Civitas Resources Publishes 2025 Corporate Sustainability Report with 5.7% Decrease in Emissions

Civitas Resources has published its 2025 Corporate Sustainability Report, highlighting a 5.7% decrease in Scope 1 greenhouse gas emissions in 2024 and aiming for a 40% reduction by 2030. The company plans to expand its carbon neutrality pledge to its Permian Basin assets by 2026 and has demonstrated strong safety performance with a Total Recordable Incident Rate of 0.25. Civitas has also made progress in reducing pneumatic emissions and plugging orphan wells.

Civitas Resources, Inc. (NYSE: CIVI) has published its 2025 Corporate Sustainability Report, detailing significant progress in sustainability initiatives and setting ambitious targets for the future. The report highlights a 5.7% decrease in Scope 1 greenhouse gas emissions in 2024, a notable achievement that brings the company closer to its goal of a 40% reduction by 2030 [1].

Chris Doyle, CEO of Civitas, stated, "Civitas continues to make significant progress as an operator committed to sustainability. As a result of numerous successful operational initiatives in 2024, company-wide emissions have further decreased and we have translated our learnings from the DJ Basin into impressive improvements on our acquired Permian Basin assets, all while maintaining our proven safety performance. In 2026, we will expand our carbon neutrality pledge to include our Permian Basin assets, in addition to the DJ Basin, proving our sustainability leadership and delivering on our mission to Disrupt Energy for Good."

The report also emphasizes Civitas' strong safety performance, with a Total Recordable Incident Rate of 0.25 in 2024, closely aligned with the industry's top-quartile target of 0.22 [1]. Additionally, the company has made progress in reducing pneumatic emissions, with targets set for an 80% reduction in the DJ Basin by 2025 and a 65% reduction in the Permian Basin by 2030. Civitas has also demonstrated its commitment to environmental stewardship by plugging 42 orphan wells in Colorado [1].

Civitas' focus on sustainability is part of its broader strategy to maximize shareholder returns while demonstrating ESG leadership. The company's proven business model, which includes generating significant free cash flow, maintaining a premier balance sheet, returning capital to shareholders, and demonstrating ESG leadership, is designed to create long-term value for investors [1].

Despite the progress, the report also notes the significant risks and uncertainties that could impact the company's future performance, including changes in environmental regulations, economic conditions, and competition in the industry [1].

References:
[1] https://www.businesswire.com/news/home/20250728353353/en/Civitas-Resources-Publishes-2025-Corporate-Sustainability-Report