Our Approach to Responsible Reporting
Headquartered in Oklahoma City, Chesapeake is powered by dedicated and innovative employees focused on responsibly developing a leading position in top U.S. natural gas plays. With a goal to achieve net zero GHG emissions (Scope 1 and Scope 2) by 2035, Chesapeake is committed to safely answering the call for affordable, reliable, lower carbon energy.
Comprehensive Disclosure
To best respond to diverse stakeholder interests, our disclosures are guided by several sustainability reporting standards and disclosure frameworks. These include: Global Reporting Initiative (GRI) Sustainability Reporting Standards, Ipieca’s Oil and Gas Industry Guidance on Voluntary Sustainability Reporting, Value Reporting Foundation / SASB Standards: Oil and Gas – Exploration and Production, and AXPC’s ESG Metrics and Framework. An index that maps content to disclosures is available here.
Verified Performance Data and Targets
Chesapeake’s performance data table reflects 2023 operational performance and includes year-over-year comparison. The data has been verified by our Internal Audit team and is believed to be correct at the time of reporting. For certain reporting elements, later revisions or changes in categorization could affect data and will be updated for accuracy on our website.
Our 2023 Scope 1 and Scope 2 GHG emissions, GHG intensity, methane intensity, Employee Total Recordable Incident Rate (TRIR), Contractor TRIR, Combined TRIR (employee + contractor) and net spill intensity data were provided limited assurance by a third-party organization. In addition, all our production is certified as responsibly sourced gas (RSG), offering another layer of data assurance as part of the independent certification process.
Specific to our interim and long-term performance targets, we remain committed to reducing our operational GHG footprint as driven by our Board of Directors and executive management team. We recognize the dynamic nature of the E&P sector and will enhance our pledges, corresponding with any change in our asset mix, emergence of new emissions monitoring and quantification technology, and stakeholder priorities.
ESG Materiality Assessment
In addition to our disclosure gap analysis, we perform an ESG materiality assessment to help prioritize the reporting topics of most significance to our stakeholders. The results of this process not only determine what is included in our reporting, but also content placement.
Our ESG materiality assessment and its results are not intended to comply with the concept of materiality associated with U.S. Securities and Exchange Commission required disclosures. Our Annual Report and other financial filings report on material risks as defined by regulatory requirements.
2023 ESG Issues of Importance
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The above list is not inclusive of all stakeholder or company interests or priorities
Archived Reports
Prior sustainability and climate reports are available in the Resources section, along with other archived company publications.
