Range Resources Releases Updated Corporate Sustainability Report
19 Juli 2023 - 12:30PM
RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range”
or the “Company”) today published its 2022-2023 Corporate
Sustainability Report. The latest report provides updates on topics
significant to our stakeholders and an update on our emissions
goals.
“Range, our board of directors and shareholders
are closely aligned on our sustainability strategy. We are proud of
the progress we continue to make against our sustainability goals,
and we are grateful to our dedicated teams at Range for their
significant contributions,” said Dennis Degner, Chief Executive
Officer and President. “A commitment to being a responsible,
transparent operator is core to Range and we remain confident in
the resiliency and durability of the company, our people and our
ability to generate long-term value.”
MiQ Certification
Range completed an audit against MiQ Standard
v1.0, an independent framework for assessing methane emissions
performance from the production of natural gas. This annual
certification validates the Company’s commitment to managing,
reducing, and accurately reporting methane emissions. The audit
covered Range’s southwest Pennsylvania assets and received an “A”
grade. The achievement reflects Range’s commitment to managing,
reducing, and accurately reporting methane emissions from its
operations and marks the next step toward the increased usage of
certified natural gas.
High-Quality Carbon Offsets
As Range continues to make progress towards
reducing overall GHG emissions, it has begun making investments in
carbon credits to offset its low emissions intensity program. A key
component of our initial contracting was partnering with C-Quest
Capital, an award-winning global carbon project developer, to
replace existing cooking stoves in sub-Saharan Africa with cleaner
and more efficient cookstoves. The deployment of these cookstoves
provides a variety of social and humanitarian benefits in addition
to reducing carbon emissions.
Corporate Sustainability Report
Highlights
Environmental Stewardship
- Continued
progress towards stated goal of net zero Scope 1 and Scope 2 GHG
Emissions by 2025 through continued GHG emissions reduction
efforts, including the purchasing and contracting of carbon credits
across a diverse set of high-quality projects
- Reduced methane
emissions intensity by 67 percent since 2019
- Ranked second
lowest in CO2e emissions intensity in a group of 11 peers as a
result of investments in emissions management and advantageous
position relative to other operating regions
- Recycled 142
percent of produced water and flowback volume through water reuse
and sharing program
Corporate Governance
- Recognized as
one of JUST Capital’s Most Just Companies
- Named to
Newsweek Magazine’s 2023 America’s Most Responsible Companies
List
Safety Leadership
- Range employees
completed more than 3,100 hours of safety-related training
Achieved 0.0 Days Away, Restricted, or
Transferred (DART)
Community Impact
- Paid over $4.5
billion in impact fees, royalty and lease payments, and charitable
contributions benefiting Pennsylvanians and Pennsylvania
communities through 2022
- Contributed over
1,480 employee volunteer hours in support of charitable and
community organizations
- Invested
$764,000 into local communities, including over $155,000 donated to
first responders through Range’s Good Neighbors Fund
Human Capital
- Employees
completed 14.5 hours of training on average
- Introduced new
Lyra mental health benefit to support employee well-being
The full Corporate Sustainability Report is
available at https://csr.rangeresources.com.
About Range Resources’ 2022-2023
Sustainability Report
Range’s Sustainability Report incorporates
multiple best practice sustainability reporting standards and
frameworks. This report was developed in alignment with current
best practice sustainability reporting standards and frameworks,
which include guidelines and recommendations by the Global
Reporting Initiative (GRI), the Sustainability Accounting Standards
Board (SASB), and the IPIECA (formerly known as the International
Petroleum Industry Environmental Conservation Association).
RANGE RESOURCES CORPORATION (NYSE: RRC) is a
leading U.S. independent natural gas and NGL producer with
operations focused in the Appalachian Basin. The Company is
headquartered in Fort Worth, Texas. More information about Range
can be found at www.rangeresources.com.
Included within this release are certain
“forward-looking statements” within the meaning of the federal
securities laws, including the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, that are not
limited to historical facts, but reflect Range’s current beliefs,
expectations or intentions regarding future events. Words
such as “may,” “will,” “could,” “should,” “expect,” “plan,”
“project,” “intend,” “anticipate,” “believe,” “outlook”,
“estimate,” “predict,” “potential,” “pursue,” “target,” “continue,”
and similar expressions are intended to identify such
forward-looking statements.
All statements, except for statements of
historical fact, made herein regarding activities, events or
developments the Company expects, believes or anticipates will or
may occur in the future, such as those regarding future well costs,
expected asset sales, well productivity, future emissions and
carbon offsets, future liquidity and financial resilience,
anticipated exports and related financial impact, natural gas and
NGL market supply and demand, improving commodity fundamentals and
pricing, future capital efficiencies, future shareholder value,
emerging plays, capital spending, anticipated drilling and
completion activity, acreage prospectivity, expected pipeline
utilization and future guidance information, are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements are based on assumptions and
estimates that 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. Further information on risks and
uncertainties is available in Range's filings with the Securities
and Exchange Commission (SEC), including its most recent Annual
Report on Form 10-K. Unless required by law, Range undertakes no
obligation to publicly update or revise any forward-looking
statements to reflect circumstances or events after the date they
are made.
SOURCE: Range Resources Corporation
Range Investor Contact:
Laith Sando, Vice President – Investor
Relations817-869-4267lsando@rangeresources.com
Range Media Contact:
Mark Windle, Director of Corporate
Communications724-873-3223mwindle@rangeresources.com
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