Crescent Energy Publishes Inaugural Environmental, Social and Governance (“ESG”) Report and Highlights Commitment to Continuous ESG Improvement and Engagement Yahoo FinanceCrescent Energy Publishes Inaugural Environmental, Social and Governance (“ESG”) Report and Highlights Commitment to Continuous ESG Improvement and Engagement Yahoo Finance
Impact Investing Forum 2023
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HOUSTON, December 22, 20, 2021–(BUSINESS WIRED)–Crescent Energy Company (“Crescent”) (NYSE: CRGY), today announced the publication its inaugural Environmental, Social and Governance (“ESG”) report. The report provides an initial baseline to measure the Company’s performance and establishes Crescent’s immediate ESG priorities.Highlights of the Inaugural 2020 ESG Report
Establishes Crescent Energy’s ESG priorities:
Climate Change – Work to reduce greenhouse gas emissions
Ambition to achieve zero incidents in the workplace by improving your environmental, health and safety.
Water Management – Manage fresh water consumption and reduce it
Community Engagement – Listen to and respond to the concerns of the community and stakeholder
Diversity, Equity, and Inclusion – Create a diverse and inclusive workforce
Reports key ESG performance metrics using the Value Reporting Foundation’s SASB Standard for Oil & Gas – Exploration & Production
Annual reporting on ESG performance
The Company plans to publish in 2022 a report on ESG performance for the calendar year 2021, and provide details about its short- and long-term ESG goals.
To advance the Company’s ESG strategy, Announces the formation of an ESG Advisory Council
Supported by the broader KKR platform
David Rockecharlie, the CEO, said: “The publication of our inaugural ESG Report marks an important milestone in Crescent Energy’s new company. It helps us set a vision of what we want to achieve and establishes a common baseline and starting point with our legacy companies, Independence Energy and Contango Oil and Gas Company. It also reflects our commitment towards transparency by highlighting the priorities for the new company. He said, “We consider ourselves to be stewards for others’ assets: the capital of our investors, the environment, and the communities in the which we operate. Our success depends on our ability and willingness to work with all stakeholders, including employees, investors, customers as well as suppliers. As we build the company we see an opportunity for continuous improvement in ESG performance. This will create a net-benefit to society and the environment as well as drive returns for our investors. “For more information, including 2020 SASB-aligned performance metrics, please find the Company’s 2020 ESG Report at www.crescentenergyco.com.ESG Advisory CouncilCrescent aims to build a company where ESG is integrated into governance, strategy and decision making. The Company believes that it is important to seek out outside expertise and advice in order to continually improve and pursue leadership positions in ESG performance. Crescent created an ESG Advisory Council (“the Council”) in order to provide advice and guidance to management and Crescent’s board on ESG-related matters. The Council provides Crescent Energy with open, honest advice. The report contains additional information about the Council and its members. Leveraging the KKR Relationship to Develop Leading ESG Program. KKR is a global investment firm that has over 45 years of experience in leadership, innovation, and investment excellence. Crescent receives management and executive leadership from KKR. With the support of KKR, Crescent is focusing on creating industry-leading ESG programs. KKR has extensive experience in helping portfolio companies implement ESG best practice. Crescent Energy leverages the network of KKR to develop industry-leading ESG programs. Crescent Energy partners with thought leaders to establish ESG-related benchmarks. Crescent Energy also uses KKR’s experience helping portfolio companies to implement ESG best practices. Our core leadership team consists of industry professionals with extensive investment, financial and financial experience who continue to implement the strategy we have used since 2011. The Company’s mission is to invest in energy assets and deliver better returns, operations and stewardship.For additional information, please visit www.crescentenergyco.com.Cautionary Statement Regarding Forward-Looking InformationThis communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based upon current expectations. Forward-looking statements are those that express our expectations for future events. Forward-looking statements include statements that, except statements of historical fact, address activities, events, or developments that we expect, believe, or anticipate will or might occur in the future. These statements are subject to a variety of assumptions, risks, and uncertainties, many which are out of our control. These uncertainties and risks include, but not limited to, weather, economic, market and political conditions, including a decrease in the price and demand for natural gas, natural oil liquids, and crude oil, the impact of pandemics like COVID-19, actions of the Organization of the Petroleum Exporting Countries (“OPEC”), non-OPEC oil producers countries, the timing of business development efforts and other uncertainties. Therefore, future results may differ materially from what we expect. We assume no duty to update or revise their respective forward-looking statements based on new information, future events or otherwise.View source version on businesswire.com: https://www.businesswire.com/news/home/20211222005161/en/ContactsEmily Newport, email@example.com