- 2023 personal safety performance did not meet high standards as it relates specifically to Total Recordable Incident Rate (“TRIR”) which increased year-over-year
- Future real reduction efforts may be offset by potential increases stemming from both recent and forthcoming changes in regulatory reporting requirements
Diversified Energy Company PLC
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Diversified Energy Company PLC disclosed greenhouse gas emissions of 1.6K thousand MT CO2e. By scope: Scope 1: 1.6K thousand MT CO2e; Scope 2: 58 thousand MT CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.6K thousand MT CO2e
2023
Renewable Energy
14%
of total energy
Water Usage
<900 thousand barrels
2023
Energy Use
134 million kWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.6K thousand MT CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 58 thousand MT CO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced methane intensity by ~33% year-over-year to 0.8 MT CO2e/MMcfe
- Conducted ~246,000 voluntary emission detection surveys
- Maintained ~98% no-leak rate company-wide on surveyed sites
- Exceeded 75% of 5-year goal for pneumatics conversions
- Retired 404 wells in 2023
- Achieved second year of Gold Standard with the Oil and gas Methane Partnership 2.0 (“OGMP”)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 methane intensity by 30% by 2026
- Improve 3-year average safety performance for personal safety (TRIR and LTIR) and driver safety (MVA)
- Create and empower new Safety Strategy Committee to address safety culture survey findings
📅 Medium-term
- Reduce Scope 1 methane intensity by 50% by 2030
- Achieve OGMP 2.0 Gold Standard Compliance
🔭 Long-term
- Achieve Scope 1 and Scope 2 net zero absolute GHG emissions by 2040
🌱 ESG Focus Areas
Climate ChangeEmployee SafetyCommunity EngagementCybersecurityEthical BehaviorEnvironmental ProtectionIncident ManagementAccess to FundingLegal Compliance