2018 Corporate Sustainability Report 2 Range Resources 2018 Corporate Sustainability Report Table of Contents
Total Page:16
File Type:pdf, Size:1020Kb
CREATING SUSTAINABLE VALUE FOR OUR SHAREHOLDERS AND COMMUNITIES: 2018 Corporate Sustainability Report 2 Range Resources 2018 Corporate Sustainability Report Table of Contents 04 A Letter to our Stakeholders 06 About Range Resources 08 Our Approach to CSR 09 Environmental Stewardship 17 Safe & Responsible Operations 19 Community Engagement 25 Economic Impact 27 Corporate Governance 28 Appendix Range Resources 2018 Corporate Sustainability Report 3 01 A Letter to Our Stakeholders Dear Range Shareholders, Governmental Leaders, Partners and Employees, For more than 40 years, Range Resources Corporation has proudly focused on delivering energy solutions and value to our partners and shareholders. Our commitment to corporate sustainability guides our work each day, influencing every aspect of our operations from the boardroom to the well pad. We don’t just do this because it makes good business sense, we do this because it’s the right thing to do. From developing clean-burning natural gas using innovative technologies that further reduce and minimize methane emissions to supporting civic organizations that are important to our employees and the communities where we operate, we constantly challenge ourselves to do more. Our core values – Performance, Innovation, Integrity and Transparency – guide us in the work we do every day as a natural gas industry leader. These values reflect how we operate as a company and are deeply rooted in our commitment to improving the communities where we work. We take great pride in the progress we continue to make towards our sustainability goals, pioneering innovations that have helped shape new standards for shale development and becoming the first company to voluntarily disclose our fracturing fluid, and to achieve 100 percent reuse levels through our water recycling program, among many other industry-leading best practices that we continuously enhance. Range has been at the forefront of the industry in emission reductions by using cutting-edge technologies and customized engineering solutions that enable us to effectively manage emissions while improving overall production. We have demonstrated leadership in our engagement of peers and partners across the supply chain and community to help achieve emissions reduction goals. As a company, our commitment to doing things right is a challenge and goal embraced from the highest levels of the organization, including our Board of Directors, who evaluates performance in those areas on a quarterly basis. The entire Board of Directors reviews statistics and operational performance and discusses trends in data, issues to mitigate, opportunities for progress, as well as improvements and achievements. We also rely on the support of our partners and key stakeholders to ensure that everything we do is conducted in a responsible manner that puts safety and community first. Our collaborative approach delivers significant benefits to our employees, the communities where we operate, and the environment – all while seeking to deliver shareholder value. While we’re proud of these important accomplishments, we recognize the importance of continuing to raise the bar at every opportunity. We fully appreciate the heightened focus and critical priorities among stakeholders to continuously challenge ourselves to be better. That’s particularly true as it relates to effectively managing emissions and water. We are a part of these communities and we hold our responsibility to safely produce sustainable natural gas in the highest regard. Thank you for your interest in our commitments, performance and continued progress. Sincerely, Jeffrey L Ventura Chief Executive Officer and President 4 Range Resources 2018 Corporate Sustainability Report Report Highlights ZERO $2+ emissions $10 153% 70% billion goal million In leasing and Range is actively Invested through Range’s water Reduction in the royalty payments working to achieve zero our corporate sharing program company’s leak in Pennsylvania emissions across giving program into is reusing 153% of ratio over the last since 2006. our operations. nonprofit and civic its own and other three years. organizations. operators water. The Sustainable Choice SUSTAINABLE Range established criteria that puts our environment and community first, using best-in-class technology to develop CHOICE energy for consumers. Our natural gas is the sustainable choice. Putting Safety First: A Goal of Zero All aspects of our operations are evaluated for safety and risk management. We employ best practices for safety procedures to help maintain an efficient, secure working environment and regularly educate and train personnel and contractors. Connections that Matter: Community Engagement Range has created a series of public engagement opportunities, like Community Advisory Panels, to stay connected with nearly 150,000 residents, regularly sharing important updates and information about work we are doing in our operating areas. Award-Winning Culture: Investing in Our Workforce Range was named “Best Place To Work In Washington County” and won overall Best Business in Washington County, Pennsylvania during the Observer-Reporter Newspaper’s 2018 Best of the Best contest. Supporting Conservation: Trusted Partner Range collaborated with California University of Pennsylvania to create sustainable habitats for monarch butterflies and has partnered and been recognized by organizations like the National Wild Turkey Federation for habitat enhancement partnerships. Both efforts have been recognized by industry and conservation groups. Philanthropist of the Year Award Range was recognized by the Washington County Community Foundation (WCCF) for the launch of a first-of its kind “Good Neighbors Fund,” providing $200,000 in funding to the non-profit to assist local fire departments and emergency management services organizations. Range Resources 2018 Corporate Sustainability Report 5 02 About Range Resources Range Resources: Our Journey to Sustainability Leadership Over the years, Range Resources has, and continues to, incorporate leading sustainability practices and engineering solutions into every aspect of our business. This allows our team to create value for our shareholders, protect the environment, and support the communities where we operate. A History of Sustainability Leadership: Key Milestones ∎ 2009: ∎ 2013: ∎ 2018: Pioneered large-scale water recycling Invested in Compressed Natural Gas Joined the American Petroleum in Pennsylvania shale development vehicle fleet through partnerships with Institute’s Environmental Partnership, and became the first company to Chrysler and General Motors. a collaborative effort of over 40 achieve 100 percent reuse levels. companies dedicated to improving ∎ 2014: the industry’s environmental ∎ 2010: Implemented standalone performance. Became the first company to Environmental Compliance voluntarily disclose fluids used in department, adding staff and focusing ∎ 2019: hydraulic fracturing on a per well basis daily on training and education, Announced goal of zero emissions and provide that information to the monitoring and auditing. across our operations through public online. This is now a standard innovative emissions-reducing industry practice through FracFocus ∎ 2015: technologies and practices ranging and required regulation in states Honored by the National Wild Turkey from a robust leak detection where Range has significant activity. Federation with the Corporate and repair program to specialty Conservation Award for the engineering that enables enhanced ∎ 2011: successful habitat partnership at emission capture and control on site. Assisted President Barack Cross Creek County Park. Obama’s Secretary of Energy Advisory Board (SEAB) Natural ∎ 2016: Gas Subcommittee, which made Participated in Pennsylvania Governor a series of recommendations to Tom Wolf’s Pipeline Infrastructure improve the safety and environmental Task Force, aimed at identifying best performance of natural gas hydraulic practices and recommendations fracturing from shale formations. to maximize safe opportunities to transport natural gas. ∎ 2012: Initiated a Zero Vapor Protocol for liquids rich areas in the Marcellus shale, dramatically reducing potential emissions and enhancing safety. 6 Range Resources 2018 Corporate Sustainability Report Our Core Values Our core values – Performance, Innovation, Integrity and Transparency – guide us in the work we do every day as a natural gas industry leader. These values reflect how we operate as a company and are deeply rooted in our commitment to positively impacting the communities where we do business. Performance: Innovation: We are a results-driven company focused on delivering the Range has a long and clear record of pioneering innovative greatest value to our shareholders, customers, partners and solutions reflected in industry and regulatory standards. local communities. This includes our leadership on voluntary disclosures, and the This requires the commitment of each of our employees, who pioneering of water recycling and reuse technologies, which are empowered to continuously improve our operations and reduces both consumptive water needs and local truck traffic. advance our development, safety and environmental goals. Integrity: Transparency: Our performance is driven by the company’s commitment to Our culture is driven by a commitment to transparency and act with integrity in everything we do, from principled business accountability to our shareholders, while supporting greater decision-making to