1、2024DevonEnergyDevonEnergyNYSE:DVNIncludesupdatessinceoriginalpublication.WorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingTHEOVERVIEWSECTIONINCLUDESAboutThisReport2CEOLetter4MessagefromOurBoard6ReportSummary7PerformanceTargets8andProgressOperationsOve
2、rview9THEREPORTINGSECTIONINCLUDESPerformanceMetrics84ReportingFrameworks86ContentsENVIRONMENTOVERVIEWTHEENVIRONMENTSECTIONINCLUDESOverview12ClimateChange19AirEmissions21WaterManagement27LandConservation29andBiodiversityWasteManagement32SpillPrevention33WORKFORCETHEWORKFOR
3、CESECTIONINCLUDESOverview76OurEmployeeExperience77Diversity,Equity81andInclusionGOVERNANCETHEGOVERNANCESECTIONINCLUDESOverview49CorporateGovernance50EnterpriseRisk54ManagementShareholderEngagement55PublicAdvocacy56EthicsandIntegrity58SAFETY&SECURITYTHESAFETY&SECURITYSECTION
4、INCLUDESOverview36WorkforceSafety37Cybersecurity44EmergencyPreparedness46SOCIALTHESOCIALSECTIONINCLUDESOverview61CommunityEngagement62STEM65Philanthropy70HumanRights74Wereproudtohighlightoureffortstosethighstandardsasaneighbor,communitypartner,environmentalstewardan
5、demployer.1DevonEnergy2024SustainabilityReportOverviewWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingAboutThisReportDevonEnergy(NYSE:DVN)ispleasedtopresentour2024SustainabilityReporthighlightingourenvironmental,socialandgovernance(ESG)performanceandour
6、ongoingeffortstoimproveinalltheseareas.Weredriventodeliverindustry-leadingresultswhilebeingagoodneighbor,valuedandeffectivecommunitypartner,responsibleenvironmentalstewardandsupportive,caringemployer.Wereproudtobealeaderintheenergyindustry,producingoilandnatura
7、lgasresourcesthatareessentialtolivesandlivelihoodsaroundtheworld.Oilandnaturalgasallowustohouseandfeedourfamilies,heatandcoolourindoorspaces,travel,manufacturenecessitiesandcarryoutotheressentialactivities.Devonproducesvaluablecommoditiesthatarefundamentalto
8、society,andwedosoinasafe,environmentallyresponsibleandethicalway,whilestrivingtodeliverstrongreturnstoshareholders.BasedinOklahomaCity,Oklahoma,Devonemploysabout1,900people,alllocatedintheU.S.Everyday,ouractionsareguidedbyourvaluesofintegrity,relationships,coura
9、geandresultsasweworktoearnoursociallicensetooperateandthetrustofourstakeholders.Webelievethesevaluesarecoretobeingacohesivecompanyandmakingapositiveandsustainableimpact.OurcompanyDevonsvaluesOurvaluesnaturallybuildononeanothertoachieveresults.IntegrityOp
10、ennessandhonestyuniteusandareatthecoreofeverythingwedo.RelationshipsWearecaring,connectedandsupportiveofouremployeesandstakeholdersandsucceedasoneteam.CourageWetakeintelligentrisksandshareoursuccessesandfailurestocontinuouslyimprove.ResultsWealwaysseektoach
11、ievebetterresultsandmakeapositiveandsustainableimpact.Unlessotherwisenoted,theinformationreportedappliestoDevonsoperatedassetsforthecalendaryearendedDecember31,2023.DevoniscommittedtocontinuouslyimprovingourESGperformanceandcommunicatingittransparently.Weinvite
12、youtoprovideyourfeedbackonhowweredoingbyusingourstakeholdercontactportal.CONTACTUSMaterialityassessmentThisreportreflectsourcommitmenttoaccountabilityandtransparentreportingofourESGprogress.Itcoversthemostmaterialpolicies,programsandperformancerelatedtoourESG
13、efforts,asdeterminedinacomprehensivematerialityassessmentcompletedinthesecondquarterof2022toidentifythemostrelevantandimpactfulperformanceareasforDevonandourkeystakeholders.Thematerialityassessment,facilitatedbyathird-partyESGconsultant,followedaprocessrecommend
14、edbytheOilandGasIndustryGuidanceonVoluntarySustainabilityReporting,publishedjointlybytheInternationalPetroleumIndustryEnvironmentalConservationAssociation(Ipieca),theAmericanPetroleumInstitute(API)andtheInternationalAssociationofOil&GasProducers(IOGP).2DevonEnergy2024
15、SustainabilityReportOverviewWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingAboutThisReportcontinuedAnytopicthatintheviewofmanagementorstakeholderssignificantlyaffectsthecompanysperformanceandinformsexternalopinion.Theytendtobeissuesthatmostaffec
16、tvaluecreationandtheeconomicandreputationalresilienceofacompanyinapositiveornegativeway.Theassessmentprocessincluded:In-depth,one-on-oneinterviewswithDevonschiefexecutiveofficer,chiefoperatingofficerandotherexecutivecommitteemembersOne-on-oneinterviewswithkeyext
17、ernalstakeholdersSurveyofinternalsubjectmatterexpertsandkeyESGreportingstakeholdersPeerbenchmarkingReportingframeworkgapanalysisReviewofexternalstakeholdermaterials,suchasassessmentsfromSustainalytics,ISS,MoodysVigeoEiris,RobecoSAMandothersTheprocessalsoincludedaf
18、ull-day,in-personworkshopatDevonscorporateheadquarters.ParticipantsincludedleadersofDevonsoperations,sustainability,environmental,safety,corporategovernance,investorrelations,humanresources,legal,corporatecommunications,communityrelations,accounting,enterpriseriskmanagementandinte
19、rnalauditdepartments.Leadersidentifiedkeystakeholdersandmaterialareasforreportingandmappedthemonamaterialitymatrix.TheworkshopincludeddiscussionandagreementonDevonsrefreshedESGreportingvision,strategyandguidingprinciplesforfuturereporting.IdentifyListallpotential
20、issues,bothexistingandemergingListinputsourcesGathercompanyinputandindirectstakeholderinputUpdateissueslistbasedoninputPrioritizePrioritizematerialissuesDetermineprominencewithinthereportCheckConfirmadequacy:BalancedreportingIssuecompletenessDiscloseOutlinetheproce
21、ssSetoutthematerialissuesReviewSeekimmediatefeedbackIdentifyimprovementactionsforthenextreportMaterialityCycle12345NotethattheconceptofmaterialityusedtopreparethisreportisnotmeanttocorrespondwiththeconceptofmaterialityassociatedwithdisclosuresrequiredbytheS
22、EC.WeappliedtheIpieca/API/IOGPsustainabilityreportingguidance(4thedition,2020)definitionofmateriality:Devonevaluatedcommonreportingframeworks,includingthoseofIpieca,theTaskForceonClimate-relatedFinancialDisclosures(TCFD),theSustainabilityAccountingStandardsBoard(SASB),theU
23、nitedNationsSustainableDevelopmentGoals(SDG)andtheGlobalReportingInitiative(GRI).TheU.S.SecuritiesandExchangeCommissions(SEC)proposedruleforEnhancementandStandardizationofClimate-RelatedDisclosuresforInvestorswasalsoreviewed.Basedonthisevaluation,thecontentsofthisrepo
24、rtaremappedtoIpieca,TCFD,SASB,SDGsandtheAmericanExplorationandProductionCouncil(AXPC)Framework.Basedonthisassessmentprocess,thisreportfocusesonthefollowingtopmaterialareasofDevonsESGperformance:emissions,climatechange,publicadvocacy,corporategovernance/enterpriseriskm
25、anagement,water,workforcesafety,cybersecurity,anddiversity,equityandinclusion(DEI).AdditionaltopicsofreportinginteresttoDevonandourstakeholdersinclude:landconservation/biodiversity,stakeholderengagement,corporateculture/humancapital,employeeretention,roadsafetyanddriving,emerge
26、ncypreparedness,spillpreventionandcommunities/giving.The2022materialityassessmentbuiltontheinitialmaterialityassessmentcompletedin2018,aswellasperiodicreviewsofmaterialareasinsubsequentyearstohelpensureourreportingremainedrelevantandmeaningfulforourstakeholders.
27、3DevonEnergy2024SustainabilityReportOverviewWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingCEOLetterSolutionsforsustainabilityAtDevon,ourcommitmenttointegratingsustainablebusinesspracticesintoourcorestrategyisdrivenbytheunderstandingthatitsnotjust
28、beneficialitsessentialforourfuture.Withglobalenergydemandprojectedbysometoincrease50%by2050,theworldneedsgrowthfromallsourcesofenergy,includingaffordableandreliablesuppliesofoilandnaturalgas.Devonisfocusedonremainingaleadingindependentoilandnaturalgasprodu
29、certhatcontributestolong-termenergysolutionsintherightway:Bydrivingdownouremissionsandoperatingsafelyandeffectively,whilealsokeepinganeyetowardthefuture.Therightwayalsomeansstayingtruetoourvaluesofintegrity,relationships,courageandresults,andcreatinglong-term
30、shareholdervalue.Atthesametime,Imkeenlyawareofthechallengesaheadaswestrivetomeetgrowingenergydemand,whileminimizingourenvironmentalfootprint.Thereisagrowingrealizationthatthetransitiontoalower-carbonfuturewilltakemanydecadesandcosttrillionsofdollarsininve
31、stmentstodevelopmodern,resilientinfrastructure.Thisinfrastructure,whichisrequiredtoachieveenergystabilityandreduceemissions,includeseverythingfrompipelinesandstoragefacilitiestotransmissionlinesandrenewableenergysystems.Transitioningtoalower-carboneconomy,whilemeeting
32、growingenergydemand,willrequireanall-of-the-aboveapproachtoenergydevelopmentandunprecedentedcollaborationamongcompanies,industriesandgovernments.Devonispreparingbymakingoperationalchanges,deployingadvancedtechnologies,investingstrategicallyandengagingbroadly.Werereadyt
33、oworkwithpartnersthatshareourfocusonsustainableenergysolutionsforfuturegenerations.Devoniscommittedtocontinuouslyimprovingoursustainabilityperformanceandreportingourprogresstransparently.Iseethepositiveresultsofthisemphasiseverydayinthewaywereworkingtokeep
34、ourpeoplesafe,progressingtowardourenvironmentaltargetsandstrivingtohaveapositiveimpactoncommunitiesacrossouroperatingareas.Weholdouremployeestohighstandardsofethicsandintegritytomaintainthetrustofregulators,policymakers,communities,shareholdersandotherstakehold
35、ers.Improudthatbecauseofourefforts,Devonisviewedbymanyasanindustryleaderintheseareas.ComprehensivelyaddressingsafetySafetyhasbeenmytopprioritysinceIstartedintheoilbusiness.Keepingourpeoplesafeisnotonlyanimperativeandtherightthingtodo,butitisthefoundat
36、ionofasustainablebusiness.Wereleadingwithandtalkingaboutsafetyfromthefieldtotheboardofdirectors.Ouroperationsteamisactiveineffortstotackleindustry-widesafetyissues,andweareengagingextensivelywithourpeerstobetterunderstandcommonchallengesandnewwaystowork
37、safer.Devonisalsodevelopingadvancedtechnologyapplicationstoelevatesafetyawareness,providingoursafetycultureprograminSpanishandupdatingourworkoverrigprocess.Tocontinuedrivingprogress,ouroperationsteamisfocusedonSeriousIncidentandFatality(SIF)reductionandoursafety
38、culturein2024.ReducingthecarbonintensityofouroperationsDevonsetambitiouslong-termenvironmentaltargetsin2021tolowerthecarbonintensityofouroperations.In2023,weachievedayear-over-year7%reductioninGHGemissionsintensityanda6%reductioninmethaneemissionsintensity.Wew
39、ereabletoachievethisprogressinouremissionsperformance,whilesettingnewcompanyrecordsforoilproduction.Thepositiveresultsshowthatwecandotherightthingfortheenvironmentandhaveathrivingbusiness.However,wecannotdothisalone.Weneedbroadcollaborationtocontinuedevelo
40、pingpathwaystoproducethesecriticalenergyresourcesinanincreasinglysustainablemannerandtocaptureopportunitiesthatanall-of-the-aboveenergysystempresents.RickMuncriefPresidentandCEOOurbalancedapproachtodeliveringsustainableenergytheworldneedsContributetosecure,afford
41、able,reliableenergyReducetheenvironmentalimpactofenergyproductionGeneratelong-termvalueforshareholdersBalancedApproach4DevonEnergy2024SustainabilityReportOverviewWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingCaringandconnectedcultureDevonstrivestohire
42、,developandretainhigh-performingpeoplewhowillcontributetostrongoperational,financialandESGresults.Wehaveapipelineofexcitingcollegetalent,afoundationofexperiencedemployeesandlowturnover.Wehaveenhancedourbenefitsandincreasedourfocusonwell-beingandaccesstomental
43、healthresourcestoenableemployeestobringtheirbesteffortstoDevoneveryday.EveryemployeereceivesDevonstocktogivethemastakeinoursuccess.AlignedforsustainabilityWetakeanaligned,values-basedapproachtopublicpolicyengagement,includingaddressingclimate-relatedrisksando
44、pportunities.Internally,opencommunicationsandtrustbetweenourEHS,Sustainabilityandoperationsteams,withstrongboardoversight,helpsensureweremakingprudentdecisionsforouroverallperformance.Externally,werecommittedtostayingatthetable,makingourvoiceheardandbeingpartofthe
45、solution.Ibelievethathavingthecouragetostrikeabalanceandengagewithawidevarietyofstakeholdersisgoodforourcompany,industryandcountry.CEOLettercontinuedAmajoraccomplishmentin2023wasimplementingourinternallydevelopedcarbonaccountingplatformthatimprovesouremissio
46、nsdataprecisionandreportingmethodologies.Thankstothispriorityprojectofourtechnologyteamanddomainexpertsinenvironmental,healthandsafety(EHS)andESG,Devonisbetterpreparedforadvancedemissionsmodelingandevolvingvoluntaryandregulatorydisclosureprograms.Afterextensively
47、testingandpilotingmultipleinnovativemethanedetectiontechnologies,wealsodeployedseveraldetectionsystemsthroughoutouroperationstocontinuereducingourcarbonfootprint.StrengtheningourcommunitiesDevoninvestsinpreparingcominggenerationstoapplyandadvancethecomplextechnolog
48、ysolutionsourindustryrequires.Wevehelpedopen161elementaryandmiddleschoolscience,technology,engineeringandmath(STEM)centersinunderservedcommunitiesacrossouroperatingareaswherechildrencandeveloptheskillsandknowledgeessentialforourfutureworkforce.Wellalsocontinueto
49、dotherightthingstohelpbuildstrongcommunitieswhereweoperate.In2023,thisincludedawarding28DEICommunityGrantstodiversecommunityorganizationsineachofthefivestatesthatweoperate.Devonisfortunatetohaveanengagedboardthatchallengesustotakethoughtfulrisksandbold
50、action.Weprovideopportunitiesforourboardtogettoknowup-and-comingDevonleaders,openavenuesofcommunicationandbuildtrust.ThefourwomenonourboardaredevelopingrelationshipswithDevonswomenleaders.Theboardsphenomenalfeedbackaboutthehighqualityofourteambodeswellforo
51、urabilitytocreatelong-termshareholdervalue.ImgratefultotheboardfortheirsupportfortheDevonteam.ReflectingonDevons2023ESGperformance,Improudofwhatweaccomplished.Thankyouforyourinterestinoureffortstodotherightthingsintherightwayforouremployees,contractors,c
52、ommunities,shareholdersandtheenvironment.Weappreciateyourfeedbacktohelpusimproveourreportinginthefuture.Sincerely,RichardE.“Rick”MuncriefPresidentandCEOIn2023,DevonsESGaccomplishmentsincluded:Progressingallofourenvironmentaltargetsandprioritiesforairemissionsandrecy
53、cledwateruseAchievingourstandaloneemissionsreductiongoalfor2023Receivingthe“GoldStandardPathway”withintheOilandGasMethanePartnership2.0programforourimplementationplanformethaneemissionsreportingIncreasingrecycledwaterusageto83millionbarrelsin2023,a15%increase
54、comparedto2022IntegratingEHSlessonslearnedintoouroperationalstrategyReclaiming923acresofwellpad/accessroadlocationswiththegoalofachievingthesuccesscriteriaofourReclamationStandardComprehensivelyaddressingsafetychallengesApplyingadvancedtechnologiestoenhanceen
55、vironmental,safetyandhumanresourcesperformanceExpandingmentalhealthbenefitsandlaunchingmentalhealthawarenesstrainingforleadersAchievingtheTopPerformerdesignationinemployeewellnessontheJUSTJobsScorecardCentralizingourpublicandgovernmentaffairs,sustainabilityandcli
56、mate-relatedstrategyandexternalcommunicationsforevendeeperinternalalignment5DevonEnergy2024SustainabilityReportOverviewWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingMessagefromOurBoardDevonisdeliveringstrongbusinessresultsinaresponsiblewayTheDevo
57、nboardoverseesthecompanyseffortstobeasustainableenterpriseonethatsuppliesaffordable,accessible,reliableenergyinawaythatissafe,environmentallysound,sociallyresponsibleandethical.Tobesustainable,DevonmustalsogeneratereturnsforDevonstockholders.Basedonkeyfinanciala
58、ndoperationalmetricsandprogresstowardourenvironmentalperformancetargets,in2023theDevonteamfurtherstrengthenedthesustainabilityofthecompany,whilestayingtruetoourcorevalues.ItisnoteworthythatDevonachievedall-timehighoilproductionin2023,whilereducingthecarbonint
59、ensityofouroperationsandminimizingfreshwateruseinourhighestactivityarea,theDelawareBasin.Inaddition,DevonmorecloselyalignedourEHS,ESGandsustainabilityteamstodriveinternalprogressandguideconstructiveexternalcommunicationsandengagement.Thisalignmentcontributedtoop
60、erationalperformancethatmetbothbusinessneedsandenvironmentalperformancegoals,andleftDevonwellpositionedtocomplywithnewenvironmentalregulations.Theseresultsexemplifythediscipline,technicalexpertiseandstrategicforesightDevonemployeesapplytoproducingoilandnaturalgas
61、intherightway,andareessentialtosustainability.TheboardsGEPPCommitteeisresponsibleforoverseeingeffortstointegratesustainabilityintostrategicandtacticalbusinessactivitiesacrossDevontocreatelong-termshareholdervalue.Italsoleadsoureffortstonominatequalifiedindivid
62、ualsfortheboardfromadiversegroupofcandidateswhocanenhancetheboardscompositionandskillset.InJanuary2023,thecommitteessearchbroughtGenniferKellyandMichaelMearstotheDevonboard.Ourboardorientationandeducationprocessfornewdirectorsisdesignedtofamiliarizethemwi
63、thourbusinessstrategy,operations,performance,corporategovernanceandkeyfunctionsofthecompany.Theyalsomeetwithourexecutiveleadershipteam,otherseniorexecutivesandourboardchair,startingopen,ongoingdialoguethatweencourage.OurdirectorsengagewithDevonsubjectmatterexperts
64、inavarietyofdisciplines.Atadinnerwiththecompanysvicepresidents,theboardfeltenergizedbytheirpassionandwasimpressedwiththeirknowledge,bondandleadership.WebelievethequalityofDevonsleadershipbenchandhighlyengagedworkforceisrootedinthecompanyscommitmenttocultiv
65、atinganinclusive,diverse,equitableandrespectfulworkplacewhereemployeescanfeelasenseofbelonging.Asaboard,wehavefullysupportedpolicies,programsandenhancedbenefitsfocusedonemployeeswell-being.ResultsareacorevalueatDevon,andwealsosupportperformancebonusesandannual
66、ownershipequitygrantsthatrewardourworkforceforgeneratingshareholderreturns.JohnE.BethancourtBoardChairKeltKindickChairofGovernance,EnvironmentalandPublicPolicyCommitteeWithsustainabilityinmind,DevonisinvestinginSTEMeducationtodevelopourfutureworkforce.Thecompanys
67、productivepartnershipswithnonprofitorganizationsandschooldistricts,aswellasgrantstoteachersandschoolprograms,areintroducingthousandsofchildreninourcommunitiestothedisciplinesthatarethefoundationofourindustry.DevonhasalsoexpandedourDEICommunityGrantstoorganiza
68、tionsmeetinglocalneeds,makingarealdifferenceinthecommunitieswhereweliveandwork.Stakeholdershaveever-higherexpectationsforoilandgascompaniesandtheiroperational,financial,environmental,socialandgovernanceperformance.Thecompaniesthatcanmeetorexceedtheseexpectations,w
69、hilemaintainingstakeholdertrustandcreatingshareholdervalue,willthriveoverthecomingdecades.TheboardisconfidentthatDevonhasthestrategy,high-performingworkforceandresults-drivenculturetocontinuehelpingsupplytheworldsgrowingenergyneeds.TheDevonboardappreciatesyourin
70、terestintheactionsourcompanyistakingtobesustainable.Sincerely,JohnE.Bethancourt,BoardChairKeltKindick,ChairofGovernance,EnvironmentalandPublicPolicyCommittee6DevonEnergy2024SustainabilityReportOverviewWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingRep
71、ortSummaryEnvironmentReducedScope1andScope2location-basedgreenhousegas(GHG)emissionsby16%andScope1andScope2location-basedGHGemissionsintensityby24%in2023comparedto2019.Reducedmethaneemissionsby52%andmethaneemissionsintensityby57%in2023comparedto2019.MethaneEm
72、issionsIntensity(Scope1)(tCO2e/MBoe)Reducedflaredvolumesby83%andflaredvolumeintensityby82%in2023comparedto2019.FlaringIntensity(%ofnaturalgasproduced)Implementedourinternallydevelopedcarbonaccountingplatformthatimprovesouremissionsdataprecisionandreportingmethodolog
73、iesfornewregulatoryandvoluntaryreportingrequirements.Used83millionbarrelsofrecycledwaterin2023,anincreaseof15%comparedto2022.Achievedayear-over-year7%reductioninGHGemissionsintensityand6%reductioninmethaneemissionsintensity.Safety&SecurityAdvancedourprogressonth
74、eassetintegrityandsafeworkpracticeselementsofourcontractormanagementsystemtoalignwiththeEnergyExcellenceelements.In2023,approximately1,000Devonemployeesreceivedtrainingincardiopulmonaryresuscitation(CPR),automatedexternaldefibrillator(AED)andfirstaid.Set2024corporat
75、esafetygoalsfocusedonSIFexposurethataccountfor15%oftheoverallcorporatescorecard.GovernanceContinuedsubstantiveboardengagementandoversightofenvironmentaltargetsandstrategy,diversity,equityandinclusion(DEI),andotherESGmatters.Maintainedsignificanttiebetweenexecutivec
76、ompensationandenvironmentalandsafetyperformancethroughquantifiablemetricsandsignificantweightingforthosemetricsingradingouroverallperformancefortheyear.Wealsoprovidedadditionaltransparencyonourcorporategoalsforexecutiveandcompanywideperformancebyprospectivelypub
77、lishingourgoalsfortheyear.Engagedconstructivelywithfederalandstatepolicymakers,diversestakeholdersandthoughtleaderstobroadenourperspectivesonkeypublicpolicyissues.SocialInvested$1.2millioninSTEMeducationin2023.OpenedSTEMcentersin23elementaryschoolsandfourmidd
78、leschools,bringingourtotalto161STEMcentersacrossthecompanysince2021.Impacted121,606studentsand5,845teachersthroughourSTEMinvestments.IncreasedourDEICommunityGrantsfrom$268,000andin-kinddonationstoOklahomaCityandtheNewMexicoDelawareBasinnonprofitsin2022to$280
79、,000andin-kinddonationstononprofitsinOklahomaCityandallfiveofouroperatingareasin2023.DonationsunderourEmployeeGiftMatchProgramandannualGiveforGoodcampaign,plusthecompanymatch,totaled$2.7million.WorkforceEnhancedourpaidtimeoffpracticestoencourageandsupporte
80、mployeestotaketimeoffforhealth,personalandfamilyneeds.IncreasedprofessionalandleadershiplearningopportunitiesgroundedinDevonsvaluesandemployeefeedback.Furtherimprovedaccesstomentalhealthresourcesthroughanexpandednetwork,inpersonvisitsandvirtualcounseling.Wealsoc
81、ontinuedourfocusonmentalhealthinfieldsafetyengagements.Progressedawiderangeofpoliciesandprogramstoreducebiasandimproveequityandconsistency.MetourcorporateperformancescorecardgoaltodevelopnewrelationshipswithcharitableorganizationsinvolvedinDEIprogramming.Perfo
82、rmanceTargetsandProgressDevonsambitiousenvironmentalperformancetargetsfocusonfurtherreducingthecarbonintensityofouroperations,minimizingfreshwateruseandengagingconstructivelywithourvaluechain.OtherESG-RelatedPublicationsSEEOURPROGRESSONPAGE82023CLIMATECHANGEASSESS
83、MENTREPORT2023POLITICALACTIVITY&LOBBYINGREPORT201920202021202220233.792.281.841.721.62201920202021202220232.2%1.4%0.9%0.5%0.4%employeesandcontractorsimpactedbyourHearts&Mindsworkshopsandon-boardingsin2023.6367DevonEnergy2024SustainabilityReportOverviewWorkforceGovernanceSafety&
84、SecurityOverviewEnvironmentSocialReportingPerformanceTargetsandProgressDevonhasestablishedaggressiveenvironmentalperformancetargetsfocusedonreducingthecarbonintensityofouroperations,minimizingfreshwateruseandengagingconstructivelywithourvaluechain.Thesetargetsreflecto
85、urdedicationtoachievingmeaningfulemissionsreductionswhilepursuingourultimategoalofnetzeroGHGemissions.TargetsProgressFlaringPerformanceFlaredVolume(BCF)FlaringIntensity(%ofnaturalgasproduced)ValueChainEngagementMethaneEmissionsIntensity(Scope1)(tCO2e/MBoe)GHGEMISSIONSFOR
86、SCOPE1&2BY2050OFDEVONCONTRACTORSINKEYESGPERFORMANCEAREASBY2023REDUCTIONINGHGEMISSIONSINTENSITYFORSCOPE1&2BY2030(FROM2019BASELINE)ORLOWERFLARINGINTENSITYBY2025ROUTINEFLARINGBY2030REDUCTIONINMETHANEEMISSIONSINTENSITYFORSCOPE1&2BY2030(FROM2019BASELINE)NETZERO205
87、00.5%ANNUALASSESSMENT50%0.5%ELIMINATE65%2019Baseline201920202021202220232.83.82.31.81.71.6Note:Scope1and2GHGemissionsandmethaneemissionsincreasedin2022comparedto2021primarilydrivenbytheacquisitionofRimRockandValidus,aswellasanuptickincombustion-relatedemissions.See“Our
88、baselinerecalculationmethodology”discussiononpage22.GHGEmissionsIntensity(Scope1andScope2location-based)(tCO2e/MBoe)NETZEROBY20502019Baseline201920202021202220232220.419.415.416.615.520302030WaterPerformanceWaterRecycleRate(%recycledwaterBbl/waterusageBbl)NON-FRESHWATERUSAGEFO
89、RCOMPLETIONSINMOSTACTIVEDELAWAREBASINOPERATINGAREAS90%98%Non-freshwaterusedinmostactiveareasoftheDelawareBasinin202320192.2%202020201.4%38%202120210.9%53%202220220.5%57%202320230.4%55%201918.4202012.320216.420223.720233.22025BEGINNINGIN2023Devoncontractorswhoperformedworkont
90、hecompanyslocationsunderwentevaluationstoassesstheirESGperformanceinkeyareas.DevonwillcontinueevaluatinghowwecanconstructivelyengagestakeholdersupstreamanddownstreamofouroperationstoimproveESGperformanceacrossourvaluechain.8DevonEnergy2024SustainabilityReport
91、OverviewWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingOperationsOverviewOperationalexcellenceandEHSDevonEnergystrivesforsustainablegrowthbydeliveringoilandgasfromourportfolioofpremierassetsinadisciplined,capital-efficientandresponsibleway.Wegiveequ
92、alfocustooperationalexcellenceandourenvironmental,healthandsafety(EHS)performancetodrivebusinessprogressandkeepoursociallicensetooperatefordecadestocome.Wereguidedbyourvaluestoalwaysdowhatsright,earntrust,takeintelligentrisks,andmakeapositiveandsustainableim
93、pact.Devonfindsandproducesoil,naturalgasandnaturalgasliquidsinthemostprolificbasinsintheU.S.Byhelpingtosupplyreliable,affordableenergy,wecreatejobs,strengthenourcommunities,andcontributetolocal,state,federalandglobaleconomies.Wevepioneeredoperationalbestpractices,
94、proactivelyappliedadvancedtechnologies,andadaptedtoevolvingmarketconditions,regulationsandstakeholderexpectations.Wedothiswhileactivelymitigatingourenvironmentalimpacts,includingsettingandinvestinginmeetingambitioustargetstoreduceourmethaneemissionsandaddressstakeho
95、lderconcernsaboutclimatechangeandotherissues.Ouroperatingteamsareaccountableforsuperioroperationalexecution,protectingpeopleandtheenvironment,andcomplyingwithallapplicablelaws,regulationsandcompanypolicies.ThroughcontinuousimprovementinoperationsandEHSperformance,we
96、reabletoincreaseefficiencies,lowercostsandreduceourenvironmentalimpacts.ToreinforcetheimportanceofEHSresults,wetieaportionofourannualcompensationtoachievingcorporateEHStargets.Ourcross-functionalEHSCouncilsetsourstrategyandprioritiesforimprovingEHSperformance,
97、andregularlycommunicatesplansandprogresswithouroperatingteams.EHSprofessionalsinourfieldoperationssupportourteamswithtimelyguidanceandeffectivepolicies,protocolsandpractices.Tosafeguardourworkforce,Devonsoperatingteamsworkproactivelytostrengthenoursafetyculture,s
98、harelessonslearned,identifytrends,andtrackleadingandlaggingindicators.WestrivetoworkwithcontractpartnersinthefieldwhohavestrongEHSprogramsandtrackrecords.ContractorswhoperformworkonDevonlocationscompleteaquestionnairetohelpusassessalignmentwithourESGpriorit
99、iesandultimatelyenhanceoursupplierrelationshipsandperformance.Weevaluateandapplythelatesttechnologies,toolsandbestpracticestoimproveourenvironmentalperformance.Oneofourtopprioritiesistoaccuratelymeasureandmitigategreenhousegas(GHG)andmethaneemissionsandmeetour
100、short-andlong-termemissionreductiontargets.Wehavesignificantlyreducedflaredvolumesfromouroperationsandsteadilyincreasedthenumberofvoluntaryleakdetectionandrepair(LDAR)surveysperformedonequipment.Devonhasreducedourneedforfreshwaterinourhighest-activitybasinsbyincr
101、easingourrecyclingcapacityandthevolumeofrecycledwaterweuse.Wealsoseektolimittheuseoffreshwaterasmuchaspossible.Devoniscommittedtolandconservationandseekstoprotectbiodiversitybyminimizingouroperationalfootprintandimpactstoland,wildlifeandtheirhabitats,and
102、culturalandhistoricalresources.DiversifiedportfolioacrossU.S.resourceplaysDevonoperatespremieracreagepositionswithadeep,high-qualityinventoryofdrillinglocations.OurfocuseddevelopmentplancentersondrillingactivitiesinourcoreareasoftheDelawareBasinofsoutheastNewMexi
103、coandwestTexas,theEagleFordShaleinsouthTexas,thePowderRiverBasininWyoming,theWillistonBasininNorthDakotaandtheAnadarkoBasininwesternOklahoma.WevepositionedDevonforsustainablegrowththroughadisciplined,returns-drivenstrategy,significantfinancialstrengthandliquidi
104、ty,andanadvantageddividend.OurcommitmenttoESGexcellencesupportsourgrowthbykeepingusfocusedonmanagingrisk,operatingresponsiblyandimprovingcontinuously.ANADARKOBASINWILLISTONBASINDELAWAREBASINPOWDERRIVERBASINEAGLEFORD9DevonEnergy2024SustainabilityReportOverviewWorkfor
105、ceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingOperationsOverviewcontinuedTechnologyinnovationanddifferentiationAsalong-timeindustryinnovator,westrivetodifferentiateourcompanythroughourtechnologyuse.Devoninvestsin,develops,deploysandinvestigatesadvancedtechnol
106、ogiestoimproveEHSperformanceandoptimizeproduction.Advancedemissionsdetectionandquantificationtechnologiesareakeycomponentofourstrategyforbroaderemissionsreductions.Weestablishedatestingfacilitywhereweevaluateandcomparemultipletechnologiesthatwouldallowforfaster
107、detectionandmitigationofmethaneemissionsinaneconomicallyfeasibleway.Wecontinuetoassesstechnologiestoenhanceflareperformanceandidentifysmallfluidspills,whilealsofocusingonwater-relatedtechnologiesaimedatbeneficialusesofproducedwaterbeyondourindustry,desalination
108、andmineralextractionfrombrines.Devoninvestsinadedicatedtechnologyteamandembedstechnologyprofessionalsinourbusinessunitstoalignsolutionstobusinessneeds.In2023,weimplementedacarbonaccountingplatformthatwasthecollaborativeeffortofsoftwaredevelopers,dataengineers
109、anddatascientistsonourtechnologyteamanddomainexpertsfromourESGandEHSteams.Theplatformenablesustocalculateemissionsatthefacilityequipmentlevelinsteadofatthetraditionalbasinlevel,whichimprovesemissionsdataprecisionandreportingmethodologies.Asaresultofpriorit
110、izingthisproactiveproject,DevonisbetterpreparedtocomplywithU.S.EnvironmentalProtectionAgency(EPA)methaneemissionsregulationsandU.S.SecuritiesandExchangeCommission(SEC)Scope1andScope2emissionsdisclosuresfinalizedin2023and2024,respectively.Thiscapabilityalsomakesusbe
111、tterabletosetandmeetourgoalsforreducingGHGandmethaneemissionsintensity.Inaddition,ourtechnologyexpertsarecollaboratingwithouroperationsandEHSteamstounderstandandapplythesubstantialamountofdatageneratedbytheemissions-relatedtechnologieswereinvestigatingandde
112、ploying.Ourdatascienceanalyticsteamdevelopedcustomartificialintelligencemodelsthatevaluatemultiplecameraimagesofwellsiteseveryhourtodetermineiftheflaringequipmentisfunctioningproperly.Ifissuesaredetected,wecanalertordispatchanoperatortotakeaction.Devonalsohol
113、dsmultiplepatentsrelatedtodrillingandcompletionsoperations,includingsealedwellborepressuremonitoring,abreakthroughinfracturediagnostics.NewbusinessopportunitiesInlinewithourambitiontoprovideresponsiblyproducedenergywhiledeliveringlong-termshareholdervalueandmaintain
114、ingstakeholdertrustastheworldmovestoalower-carbonenergysystem,Devoncontinuestoexploreemerginglow-carbonopportunitiesthatarecomplementarytoourcorebusiness.Theseincludegeothermalproduction,electrification,producedwatermanagement,liquefiednaturalgasopportunities,hydrogen
115、development,carboncaptureutilizationandstorage,low-carbonventurecapitalinvestmentsandstrategicexportopportunitiestoenhancetheultimatevalueofourproduction,amongothers.In2023andearly2024,Devonmadestrategicinvestmentstotaling$100millioninFervoEnergy,aleaderinnext-gen
116、erationgeothermaltechnology.Fervoemployshorizontaldrilling,multi-stagewellcompletionanddistributedfiberopticsensingtogeothermalreservoirdevelopment,includingsomeoilandgastechnologiesthatDevondevelopedoverthelastdecade.Ourengineersandgeoscientistsprovidetechnicalassi
117、stanceanddataanalysisexpertisetohelpFervomakeeffectiveoperationaldecisions.Giventhesynergiesinoperationalpracticeandcorecompetencies,thispartnershipunderscoresDevonscommitmenttocreatingvalueinthetransitiontoanever-cleanerenergyeconomy.Wereexcitedaboutthemarket,F
118、ervotechnologyandtheoperationalimprovementsFervoismaking.Devonhasinvestedinalong-termLNGexportpartnershipthatcreatesadditionalpricingdiversificationforournaturalgasportfolioandsustainable,capital-efficientreturnsforourshareholders.Italsoprovidesamuch-neededsource
119、ofadditionalsupplytotheglobalLNGmarketplace.SupplychainimprovementsOperationalexcellencerequirescontrollingcosts,whichweveaccomplishedwithoperatingmarginimprovements,drillingandcompletionsefficiencies,andimprovedsupplychainefficienciesfromourenhancedoperatingscale.One
120、ofoursupplychainimprovementsisafirst-of-its-kindmobilesandmineforcompletionsoperationswedevelopedonsurfaceacreageweownintheDelawareBasin.Thisinnovativeapproachprovidessupplycertaintyandcostsavings,andimprovessafetyandemissionsperformancebyreducingthenumbero
121、fsandtrucksonroadsandthecombustionemissionsassociatedwithtraditionalminingpractices.Keepingpeoplesafeandprotectingtheenvironmentareimportanttoourdailyoperations,thelong-termvalueofourcompanyandoursociallicensetooperate.Devontakesownershipofourenvironmental,he
122、alth,safety,operationalandfinancialperformance,andworkseverydaytoimproveit.AdditionalinformationaboutDevonsperformanceisavailableinourdetailedquarterlyearningspresentations.LEARNMORE10DevonEnergy2024SustainabilityReportOverviewWorkforceGovernanceSafety&SecurityOverviewE
123、nvironmentSocialReportingAimingforindustry-leadingperformance2023CDPClimateResponse2023CDPClimateScore2023ClimateChangeAssessmentReportEnvironment,HealthandSafety(EHS)PhilosophyEHSprotocolsforbusinessprocessesReclamationStandardBasisofReportingGHGEmissionsIndependen
124、tAssuranceStatementOverview12ClimateChange19AirEmissions21WaterManagement27LandConservation29andBiodiversityWasteManagement32SpillPrevention33TheEnvironmentsectionofour2024SustainabilityReportincludes:ResourceLinks:11DevonEnergy2024SustainabilityReportEnvironmentWor
125、kforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingOverviewTocontinuouslyimproveourenvironmentalperformance,Devonisproactiveandresults-oriented.Weconsiderthepotentialimpactsofouroperationswhenplanningactivitiesandmakingdecisions.Westrivetocomplywithallappl
126、icableenvironmentallawsandregulations,oftengoingaboveandbeyondwhatsrequired.Intheprocess,weincorporatetechnology,toolsandbestpracticestohelpminimizeoravoideffectsonair,water,landandwildlife.Devonseekstoworkwithcontractorswhoshareourcommitmenttoenvironmentalstew
127、ardship.Ourcontractorsmustadequatelytraintheirpersonneltoperformenvironmentallysoundworkandhaveprogramstocomplywithapplicableenvironmentallaws,rulesandregulations.Contractorsaswellasemployeeshavearesponsibilitytostopworktopreventspillsorotherenvironmentalissues
128、.Inaddition,contractorswhoperformworkonDevonlocationsarerequiredtocompleteassessmentstohelpusevaluatetheirenvironmental,socialandgovernance(ESG)performanceinkeyareas.Devoniscommittedtodoingwhatsrightfortheenvironment.Wewanttobeagoodneighbor,atrustedpartnerand
129、aresponsible,competitiveoperatorasweproduceoilandnaturalgastohelpmeetglobaldemand.Webelieveexemplaryenvironmentalperformanceisessentialtomanagingrisk,capturingforward-lookingbusinessopportunities,anddeliveringlong-termvalueforourshareholdersandotherstakeholders.Dev
130、onhasestablishedatrackrecordofenvironmentalperformanceimprovements.Todocumentprogressonourlong-standingprioritytoreduceourgreenhousegas(GHG)andmethaneemissions,weverespondedtotheCDPclimatechangesurveyfor20consecutiveyears.Foralmosttwodecades,wevebeenattheforef
131、rontofwaterconservationeffortsinourindustry.Devontakesgreatcaretopreservebiodiversityandprotectwildlifehabitatandculturalresourcesinareassurroundingouroperations.Transparencyisimportanttoourstakeholdersandkeepsusaccountableforourresults.Devontracksspecificmetr
132、icsforGHGandmethaneemissions,flaring,spills,energyuse,wateruseandothers.Weveconsistentlyincreasedourdisclosuresinrecentyearsandcontinuetosharethisinformationinthisreportandotherpublicdisclosures.Foradditionalmetricsanddetailsonourenvironmentalpractices,pleaseref
133、ertoourClimateChangeAssessmentReportandCDPresponses.TheUnitedNationshasestablished17SustainableDevelopmentGoals(SDGs).Theyrepartofagloballyagreed-uponactionplanfororganizationsseekingtoprovideaffordableenergy,producedresponsiblytoprotecttheenvironment,whilealsop
134、romotingpeaceandprosperityforallpeople.Inthisreport,wehaveidentifiedawidevarietyofDevonsbusinessactivitiesthatalignwiththeU.N.SDGs.Hereintheenvironmentalsection,lookfor:CleanWaterandSanitationpage28LifeonLandpage31AffordableandCleanEnergypage20Partnershipsfo
135、rtheGoalspage26TakingActionAIRReducedScope1andScope2location-basedGHGemissions16%andmethaneemissions52%in2023comparedto2019.ReducedScope1andScope2location-basedGHGemissionsintensity24%andmethaneemissionsintensity57%in2023comparedto2019.DirectandIndirectGHG
136、Emissions(Scope1andScope2location-based)(milliontonnestCO2e)DirectandIndirectGHGEmissionsIntensity(Scope1andScope2location-based)(tCO2e/MBoe)MethaneEmissions(milliontonnesCO2e)MethaneEmissionsIntensity(Scope1)(tCO2e/MBoe)2019201920195.6420.371.052020202020205.3119.360.62202120
137、2120214.2915.440.512022202220224.9816.580.522023202320234.7415.480.50Note:Scope1and2GHGemissionsandmethaneemissionsincreasedin2022comparedto2021primarilydrivenbytheacquisitionofRimRockandValidus,aswellasanuptickincombustion-relatedemissions.Since2019Since2019Since201
138、9Since201916%24%52%57%20193.7920202.2820211.8420221.7220231.6212DevonEnergy2024SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingOverviewcontinuedDrivingalignmentDevonhasastrongorganizationtomanageenvironmentalperformance,fromour
139、boardofdirectorstofield-levelenvironmental,healthandsafety(EHS)andoperationsteams.WevebeenbringingtogetherourEHSandESGcorecompetenciesandcapabilitiestodrivealignmentonourbroaderenterprisegoalsandobjectives.OurgovernancepracticesandorganizationalstructureelevateE
140、HSoversightanddiscussions,includingthoserelatedtoclimatechangeandtheenergytransition.TheboardsGovernance,EnvironmentalandPublicPolicy(GEPP)Committeereviewspoliciesandperformancerelatingtoourenvironmentaleffortsandoverseessustainabilitystrategy,goalsandintegrationinto
141、ourbusinessactivities.Throughitsroletonominatecandidatesforourboard,theGEPPCommitteeestablishesacloseconnectionbetweencorporategovernanceandsustainability.TheGEPPcommitteereviewsDevonsadvocacyeffortsandassistswithevaluatingpolitical,legislativeandregulatorydevelop
142、mentsthatcouldaffectthecompany.Ourvicepresidentofpublicandgovernmentaffairs,whoreportstoourexecutivevicepresidentandgeneralcounsel,leadsoureffortstoadvocateforDevonsinterests,includingthoserelatedtoclimatechange.Beginningin2024,thisvicepresidentalsoleadsoursu
143、stainabilityandclimate-relatedstrategyandexternalcommunications,allowingforevendeeperalignmentbetweenthesecriticalresponsibilitiesatthecompany.Ourvicepresidentofcorporategovernance,secretaryandassociategeneralcounsel,whoalsoreportstoourexecutivevicepresidentandgene
144、ralcounsel,leadsDevonseffortstocommunicatewithshareholderstounderstandtheirsustainabilityandESG-relatedinterestsandexpectationsandsharesthoselearningswithseniormanagementandtheboard.Devonsboardunderstandsthatclimatechangerisksareofteninterrelatedwithotherbusines
145、sandpublicpolicyrisks.Initsregularquarterlymeetings,aswellasotherperiodicandspecialmeetings,theboardreviewsEHSmattersbroughttoitsattentionandconsidersissuesrelatedtoESGstrategyplanningandriskmanagementprograms,includingthosepertainingtoclimate-relatedrisksand
146、opportunities.AfterapprovingDevonsenvironmentaltargetsin2021,theboardcontinuestoreviewstrategy,spendandprogresstowardthesetargets,includingtheimplementationofvariousnewoperationalandtechnologicalapproaches.Asacomponentofexecutivecompensation,environmentalresultsinclu
147、dedinourcorporategoalsarereviewedbytheboardsCompensationCommittee.Inaddition,atleastsevenDevondirectorshaveaneducationalbackgroundordirectworkexperienceinenvironmentalmatters.TakingActioncontinuedAIRcontinuedReducedflaredvolumesby83%andflaredvolumeintensityby8
148、2%in2023comparedto2019.ReceivedtheOGMP2.0“GoldStandardPathway”forourimplementationplanforenhancedmethaneemissionsreporting.Issuedourupdated2023ClimateChangeAssessmentReportinformedbytheTaskForceonClimate-relatedFinancialDisclosures(TCFD)recommendations.Transitionedf
149、romtestinginnovativemethanedetectiontechnologiestodeployingenhanceddetectionsystemsthroughoutouroperations.Implementedourinternallydevelopedcarbonaccountingplatformthatimprovesouremissionsdataprecisionandreportingmethodologiesfornewregulatoryandvoluntaryreportingre
150、quirements.WATERUsed83millionbarrelsofrecycledwaterin2023,anincreaseof15%comparedto2022.Since2015,wehavereusedover300millionbarrelsofwaterfromourwatertreatmentfacilities.BIODIVERSITYOurenterprise-wideReclamationStandardwentintoeffecttoreestablishbiodiversityval
151、ueconsistentlyacrossthecompanywiththegoalofincreasingnativespeciesdiversityandrichnessinareasweoncedisturbed.DEVONSGOALSAchievedayear-over-year7%reductioninGHGemissionsintensityand6%reductioninmethaneemissionsintensity.Reducedthenumberofspillsandthevolumeof
152、spilledfluidsby14%and30%,respectively,byevaluatingspilltrendsandtakingactiononthoseinsights.FlaringIntensity(%ofnaturalgasproduced)20192.2%20201.4%20210.9%20220.5%20230.4%Since201982%13DevonEnergy2024SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewE
153、nvironmentSocialReportingOverviewcontinuedThecouncildrivesindustry-leadingenvironmentalperformancebydevelopingenvironmentalgoalsthatareapprovedbytheboardaspartofourexecutivecompensationformula.InresponsetostakeholderrequeststotieDevonscompensationdirectlytoourtarg
154、ets,in2022wesetourfirststandaloneemissionsreductiongoal.Wemaintainedthestandaloneemissionsreductiongoalin2023.Thetwo-partcompensationgoalfor2023includedareductioninourGHGemissionsintensityandareductioninourmethaneemissionsdetectedbyaerialflyoversthattogethe
155、raccountedfor15%ofthecompanys2023performancescorecard.Our2023GHGemissionsintensityreductionfullymetthegoalwesetandthe19%decreaseinourmethanedetectionratewasdeemedexceptional.In2024,thestandaloneemissionsreductiongoalenhancesourfocusonmethaneemissionsmitigati
156、onbytargetingareductioninbothmethaneemissionsintensityandmethaneemissionsdetectedbyaerialflyovers.Ourcorporategoalsandmedium-andlong-termgoalschallengeDevontoimproveourenvironmentalperformanceandholdusaccountableforproducingoilandnaturalgasinanenvironmentall
157、yresponsibleway.Operationsbuy-inTheEHSCouncil,madeupofDevonbusinessunitandoperationsleaders,helpsprotectoursociallicensetooperateandadvanceourcultureofenvironmentalstewardship.Thecouncilsetsenvironmentalstrategyandgoals,tracksperformanceandevaluatestheeffectivene
158、ssofourenvironmentalpolicies,protocolsandpractices.Italsoproposescorporateenvironmentalgoalstiedtocompensationtotheboardforapproval.Tocontinuouslyimproveourperformance,thecouncilreviewsenvironmentalincidentsandnearmisses,developscorrectiveactionsasneededandshares
159、bestpracticesacrossDevon.Councilmembersholdregulardiscussionswithfieldproductionleaderstoupdatethemonrapidlyevolvingstakeholderexpectationsaboutenvironmentalperformanceandclimatechange.TheDevonEHSManagementSystem,developedbythecouncil,includesanenvironmentalmanagem
160、entelementtodriveprogramimprovementsandassessments.OurenvironmentalprofessionalsworkcloselywithDevonleaderstopromoteandimplementenvironmentallysoundoperationsthatcomplywithapplicablelaws,regulationsandcompanypolicies.BasedonitsassessmentofDevonsprogressontheelem
161、entsofourmanagementsystem,thecouncilisfocusingontheassetintegrityelementin2024toenhanceouroverallenvironmentalperformance.TopositionDevonforlong-termsuccess,thecouncilreviewsemergingEHSandESGissues,aswellasproposedlawsandregulationsandtheirpotentialfinancial
162、,operationalandreputationalimpactonthecompany.DevonsenvironmentalperformancetargetsWereimprovinghowweproduceanddelivertheoilandnaturalgastheworldneedsNETZEROGHGemissionsforScope1and2by205050%ReductioninGHGemissionsintensityforScope1and2by203065%Reductioni
163、nmethaneemissionsintensityby203090%Orhighernon-freshwaterusageforcompletionsinourmostactiveDelawareBasinoperatingareas0.5%Orlowerflaringintensityby2025ELIMINATERoutineflaringasdefinedbytheWorldBankby2030ENGAGEValuechaininassessmentsofperformanceinkeyESGarea
164、sby2023Attheexecutivelevel,Devonsexecutivevicepresidentandchiefoperatingofficer(COO)isaccountableforourenvironmentalcomplianceandprogramexecution;emissionreduction,mitigationandabatementprograms;andcarbonaccounting.Asaresultofourorganizationalefforts,environmentalobj
165、ectivesandtargetsareconsideredincapitalallocationdecisions,corporateandbusinessunitplanning,andteamstrategiestooperationalizeemissionsreductionsintothewaywedobusiness.OurenvironmentalphilosophyReduceemissionsPreventpollutionConservewaterProtectbiodiversityMitigateriskT
166、rackprogress14DevonEnergy2024SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingOverviewcontinuedNewbusinessopportunitiesInlinewithourambitiontoprovideresponsiblyproducedenergywhiledeliveringlong-termshareholdervalueandmain
167、tainingstakeholdertrustastheworldmovestoalower-carbonenergysystem,Devoncontinuestoexploreemerginglow-carbonopportunitiesthatarecomplementarytoourcorebusiness.Theseincludegeothermalproduction,electrification,producedwatermanagement,liquefiednaturalgasopportunities,hydr
168、ogendevelopment,carboncaptureutilizationandstorage,low-carbonventurecapitalinvestmentsandstrategicexportopportunitiestoenhancetheultimatevalueofourproduction,amongothers.In2023andearly2024,Devonmadestrategicinvestmentstotaling$100millioninFervoEnergy,aleaderinnext
169、-generationgeothermaltechnology.Fervoemployshorizontaldrilling,multi-stagewellcompletionanddistributedfiberopticsensingtogeothermalreservoirdevelopment,includingsomeoilCollaborationforprogressOurcorporatevaluetobuildrelationshipsisvitaltoimprovingourenvironmentalperf
170、ormance.Weengagewithavarietyofstakeholderstounderstandtheirperspectivesonclimatechange,wateruse,seismicity,spillsandotherenvironmentalissues.Devonteamsupwithindustrytradeassociations,environmentalnonprofitorganizations,academicpartnersandinnovativebusinessestodevelop
171、solutions.Weremaincommittedtolistening,collaborating,increasingtransparencyanddoingourparttoprotecttheenvironment.OilandGasMethanePartnership2.0GTIVeritasTheEnvironmentalPartnershipTheNewMexicoProducedWaterResearchConsortiumStanfordCenterforInducedandTriggeredSei
172、smicityU.S.EnvironmentalProtectionAgencyU.S.BureauofLandManagementMandan,HidatsaandArikara(MHA)NationColumbiaCenteronGlobalEnergyPolicyBipartisanPolicyCenterandgastechnologiesthatDevondevelopedoverthelastdecade.Ourengineersandgeoscientistsprovidetechnicalassistance
173、anddataanalysisexpertisetohelpFervomakeeffectiveoperationaldecisions.Giventhesynergiesinoperationalpracticeandcorecompetencies,thispartnershipunderscoresDevonscommitmenttocreatingvalueinthetransitiontoanever-cleanerenergyeconomy.Wereexcitedaboutthemarket,Fervote
174、chnologyandtheoperationalimprovementsFervoismaking.Devonhasalsoinvestedinalong-termLNGexportpartnershipthatcreatesadditionalpricingdiversificationforournaturalgasportfolioandsustainable,capital-efficientreturnsforourshareholders.Italsoprovidesamuch-neededsourceo
175、fadditionalsupplytotheglobalLNGmarketplace.15DevonEnergy2024SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingOverviewcontinuedTakingactiontomeasure,reportandmitigatemethaneemissionsAchievingmeaningfulreductionsinmethaneem
176、issionsisacentralcomponentofDevonsbroaderemissionsreductionstrategy.Wearetakingactiontomeasure,reportandmitigatemethaneemissionsinatrustedandtransparentway.IndependentlyverifyingourreportedGHGemissionsdataTobolsterthecredibilityofDevonsemissionsreportingwhich
177、informsthebasisofouremissionsreductiontargets,DevonengagedERMCVStoconductindependentthird-partylimitedassuranceofourScope1andScope2location-basedGHGemissionsdata,whichincludesmethane,forthereportingyear(RY)2023.DeployingadvancedmethanemonitoringtechnologiesAdvance
178、dmethanedetectionandquantificationtechnologiesareevolvingrapidly.Across-functionalteamatDevonevaluatesemergingtechnologiesthathavethepotentialtobemoreeffectiveatfindingleaksoverbroaderareas,allowingforfasterdetectionandmitigation.Theteamhasevaluatedandtestedad
179、vancedopticalgasimaging(OGI)cameras,sensor-,camera-andlaser-basedcontinuousandnear-continuousmonitoring,andfixed-wingaircraftflyovers.DevonsemissionsmonitoringtestfacilityintheAnadarkoBasin,nearourcorporateheadquarters,playsanimportantroleinidentifyingwhichinnovativetec
180、hnologiesareviablecandidatestoincorporatemorebroadlyacrossDevonsvariousoperatingareas.In2023,weenhancedourleakdetectionandrepairprogramby:Surveying2,781productionandwell-padfacilitieswithOGIcamerasatleastonceduringtheyear(withsomefacilitiessurveyedmorethanonc
181、e)Surveying3,703productionandwell-padfacilitieswithaircraftflyoversatleasttwiceduringtheyear,andInstallingcontinuousemissionsmonitoringon200ofourproductionfacilitiesBuildingonourprogressFollowingextensivetestingandevaluationofmultipletechnologiesatourtestfacilit
182、y,Devonisbeginningtodeployinnovativemethanedetectiontechnologiesin2024.Theseincludeperimeter-basedandvideodetectionsystems.Wehaveanongoing,increasedefforttoanalyzedatafromourmethanedetectionsystemstobetterunderstandouremissionsandabatementstrategies.Inaddition,we
183、continuetodevelopbestpracticestooperationalizethenewdataderivedfromthesetechnologiesandintegratethedataandlessonslearnedintoourbusiness.Forexample,wereworkingtointegratecontinuousemissionsdetectiondataintooursystemsandthedecisionsupportcentersthatmonitorour
184、facilitiestoimproveourabilitytotrendandoptimizeouroperations.Werealsodeployinganartificialintelligence(AI)programthatalertsustotakeactiononoperationalissuesbasedonitsanalysisofdatafromourSCADA(supervisorycontrolanddataacquisition)systemanddecisionsupportcent
185、ers.Inaddition,wecreatedacontinuousmonitoringdashboard,automatedtheworkorderprocessforrepairingdetectedleaksanddevelopedamethanemonitoringinterimstandardoperatingprocedure(SOP).Usinglessonslearnedandapplyingbestpracticeswillamplifytheimpactofourmethaneemissionst
186、echnologychoices.CollaboratingwithindustrytodevelopmethanemeasurementandreportingmethodologiesWorkingwithleadingcompaniesthatshareourcommitmenttoreducingmethaneemissionsiscriticalforDevonandthebroaderindustryasweseektodeveloptrustedmethodologiesforreportingmeth
187、aneemissions,incorporatingthetypesoftechnologiesthatDevonandothersintheindustryareevaluating,testinganddeploying.OilandGasMethanePartnership2.0DevonisamemberoftheOilandGasMethanePartnership2.0(OGMP2.0),amultistakeholderpartnershiptoimprovetheaccuracyandtransp
188、arencyofmethaneemissionsreportingintheoilandgassector.OGMP2.0isavoluntary,public-privatepartnershipbetweentheUnitedNationsEnvironmentProgramme,theEuropeanCommission,theEnvironmentalDefenseFundandover80oilandgascompaniesaimedatminimizingmethaneemissionsfromglob
189、aloilandgasoperations.Itsworkhashelpedtoraiseawarenessofmethaneemissionsandcontributedtothegrowingpriorityofmitigationactivities.OGMP2.0istheonlycomprehensivemeasurement-basedreportingframeworkcoveringallmaterialsourcesofmethaneemissionsfrombothoperatedandno
190、n-operatedassetsacrossallsegmentsofthevaluechain.AfterjoiningOGMP2.0in2022,Devonreceivedthe“GoldStandardPathway”forourimplementationplan,demonstratingourcontinuedcommitmenttoatransparentandaccurateaccountingofmethaneemissionsacrossourportfolio.16DevonEnergy2024
191、SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingOverviewcontinuedGTIVeritasDevonisafoundingsponsorofVeritas,aGTIEnergyMethaneEmissionsMeasurementandVerificationInitiative.Veritasisthefirst-everstandardized,science-based,tech
192、nologyneutral,measurementinformedapproachtocalculatingandreportingmethaneemissionsalongthenaturalgassupplychainfromproductionallthewaytodistribution.Asafoundingsponsor,weareworkingwithGTIEnergytodevelopandtesttheprotocolsinatransparentprocesstogetherwithtec
193、hnicalexperts,leadingacademics,environmentalNGOsandcompanies.Oncecompleted,thewidespreadadoptionoftheVeritasprotocolsacrossindustryensuresthatthereisaconsistentandtransparentmethodologyforcompaniestocalculateandreportmethaneemissions.Italsoprovidesastandardizedway
194、ofevaluatingmethaneemissionsmonitoringandmitigationtechnologies.CarbonaccountingcapabilitypreparesDevonforincreasedregulatoryreportingrequirementsTocontinueimprovingouremissionsdataprecisionandreportingmethodologies,in2023Devonbeganusinganinternallydevelopedcarbon
195、accountingplatformforouremissionsinventoryreporting.Theplatformenablesustocalculateemissionsatthefacilityequipmentlevelinsteadofatthetraditionalbasinlevel.Withamorepreciseandaccurateemissionsreportinginventory,werebetterabletomeetregulatoryandvoluntaryreportin
196、gstandards,aswellasmodelpathwaysforreducingGHGandmethaneemissionsandintensity.Developingourcarbonaccountingplatformwasacompanypriorityandacollaborativeeffortofsoftwaredevelopers,dataengineersanddatascientistsonourtechnologyteamandourEHSandESGdomainexperts.A
197、saresultofthisproactiveproject,DevonisbetterpreparedtocomplywithnewU.S.EnvironmentalProtectionAgency(EPA)methaneemissionsrulesandU.S.SecuritiesandExchangeCommission(SEC)Scope1andScope2emissionsdisclosuresfinalizedin2023and2024,respectively.17DevonEnergy2024Susta
198、inabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingOverviewcontinued1Theenvironmentmetricshavebeencalculatedusingthebestavailabledataatthetimeofpublication.Historicalmetricsaresubjecttochangeaswecontinuouslyseektoimproveour
199、datamanagementpractices,datasourcesandcalculationmethodologiesinordertoprovidethehighestleveloftransparency,consistencyandaccuracy.Wereportenvironmentmetricsonanoperatedbasis,unlessotherwisenoted.2WeincludeallreportableemissionsunderEPAsGreenhouseGasReportingPro
200、gram(GHGRP)forDevonoperatedfacilities,aswellasnon-reportableemissionsfromourproductionassetsand,beginninginreportingyear2019,gatheringandboostingassets.WecalculateemissionsintensitiesusinggrossproductionasreportedundertheEPAGHGRPforallreportingsegments.3Wecalcula
201、teourIndirectGHGEmissionsfromElectricityUse(Scope2)onalocation-basedmethodologyusingEPAfuelandelectricityemissionsfactors.4Wereportindirectemissionsfromtheuseofsoldproducts(Scope3)onanequitybasisfromsourcesnotownedorcontrolledbyDevon.ToestimateourScope3em
202、issions,werelyuponIpiecas2016guidancedocumentEstimatingPetroleumIndustryValueChain(Scope3)GreenhouseGasEmissions.PertheIpiecaguidance,wereportcategory11“UseofSoldProducts”bycalculatingcombustionemissionsforouroil,naturalgasandmarketednaturalgasliquidsproductsusin
203、gemissionsfactorsobtainedfromtheEPAandnetequityproductionreportedinDevons2023AnnualReportonForm10-K.5OurmethaneemissionsintensityratecalculationincludesallnaturalgasproducedatDevonoperatedfacilitiesandallmethaneemissionsfromDevonoperatedfacilitiesassociated
204、withtheproductionofoilandnaturalgas.ClickheretoseeDevonscalculationmethodologyformethaneemissionsintensity6Ourflaringintensityratecalculationincludeshigh-pressureflaredvolumesassociatedwiththeproductionofoilandnaturalgas.7Ourwaterusageincludesallwatersource
205、susedincompletionsactivitiesatfacilitiesoperatedbyDevonin2023.ERMCVSprovidedlimitedassuranceinrelationtoDevonsTotalScope1GHGemissionsandTotalScope2GHGemissions(location-basedmethod)forthereportingperiodJanuary1,2023toDecember31,2023.Additionally,ERMCVSprovide
206、dlimitedassuranceinrelationtoDevonsTotalScope1GHGemissionsandTotalScope2GHGemissions(location-basedmethod)forthepreviousreportingperiodsofJanuary1,2021toDecember31,2021andJanuary1,2022toDecember31,2022.EnvironmentPerformanceMetrics1202120222023DirectGHGEmissions
207、(Scope1)(milliontonnesCO2e)23.954.594.37ByConstituentCarbonDioxide(milliontonnesCO2e)3.444.073.87Methane(milliontonnesCO2e)0.510.520.50NitrousOxide(milliontonnesCO2e)0.0020.0020.003BySourceFlaring/Venting(milliontonnesCO2e)2.321.881.41Combustion(milliontonnesCO2e)1.602.692.94Other(
208、milliontonnesCO2e)0.030.020.03IndirectGHGEmissionsfromElectricityUse(Scope2)(milliontonnesCO2e)30.340.390.37DirectandIndirectGHGEmissions(Scope1and2)(milliontonnesCO2e)2,34.294.984.74Scope1and2GHGemissionsandmethaneemissionsincreasedin2022comparedto2021,primarilydri
209、venbytheacquisitionofRimRockandValidus,aswellasanuptickincombustion-relatedemissions.DirectGHGEmissionsIntensity(Scope1)(tCO2e/MBoe)214.2215.2914.27DirectandIndirectGHGEmissionsIntensity(Scope1and2)(tCO2e/MBoe)215.4416.5815.48IndirectGHGEmissionsfromUseofSoldProducts
210、(Scope3)(milliontonnesCO2e)4849097WereportindirectemissionsfromtheuseofsoldproductsonanequitybasisfromsourcesnotownedorcontrolledbyDevon;however,itisimportanttonotethatScope3emissionsestimatesaresubjecttouncertainty,inconsistencyandduplicationasfurtherdescri
211、bedintheAirEmissionssectionofthisreport.MethaneEmissionsIntensity(Scope1)(tCO2e/MBoe)21.841.721.62MethaneEmissionsIntensity-ProductionSegment(Scope1)(%ofnaturalgasproduced)50.20%0.19%0.17%FlaringVolume(Bcf)6.43.73.2FlaringIntensity(%ofnaturalgasproduced)60.93%0.49%0.40%Energy
212、Used-FuelandElectricityUse(trillionBTU)327.1843.0346.04OtherAirEmissions-Newlyreportedin2023SulfurOxides(thousandtonnes)0.13NitrogenOxides(thousandtonnes)24.44VolatileOrganicCompounds(thousandtonnes)21.9WaterUsage(millionBbl)7116126150Recycled(millionBbl)617283Sourced(millio
213、nBbl)545467Fresh(millionBbl)-Newlyreportedin202297EXCELDOWNLOAD202120222023WaterUsageIntensity(Bbl/Boeproduced)70.420.450.49WaterUsageIntensity(millionBbl/wellcompletion)70.310.320.26WaterRecycleRate(recycledwaterBbl/waterusageBbl)853%57%55%Devonstotalwateruseforcompletions
214、activitiesvarieswithactivitylevels,targetedformationsandlaterallengths,andincludesfresh,non-freshandrecycledwatervolumes.Weseekalternativestofreshwatersupplies,wherepossible.ReportableSpillEventsReleasedtotheEnvironment(events)9280413330ReportableSpillVolumesReleasedt
215、otheEnvironment(barrels)95,70510,8586.262BASISOFREPORTINGGHGEMISSIONSINDEPENDENTASSURANCESTATEMENT18DevonEnergy2024SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingDevonisfocusedonproducingreliable,affordableandaccessibleener
216、gytheworldneeds,whilecontinuingtofindwaystoproduceanddeliveritmoreresponsibly.Theworldreliesonoilandnaturalgastopowerthebasicsystemsofourdailylivestransportation,heatingandcooling,lighting,manufacturing,agriculture,telecommunicationsandtechnology.Manyoftheproduc
217、tsweuseeverydayaremadefromplasticsandcompoundsderivedfromoilandnaturalgas,whichalsofuelthemachineryusedtomanufacturethesematerials.makingofDevonsexecutivecommitteeandboardofdirectorsthatfactorsintoDevonslong-rangeplan.Wepubliclyreportonclimate-relatedrisks
218、andtheresultsofourclimate-relatedscenarioanalysisinourClimateChangeAssessmentReport(CCAR)inanefforttodemonstrateourongoingcommitmenttotransparency.Our2023CCAR,thefourthreportinsixyears,waspreparedbyDevonwithsupportfromthird-partyconsultants.DevonretainedICFto
219、helpassessthecompanysmarketriskandouroilandnaturalgasportfoliosresilienceinthefaceofpotentialimpactsofclimatepolicyonoil,naturalgasandnaturalgasliquids(NGL)demand,productionandprices,aswellasbasin-levelexposuretopotentialphysicalrisksfromarapidlychangingc
220、limate.Inordertoevaluatethepotentialmarketriskstothecompanysportfoliofromapossiblecarbon-constrainedfuture,DevonevaluatedpricingscenariosandmodelresultsfrombothICFandthewidelyreferencedInternationalEnergyAgency(IEA),includingtheIEAs2022WorldEnergyOutlook(WEO)Net
221、ZeroEmissionsby2050Scenario,whichtargetsa1.5Cstabilizationintheriseinglobalaveragetemperatures.Inordertoevaluatethepotentialphysicalriskstothecompanysassets,Devonconsideredarepresentativesetofclimateprojectionsforarangeofclimateandextremeweatherhazardsrelat
222、edtotemperature,precipitation,droughtandwinterstormsthroughthelate-21stcentury.TheclimateprojectionswerebasedonscenariosfromtheIntergovernmentalPanelonClimateChange(IPCC).ClimateChangeAresponsibleandresilientoperatorDevonsapproachtomanagingclimatechangeriskDecrease
223、thecarbonintensityofouroperationsbyreducingScope1andScope2GHGemissionstonetzeroby2050,prioritizingthereductionofflaringandmethaneemissions.Discloseourprogressandstrengthengovernancepracticearoundclimatechangerisk.Evaluateopportunitiestocreatevalueinthetrans
224、itiontoever-cleanerformsofenergywiththoughtfulcapitalallocation.2023CCAR2023CDPClimateResponse*datareflectslegacyDevononlyLEARNMORELEARNMOREAtDevon,wereproudtofindandproducethesevaluablecommoditiesandimproveourwayoflife.Throughtheworkouremployeesdoeveryday,w
225、econtributetolocal,state,nationalandglobaleconomies.Wealsorecognizethattheeconomicbenefitsofourindustrymustbebalancedwithcarefortheenvironment.Devonisfocusedondeliveringstrongreturnstoourshareholderswhilecontinuouslyimprovingourenvironmentalperformance,withspec
226、ificemphasisonclimatechange.Inits2023outlook,theU.S.EnergyInformationAdministration(EIA)projectsthatoilandnaturalgaswillcontinuetobeleadingsourcesofenergyworldwidefordecadestocome.Forexample,thetransportationsectorwillaccountforatleast54%oftotalgloballiquidfu
227、elsconsumptionacrossallcases.Devonwillcontinuetoproducetheoilandgastheworldneedsinasafe,environmentallyresponsibleandethicalway,anddiscloseourresultspublicly.Earningourstakeholderstrustisimportantforthefutureofourbusiness,sowellcontinuetoplanfortherisksan
228、dopportunitiesahead.Assessingandreportingourclimatechange-relatedrisksClimatechange-relatedrisksreceiveformalandongoingconsiderationinDevonsenterpriseriskmanagementprocess.Thecompanyregularlymodelsnumerousregionalandmacro-levelscenariosincludingacquisitions,divestiture
229、sandchangesinregulationsandmarketconditionstotestthestrengthofourportfolioandresources.Eachyear,themodeledscenariosinformthestrategicdecision-19DevonEnergy2024SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingInaddition
230、,DevonretainedClimeCotoenhancethecompanysalignmenttotherecommendationsoftheTaskForceonClimate-RelatedFinancialDisclosure(TCFD),aninternational,multi-industryledinitiativelaunchedtodeveloprecommendationsforvoluntarydisclosureofclimate-relatedrisk.The2023CCARincludesa
231、dditionalmetricsanddisclosurescorrespondingtotheTCFDsupdated2021implementationguidance,demonstratingoursupportfortheongoingeffortsoftheTCFD.The2023assessmentdeterminedthatoilandnaturalgaswillremainessentialtomeetingglobalenergydemand,eveninthecarbon-constrained
232、futurescenarios.Additionalconclusionsincluded:Underbasecasescenarios,globaldemandforoilandnaturalgasgrowsuntil2030andthenlevelsoffwhilepricesincreaseforthedurationoftheforecastperioduntil2050.Undercarbon-constrainedfuturescenarios,demandforoilandnaturalgasis
233、substantiallyreduced.However,eveninsuchcarbon-constrainedscenarios,oilandnaturalgasremaincrucialtomeetingglobalenergydemandandNorthAmericanoilandnaturalgasproductionplaysalargeroleinmeetingthatdemand.Theassessmentconcludesthatourassetsarelikelytobewellpositi
234、onedtoremainprofitableeveninaggressivelow-carbonscenarios.ClimateChangecontinuedAmbitiousemissionsreductiontargetsIn2019,wesetamethaneintensitytargetof0.28%orlowerby2025,andthenbeatthetargetlevelin2020.InJune2021,wereinforcedourcommitmenttoproactivelymanagecli
235、mate-relatedrisksandopportunitiesbyestablishingadditionalenvironmentalperformancetargetstolimitGHGandmethaneemissionsinouroperations.Theseoperationalemissionsperformancetargetsareinlinewithleadingindustrypracticesandstakeholderpriorities.Thesetargets,endorsedbyour
236、board,arethefollowing:AchievenetzeroGHGemissionsforScopes1and2by2050ReduceScopes1and2GHGemissionsintensityby50%by2030(froma2019baseline)Reducemethaneemissionsintensityby65%by2030(froma2019baseline)Achieveflaringintensityof0.5%orlowerby2025andeliminaterou
237、tineflaringby2030Aswestrivetomeetorbeatthesetargets,Devonwillcontinuetoapplyawiderangeofadvancedtechnologiesandbestpractices,intandemwithincreasingefficiencies,andiscommittedtoprovidingtransparentupdatesonourprogress.Devoncloselymonitorspossiblebusinessimpact
238、sofclimatechangeinthemarketandpolicyarenas,andwerepreparedtoadaptasneeded.Werecommittedtoongoingdialoguewithourboardofdirectors,shareholdersandotherstakeholdersaboutourclimatechange-relatedrisksandopportunities.Ourindustrywillplayapivotalroleindeliveringglo
239、balenergyforgenerationstocome,andDevonisembracingchangetobepartofthatfuture.UnitedNationsmemberstatesadopted17SustainableDevelopmentGoalsin2015.Didyouknowthatsome840millionpeopleworldwidedonothaveaccesstoelectricityOrthatcloseto3billionpeoplestillrely
240、oninefficientandpollutingcookingsystemsTheresponsiblysourcedfuelthatDevonproducesgenerateslow-costelectricityandisfeedstockforproductsthatmeetpeoplesbasicneeds.20DevonEnergy2024SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocial
241、ReportingDevoniscommittedtoreducingthecarbonintensityofouroperations,evaluatingnewopportunitiesandtransparentlyreportingourresults.Weredoingourparttobearesponsibleoperatorforthebenefitoftheenvironment,ouremployeesandtheirfamilies,ourcommunities,ourshareholdersa
242、ndourbusinesstodayandinthefuture.Ourlong-standingcommitmenttoreduceairemissions,particularlyGHGs,isembeddedinourculturethroughourEnvironment,HealthandSafety(EHS)Philosophyandourcorevaluestoearnstakeholdertrust,proactivelymanageriskandchallengeourselvestocontinuo
243、uslyimprove.Toreduceourimpactsontheairandclimate,wecollaboratewithinandoutsidethecompanytoimplementtechnology,bestpracticesandtools,andtogeneratenewideasandinnovate.Reducingthecarbonintensityofouroperationsstartswithproactivelycontrollingandreducingairemissio
244、nsfromouroperations.DevonfocusesonreducingoperationalemissionsofGHGssuchascarbondioxide(CO2)andmethane,aswellasvolatileorganiccompounds(VOC),nitrogenoxide(NOx),sulfuroxide(SOx)andothergases,andreportingourresults.InJune2021,weannouncedaggressivetargetstolowertheca
245、rbonintensityofouroperationsandoutlinedourapproachtomanagingclimate-relatedrisksandopportunitiesinClimateChangeAssessmentReportsin2021and2023.Weretakingtheseactionstolowerourregulatory,marketandreputationalrisk,butalsobecausewebelieveprotectingairqualityalign
246、swithourvaluesandmakesourbusinessmoresustainable.AirEmissionsTargets,technologyandtransparencyAiremissionsperformancemanagementWeinvestinthelatestequipmentanddeploywell-trainedemployeesandcontractorstocarryoutouremissionsreductionprograms.Ourairqualityprogramsupp
247、ortsefficient,effectiveworkbydefiningresponsibilitiesandrequirementsforcommunications,compliance,recordkeepingandtraining.BecauseemissionsprogramsandresultsarecriticaltoDevonsoverallperformance,wereorganizedtodriveprogress.OurvicepresidentofEHSandmeasurementserveson
248、thecross-functionalEHSCouncil,providingcontinuityandalignmentwhileelevatingourcompanywidefocusonESGperformance,includingairemissions.ToimplementDevonsemissionsreductionstrategyeffectively,theEHSCouncilsetsthestrategyApplytechnologyandbestpracticestoreduceGHGandme
249、thaneemissionsattheirsourceandtomitigateimpactsIncreasetransparencyinformedbyTCFDrecommendationsSettargetstodrivecontinuousperformanceimprovementsDevonsapproachtoreducingairemissions21DevonEnergy2024SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOver
250、viewEnvironmentSocialReportinginclosecoordinationwiththevicepresidentforEHSandmeasurement,sustainabilityteamandseniorleaders.Inearly2023,weestablishedoursustainabilityandexternalaffairsteam,ledbythenewroleofdirectorofsustainabilityandexternalaffairs,toprovideadvi
251、sorysupportacrossDevontohelpachieveourESGandsustainability-relatedobjectivesandgoals.Inaddition,oursustainabilityandexternalaffairsteamcloselymonitorsregulatoryandlegislativedevelopmentstounderstandthepotentialimpactstoouroperationsandenvironmentalperformance.For
252、example,wemonitoredthedevelopmentandfinalizationoftheEPAsmethaneregulationsandaredevelopingexecutionplansforcompliance.WeanticipatethatcomplyingwiththeregulationswillresultincontinuedemissionsreductionforDevonandthebroaderindustry.Investingintheseresourcesreinf
253、orcestheimportanceofmeetingourtargetsandshowsthelevelofleadershipbuy-intocontinueourprogress.Ithasalsoencouragedandenabledourbusinessunitstotakeownershipandoperationalizetheirgoals.Businessunitsaredevotingcapitalandresourcestomitigateemissions,evaluateanden
254、hancefacilitydesigns,andlearnaboutthenewtechnologieswemayusetoachieveDevonsemissionsgoals.ManagingairpermittingcomplianceCompliancewithallapplicablefederalandstateenvironmentallawsandregulationsiscentraltoourEHSPhilosophyandtheDevonCodeofBusinessConductandE
255、thics.OurcomplianceprocessguidesemployeesonmeetingDevonsairpermittingrequirementsinouroperatingareas,aidedbyaweb-enableddatabasethatquicklydistributesrequirementsfornewandmodifiedairpermitstothepeopledirectlyresponsibleforcompliance.Devonfacilitiesandequipmentm
256、ayattimesemitVOCs,NOx,SOxandothergasesthataresubjecttostateandfederalemissionsauthorizationpermitsandlimits.Wepursuefullcompliancebyclearlycommunicatingrequirementstoouroperatingfacilities.Somefacilitiesaresubjecttoannualemissionsinventories,whichwesubmittoth
257、eappropriateregulatoryagencies.Theinformationispubliclyavailableinstateswheretheseinventoriesarerequired.Ifcomplianceissuesarise,weworkexpeditiouslyandconstructivelywithregulatorstoaddressthem.Wellcontinuetoproactivelylookbeyondcompliancetofurtherreduceourairemi
258、ssions.GreenhousegasemissionsmethodologyDevonreportsGHGemissionsfromfuelcombustion,flaring,fugitiveemissions,ventingandstoragetanklosses(Scope1)andelectricityconsumption(location-basedScope2)forassetsunderouroperationalcontrol.WecollectdataonGHGs(carbondioxide(CO2),metha
259、neandnitrousoxide)andsubmitannualGHGemissionsaccordingtotherequirementsoftheEPAGreenhouseGasReportingProgram.Wealsoreportindirectemissionsfromtheuseofsoldproducts(Scope3)onanequitybasisfromsourcesnotownedorcontrolledbyDevon.Scope3GHGemissionsincludeindire
260、ctemissionsfromtheconsumptionanduseofDevonscrudeoilandnaturalgasproduction.AirEmissionscontinuedWecalculateourdirect(Scope1)GHGandmethaneemissionsbyincludingallemissionsreportedtotheEPApursuanttotheGreenhouseGasReportingProgram(GHGRP)forproductionandgathering
261、andboostingassetsunderouroperationalcontrol,aswellasemissionssubjecttotheGHGRPthatfallbelowthebasin-levelreportingthreshold.Wecalculateourindirect(location-basedScope2)GHGemissionsforelectricityconsumptionusingEPAfuelandelectricityemissionsfactorsforassetsunde
262、rouroperationalcontrol.DevonscommitmenttoreduceourScope1andScope2location-basedGHGemissionsintensityby50%andmethaneemissionsintensityby65%by2030willbecalculatedfroma2019baseline.Thisbaselineservesasahypotheticalreferencepointforwhattheemissionsintensitywou
263、ldhavebeenintheabsenceofemissionsreductioneffortsovertime.Tocomparablytrackprogresstowardthetargets,adjustmentstotheemissionsbaselinemaybenecessarytoreflectstructural,organizationalorreportingchangesthatmayoccurovertime.Forexample,anacquisitionordivestiturecou
264、ldsignificantlyimpactouremissionsperformanceandimpaircomparabilityfromtheemissionsbaseline.WerelieduponguidancefromtheGreenhouseGasProtocolandIpiecainestablishingourbaselinerecalculationmethodology.Ourbaselinewillbeadjustedifimpactedbyoneormoretriggereventsth
265、atresultinachangetotheemissionsbaselineof5%orhigher.onanabsoluteorintensitybasis.Triggereventsincludestructuralchanges;sourceownershiporcontrolchanges;changestoreportingboundaries,quantificationmethodologiesordataimprovements;ordiscoveryoferrors.Our2019baselinehas
266、beenrecalculatedtoreflecttheacquisitionofFelixEnergyin2020,divestitureoftheBarnettShalein2020,divestitureoftheWindRiverBasinin2021,acquisitionofRimRockOilin2022andacquisitionofValidusEnergyin2022.Webelieveourrecalculationmethodologyaffirmsourcommitmenttost
267、ructurallydrivedownemissions,ratherthandivestingassetsasameanstoachieveourambitiousemissionsreductiontargets.Wearecommittedtotheongoingreviewandassessmentoftheappropriatenessofouremissionreductiontargetlevelsandwilladjustasneeded.MethaneEmissionsIntensityGHGEmis
268、sionsIntensity=METHANEEMISSIONS(tonnesCO2e)GROSSOPERATEDPRODUCTIONASREPORTEDTOTHEEPA(MBoe)SCOPE1&SCOPE2LOCATION-BASEDGHGEMISSIONS(tonnesCO2e)GROSSOPERATEDPRODUCTIONASREPORTEDTOTHEEPA(MBoe)HowwecalculateourGHGandmethaneemissionsintensityratesOurbaselinerecalculation
269、methodologyGHGEmissionsMILLIONTONNESCO2eINTENSITY(TONNESCO2ePERMBoe)2019FelixEnergyAcquisitionBarnettShaleDivestRimRockOilAcquisitionValidusEnergyAcquisitionWindRiverBasinDivest2030001521031542076530252019AdjustedBaseline22.0420.3750%reductionby2030(from2019baseline)Methane
270、EmissionsMILLIONTONNESCO2eINTENSITY(TONNESCO2ePERMBoe)0.00.00.21.00.40.62.00.83.01.21.05.04.02.822019FelixEnergyAcquisitionBarnettShaleDivestRimRockOilAcquisitionValidusEnergyAcquisitionWindRiverBasinDivest20302019AdjustedBaselinereductionby2030(from2019baseline)65%3.7922Dev
271、onEnergy2024SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingToestimateourScope3emissions,DevonreliesonIpiecas2016guidancedocument,EstimatingPetroleumIndustryValueChain(Scope3)GreenhouseGasEmissions.Accordingtothisguidanc
272、e,category11,“UseofSoldProducts,”isgenerallythelargestcontributorofScope3emissionsforafuel-producingcompanyandcanaccountformorethan80%ofacompanystotalScope3emissions.Wereport“UseofSoldProducts”bycalculatingcombustionemissionsforouroil,naturalgasandmarketedn
273、aturalgasliquidsproducts.ItisimportanttonotethatScope3emissionsestimatesaresubjecttouncertainty,inconsistencyandduplicationduetothereportingofassetsoutsidethecontrolofthereportingcompanyandvariousreportingmethodologies.Inaddition,twoormorecompanieswillaccount
274、forthesameemissionswithintheirScope1,2or3emissioninventories(asfurtherdescribedintheIpiecaguidancedocument).Asanexplorationandproductioncompany,Devonhasnodirectcontroloverhowtherawmaterialsweproduceandsellareultimatelyconsumed.Forthisreason,wearecommitted
275、toandfocusedonScope1andScope2location-basedemissionsforassetsunderourcontrol,wherewecanmostdirectlyandmeaningfullyeffectemissionsreductions.Wewillcontinuetoevaluatewaysinwhichwecanreducevaluechainemissionsandengageconstructivelywithstakeholdersupstreamand
276、downstreamofourproductionoperations.AirEmissionscontinuedThird-partyverificationofGHGemissionsdataDevonengagedwithERMCVStoconductindependentthird-partylimitedassuranceofourScope1andScope2location-basedGHGemissionsdataforthereportingyear(RY)2023.InRY2022,weexpand
277、edthescopeofthelimitedassurancetoincludeindividualGHGconstituents(i.e.,carbondioxide,methaneandnitrousoxide),GHGemissionsintensity,methaneemissionsintensityandflaringintensity.PleaseseeERMCVSsIndependentAssuranceStatementtolearnmoreaboutthethird-partyverificationp
278、rocess.Webelievemeasurement,reportingandverificationofourGHGemissionsperformanceplaysacentralroleinourabilitytoachieveouremissionsreductiongoalsinatrustedandtransparentway.AddressingourprimaryemissionssourcesOurcontinuousimprovementcultureledDevontodevelopade
279、tailedunderstandingofwhereouremissionscomefrom.Thismadeitpossibletoaddressourairemissionsattheprimarysourcesthroughavarietyofeffectivemitigationstrategies:ReducingflaringacrossourentireportfolioofproducingassetsExpandingandenhancingourleakdetectionandrepair
280、programtofindandfixequipmentleaksTransitioningtoair-drivenpneumaticcontrollersCuttingcombustionfromdrilling,completionsandproductionbyincreasingtheuseofenginespoweredbyelectricityandalternativefuelsMinimizingventingandflaringfromstoragetanksWeevaluateemissionsd
281、etectionandquantificationonanongoingbasisandcollaboratewithindustry,environmentalgroupsandagencypartnersonemissionsreductionstrategies.Flaring:ContinuingreductionsFlaringofnaturalgasacontrolledignitionprocessforeliminatingmethaneandVOCemissionsisnecessaryforsafeo
282、perationsinvariousphasesoftheoilandnaturalgasproductionprocess.Devonstrivestoavoidentirelytheventingofrawgasandtolimitflaringtotheextentpossibleatalllocations.Reducingflaringisapriorityinourbroaderemissionsreductionstrategybecausewewanttoprotecttheenvi
283、ronmentandcaptureasmuchnaturalgasaspossibleforitseconomicvalue,whilealsocomplyingwithlaws,regulationsandpermits.Wecontinuallyevaluateandoptimizeourfacilities,includinginstallingreliablepressure-reliefvalvestominimizetankreleasesandvaporrecoveryequipmenttocapture
284、flashgasemissionsandroutethemtoapipeline.Devonalsouses“greencompletions”tocaptureproducednaturalgasfollowinghydraulicfracturing.Whereflaringisunavoidable,weinstallpilotmonitoringequipmenttohelpensurethegasisproperlycombusted.2023GHGEmissionsbySource(Scope1)(mil
285、liontonnesCO2e)67%Combustion15%Flaring9%StorageTanks7%PneumaticDevices1.5%Other30027DevonEnergy2024SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingWaterManagementcontinuedUnitedNationsmemberstatesadopted17SustainableDevelo
286、pmentGoalsin2015.Devonrecognizestheimportanceofresponsiblewatermanagementinaworldthatfacesdroughtconditionsandwaterstress.WaterisalocalissueandDevontakesalocalapproachtowatermanagement,creatingplansthatconsiderwateravailability,quality,regulationanddependence
287、onnativeecosystems.Welookforinnovativewatersourcesandmethodstoreduceusage.ThroughourDelawareBasintreatmentfacilities,wehavereusedover300millionbarrelsofwatersince2015.Devonisalsoexploringbeneficialusesofproducedwaterandtechnologiessuchasdesalinationtorepurpo
288、seproducedwaterforusesoutsideourindustryincludingpotentiallyrechargingaquifers.202120222023DelawareBasin10181101AnadarkoBasin111513EagleFord32025PowderRiverBasin265WillistonBasin046TotalU.S.116126150DevonusesfreshwaterintheDelawareBasinonlyforblendingandonlywhenwedon
289、thavesufficientsourcesofrecycledandbrackishwater.Companywide,Devonstotalwaterconsumptionincreasedto150millionbarrelsin2023,up16%from2022.Ourrecycledwaterusealsoincreased.Weused83millionbarrelsofrecycledwaterinouroperationsin2023,up15%from72millionbarrelsin2
290、022-meaningthat55%ofthewaterweusedinourdrillingandcompletionsoperationswasreusedwater.Since2015,Devonhasreusedover300millionbarrelsofwaterfromourwatertreatmentfacilities.Toincreasethevolumeofrecycledwateravailableforoperations,wefocusonthreeareas:Reducingth
291、ecosttodisposeofproducedwaterandtosourcewaterfordevelopment.Assuringwehavethewaterneededtoexecuteourdevelopmentplans,aswellasthecapacityandspaceneededtoremoveproductionwaterfromthefield.Reducingourbrackishandfreshwaterneedsbybetterplanningforcompletions
292、fluids.Activeeffortsareunderwaytoinvestigateanddeveloptechnologiesforcontinuousimprovementinourcapabilitiesforplanningwaterproduction,useanddisposal.Inaddition,Devoncontinuestoseekwatersharingagreementswithstakeholders.Wecollaboratewithotheroilandgasoperatorsand
293、watermidstreamcompaniesoninfrastructure,boththroughformaldiscussionsandone-offopportunities.Wehavepipelineconnectionswithmidstreamprovidersandshareourlong-rangeplanswiththemtohelpexpeditecooperationandcommercialactivities.ImpoundmentbasinswebuiltintheDelawareBas
294、intostorereusablewaterareintegraltoouroperationsandtosavingwater.Thebasinsareconnectedbyalocalpipelinenetworkthatreducestheneedtohaulwaterawaybytruck.Takingwatertrucksofftheroadhastheaddedbenefitofreducingemissionsandtrafficsafetyhazards.Inaddition,wer
295、elookingforwaystoreuseproducedwaterthatwedontneedforouroperations.ThroughtheNewMexicoProducedWaterResearchConsortium,wereexploringbeneficialreuseopportunities,includingtechnologiestodesalinateproducedwaterforusesoutsideoftheoilandgasindustry.Incaseswherewep
296、roducemorewaterthanwecanuse,cost-effectivedesalinationcouldmakethewatersuitableforaquiferrechargeandotherbeneficialuses.Thiswouldrequiredevelopmentoftheregulatoryframeworkforreusingdesalinatedproducedwater,whichiswhywecontinuetoworkwithstakeholderstofindwater
297、conservationsolutionsinNewMexico.Devoncontinuestoimplementourwatermanagementstrategytoachieveourgoalofusing90%ormorenon-freshwaterforcompletionsactivitiesinourmostactiveoperatingareasintheDelawareBasin.Tobeagoodneighbor,wellalsokeepexploringwaystoconserve
298、freshwaterandincreaseouruseofbrackish,flowbackandproducedwaterinallofouroperatingareas.Wevetakenourwaterconservationcommitmentastepfurtherbysettingapublictargettouse90%ormorenon-freshwaterforcompletionsactivitiesinourmostactiveoperatingareaswithintheDelaw
299、areBasin.TotalWaterUsagebyOperatingArea(millionBbl)barrelsofrecycledwaterusedin2023,anincreaseof15%comparedto2022.83million28DevonEnergy2024SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingDevoniscommittedtoleavingour
300、worklocationsinthesameorbetterconditionthanwefoundthembybeinggoodstewardsoftheland,wildlifeandhabitat.Toprotectbiodiversity,weworktominimizeouroperationalfootprintandimpactstothelandscape,wildlifeandtheirhabitats,andculturalandhistoricalresources.Webelievet
301、hatourcommitmenttolandconservationandbiodiversitywillfosterstrongrelationshipswithgovernmentagencies,nongovernmentalorganizations(NGO),academiaandotherstakeholders.Weoperateinprairies,grasslands,desertsandforestedareas,andonfederal,state,tribalandprivatelands.Topreserve
302、oursharedlandscapesforfuturegenerations,Devonspriorityistodisruptthelandaslittleaspossibleandmitigateanyimpactsthroughouttheoilandgasproductionlifecycle.Wealsoengageinactivitiestoreclaimthelandswevedisturbedonceourworkiscomplete.Inadditiontooperationalim
303、pacts,thedirectdriversofthelossofbiodiversityvalueassociatedwithouroperationsincludeclimatechange,landusechanges,pollutionoftheenvironmentandthespreadofinvasivespecies.Allofthesedriversplayaroleinreducingtheavailabilityofsuitablehabitatfornativespecies,andi
304、mpacttherichnessanddiversityofnativespecies.Devontakesstepstomitigatetheserisksthroughourlandconservationandbiodiversitypracticesthataddressimpactstospeciesrichnessanddiversity,includinghabitatdegradationanddestructionassociatedwithlandusechanges,andimpactsofi
305、nvasivespecies.TheClimateChangeLandConservationandBiodiversityPreservingoursharedlandscapesandAirEmissionssectionsofthisreportaddressthebroaderclimatechangedriverofhabitatsuitabilityandbiodiversityloss.Additionally,preventingenvironmentalpollutionisaddressedintheWa
306、steManagementandSpillPreventionsections.DevonsBiodiversityCouncildevelopsandimplementsenterprise-widestandardsthatavoid,minimizeormitigateecologicalimpact,andlooksforopportunitiestoenhancebiodiversityvalueofDevon-ownedsurfacelands.Thecouncilandourbiodiversityteamwo
307、rkwithourbusinessunitstointegratebiodiversityimprovementsintoourongoingandfutureoperations.Devonsenterprise-wideReclamationStandardestablishesminimumsuccesscriteriaforallreclamationwork.Bysettingminimumsuccesscriteriaandreclaiminglocationstothesameorbettercondit
308、ionDevoncomplieswithsignificantfederallaws,rulesandregulationsNationalEnvironmentalPolicyAct(NEPA)EndangeredSpeciesAct(ESA)MigratoryBirdTreatyAct(MBTA)CleanWaterAct(CWA)CleanAirAct(CAA)NationalHistoricPreservationAct(NHPA)thanwhenwestartedwork,westrivetobedisturbance
309、neutral.Wetrackandassessourreclamationresultswiththegoalofincreasingnativespeciesdiversityandrichnessinareasweoncedisturbed.SincetheinceptionoftheReclamationStandard,Devonhasreclaimed172wellpads/accessroads,occupyingapproximately923acres,withthegoalofachieving
310、thesuccesscriteriaoutlinedinthestandard.Additionally,DevonispilotingaprojecttodeterminethefeasibilityofconservinganacreoflandforeveryacreofwellpadandaccessroaddisturbancecausedbyDevonoperations.Aspartofthiseffort,wereassessingthepotentialofsomeDevon-owned
311、surfacelandsforuseinmitigatingdisturbance,andforopportunitiestopreserve,restoreorenhancebiodiversityvalue.ReclamationsuccesscriteriaForaDevonlocationtobeconsideredreclaimed,itmustmeetourminimumsuccesscriteria,including:Preparingeachlocationtofacilitatenativespecie
312、sseedingandlimiterosionandsedimentation.Establishingvegetationonalocationtoatleast70%ofbackgroundarealcoverage.Seeding/plantingtoestablish60%nativespeciesarealcoverage.Ourecologicalexpertstracktheprogressofeachreclamationandareresponsiblefordeterminingwhenaloca
313、tionhasmettheminimumsuccesscriteria.RECLAMATIONSTANDARD29DevonEnergy2024SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingLandConservationandBiodiversitycontinuedAssessingpotentialimpactsupfrontDevonsPre-ConstructionEnvironm
314、entalProtocolrequiresustoidentifypotentialbiodiversityissuesupfrontforallsurfaceactivityacrossallofourbusinessunits.Biodiversitymanagementisintegratedintoourprocessforselectingtheoptimalplacementofourwellpads,accessroadsandpipelinecorridors.Theprotocolstarts
315、withcompletingadesktopenvironmentalassessmentinanareawherewevestakedoutawellpadlocation.Ifweidentifypotentialenvironmentalimpactsduringthedesktopreview,wethenconductfieldsurveystofacilitateourstrategytoavoid,minimizeand/ormitigate.Theseenvironmentalassessments
316、helpidentifysensitiveenvironmentalareas,suchasthreatenedandendangeredspecieshabitats,wetlandsandwaterbodies.Devoncomplieswithfederalandstatelaws,tribalrightsofway,andotherrequirements.Weworktomeetallrulesandregulationsrequiredtocompletethepermittingprocessesfor
317、disturbances.Wealsoworkdirectlywithprivatelandownerstoaddresstheirconcernsinacollaborativeagreement.NewlylistedThreatenedand/orEndangeredspeciescanimpactouroperations,especiallywhereafederalnexusexistsrelatedtotheEndangeredSpeciesAct(ESA).WereviewpotentialESAspe
318、ciesduringthepre-constructionenvironmentalreviewwellinadvanceofpermittingactivitiesandseekthird-partysurveys,ifnecessary,todevelopalternativeplans.Devonworkstoidentifypetitionedspecieslistingsearlyinaprojectforseveralreasons.First,earlyimpactassessmentscanenhance
319、ouroperationalflexibility.Second,ifwecantimelyaddressspecieslistings,wecanfacilitateresearchthatcreatesbestavailablescientificdatafortheU.S.FishandWildlifeService(USFWS)touseinitslistingdecision.DevonsITteamassignedtotheBiodiversityCoreCommitteedevelopedasystem
320、forearlyidentificationofpotentiallyimpactfulpetitionssotheycanbereferredtoourecologicalstaffforassessment.InWyomingsPowderRiverBasin,Devonhascontractedwildlifebiologiststoconductannualspringsurveysforthemultiplespeciesofraptorsthatbuildtheirnestsandraiseth
321、eiryoungintheareaswhereweoperate.Devonenvironmentalandplanningprofessionalsusetheyear-over-yearinformationregardingnestingactivityandhistorytoinformwellpadandaccessroadplacement.Weregularlymovewellsitesandaccessroadstoavoidimpactstoraptornestsandusethenes
322、tinghistorytohelpusplanourdrillschedulestoavoidactivityinsensitivenestingareasduringthespringmonths.AssessingtheenvironmenttoavoidimpactsDevonsecologyexpertscompleteanenvironmentalassessmentbeforewebuildawellpadtoidentifypotentialimpactsto:Wetlands,streamsan
323、dotherwaterbodies,includingwatersoftheU.S.ProtectedspeciesandtheirassociatedsuitablehabitatPublicreceptorsNearbyfloodplainsEnvironmentallysensitivereceptorsRestoringasensitivehabitatinNorthDakotaOureffortstorestorehabitatfortheDakotaskipperatLakeIlo,NorthDakota,i
324、sanexampleofDevonscommitmenttoprotectbiodiversity.TheDakotaskipper,asmallbutterflythatlivesinNorthDakotaprairiehabitats,waslistedasthreatenedundertheEndangeredSpeciesActin2014.DevonwasabletoavoidandminimizeourimpacttotheDakotaskipperhabitatforamulti-well
325、developmentnearTwinButtes,NorthDakota,butwecouldnotcompletelyavoiddisturbancewithourwellpadsandaccessroad.Toaddressthehabitatneeds,weareplanningarestorationprojectincollaborationwithuniversitiesandregulatoryagencies.Tomitigateover300acresofhabitat,Devonpurchas
326、eda260-acrepropertyadjacenttotheLakeIloNationalWildlifeRefuge,effectivelyextendingtheecologicalprotectiontherefugeprovides.USFWSissuedabiologicalopiniongrantingtheirprojectapprovalinJanuary2024.DevonplanstoworkwithNorthDakotaStateUniversity,DickinsonStateUniver
327、sityandseveralfederalregulatoryagenciestorestoreaformerbisonranchtonativehabitsuitablefortheDakotaskipper.WeareworkingthroughthegrantprocesswithNorthDakotaStateUniversitytofundamulti-yeargraduateresearchprojectwhichwouldconductresearchassociatedwiththisre
328、storationproject.Wecontinuetoseekopportunitiestopreservebiodiversityinpartnershipwithuniversities,regulatorsandnongovernmentalorganizations.30DevonEnergy2024SustainabilityReportEnvironmentWorkforceGovernanceSafety&SecurityOverviewEnvironmentSocialReportingLandConservationan
329、dBiodiversitycontinuedCollaborativeconservationeffortsProtectingthelandinvolvesbuildingrelationshipswithlandowners,neighbors,industrygroups,andstateandfederalagenciessuchastheU.S.BureauofLandManagement(BLM).Forexample,weworkedwithCooksBranchConservancyinMontgomeryCoun
330、ty,Texas,towaiveoursurfacerightsfordevelopmentofoilandgasresources.Inreleasingourrights,weeffectivelyprotectedthelandssothattheycouldbeaddedtotheconservancy,anativepineforestandhometotheendangeredred-cockadedwoodpecker,amongotherspecies.Wereassessingotherpro
331、jectsthatwouldrestoreorenhancethebiodiversityvalueofDevon-ownedsurfacelandsinTexasandOklahoma.LandstewardshipprojectsWevesharedourloveofthelandwithcollegestudentsasasponsoroftheWyomingConservationCorps(WCC)anditshands-onlandstewardshipprojectssince2007.Thes
332、tudentsspendtendaysdoingworkthattheBLMconsidersnecessarybutlacksthefundstocomplete,suchasremovingandrebuildingfencing,removinginvasivevegetationandmaintainingtrails.Devonhostedourtraditionalvolunteerdayforstudentsin2023withtheBuffaloBLMfieldofficeandunderto
333、okaWCCprojectwiththeCasperBLMfieldofficein2024.WorkingonindigenouslandsNearlyallofouroperationsinNorthDakotasWillistonBasinarelocatedontheFortBertholdIndianReservationthatishometotheMandan,HidatsaandArikara(MHA)Nation,alsoknownastheThreeAffiliatedTribes.Ongoingcollaborationandmutualrespectforpeopleandtheenvironmentisourresponsibilityasapr