 2 emissions and we have a goal to become Scope 3 net
carbon negative by the end of this decade by expanding our use of
industrial-sourced CO2. We are dedicated to being a leader in
sustainability and welcome your feedback as we continue to create a
new energy future.”
To read the 2021 Corporate Responsibility Report, please visit:
https://csr.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 three
million tons of captured industrial-sourced CO2 annually, and its
objective is to fully offset its Scope 1, 2, and 3 CO2 emissions
within this decade, primarily through increasing the amount of
captured industrial-sourced CO2 used in its operations. For more
information about Denbury, visit www.denbury.com.
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DENBURY CONTACTS: Brad Whitmarsh, Executive Director,
Investor Relations, 972.673.2020, brad.whitmarsh@denbury.com Susan
James, Manager, Investor Relations, 972.673.2593,
susan.james@denbury.com
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