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Deutsche Rohstoff AG, together with its subsidiaries, is committed to complying with ESG (Environmental, Social and Governance) criteria and has implemented various measures to support this approach.
Together with the relevant authorities, Deutsche Rohstoff is constantly looking for ways to reduce the consumption of resources and is firmly convinced that it is making a contribution to increasing the common welfare without unnecessarily burdening the environment.
Measures to reduce emissions
In terms of reducing CO2 emissions, Deutsche Rohstoff and its subsidiaries have taken measures to reduce Scope 1 and Scope 2 emissions. Truck traffic, noise and exhaust gases have been reduced by electrifying well pads and infrastructure and using pipelines to transport oil and water. Innovative processes such as the "green flowback process" are also used for new wells. This is used, for example, in the joint venture with Oxy and also in the 1876 Resources development program and helps to minimize leaks and prevent gas flaring.
The company's commitment to environmental protection goes beyond the legal requirements. For example, noise barriers are built near residential areas and measuring devices are installed to detect and prevent methane leaks at an early stage. Furthermore, the companies of Deutsche Rohstoff, insofar as they are active as operators in the states of Colorado and Wyoming, take the following measures:
In terms of governance and corporate management, Deutsche Rohstoff AG puts great emphasis on trust, transparency, responsibility and consistency. Deutsche Rohstoff communicates transparently with capital market participants and submits regular reports on its business, future plans and strategic risks. Corruption is strictly avoided and compliance with strict ethical standards is a matter of course.
Positive contribution to public welfare
Deutsche Rohstoff AG also aims to achieve a positive impact for the common welfare by creating jobs. The Group's aim is to contribute to social development and promote a sustainable community. Respectful and fair treatment of employees and society as a whole is a further building block in the area of ESG.
Compliance with these guidelines is an integral part of the corporate culture and is the direct responsibility of the Executive Board.