Diversified’s unique business model allows us to play a valuable role in meeting society’s energy needs with abundant natural gas as the world transitions to a lower carbon economy. Stewardship is at the core of our sustainability strategy, focused on acquiring and managing existing, long-life energy assets, operating responsibly and permanently retiring. This proven ability to acquire, optimize, operate and retire assets has positioned our Company as a unique, profitable and highly responsible energy provider.
Sustainability Strategy
Our sustainability strategy is rooted in prudent risk management, asset integrity, employee safety, environmental protection and emissions reduction. In doing so, we fully embrace our role as responsible stewards of the natural resources we manage, the people we employ and the environment in which we operate. We strive to adhere to quality operating standards with a strong focus on the environment, the health and safety of our employees and our local communities.
Key Sustainability Goals
Our targets and goals cover key Environmental, Social and Governance (ESG) priorities which are monitored by our leadership to drive internal decisions and influence our sustainability efforts across the Company.
Goal 1:
Reach Methane Intensity Reduction Targets
Reduce Scope 1 methane intensity by 30% by 2026 and 50% by 2030 (2020 baseline)
Goal 2:
Achieve Net Zero Scope 1 and 2 GHG Emissions
Reach net zero Scope 1 and 2 absolute greenhouse gas emissions by 2040 (2020 baseline)
Goal 3:
Zero Preventable Motor Vehicle Accidents
Record zero preventable motor vehicle accidents annually
Goal 4:
Impactful Community Investments
Invest up to $2 million for stakeholder and community outreach programs, with more than 25% supporting programs in disadvantaged communities
2022 Sustainability Achievements
Achieved Gold Standard Pathway
From the Oil and Gas Methane Partnership (OGMP 2.0)
25% Methane Intensity Reduction
Cumulative reduction compared to 2020
100% Fugitive Emissions Survey Completion
Of operated Appalachian wells
47% Increase in Plugging Wells
As compared to 2021
Decarbonizing
While Delivering
Our fourth annual Sustainability Report presents our ongoing commitment to and performance on material environmental, social and governance issues which are important to our Company and our stakeholders.