Driving Sustainability Leadership
Energy is critical to modern life and nearly 775 million people worldwide lack access to electricity and other forms of energy — a number that increased in 2022.(1) Chesapeake is proud to be part of the energy security solution, providing affordable, reliable, lower carbon energy, domestically and abroad. As part of operating responsibly and serving as good community partners, it is our goal to reduce our environmental footprint with a holistic approach to sustainable performance and increase our social impact in our communities.
Our Core Values
Our core values are the lens through which we evaluate every decision.
- Integrity and trust
- Respect
- Transparency and open communication
- Commercial focus
- Change leadership
Sustainability Fundamentals
In our drive for sustainability leadership, four pillars help to direct our success.
- Deliver low carbon energy to sustain economic progress and welfare
- Minimize emissions from operations
- Invest in low-carbon solutions with adjacent technologies
- Transparent disclosures with measurable progress
Transparency and Accountability
The programs, policies and metrics we have in place enable our stakeholders to hold us accountable.
- Our responsibly sourced gas (RSG) certification programs
- Sustainability goal setting, including achieving net zero GHG emissions by 2035
- Tying executive and employee compensation to ESG targets
- Transparency with our policies and performance
Delivering affordable, reliable, lower carbon energy is the purpose that unites our employees and drives our operations.
Our Commitment to Net Zero
Chesapeake embraces a lower carbon energy future, proudly playing a role in helping to meet the ambitions of the Paris Agreement while responding to the need for energy security.
Consistent with this, Chesapeake set a net-zero goal (Scope 1 and 2) for GHG emissions by 2035.
To date, Chesapeake remains on track within the modeled emissions reductions trajectory pathways as determined by the Intergovernmental Panel on Climate Change (IPCC) and has reduced its methane and carbon dioxide intensity by 50% since 2020 in its gas basins. Throughout this journey, we will continue to proactively monitor, reduce and report our emissions, evaluate and engage with low carbon technology opportunities and partner with stakeholders. We value and respect our stakeholders and will continue to work together to produce the affordable, reliable and lower carbon energy that the world needs.
(1) Global emissions pathway characteristics (from IPCC SR15 SPM)
