Diversified Energy Company publishes 2024 Sustainability Report
Published: 03:33 03 Apr 2025 EDT
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has published its sixth annual Sustainability Report highlighting progress in 2024.
The company told investors it had reported a 13% year-over-year reduction in methane intensity, which equates to 56% decrease since 2020.
It added that it had achieved a 30% drop in its Total Recordable Incident Rate.
Emissions mitigation efforts included the removal or conversion of 459 pneumatic devices and 152,000 voluntary emission detection surveys, the company added, and highlighted that it reported a reported 98% ‘no-leak rate’.
Contributions to the community reached $2.1 million in 2024, and, more than 25% of the support was directed to socio-economically disadvantaged regions, it said.
“Our sustainability report highlights our focus on responsible operations, from reducing emissions to safely retiring wells, all while supporting communities and local economies,” DEC chief executive Rusty Hutson said in a statement.
He added: “executing the differentiated strategy focused on improving currently producing assets, we are proud to be the ‘Right Company at the Right Time’, providing critically needed energy while leading the way in sustainability.”
