Search HOME ABOUT CRC NEWS CONTACT US OUR BUSINESS ESG CARBON TERRAVAULT INVESTOR RELATIONS INTEREST OWNERS 2045 Full-Scope Net Zero Goal HOMEESG2045 FULL-SCOPE NET ZERO GOAL ESG 2045 Full-Scope Net Zero Goal Health and Safety Supply Chain Transparency ESG By The Numbers 2020 Sustainability Update (PDF) API Template (PDF) SASB Template (PDF) 2019 Sustainability Report (PDF) CRC is committed to the transition in the energy sector. Building upon the company’s carbon management strategy, in November 2021, CRC adopted a 2045 Full-Scope Net Zero goal for Scope 1, 2 and 3 emissions. This goal places CRC among a select few industry peers to include scope 3 emissions in their Net Zero goal. In addition, CRC’s 2045 goal puts the company on a timeframe five years sooner than most other companies’ Net Zero goals and aligns CRC with the state of California’s 2045 net zero ambitions. CRC defines Net Zero as achieving permanent storage of captured or removed carbon emissions in a volume equal to all of our Scope 1, 2, and 3 emissions by 2045. We intend to achieve this goal by prioritizing 50% of our free cash flow to invest in projects that reduce our direct and indirect emissions or achieve sequestration of carbon in volumes necessary to offset these emissions. Scope 1 emissions are direct greenhouse gas (GHG) emissions associated with sources controlled or owned by an organization such as fuel combustion in boilers, furnaces, vehicles, etc. Scope 2 emissions are indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling. Although scope 2 emissions physically occur at a facility where they are generated, they are accounted for in an organization’s GHG inventory because they are a result of the organization’s energy use. Scope 3 includes all other indirect emissions that occur in a company’s value chain. This includes emissions from purchased goods or services, business travel, employee commuting, waste disposal, use of sold products, and transportation and distribution. CRC is one of the best positioned companies in the energy sector. The company’s strong operational and financial performance enables it to produce stable, low-carbon fuel and invest meaningful ESG projects such as Carbon TerraVault I that will help California achieve its ambitious emissions reduction goals today and in the future. OUR BUSINESS Our Team Where We Operate Technology Our Products Doing Business With Us Careers ESG 2045 Full-Scope Net Zero Goal Health and Safety Supply Chain Transparency ESG By The Numbers CARBON TERRAVAULT Carbon TerraVault I Projects What is CCS? INTEREST OWNERS Royalty Owners Lease & Surface Owners Joint Interest Owners Interest Owner Contacts Forms and Documents Interest Owner FAQ INVESTOR RELATIONS Home News Events & Presentations Stock Information Financials & Additional Disclosures Governance Analyst Coverage Royalty Interest Holders Stockholder Services ABOUT CRC Contact Us NEWS News Releases Contact Communications CONTACT US PRIVACY POLICY TERMS OF USE ACCESSIBILITY STATEMENT © 2021 California Resources Corporation