Employee Well-being & Engagement

We strive to make Denbury a great place to work because we believe it is an important driver to employee well-being, retention and corporate success. We are dedicated to creating a workplace where every employee has the support and tools necessary to succeed. At Denbury, our work culture is relaxed, rewarding, focused, challenging and friendly. We work to create an atmosphere of trust and teamwork that brings out each employee’s unique talents. We believe our most important resource and our biggest competitive advantage is our highly skilled, knowledgeable and diverse workforce.

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Well-being

All of our employees are encouraged to use their skills and creativity in their areas of expertise, creating an atmosphere of cooperation and respect. We work as a team to develop innovative solutions that exceed expectations.

We believe in our employees’ right to a safe work environment, excellent work culture and competitive compensation. A culture of empowerment frees employees to develop ideas for tomorrow to facilitate the continued success of Denbury.

OUR DIVERSE AND INCLUSIVE CULTURE

At Denbury, we strive to make diversity, equity and inclusion a part of our culture. Our Board of Directors and management are responsible for promoting diversity at Denbury and have included “Promoting Diversity” among the Core Values included in our Code of Conduct and Ethics. The Sustainability Committee of our Board of Directors provides our management with oversight and advice with respect to our practices, strategies and initiatives related to human capital management, such as diversity, equity and inclusion matters, workplace culture and talent development. We recognize the benefits we all share as a result of a diverse culture and are continually looking for ways to foster a diverse and inclusive work environment.

Commitment to Equal Employment and Nondiscrimination

Our Company provides equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy status, sexual orientation or gender identity), national origin, disability, age, veterans' status, marital status, genetic information (including family medical history) or any other category protected by applicable law. Denbury makes employment related decisions, including with respect to hiring, job assignment, promotion, remuneration, training and benefits, without regard to any legally-protected status.

Denbury's objective is to provide a work environment that fosters mutual respect and working relationships free from unlawful discrimination, harassment or retaliation. Our management is charged with creating an atmosphere free from such conduct, and employees are responsible for respecting the rights of their co-workers.

In accordance with our Company policies, discrimination, harassment and retaliation are strictly prohibited at Denbury. Such conduct violates our Code of Conduct and Ethics, our Core Values, our Nondiscrimination, Anti-Harassment and Anti-Retaliation Policy, and local, state and federal law and will not be tolerated at Denbury.

Commitment to Equal Employment

Recruiting Diverse Talent

In 2019, women and minorities accounted for approximately 21% and 13% of our workforce, respectively, while women and minority new hires accounted for approximately 35% and 19% of our workforce, respectively. In 2020, women and minorities accounted for approximately 21% and 14% of our workforce, respectively, while women and minority new hires accounted for approximately 46% and 23% of our workforce, respectively.

Denbury aims to ensure equal opportunity in recruitment. We broaden our pool of diverse candidates by utilizing a digital recruiting program which posts available employment opportunities to websites worldwide, several of which are specifically targeted at diverse and underrepresented groups.

Additionally, the Company’s primary STEM recruitment efforts are based with the University of Texas, Texas A&M University, Colorado School of Mines, and the University of North Dakota. We utilize a combination of recruiting at campus career fairs as well as participation in activities put on by diversity organizations to build out our staffing needs. In 2019, our recruiting team participated in an interview training session from the Society of Women Engineers and a panel discussion at a STEM science camp for Aggie STEM.

Diversity Training

To foster a diverse and collaborative workplace, Denbury requires all managers to complete annual training modules to raise awareness about and encourage diversity and inclusion. Additionally, each year, all Denbury employees are required to complete training programs which include courses related to diversity, anti-discrimination, or anti-harassment to help employees understand diversity, cultural differences, recognize unconscious bias, and increase collaboration.

Diversity Training

Diverse Network

Denbury looks for ways to expand our support for female and minority employees. This includes sponsoring organizations such as the Women’s Energy Network and events hosted by the Energy Diversity & Inclusion Council to raise awareness about opportunities at Denbury. These associations provide networking and development opportunities for our employees.

In 2019, female employees formed a women’s network called GROW — Growth in Relationships and Opportunities for Women. The goal of the group is to give women at Denbury the tools and resources needed to support them in the workplace and enhance their overall presence in the Company.

Kelly

Many female employees at Denbury are also members of, and partake in events hosted by, the Women’s Energy Network – Dallas and Fort Worth Chapters. In May 2020, Denbury’s own Kelly Richmond, Asset Integrity Manager, was a panelist at a virtual event hosted by Women’s Energy Network—North Texas Chapter and the Society of Petroleum Engineers—Young Professionals Dallas Section discussing “COVID-19 in O&G Industry: Our New Normal and What to Expect.” In October 2020, Denbury employees attended a virtual Women’s Energy Network leadership series.

Further, in February 2021, Denbury was a sponsor of the First Annual Energy Inclusion Conference, a virtual event hosted by the Energy Diversity & Inclusion Counsel. The conference addressed the importance of creating an inclusive culture within organizations by leveraging diversity and embracing inclusivity in the workplace. Denbury employees virtually attended the conference which afforded them the opportunity to explore tools and resources necessary to build a diverse and inclusive workforce.

ENGAGEMENT

Senior management believes that engagement and transparency with our employees is an important part of building trust and helping our employees feel rewarded, heard and secure about Denbury and their jobs. We have a number of company initiatives that focus on employee engagement.

Town_Hall_-_Chris_4_2020Denbury's CEO, Chris Kendall, addresses employees during a virtual Town Hall.

Town Hall Updates

Periodically, our senior management team invites all employees to attend either in-person or virtual town halls, led by our CEO, which includes an update on our business and company performance, charitable activities, and safety updates, highlighting key achievements and individuals, followed by a candid Q&A session. Additionally, our CEO and other members of our senior management team provide periodic video updates to all employees.

Sessions with the CEO

On a frequent basis, our CEO invites a small rotating group of employees to an informal virtual meeting. An update is provided on business initiatives and projects, and employees have a direct opportunity to engage with, and ask questions of, our CEO.

INVESTING IN HEALTH AND WELLNESS

Denbury believes that promoting health and wellness among our employees and their families is critical to our success and necessary as part of our commitment to our employees. Our focus on the health and wellness of our employees goes beyond compliance with occupational health and safety regulations.

Wellness Program

Vitality

Denbury’s wellness program serves to encourage, educate and empower employees to take action toward improving and maintaining their health and well-being. Denbury provides its employees the opportunity to participate in “Vitality.” Vitality is an interactive and personalized wellness program that helps employees meet their wellness goals, such as losing weight, quitting smoking, becoming more active, improving diets and maintaining a healthy lifestyle.

Wellness Screening

Wellness Screening

Wellness screenings are offered to all employees and their spouses. In 2019, Denbury offered on-site wellness screenings in the Plano and field locations. Preventive care is covered 100% under the Denbury health plan for enrolled employees and their dependents. In addition, flu shots are offered on-site and free of charge to employees and their dependents (spouse and children).

Advocacy Care

Through Advocacy Care, employees have unlimited confidential access to personal health advocates who can answer questions and help get them the right care on a wide range of issues such as: supporting medical issues, from common to complex, answering questions about diagnoses and treatments, researching the latest treatment options, finding the right in-network doctors and making appointments, researching and arranging expert second opinions, resolving insurance claims and billing issues, providing confidential help with personal issues, and finding local services.

Employee Assistance Program

Through Denbury’s Employee Assistance Program, employees can get help with matters such as balancing work and family, staying healthy, finding legal help, locating child care and handling finances.

Employee Emergency Fund

In response to the Hurricane Harvey disaster in 2017 which impacted some Denbury employees and their families, Denbury set up the Employee Emergency Fund. The program is intended to provide financial assistance to employees affected by catastrophic events or natural disasters. The fund is made up of contributions from employees which can be collected by items sold, fundraisers, or straight donations. Our employees have made contributions to the Employee Emergency Fund with proceeds from the sale of excess office furniture, art, laptops, t-shirts, and making monetary donations to help fellow employees in need. Since its creation, the Employee Emergency Fund has assisted employees in need as a result of: the Hurricane Harvey disaster, unexpected funeral arrangements, medical expenses, and flooded homes.

Since the fund’s inception, Denbury and our employees have raised over $47,200 to help fellow employees impacted by catastrophic events or natural disasters.

Hurricane Harvey Relief
Hurricane Harvey Relief

A GREAT PLACE TO WORK

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Employee
Well-being

Denbury has a long-standing tradition of offering exceptional benefits to its employees. These benefits are designed to help us attract and retain talented employees by creating a great working environment for our employees. We have been working hard to manage costs and have taken a close look to determine the employee benefits that provide the most value to our employees. We have changed many practices, events and benefits during the last few years in order to be as cost-conscious as possible while still providing the great working environment that is a foundation of Denbury.

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Competitive Compensation

Denbury closely monitors industry and geographical compensation information to ensure that its employees are being paid fairly and competitively.

Flexible Work Schedule

Denbury offers flexible work schedules including flexible workday start and end times and a 9/80 compressed work schedule for eligible employees at the Company’s headquarters. Additionally, eligible employees have the option of working remotely on Mondays and Fridays. Denbury also offers generous sick and vacation leave to eligible employees.

Medical Benefits

Denbury provides its employees with multiple low-cost medical, dental and vision coverage options so each employee can participate in a plan that is appropriate for the needs of their family.

401(k)

Denbury matches 100% of the first 6% of each employee’s pay contributed by the employee to their 401(k) plan. Annually, our 401(k) vendor provides educational sessions throughout the country discussing marketplace conditions, retirement planning and investment options.

Life Insurance

We want to provide for our employees and their families in the event of a death or serious injury. Denbury provides employees with basic life and accidental death and disability insurance at no cost to the employee. We also offer additional life insurance at a modest cost.

Disability

Denbury’s disability program protects our employees financially if they are unable to work as a result of an illness or injury. Denbury provides short-term and long-term disability coverage at no cost to the employee.

Scholarship Program

Denbury employees, their children, and/or their dependents may be eligible to apply for scholarships of up to $5,000 per student per year to be used for undergraduate studies. The program is funded by Denbury’s CEO, Chris Kendall, and his wife, Eileen Kendall.

Matching Gift Program

Under Denbury’s matching gifts program, we match, dollar-for-dollar, up to $500 donated by an employee to any eligible charitable organization.

Denbury Events

Denbury sponsors and hosts many events for its employees and their families. These events create an employee-focused and family-oriented environment.

Denbury Event

Red Balloon Run and Ride
In 2019, Denbury sponsored Children’s Hospital’s Red Balloon Run and Ride by having a tent at the event, where Denbury volunteers served dipped bananas to participants.

Denbury Event

Summer Intern Field Trip
Denbury summer interns took a field trip to our Hastings and Conroe fields.

Denbury Event

Walk to End Alzheimer’s
Denbury employees participated in the 2019 Grandscape Walk to End Alzheimer’s in The Colony, Texas. Denbury families were invited to walk together in support of the cause.

Denbury Event

Hallway Golf
In August 2019, Denbury hosted the 2nd annual Hallway Golf Tournament to raise funds and awareness for the Dallas Heart Walk. Various departments at Denbury participated in a competition to build the best mini golf course hole. All proceeds were donated to the American Heart Association.

Denbury Event

Trick or Treat Event
In October 2019, Denbury hosted a Trick or Treat event full of Halloween activities for Denbury families at our headquarters in Plano, Texas.

Denbury Event

Susan G. Koman 3-Day
In November 2019, Denbury employees participated in the Susan G. Komen 3-Day challenge in honor of a fellow employee who passed away recently from breast cancer. Denbury also held a bake sale to raise money for the cause.

Denbury Event

Appreciation Party
In January 2020, employees gathered at Denbury’s headquarters in Plano, Texas for an appreciation party to honor and thank retiring employees.

Denbury Event

Dallas Heart Walk
In September 2020, Denbury employees and their families participated in the American Heart Association’s virtual Dallas Heart Walk to help fight our nation’s No. 1 and No. 5 killers—heart disease and stroke.

Denbury Event

Open House
In October 2020, employees attended a socially distanced Open House to see Denbury’s new headquarters in Plano, Texas.

HUMAN RIGHTS

Our Company is committed to human rights in the workplace. This commitment includes respecting the dignity and worth of all individuals, encouraging all individuals to reach their full potential, encouraging the initiative of each employee, and providing equal opportunity for development to all employees.

Specifically, Denbury recognizes our responsibility with regards to:

  • Workplace health and safety
  • The prohibition of forced and child labor
  • A workplace free from harassment or any form of discrimination
  • Freedom of association
  • Complying with all laws regarding hours and wages
  • Employee privacy

Denbury respects international human rights principles and our commitments to human rights are guided by the United National Global Compact and the International Labor Organization’s Declaration of Fundamental Principles and Rights at Work.

Our Code of Conduct and Human Rights Policy require employees to report any suspected human rights abuses.

Denbury’s Human Rights Policy is available on our website at www.denbury.com under “Responsibility” link.


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