Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment, Sustainability and Social Governance (ESG)

Governance Achievements

• Established an Environment, Sustainability and Social Governance (ESG) Committee in April 2020.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Greenhouse gas intensity among the lowest in the industry
• Methane leak loss rate of 0.017% in 2019 (significantly below industry targets)
• Targeting 100% reduction in pipeline pigging emissions by 2025

Social Achievements

• Published first-ever Corporate Sustainability Report
• Implemented protocols to protect worker health and safety during COVID-19 pandemic

Governance Achievements

• Established an Environmental, Sustainability, and Social Governance (ESG) Committee of the Board of Directors

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic

Mitigation Strategies

• Continued operations as an essential business, implementing protocols to reduce risk of outbreak and enabling remote work for non-field employees

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Change
• Greenhouse Gas Emissions
• Water Management
• Waste Management
• Safety
• Diversity & Inclusion

Environmental Achievements

• Methane leak loss rate of 0.015% in 2020 (well below the OneFuture voluntary industry target of 1%).
• Installed pigging blowdown capture systems at three locations.
• Commenced field pilot test to reduce emissions while increasing horsepower.
• Installed continuous monitoring technology over a tank farm to identify and correct leaks.

Social Achievements

• Established an ESG Advisory Council.
• Implemented significant changes to protect employee health and safety during the COVID-19 pandemic (work from home, weekly testing, etc.).
• Commitment to building a culture where diversity and inclusion are core philosophies.
• Robust performance evaluation program, including tools to facilitate goals and career progression.
• Zero incidents and zero injuries safety goal.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Customer concentration (substantially all revenue from Antero Resources).
• Commodity price volatility.
• Increasing attention to ESG matters and conservation measures.
• Operational hazards and risks.
• Pandemic risks.
• Cybersecurity threats.
• Climate change related risks (physical and transition risks, litigation, access to capital).
• Compliance with complex and stringent federal, state, and local laws and regulations.

Mitigation Strategies

• Long-term, fixed-fee contracts with Antero Resources.
• Just-in-time capital budgeting approach.
• Continuous improvement and responsible stewardship culture.
• Insurance policies.
• COVID-19 safety protocols.
• Security measures to prevent cyberattacks.
• GHG/methane emission reduction efforts (e.g., leak detection and repair, pigging blowdown capture systems).
• Regular review of existing and proposed pipeline safety requirements.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Changes in meteorological and hydrological patterns
• Water use curtailments

Transition Risks

• Regulatory changes
• Market shifts
• Reduced funding from financial institutions
• Increased litigation risks

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Human Capital Management
• Community Engagement
• Diversity
• Governance
• Environment and Safety

Environmental Achievements

• Reduced workforce total recordable incident rate (TRIR) by approximately 59% from the prior year
• 87% total produced water reused or recycled
• One of the lowest methane leak loss rate of 0.031%
• 7,268 health and safety training hours completed by employees
• 100% reduction in pipeline emissions by 2025 goal announced
• Net Zero Scope 1 and Scope 2 emissions by 2050 goal announced
• Developed an emissions displacement technology to eliminate GHG emissions from pigging terminals
• Very low lost time incident rate of 0.000% and recordable incident rate of 0.177% for employees and contractors in 2022

Social Achievements

• Improved community infrastructure in West Virginia and Ohio through nearly $300 million in improved road and infrastructure upgrades since 2014
• $147,000 donated in grant funding from the Antero Foundation to nearly 50 regional food pantries across West Virginia and Ohio
• Employer matching campaign established to assist Colorado communities affected by the Marshall fires
• Over $2.5MM donated in the last five years to philanthropic and community endeavors
• Meaningful employment opportunities provided in the Appalachian Region
• Funds and equipment donated to healthcare providers in response to the COVID-19 pandemic
• Annual, company-wide ethics and compliance training program conducted
• Adherence to internal policies including Supplier Code of Conduct and Human, Labor and Indigenous Rights Policy
• In 2022, over one-third of our newly hired employees at Antero Midstream and Antero Resources identified as diverse.

Governance Achievements

• 7 of 9 directors are independent
• Independent lead director
• Each Board committee is chaired by an independent director
• Each Board committee is comprised entirely of independent directors
• 15% of executive compensation tied to ESG performance
• 100% of employees completed training for Human, Labor and Indigenous Rights Policy, Diversity and Inclusion Policy and Supplier Code of Conduct
• Proactive engagement with stockholders and other stakeholders on ESG programs and performance
• Established an ESG Committee and an ESG Advisory Council

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Emissions displacement technology

Awards & Recognition

• #1 gathering and processing MLP in Wells Fargo’s Midstream ESG Scorecard
• One of America’s Most Sustainable Companies by JustCapital
• #35 on Investors Business Daily’s List of 2022 Best ESG Companies

Environmental Metrics

ESG Focus Areas

• Emissions reduction
• Local economic impacts
• Water recycling
• Safety

Environmental Achievements

• Increased water recycling rate

Social Achievements

• Significant local economic impacts

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed