Devon Energy Corp 2023 SR
The report highlights Devon Energy's 2022 ESG performance, focusing on its commitment to achieving net zero Scope 1 and 2 greenhouse gas emissions by 2050. Key achievements include a 12% reduction in absolute Scope 1 and 2 emissions and a 50% reduction in methane emissions since 2019. The company also reached a record 0.5% flaring intensity and recycled 72 million barrels of water. Socially, Devon invested $29.6 million in community initiatives, including significant humanitarian support and the expansion of its STEM education programs. Governance was strengthened by appointing an independent female board chair and tying executive compensation more closely to quantifiable ESG metrics.
Company: Devon Energy Corp
Sector: Mining & quarrying
Country: United States
Year: 2023
Type: SR
Pages: 76
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Devon Energy Corp
Sustainability Report
The report highlights Devon Energy's 2022 ESG performance, focusing on its commitment to achieving net zero Scope 1 and 2 greenhouse gas emissions by 2050. Key achievements include a 12% reduction in absolute Scope 1 and 2 emissions and a 50% reduction in methane emissions since 2019. The company also reached a record 0.5% flaring intensity and recycled 72 million barrels of water. Socially, Devon invested $29.6 million in community initiatives, including significant humanitarian support and the expansion of its STEM education programs. Governance was strengthened by appointing an independent female board chair and tying executive compensation more closely to quantifiable ESG metrics.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees