Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) outlined its commitment to environmental, social and governance (ESG) initiatives in a preview of an online capital markets day event due later today.
Such initiatives comprise US$15mln of investments into methane emissions, including the recently announced equipment orders, along with work to independently verify 2021 emissions data and the accelerated retirement of non-producing wells.
"Today's capital markets day event allows us to advance our ongoing dialogue with shareholders, analysts and other stakeholders,” said chief executive Rusty Hutson.
“We are providing an in-depth look at our strategy for acquiring long-life, low-decline producing assets with an emphasis on the important work we do to improve our environmental stewardship in all facets of our operations.
“As we survey the evolving global landscape, we remain confident that Diversified is essential to the energy transition with our unwavering commitment to sustainability practices and responsible asset retirement.
“Looking ahead, we will continue to generate substantial free cash flow that will fund today's announced ESG commitments in addition to our consistent dividends, debt reduction and accretive reinvestment to sustain our business."
Additionally, the company said it will be launching a US$2mln per year community outreach programme next year.
The company also noted that it is presently exploring options for a dual-listing of its shares, retaining its quote in London whilst adding a listing in the United States.
DEC’s online event can be accessed here, from 2pm GMT (8am CST).