HighPeak Energy’s Commitment to ESG
At HighPeak Energy we are committed to conducting our business and developing our assets in a responsible manner that safeguards the environment and the health and safety of our employees and the communities in which we live and operate. Our focus includes minimizing GHG emissions, the use of potable water, surface disturbance, and all safety related incidents.
General Principles/Standard Guidelines
- Consider the environment and human safety in all decisions
- Provide the resources necessary for continual HSE improvement
- Promote a work environment of communication and innovation
- Continued community involvement and corporate citizenship
Formed a committee of our Board of Directors to oversee the Company’s environmental, safety, and corporate responsibility program (“ESG Committee”). Certain responsibilities of the ESG Committee will include but not be limited to: (i) Oversee the development of policies, programs and initiatives related to Company’s environmental, safety and corporate responsibility (“ESG”) program, (ii) Oversee management’s monitoring and adherence to the Company’s ESG policies including procedures for identifying, assessing, monitoring and managing the primary environmental, health and safety risks in the Company’s business; (iii) Review and advise the Board on the establishment of appropriate objective ESG targets and goals for the Company; (iv) Evaluate the Company’s performance with respect to its goals; (v) Provide oversight with respect to the Company’s ESG communications including its annual Sustainability Report and (vi) Consider and monitor current and emerging trends related to ESG that affect the Company. The members of the ESG Committee are: Mdme. Sharon Fulgham, Chair and Messrs. Jack Hightower, Michael Hollis and Keith Covington.
The Nominating & Governance Committee will oversee the Company’s governance responsibilities and activities. The Company’s Board meets the Nasdaq’s proposed board diversity rules with two (2) directors who self-identify as diverse.
The (ESG) committee of the Board will also continually monitor potential climate-related risks that could impact the company including:
- Market conditions that could affect commodity prices and hydrocarbon demand
- Access to capital markets
- Supply chain disruption
- Evolving climate change laws, regulations and policies
Minimize the use of potable water in our field operations through use of recycled produced fluids and other non-potable water
Continue environmentally safe and efficient deep disposal of excess produced fluids
Eliminate the need for standard operational flaring
Adhere to strict health and safety principles
Reduce surface disturbance and vehicle traffic via multi-well pads, extended reach horizontals and large central tank batteries
Evaluate the development of renewable energy for use in our operations
Anticipate participation in partnerships and affiliations by mid-year 2021, such as the Environmental Partnership, that aim to promote best practices and a strong ESG culture
2020 HSE highlights: zero reportable spills and zero employee safety related incidents
HighPeak Energy expects to publish an initial sustainability report for 2021. Our inaugural report will include information such as Scope 1 and methane emissions, standard operational flaring metrics, reportable spills, and employee safety related incidents.