Integrity, accountability and disclosure
As we work to be financially, environmentally and socially responsible, Devon is guided by our core values and corporate governance principles. Maintaining ethics and integrity and recognized governance practices such as board independence, proactive shareholder engagement and risk management help us sustain the trust we’ve built with our stakeholders.
To deliver results, we focus on operational excellence, top-tier environmental, social and governance (ESG) performance and productive stakeholder engagement. We integrate our environmental, health and safety (EHS) commitment into our operations and incorporate ESG performance goals into our compensation program.
Devon’s senior leaders evaluate risks and opportunities and seek to continuously improve our ESG performance and transparency. Our ESG Steering Committee plays an active role by informing management on current and emerging issues that influence business planning, strategy and operations.
BOARD OF DIRECTORS
Integrated corporate governance best practices from legacy Devon and legacy WPX to cultivate strong risk management, decision-making and communications with the board of directors.
Expanded the responsibilities of the former Governance Committee to include environmental and public policy oversight, renaming it the Governance, Environmental, and Public Policy (GEPP) Committee.
Established a new board Dividend Committee.
Appointed a non-management director to serve in a lead director capacity.
Engaged with approximately 100 governance representatives of institutional investors representing more than 46% of outstanding shares to discuss topics such as ESG strategy, executive compensation, environmental performance and board composition.
Published our 2021 Political Activity Lobbying Report, 2021 Sustainability Report and 2021 Climate Change Assessment Report, further advancing our commitments to transparency and disclosure.
Achieved top-tier scores for ESG performance in a number of leading third-party surveys and assessments.