Newsweek recently announced its annual top 500 list of America’s Most Responsible Companies of which Range was included for the second consecutive year.
The selection methodology is derived from each company’s efforts on ESG and key performance indicators from their corporate sustainability reports (CSR).
America’s Most Responsible Companies 2023
The Newsweek announcement states, “Talking the talk is easy, but walking the walk is hard.” The release continues, “We are proud to present this year’s ranking and to honor companies that actually mean it when they say they are serious about being good corporate citizens.”
Overall, Range achieved a 65.80 score with a high mark of 76.70 for the social category. For more information on the in-depth rating methodology, visit Newsweek’s presentation here.
“Transparency, along with caring for people and the environment, is at the core of Range’s culture,” said Jeff Ventura, Range Resources CEO. “To be named as one of the most responsible companies is a direct result of these values in action each day by our employees.”
Range published its updated 2021-2022 Corporate Sustainability Report. This report provides insight into Range’s approach, achievements, and goals on environmental, social, and governance topics.
Corporate Sustainability Report Highlights
Corporate Governance
- 14% of Board members are Racial/Ethnic Minority
- 29% of Board members are women
- Annual Board evaluations include anonymous questionnaires, one-on-one Director interviews, and the assistance of outside legal counsel.
Climate Change
- Net Zero Goal by 2025 (GHG Scope 1 and Scope 2 emissions)
- Increased LDAR inspections to 8x per year in 2022
- Ranks lowest in CO2e emissions intensity in a group of our 11 proxy peers
Safety Leadership
- 0.00 Days Away, Restricted, or Transferred (DART)
- 0.18 Total Recordable Incident Rate (TRIR)
- Completed more than 2,500 hours of safety-related training
Environmental Stewardship
- Recycled 147% of produced water and flowback volume through our water sharing program
- 62% of total water used for operations was reuse water
- Range’s Habitat Enhancement Program totals 61.2 acres
Community Impact
- Over $514,000 in charitable contributions
- Over 675 hours volunteered by employees in 2021
- Over $127,000 donated to first responders through our Good Neighbors Fund
Human Capital Management
- Employees completed 9 hours of training on average
- Continued MERG and RENEW employee resource groups for multi-ethnic and female employees
- Annual DE&I training for all employees