Pieridae Releases 2023 Environmental, Social and Governance Report

Pieridae Energy Limited  is pleased to release its 2023 Environmental, Social and Governance (“ESG”) Report, detailing the Company’s ESG performance for the year ended December 31, 2022.

Pieridae strives for excellence in all aspects of its ESG performance and is committed to the safe and responsible production of reliable natural gas and natural gas liquids. The Company’s ESG vision is to be responsible stewards of the environment, foster mutually beneficial relationships with Indigenous Peoples in Canada and with our stakeholders, and be leaders in demonstrating good governance to establish trust, act with purpose and support Pieridae’s business vision.

“We are pleased to release our third annual ESG report and share our commitment to ESG as an integral part of what we do,” said Pieridae’s President and COO, Darcy Reding. “As a responsible corporate citizen focused on sustainability and growth, ESG priorities are important to ensure the well-being of our staff and to better serve our stakeholders and the communities in which we operate.”

2022 Highlights

  • Reduced total Scope 1 and 2 GHG emissions by 6% from 2021;
  • Contributed over $140,000 of community and social investment funding to organizations in communities where we live and operate;
  • Employed 12 summer students, demonstrating our commitment to encourage young people to learn about and join our industry;
  • Conducted an updated ESG Materiality Assessment exercise with a broad range of stakeholders;
  • Advanced ESG data disclosures to conform to the notable international reporting framework from the Sustainability Accounting Standards Board (“SASB”), in addition to referencing frameworks from the Taskforce on Climate Related Financial Disclosures (“TCFD”) and the Global Reporting Initiative (“GRI”).

To read Pieridae’s full 2023 ESG Report, please visit www.pieridaeenergy.com.

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