Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Responsibility
• Social Responsibility
• Governance

Environmental Achievements

• Reduced GHG emissions through cogeneration, producing enough electricity for ~100,000 homes annually.
• Partnered with CARB on a methane mitigation project, resolving emission sources quickly.
• Spent $17 million and decommissioned 194 wells in 2020 (exceeding regulatory requirements).

Social Achievements

• 78.2% participation rate and 83% overall favorability rating in the 2019 employee engagement survey.
• Voluntary turnover of 7.9% in 2019 and 8.2% in 2020.
• Implemented new D&I initiatives including enhanced training, employee surveys, and policy reviews.
• Donated over $150,000 to more than 40 charitable organizations in 2020.
• Established a company-sponsored volunteering program.

Governance Achievements

• Formalized an internal ESG Steering Committee.
• Board of Directors oversees bry’s ESG goals.
• Five of seven directors are independent (exceeding NASDAQ requirements).
• Two women serve on the Board.
• Annual ethics training for all employees.

Climate Goals & Targets

Environmental Challenges

• Need for more data to identify environmental impacts and improvement opportunities.
• Managing idle wells according to new California regulations.
• Balancing operations with the protection of threatened and endangered species.

Mitigation Strategies

• Hired an outside firm to assess GHG emissions, water use, and waste generation.
• Maintains plans for the management of all idle wells and exceeded regulatory requirements for well decommissioning.
• Adopted policies to protect wildlife, including employee training and collaboration with relevant agencies.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Permanently sealed 270 idle wells in 2021 (above California regulatory requirements)
• Acquired C&J Well Services to reduce fugitive greenhouse gas emissions from idle and orphan wells
• Increased use of renewables for field operation energy supply
• Reduced high-impact fugitive emissions from idle and orphan wells
• Developed water treatment projects to provide water resources for agriculture

Social Achievements

• Improved ESG data collection, management, and reporting processes
• Introduced a new Employee Assistance Program (EAP)
• Implemented a new parental leave program and mandatory DEI training
• Added an Organizational Development Manager to the HR team
• Industry-leading worker safety performance with a 3-year average TRIR of 0.34 and zero recordable injuries in 2021

Governance Achievements

• Increased representation of women on the Board of Directors to 30% (50% of independent directors)
• Established an ESG Steering Committee
• Developed an Operational Risk Registry and a system for ongoing risk management
• Formalized internal ESG Steering Committee
• Added position of Sustainability Manager

Climate Goals & Targets

Environmental Challenges

• Climate-related risks (e.g., extreme weather, regulatory changes)
• Managing methane leakage
• Idle and abandoned wells posing environmental and community risks
• Water conservation in regions with high water stress
• Maintaining a diverse and inclusive workforce

Mitigation Strategies

• Robust emissions tracking and reporting systems
• Proactive methane leakage management
• Acquisition of C&J Well Services for well abandonment
• Water treatment and reuse projects
• DEI initiatives including enhanced parental leave, flexible work arrangements, and DEI training

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products
• Carbon capture and sequestration

Reporting Standards

Frameworks Used: SASB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• National Safety Council Green Cross for Safety finalist (2021)