HOUSTON, Nov. 14, 2023 /PRNewswire/ -- Talos Energy
Inc. ("Talos" or the "Company") (NYSE: TALO) today published its
annual Sustainability Report and Task Force on Climate-related
Financial Disclosures ("TCFD") Report for the 2022 calendar year.
The reports highlight Talos's continued commitment to transparency,
emissions reduction efforts, and sustainability and governance
improvements across its growing upstream and low carbon solutions
businesses.
Talos's reports were developed with reference to the
Sustainability Accounting Standards Board ("SASB"), Global
Reporting Initiative ("GRI"), United Nations' Sustainability
Development Goals ("UN SDG") and TCFD frameworks. The reports can
be read here: https://www.talosenergy.com/sustainability.
Executive Vice President, Low Carbon Strategy and Chief
Sustainability Officer Robin Fielder
commented: "I am excited to announce the publication of our
annual Sustainability and TCFD Reports and share the progress on
our sustainability strategy as we celebrate our five-year
anniversary as a publicly traded company on the New York Stock
Exchange. In keeping with our mission to provide energy prosperity
to improve lives, our strategy is focused on delivering
conventional energy resources and low-carbon solutions in a safe,
reliable, environmentally responsible, and profitable way. As we
continue to advance the energy company of tomorrow, we remain
committed to enhanced reporting and transparency while delivering
value to our stakeholders."
Sustainability and Governance Highlights
- Realized a ~30% reduction in Scope 1 GHG emissions intensity
ratio for 2022 compared to the 2018 baseline
year(1).
- Reduced Scope 2 greenhouse gas emissions by ~64% from the 2018
baseline year to 2022(2).
- Committed to further reducing Talos's GHG emissions on an
absolute basis by 15% from Talos's new 2022 baseline by
2030(3).
- Attained the Lowest Total Recordable Incident Rate in Talos's
history in 2022.
- Achieved a Zero Lost Time Incident Rate for the second
consecutive year in 2022.
- Expanded the Talos Low Carbon Solutions business and secured
carbon capture projects supporting an estimated 1.7 billion tons of
gross prospective storage resources.
- Transitioned to a declassified Board in 2023, with all
directors elected annually to serve one-year terms beginning in
2025.
- Achieved a rating of "A" (on a scale of AAA-CCC) in the MSCI
ESG Ratings assessment in May
2023.
- Received the 2023 Hart Energy ESG Award for Public Producer,
one of two recipients in the public producer category based on
Talos's 2022 efforts.
- Recognized as a Top Workplace in 2023 by the Houston Chronicle
for 11 consecutive years.
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a technically driven,
innovative, independent energy company focused on safely and
efficiently maximizing long-term value through its Upstream
Exploration & Production and Low Carbon Solutions businesses.
We currently have operations in the
United States and offshore Mexico. We leverage decades of technical and
offshore operational expertise to acquire, explore, and produce
assets in key geological trends while developing opportunities to
reduce industrial emissions through carbon capture and storage
projects along the U.S. Gulf Coast. For more information,
visit www.talosenergy.com.
INVESTOR RELATIONS CONTACT
investor@talosenergy.com
FORWARD-LOOKING STATEMENTS
This communication may contain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. All statements, other than statements of
historical fact included in this communication, regarding our
strategy, operations and initiatives, targets and goals, prospects,
plans and objectives of management are forward-looking statements.
When used in this communication, the words "will," "could,"
"believe," "anticipate," "intend," "estimate," "expect,"
"endeavor," "strive," "project," "forecast," "may," "objective,"
"plan" and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain such identifying words. These forward-looking
statements are based on our current expectations and assumptions
about future events and are based on currently available
information as to the outcome and timing of future events.
Prospective subsurface storage resource estimates for carbon
capture and sequestration projects are based solely on preliminary
internal estimates and are not verified by any third-party experts.
The accuracy of any such estimates depends on the quality of
available data, unknown geologic risks, and the interpretation of
data. The results of further evaluation activities and the
permitting process may require revisions of estimates. Accordingly,
estimates of storage resource may differ significantly from the
actual quantities of CO2 that can ultimately be stored.
The SEC has not specified how subsurface storage estimates should
be calculated. Therefore, the estimates in this communication have
not been calculated in accordance with SEC, reserve engineering or
accounting standards. We use the term "prospective storage
resource," outlined by the CO2 Storage Resources Management System
("SRMS"), which was modeled after the Society of Petroleum
Engineers ("SPE") Petroleum Resources Management System ("PRMS"),
to represent our internally estimated CO2 storage.
We caution you that these forward-looking statements are subject
to numerous risks and uncertainties, most of which are difficult to
predict and many of which are beyond our control. These risks
include, but are not limited to, the success of the Company's
short-, medium- and long-term sustainability targets, including
greenhouse gas emission reduction plans or goals; the continued
development, implementation or continuation of practices, programs,
policies, initiatives, plans, goals, or targets discussed herein or
the reports; the effects of climate change and the energy
transition; changes in laws and regulations including international
treaties and laws and regulations regarding the sustainability
focus area; and the other risks discussed in "Risk Factors" in our
Annual Report on Form 10-K for the year ended
December 31, 2022 and in our Quarterly Report on Form 10-Q for
the quarter ended March 31, 2023.
Should one or more of the risks or uncertainties described
herein occur, or should underlying assumptions prove incorrect, our
actual results and plans could differ materially from those
expressed in any forward-looking statements. All forward-looking
statements, expressed or implied, included in this communication
are expressly qualified in their entirety by this cautionary
statement. This cautionary statement should also be considered in
connection with any subsequent written or oral forward-looking
statements that we or persons acting on our behalf may issue.
Except as otherwise required by applicable law, we disclaim any
duty to update any forward-looking statements, all of which are
expressly qualified by the statements in this section, to reflect
events or circumstances after the date of this communication.
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(1) 2021-2022 Scope 1 emissions data
is pro forma with the EnVen acquisition. 2019-2020 data is Talos
emissions only. EnVen did not collect comparable emissions data
before 2021. All data calculated from 2018 baseline is based on the
GOADS methodology at the time. For further information, please
refer to our 2023 Sustainability Report.
(2) Scope 2 calculation is based on Talos-only
data. EnVen did not calculate Scope 2 emissions prior to 2022. For
further information, please refer to our 2023 Sustainability
Report.
(3) 2022-2030 data is combined pro forma with the
EnVen acquisition. Scope 1 and Scope 2 emissions.
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SOURCE Talos Energy