Sustainability

“Callon is on a clear path to driving the type of change necessary to remain good corporate citizens. We are committed to sustainable and responsible development of our resources by mitigating the risks of climate change. To build on the momentum we created in 2020, we have adopted meaningful goals to further reduce flaring and greenhouse gas emissions by 2025.”

JOSEPH C. GATTO, JR. President, CEO and Director

Callon Petroleum Company

Callon's Mission

Build trust, create value and drive sustainable growth responsibly for our investors, our employees and the communities in which we operate.

At Callon, our commitment to our shareholders is simple: create value in a responsible manner. Our focus on integrating sustainable business practices and achieving long-term results drives our operations. In alignment with these goals, our Board of Directors oversees the company’s safety and environmental policies, development of a positive corporate culture and an effective corporate governance program. The entire Callon team is committed to driving returns for our shareholders while positively impacting the communities in which we live and work.

Environmental

  • Callon actively works to reduce air emissions, protect local water supplies, minimize freshwater use and prevent spills. Our ongoing environmental programs have not only reduced our operational impacts, but also improved efficiency, lowered costs and reduced risk.
  • In 2020, we reduced our greenhouse gas (GHG) emissions intensity by 28%, our methane intensity by 25%, and our total spill volumes by 66%.
    • Reduction of gas flared as a percent of gas produced by 44%
    • Reduction in greenhouse gas (GHG) emissions intensity by 28%
    • Reduction in methane intensity by 25%
    • Reduction in total fluid spill rate by 66%
    • Over 19% of water consumed in the company’s total operated assets was sourced from recycled production water
  • Callon is committed to mitigating the risks of climate change. As such, we plan to achieve the following by 2025:
    • Reduce emissions intensity by 40-50% relative to pro forma 2019
    • Reduce flared gas to less than 2% of gas produced
    • Eliminate all routine flaring

Social

  • Callon employs a talented workforce and is committed to the safety, health, and development of each team member. We believe that a strong safety culture is a requirement to be a leading operator, and we value each other’s ideas and contributions and foster an entrepreneurial environment and respectful workplace where we work toward common goals.
  • Callon was named a Top Workplace (by our employees) via the Houston Chronicle for the fourth year in a row, and had a 93% participation level in our employee engagement survey.
  • We achieved a 10% reduction in our incident rate making 2020 our best safety year on record.
  • Minorities represent over a third of our full-time, permanent employee base.

Governance

  • Callon seeks to operate our business responsibly, ethically and in a manner aligned with the interests of our shareholders. We are committed to effective and sustainable corporate governance, which we believe strengthens accountability, promotes the long-term interests of our shareholders and helps build public trust in our Company.
  • Our commitment to high ethical standards is set forth in our Code of Business Conduct and Ethics, which includes an anonymous reporting Helpline and a non-retaliation policy.
  • Our Board has established - and annually revisits - sound corporate governance policies that provide the framework under which we fulfill our responsibilities to shareholders.
  • We value diversity of thought and experience in the board room, and Callon has assembled a Board that brings a variety of perspectives and skills to best represent the interest of shareholders. Two women and one minority serve as Callon directors. In addition, ten of 11 of our board directors are independent, and our board committees are comprised of entirely independent directors.
Callon Governance Documents

As part of our efforts to continuously improve our ESG transparency, reporting and performance, Callon welcomes feedback on our reporting. Please send comments or questions to ir@callon.com.

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