Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Environmental Stewardship
• Social Responsibility
• Economic Impact

Environmental Achievements

• Reduced total estimated EPA reportable GHG emissions through various initiatives in production, midstream, and distribution operations.
• Reused 16.9 million gallons of flowback water in Marcellus operations.
• Reduced annual CO2 emissions by 378.6 tons from vehicle fleet improvements.

Social Achievements

• Lost time accident rate significantly below industry average for the fifth consecutive year.
• Preventable vehicle accident rate less than 1.0 for the third consecutive year.
• Days Away, Restricted or Transferred (DART) rate lower than in 2010.

Governance Achievements

• First energy company to utilize GRI’s new Oil and Gas Sector Supplement (OGSS) requirements.
• Received recognition as the 2011 Corporation of the Year and other awards.

Climate Goals & Targets

Environmental Challenges

• Concerns about the processes used to extract natural gas and their potential impacts on the environment.
• Managing the impacts of operations on safety, environmental, ethical, and social performance.

Mitigation Strategies

• Implementation of Marcellus Operations Guiding Principles.
• Stringent spill prevention and control countermeasure plans.
• Greenhouse gas management program.
• Voluntary disclosure of hydraulic fracturing fluid content.
• Community outreach and engagement initiatives.

Supply Chain Management

Responsible Procurement

• Utilizing national and regional councils to identify local bidders.
• Contracting with local suppliers where possible.
• Emphasis on safety, value, price, quality, and delivery.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G3.1, GRI Oil and Gas Sector Supplement (OGSS)

Awards & Recognition

• 2011 Corporation of the Year
• 2011 Natural Gas Vehicle (NGV) Achievement Award
• 2010 West Virginia Office of Oil and Gas Reclamation Award

Environmental Metrics

ESG Focus Areas

• Safety
• Environmental Stewardship
• Social Responsibility
• Economic Impact

Environmental Achievements

• Recycled 740,947 m³ of wastewater from flowback water, filtered drilling water, and produced water (32% of total water withdrawn)
• Reduced greenhouse gas emissions by 2,694,927 metric tons CO2e across business units
• Successfully piloted natural gas-powered drill rigs, emitting 20-30% less carbon dioxide than diesel counterparts
• Increased CNG vehicle use in fleet from 0.1% to 2.0%, reducing CO2 emissions by 4.8%

Social Achievements

• Launched "Take Charge" employee wellness program offering health coaching and counseling services
• Developed Employee Resource Groups (ERGs) to promote diversity and inclusion
• Community investments totaled more than $4.9 million, including grants from the EQT Foundation and contributions to local charities

Governance Achievements

• Developed a comprehensive new Environment, Health and Safety (EHS) Policy
• Public Policy and Corporate Responsibility Committee (PPCR) oversees compliance with laws and regulations related to sustainability matters

Climate Goals & Targets

Environmental Challenges

• Concerns about natural gas extraction processes and their environmental impacts
• Balancing the obligation to serve utility customers with efforts to reduce long-term dependency on Equitable Gas

Mitigation Strategies

• Proactive safeguards and risk assessment to respond effectively to unexpected events
• Transparency in operations, including voluntary disclosure of hydraulic fracturing fluid content
• Ongoing dialogue with stakeholders to address concerns and inform them of activities
• Community advisors to build relationships and identify concerns

Supply Chain Management

Responsible Procurement

• Emphasis on local suppliers (49% of procurement budget in 2012)
• Safety requirements for all suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G3.1 Guidelines with Oil and Gas Sector Supplement

Third-party Assurance: Self-assessment

Awards & Recognition

• Top Workplaces in Pittsburgh - 2012

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Indirect Economic Impacts
• Procurement Practices
• Reserves
• Water
• Emissions
• Effluents and Waste
• Compliance
• Transport
• Employment
• Labor/Management Relations
• Occupational Health and Safety
• Training and Education
• Diversity and Equal Opportunity
• Local Communities
• Anti-corruption
• Public Policy
• Anti-competitive Behavior

Environmental Achievements

• Reduced NOx and particulate matter emissions by substituting natural gas for diesel in drilling rig and fracturing engines
• Converted from diesel to natural gas fuel in EQT’s vehicle fleet
• Reused 6.6 million barrels of flowback water, drill pit liquids, and production fluids from its Marcellus and Utica drilling operations
• Nearly 100% of completed EQT wells utilized “green completions” in 2014

Social Achievements

• EQT employees’ rating of the Company’s safety culture scored in the top 10% of the 820 companies within the NSC database
• In 2014, EQT and the EQT Foundation invested more than $5.1 million in charitable giving to local communities
• 88% of the total procurement budget was spent with suppliers located within the Company’s six-state operating footprint

Governance Achievements

• Established anti-corruption training for all employees
• All employees annually certify their understanding of and compliance with the Codes of Business Conduct and Ethics and related policies

Climate Goals & Targets

Environmental Challenges

• Maintaining regulatory compliance with respect to environmental laws and regulations
• Managing greenhouse gas emissions in the absence of country or regional limiting regulations
• Addressing community concerns about increased truck traffic near the Company’s job sites
• Attracting and retaining talent required for its operations

Mitigation Strategies

• Actively working to maintain compliance with respect to the environmental laws and regulations of the United States
• Pursuing continuous improvement in identified areas that provide the most opportunities for GHG reductions
• Implementing a program designed to curtail truck traffic along school bus routes
• Continuously reviewing and evaluating its hiring, employment, and compensation practices

Supply Chain Management

Supplier Audits: Vendor audits completed for those companies identified in EQT’s most recent fraud risk assessment as having higher-risk profiles.

Responsible Procurement

• Consistent application of the Codes of Business Conduct to the Company’s supply chain
• Suppliers’ utilization of electronic invoicing
• Ongoing dialogue with suppliers regarding negative impact or perception

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI 4.0, GRI G4.0 OGSS

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 2014 Eastern Minority Supplier Development Council’s Corporation of the Year Award
• Corporate Advocate of the Year Award
• Harold T. Bushey Award
• Corporate Volunteer of the Year Award
• Economic Impact Award
• Shining Star Award from the Women’s Business Enterprise Council

Environmental Metrics

ESG Focus Areas

• Water
• Energy & GHG Emissions
• Biodiversity & Ecosystem Health
• Effluents & Waste
• Air Quality
• Local Communities
• Public Safety & Emergency Preparedness
• Occupational Health & Safety
• Attraction & Retention
• Indirect Economic Impacts
• Climate Strategy
• Technological Innovation
• Political Involvement & Public Policy

Environmental Achievements

• Utilized 72% recycled water for completion operations in 2017
• More than 90% of all leaks detected in production operations were repaired immediately in 2017
• Used optical gas imaging (OGI) to monitor for leaks at more than 30% of compressor stations and dehydration facilities and 65% of unconventional wellpads in 2017

Social Achievements

• Contributed more than $12 million to communities in 2017
• Supported approximately 39,000 ancillary jobs across operations in 2017 (a 20% increase over 2016)

Governance Achievements

• Joined the ONE Future Coalition in 2018 to reduce methane emissions

Climate Goals & Targets

Environmental Challenges

• Reducing energy consumption and GHG emissions from facilities, transportation, and operations
• Minimizing impact on biodiversity and ecosystems
• Managing wastewater and solid waste from drilling
• Maintaining air quality compliance
• Ensuring public safety and emergency preparedness

Mitigation Strategies

• Investing in new technologies and leveraging industry best practices for water management
• Assessing and monitoring 100% of business segment operations for biodiversity risks
• Identifying safe waste disposal methods
• Monitoring operational air emissions and striving for 100% facility compliance
• Implementing safety awareness and emergency response protocols

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards – Core option

Environmental Metrics

ESG Focus Areas

• Climate Change
• Operational GHG Emissions
• Water Management
• Biodiversity and Land Impacts
• Air Quality
• Workforce Health and Safety
• Talent Attraction and Retention
• Economic and Societal Impact
• Ethics and Integrity
• Public Policy and Perception

Environmental Achievements

• Reduced in-scope net zero target emissions to 280,824 MT CO2e (35% reduction compared to 2022, 67% reduction since mid-2019)
• Reduced EQT Production segment Scope 1 GHG emissions intensity to 152 MT CO2e/Bcfe (approximately 35% reduction compared to 2022)
• Achieved company-wide Production segment Scope 1 methane emissions intensity of 0.0074% (significantly surpassing 2025 target)
• Recycled 96% of produced water
• Entered into a public-private forest management partnership with West Virginia
• Helped establish the Appalachian Methane Initiative

Social Achievements

• EQT employees volunteered over 16,100 hours in local communities
• Invested over $56 million in local communities
• Contributed $750 to each employee’s Health Savings Account
• Launched inaugural Disability Mentoring Day
• Named a National Top Workplace by Energage and one of Pittsburgh’s Top Workplaces

Governance Achievements

• Became the first independent, domestic operator to sign the Oil and Gas Decarbonization Charter
• Included environmental and safety performance measures in incentive compensation programs
• Leveraged digital tools to measure and analyze nearly 400 ESG metrics

Climate Goals & Targets

Environmental Challenges

• Increased frequency and severity of adverse weather events impacting operations
• Changes to climate-focused laws and regulations potentially increasing costs or prohibiting operations
• Decreased demand for natural gas due to changing consumer tastes
• Restricted access to capital funds if climate change strategy is not effectively articulated and executed
• Potential for groundwater impacts from hydraulic fracturing

Mitigation Strategies

• Developed and implemented a comprehensive climate change strategy encompassing Evolve, Growth, and New Ventures
• Aggressively reduced GHG emissions through various initiatives (e.g., pneumatic device replacement, electric frac fleets)
• Implemented robust water management practices, including recycling and pipeline infrastructure development
• Conducted biodiversity risk assessments and implemented mitigation measures
• Used triple casing and cementing to seal and isolate freshwater zones during hydraulic fracturing
• Proactive engagement with stakeholders to address concerns and build trust

Supply Chain Management

Supplier Audits: 55 audits performed in 2023 to verify contractor and employee compliance with safety standards

Responsible Procurement

• Supplier diversity goals integrated into procurement practices
• Meetings with top vendors to promote diverse subcontracting
• Requirement for contractors to be ISN members and use ISN platform for safety data

Climate-Related Risks & Opportunities

Physical Risks

• Increased frequency and severity of adverse weather events

Transition Risks

• Changes to climate-focused laws and regulations
• Decreased demand for natural gas
• Restricted access to capital

Opportunities

• Development of energy-efficient products and services
• Growth of differentiated gas market
• Carbon sequestration initiatives

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, AXPC

Certifications: Equitable Origin EO100™ Standard, MiQ methane standard, OGMP 2.0 Gold Standard

UN Sustainable Development Goals

• Not disclosed

Sustainable Products & Innovation

• Verified, lower-carbon intensity natural gas products
• Land-based carbon credits

Awards & Recognition

• First place Oil and Gas Reclamation Award from West Virginia Department of Environmental Protection
• OGMP 2.0 Gold Standard rating