The oversight of environmental, health and safety, and social issues are an integral part of our risk management and oversight process. Further, sustainable practices present significant opportunities for our business operations and our ability to maintain good working relationships with stakeholders. In order to enhance oversight and implementation of Range’s sustainability goals, the ESG and Safety Committee will work closely with the appropriate management groups.
In addition to the ESG and Safety Committee, the Compensation Committee works to ensure that management incentives are aligned with our sustainability goals. In 2021, the Compensation Committee introduced Emission Intensity Performance targets into the Long-Term Incentive Program to further drive our long-term environmental strategy and more closely align our executive compensation with this strategy. This addition to the Long-Term Incentive Program is the second ESG metric the Compensation Committee has introduced into the compensation design. In 2019, the Compensation Committee increased the weighting of health, safety, and environmental performance within the Annual Cash Incentive plan which is now 25 percent
The Company’s Environmental Compliance (EC) Department is responsible for the oversight and implementation of our Environmental Compliance policy. That policy is focused on compliance with rules and regulations and the Company’s commitment to advancing our environmental goals through implementing best practices.
Our Safety Department is responsible for overseeing and supporting the implementation of our Safety Policy, which includes Range’s workforce and community health and safety management systems.