Riverbend understands that evaluating and monitoring environmental, social, and governance (ESG) factors can help manage long-term investment risks, improve returns, and protect/enhance our reputation.
Riverbend maintains a keen, structured understanding of our environmental impacts across all areas of ownership. We understand capital improvements on our operated oil & gas assets to reduce environmental impacts and reduce the risk of future incidents. For wells where we possess a royalty or non-operated working interest, Riverbend actively monitors the operators to assess any environmental risks. We also seek to provide capital to teams and projects in the energy transition and renewables sector.
Riverbend has a strong foundation of ethics and integrity, with a positive reputation that precedes us in our industry. We are committed to hiring the best and brightest employees to advance Riverbend’s initiatives which is evident by our commitment to promoting diversity and inclusion within our workforce. We recognize that a wide range of thought, backgrounds, and interests contributes to a more inclusive workplace. We are also deeply committed to engagement within the communities where we live and work. Riverbend and our employees support numerous charitable organizations and various industry organizations.
Riverbend actively monitors corporate short-term and long-term ESG performance, with a Chief Compliance Officer overseeing governance and compliance. We engage with well-known and reputable partners, including Deloitte (Accounting), Blue River Partners (Compliance), and Scan13 (Cyber Security). All employees perform annual ESG compliance training and certifications with ~10 hours per employee of training each year.
Riverbend has supported outside activities of value to our areas of influence including various industry associations such as:
We have also collaborated with community-centered non-profit organizations, including:
We also made a sizable contribution to Houston Habitat For Humanity for Hurricane Harvey rebuilding efforts.