Climate Change Data

Evolution Petroleum Corporation

Climate Impact & Sustainability Data (2018-07 to 2021-06, 2021-06-30 to 2023-06-30)

Reporting Period: 2018-07 to 2021-06

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:6.37 metric tons (FY2020), 6.20 metric tons (FY2021)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:15.083 MWh (FY2020), 14.681 MWh (FY2021)
Water Consumption:17,174 US gallons (FY2020), 16,335 US gallons (FY2021)
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced Scope 2 CO2-e emissions from 6.37 metric tons in FY2020 to 6.20 metric tons in FY2021 at corporate facilities.
  • Reduced fresh water usage at corporate facilities from 17,174 US gallons in FY2020 to 16,335 US gallons in FY2021.
  • Utilizes solar panels at Delhi Field for SCADA oversight and chemical pumps; no continuous flaring.

Social Achievements

  • Recorded zero workplace injuries or work-related fatalities in the last three fiscal years.
  • Implemented a COVID-19 Contingency Plan enabling remote work with minimal business disruption.
  • Provided ergonomic workstations and cameras for video meetings to support remote work.

Governance Achievements

  • Formed an ESG Task Force to formalize ESG programs and monitor adherence to standards.
  • Added an ESG component to short-term compensation evaluation metrics beginning in fiscal year 2022.
  • Adopted a Human Rights Policy.

Climate Goals & Targets

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

Environmental Challenges

  • As a non-operator, limited direct control over environmental initiatives at the asset level.
  • Dependence on third-party operators for environmental performance.
  • Vulnerability to adverse weather events impacting operations and employee safety.
Mitigation Strategies
  • Partnering with third-party operators sharing core values and commitment to environmental stewardship.
  • Implementing a Health and Safety Coordinator to monitor adverse weather events and inform employees.
  • Enabling remote work during adverse weather events and the COVID-19 pandemic.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Changing climate change regulations impacting demand and prices
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: SASB Oil and Gas Exploration and Production Sustainability Accounting Standards, ISS Environmental and Social (E&S) QualityScore

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2021-06-30 to 2023-06-30

Environmental Metrics

Total Carbon Emissions:111,200 tCO2e (Scope 1 & 2)
Scope 1 Emissions:111,194 tCO2e
Scope 2 Emissions:6.05 tCO2e
Renewable Energy Share:0%
Total Energy Consumption:16.39 MWh (2023)
Water Consumption:0.265 thousand cubic meters (2023)
Waste Generated:0 metric tons (hazardous waste)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Implemented a voluntary Environmental Operator Questionnaire to collect environmental metrics from third-party operators.
  • Partnered with third-party operators utilizing innovative and responsible production technologies such as waterflooding and CO2 flooding to extend the life of oil and natural gas fields.

Social Achievements

  • Expanded team of highly skilled professionals.
  • Implemented a company-wide ESG training program.
  • Introduced a charitable donation program and volunteer initiative.
  • Incorporated ESG considerations into annual compensation assessment.
  • Added paid sick leave, parental leave, bereavement leave, short-term disability, and tuition reimbursement benefits for full-time employees.

Governance Achievements

  • Established a dedicated Sustainability Committee.
  • Implemented a $25 MM share repurchase program.
  • Increased quarterly dividends by 37% from fiscal year 2022 to 2023.
  • Conducted annual compliance training for all employees and board members.

Climate Goals & Targets

Environmental Challenges

  • Climate change poses both transition and physical risks (extreme weather, regulatory changes, market shifts).
  • Limited direct control over environmental initiatives at the property level due to non-operated interests in oil and gas assets.
  • Fluctuations in commodity pricing impacting revenue, profitability, and growth.
Mitigation Strategies
  • Partnering with third-party operators committed to environmental stewardship and responsible practices.
  • Implementing a multi-faceted security policy to minimize the impact of cyberattacks.
  • Maintaining insurance coverage to mitigate losses due to social engineering or computer fraud.
  • Continuous evaluation of business to identify risks and opportunities, considering multiple pricing scenarios in forecasting.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
Transition Risks
  • Regulatory changes
  • Market shifts

Reporting Standards

Frameworks Used: GRI Standards, SASB Oil & Gas – Exploration & Production standard, ISS ESG QualityScore factors