CNX Resources Corporation
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Corporate Governance
- Social Responsibility
- Environmental Stewardship
Environmental Achievements
- Reduced operational methane intensity by 32% in production and 52% in gathering and boosting segments between 2020 and 2022.
- Reduced CO2e emissions by approximately 83,000 tons in 2022.
- Allocated $7MM of 2023 capital to methane reduction efforts, expecting an annualized methane reduction of 70,000 tons CO2e by the end of 2023.
Social Achievements
- CNX Foundation contributed $3.38 million to 55 organizations in 2022.
- CNX Mentorship Academy grew from 30 to 63 student participants.
- CNX IMPACT initiative resulted in over 650 volunteer hours and significant food donations.
Governance Achievements
- Appointed Robert Agbede to the Board in January 2022.
- Appointed Hayley Scott as Chief Risk Officer in January 2022.
- Promoted Navneet Behl to Chief Operating Officer in November 2022.
- Increased director and named executive officer ownership stake to over 3.7% of outstanding shares.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Reduce Scope 1 and 2 CO2e emissions by 200,000 metric tons by 2025.
Short-term Goals:
- Reduce methane intensity to below 0.020% in production and gathering/boosting segments by 2024.
Environmental Challenges
- Meeting methane emission intensity reduction targets.
- Achieving OSHA safety and NOV rate targets.
Mitigation Strategies
- Investing in emissions reduction technologies.
- Implementing continuous monitoring options for fugitive methane emissions.
- Linking executive compensation to methane emission reduction targets.
- Establishing a Regulatory Reporting Group.
- Using an electric frac fleet.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Target the purchase of services and materials from providers that maintain a 90% local resident employee base, dedicate 40% of small business spend to local companies, and commit to 6% DBE spend and 7% DBE representation on the vendor list.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Development of energy-efficient products and low-carbon alternate transport fuel hub opportunities.
Reporting Standards
Frameworks Used: TCFD, SASB, GRI
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Company of the Year by the Women’s Energy Network of Greater Pittsburgh
- Charles C. Keller Award for Excellence in Corporate Philanthropy