Climate Change Data

Lucero Energy Corp.

Climate Impact & Sustainability Data (2022, 2023, 2024)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:48,559 tCO2e/year
Scope 1 Emissions:48,559 tCO2e/year
Scope 2 Emissions:4,282 tCO2e/year
Water Consumption:68,235 m3/year
Carbon Intensity:0.0151 CO2e tonnes/BOE

ESG Focus Areas

  • GHG Emissions
  • Stakeholder & Indigenous Engagement
  • Water Management
  • Ethics & Integrity
  • Asset Integrity & Spill Prevention
  • Health & Safety

Environmental Achievements

  • 64% decrease in Scope 1 Emissions Intensity
  • 57% decrease in Total Scope 1 Emissions
  • 62% decrease in Methane Emissions Intensity
  • 54% decrease in Total Freshwater Withdrawn and Consumed
  • 70% reduction in operated flared volumes due to the connection and conservation of natural gas production

Social Achievements

  • Achieved zero incidents with zero recorded TRIF and LTIF across employees and contractors in 2022
  • 35% of Lucero’s team are women or visible minorities
  • $7.6 million allocated to Indigenous-led contractors hired through MHA TERO

Governance Achievements

  • 100% Board meeting attendance by all directors
  • Updated several key governance policies to reflect dedication to protecting both our people and the environment (Health & Safety Policy, Environmental Policy, and implementation of a Corporate Emergency Response Plan)

Climate Goals & Targets

Short-term Goals:
  • Electrify all remaining unconnected sites by year end 2023

Environmental Challenges

  • Water scarcity
  • Potential for spills
  • Regulatory compliance
  • Catastrophic incidents
  • Maintaining social license to operate
Mitigation Strategies
  • Hydraulic fracturing optimization and use of alternatives to freshwater
  • Spill control and countermeasures plan (SPCC) with spill impact mitigation features
  • Meeting or exceeding federal and state legislation and regulations
  • Robust HSE management system and ERP
  • Active engagement with local communities

Supply Chain Management

Responsible Procurement
  • Contracts require suppliers to comply with Lucero’s Code of Conduct and Ethics Charter

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, GRI, UN SDGs

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:46,940 tCO2e/year (Scope 1)
Scope 1 Emissions:46,940 tCO2e/year
Scope 2 Emissions:6,398 tCO2e/year
Water Consumption:135,433 m3/year (Total Fresh Water Consumed)

ESG Focus Areas

  • Greenhouse Gas Emissions
  • Water Management
  • Land & Biodiversity
  • Security, Human Rights & Rights of Indigenous Peoples
  • Community Relations
  • Workforce Health & Safety
  • Reserves Valuation & Capital Expenditures
  • Business Ethics & Transparency
  • Management of the Legal & Regulatory Environment
  • Critical Incident Risk Management

Environmental Achievements

  • Reduced Direct GHG Emissions (Scope 1) from 56,827 CO2e tonnes/yr in 2022 to 46,940 CO2e tonnes/yr in 2023
  • Reduced Methane emissions from 3,930 CO2e tonnes/yr in 2022 to 2,552 CO2e tonnes/yr in 2023
  • Reduced Spill Intensity from 0.00062 m3 spilled/1,000 bbls fluid handled in 2022 to 0.00067 in 2023
  • 100% of hydraulic fractured wells had public disclosure of all fracturing fluid chemicals used

Social Achievements

  • Increased community investment from $17,000 in 2022 to $32,000 in 2023
  • Improved safety record with only 1 Lost Time Injury in 2023

Governance Achievements

  • 100% of employees signed the code of conduct
  • Zero breaches of the code of conduct
  • Zero corruption incidents confirmed

Climate Goals & Targets

Environmental Challenges

  • Managing Scope 1 and 2 emissions
  • Minimizing spills and their environmental impact
  • Maintaining a strong safety record
Mitigation Strategies
  • Implementing enhanced data aggregation and verification processes to improve accuracy and transparency of reporting
  • Investing in technologies to reduce emissions intensity
  • Focusing on operational efficiencies in design, including air, waste heat recovery and electrification
  • Working with technology providers to evaluate new technology applications
  • Increasing electrification
  • Improving water recycling and decreasing water use
  • Strengthening health and safety management systems

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, GRI

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Health & Safety
  • Governance & Board Oversight
  • Environment, spills, water use & land use
  • Social Engagement & Culture
  • Emissions

Environmental Achievements

  • Industry leading low carbon intensity profile

Social Achievements

  • Not disclosed

Governance Achievements

  • Dedicated ESG program based on five pillar program

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed