Sustainability

While celebrating the 50th year since Devon’s founding, we also explored what it will take to be a sustainable oil and natural gas producer for the next half century. It has become clear to us that the world needs an “all of the above” approach to energy production in order to meet growing global energy demand and to meet global climate change goals. The world also needs affordable, reliable and sustainable supplies of energy, including oil and gas, to meet this growing demand. Affordability, reliability and sustainability are equally important, and will have to be balanced with decarbonization efforts until alternative energy sources can be delivered consistently on a global scale. As the crisis in Ukraine and pandemic show, energy supply disruptions can cause severe impacts on the economic stability of our families, communities, nation and counterparts around the world.

Our core business of delivering responsibly produced oil and natural gas is not only sustainable, but essential to maintain our nation’s energy security and to improve the quality of human lives around the world. We are committed to producing low-cost, clean, safe and reliable energy to contribute to energy security and create shareholder value. Our employees, shareholders, contractors and other stakeholders hold us accountable for financial success, as well as for meeting expectations and targets for ESG performance and communicating our progress transparently.

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我们平衡地传递世界需求的可持续能源的方法

Key beliefs:

• Addressing climate change requires the world to decarbonize while at the same time ensure access to secure, affordable and reliable energy.
• 获得安全，公平，负担得起和可靠的能源可改善世界各地人生的质量。
  
• 世界需要采取“上述所有”方法来满足不断增长的全球人口和较低的碳目标的需求。
  
• Oil and natural gas can and must be part of any lower carbon future.
  
• As the world continues to change, Devon will adapt and evolve in a way that enables us to continue to be an industry leader.
  
• 我们为我们所做的工作和我们的工作方式感到自豪。
  

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专注于环境目标

Devon takes the same disciplined, thoughtful approach to ESG performance that we take to operational, financial and strategic performance. To continuously improve, we set targets, apply technologies and best practices to meet them, measure progress and take intelligent risks based on what we learn. We also set annual corporate goals for environment, health and safety (EHS) and community engagement, enabling our employees to share in our success.

2021年6月，我们设定了积极的环境目标，以降低运营的碳强度，并主动解决与气候有关的风险和机会。我们的团队迅速从传统公司整合了数据集，并结盟以实现我们的目标。通过持续的减排工作，我们全公司范围内的温室气体（GHG）范围1和范围2基于位置的排放量下降了19％，而甲烷排放量与2020年相比下降了13％。我们的耀斑强度朝着正确的方向发展，特别是在特拉华盆地和威利斯顿盆地中，2021年下降了36％，至0.9％。德文郡正在评估先进的技术，以帮助我们继续检测，测量，缓解，并最终验证我们的排放性能，因为我们朝着到2050年朝着范围范围的范围1和2的净零温室排放量迈进了目标。

We have a target to use 90% non-fresh water in our most active Delaware Basin operating areas, where our use of recycled water increased 65% to 61 million barrels in 2021 compared to 2020. Since 2015, Devon has reused over 200 million barrels of water from our water treatment facilities.

支持我们的员工和社区

为了履行我们的社会责任以确保劳动力的安全，我们专注于我们的安全文化，并采取步骤找到并保留符合我们高EHS标准并遵守我们要求的承包商。得益于团队的努力，我们2021年的严重事件和死亡（SIF）每200,000小时的工作比率比我们的2020年税率低36％，并且超过了我们当年的目标。

通过我们的表现的所有权,德文郡employees made our 2021 successes possible. We value our employees and will invest in their success to build the talented workforce our company needs in the future. The Devon leadership team is committed to balancing what our employees need as individuals with the best interests of our company, and to fostering a truly diverse, equitable and inclusive workplace where each employee feels a sense of belonging.

Devon focuses on building strong, safe communities and an educated workforce where we live and work. In 2021, we expanded our established STEM (science, technology, engineering and math) education programs, and with valuable input from our Diversity, Equity and Inclusion (DEI) Team, made our first Inclusion and Equity Grants in Oklahoma City. The grant program was so successful that we more than doubled our total investment and added organizations in the New Mexico Delaware Basin in 2022. We continue to look for meaningful ways to have a positive impact on children, families and communities.

挑战自己做得更好

在德文郡,我们继续learning and do not resist progress. Engaging constructively with a wide range of stakeholders exposes us to ideas and solutions that help us improve. Our company is now one of the largest U.S. energy producers, and this brings new opportunities to listen, learn and share the Devon perspective. With our seat at the table, Devon is joining our industry in underscoring the need for clear and consistent energy policy and sensible regulations that allow us to deliver the affordable, accessible energy we’ll need for many decades. We’re committed to conducting our core business in the right way for the benefit of our stakeholders.

德文郡（Devon）得到了我们董事会的全力支持，以创新并采取大胆的进步行动。董事会批准了我们的ESG改进目标及其治理，环境和公共政策（GEPP）委员会委员会与我们的主题专家进行了关于我们针对目标的绩效的持续对话。董事会对我们如何为未来发展劳动力感到积极兴趣，实际上，我们所有的女董事都通过指导来倡导德文郡的女领导人。我们感谢董事会的律师及其对我们能力的信心。

为了追求ESG卓越，德文郡正朝着正确的方向前进。作为气候意识，低成本，低碳能量生产商，我们正在取得进步并为漫长的未来做准备。我们知道，还有更多的事情要安全，负责任地提供现代生活的基本必需品所需的能量，并提高全球数百万人民的生活水平。德文郡的员工接受了可能性。

Thank you for your interest in what Devon is doing to improve our environmental, social and governance performance. We take stakeholder feedback to heart and would appreciate your thoughts on this report to help us meet your information needs.