Radical Transparency: A New Era of Responsible Domestic Energy Development
In late 2023, CNX unveiled a first-of-its-kind collaboration on environmental monitoring, data collection, and real-time disclosures with Pennsylvania’s Governor Josh Shapiro and the Pennsylvania Department of Environmental Protection (“PA DEP”). We call this effort Radical Transparency.
Radical Transparency means CNX will monitor air and water quality for operations across our footprint and open source this data in real-time via a public website. Additionally, CNX will publicly disclose all chemicals intended to be used for drilling and hydraulic fracturing before they are used, with no trade secrets. These disclosures create a mutual trust that will serve as the basis for future cooperation and real environmental and economic progress. The air quality data is collected by an accredited third party and shared with the PA DEP and with CNX at the same time, this provides further transparency and confidence to the public in its reliability. The data will facilitate informed policies and regulations by PA DEP and provide CNX with unimpeachable facts to advocate for our company and industry.
This unprecedented brand of transparency is good for resident and worker health, for economic development, for energy security, for the environment, and for community investment. Through our Radical Transparency program, we aim to lead the industry to a new era of responsible domestic energy development.
Nick Deiuliis, CNX Resources Corporation former President and CEO speaks to the press. Governor Josh Shapiro and CNX Resources Corporation (NYSE: CNX) former President and CEO Nick Deiuliis announced a historic commitment that will further heighten the company’s operational disclosures in collaboration with state environmental regulators and the public, furthering a promise Governor Shapiro made as Attorney General to advance commonsense measures that prioritize public health and safety and ensure the natural gas industry is performing its work in line with the highest standards. NOVEMBER 02, 2023 – CLAYSVILLE, PA
Stakeholder Engagement
Successful engagement starts with understanding how we can better collaborate with our stakeholders through transparency, dialogue, and active listening. We work together with our stakeholders to solve community issues, promote economic opportunities, and build relationships to help our region thrive.
Quarterly earnings letter and annual meeting of shareholders
Ongoing
Industry/Trade Associations
Meetings and networking events
Trade association participation
As Needed
School Districts/Vocational Schools
Meetings with school superintendents and principals to discuss opportunities with the Mentorship Academy
Career fairs
Ongoing
Academic
Marietta College
West Virginia University
Community College of Allegheny County
Slippery Rock University
Texas A&M University
University of Pittsburgh
Duquesne University
Ongoing
We have previously listed news media and industry analysts as key stakeholder groups. However, as CNX continues to evolve and develop company platforms and brand journalism channels to illustrate the company’s corporate strategy and results thoroughly and transparently, third party analysis and coverage, which are often inaccurate or biased, have become obsolete.
About our ESG reporting
Our reporting was prepared following the recommendations from the Oil and Gas metrics from the Sustainability Accounting Standards Board (SASB), and the Global Reporting Initiative (GRI) Standards. CNX also references the IPIECA Sustainability Reporting Guidance for the Oil and Gas Industry to inform our reporting, and other key external governance, social, and environmental metrics and topics important to our stakeholders and community. Transparency is vital to CNX, our Sustainable Business Model, and our stakeholders. CNX has consistently increased participation in voluntary disclosures in recent years, including our Radical Transparency program, and we will continue to share key metrics in this report and other public disclosures.
Verification and Audit
CNX obtained limited assurance from Keramida, Inc., a WBE-certified global sustainability and EHS services firm, for certain ESG data presented on this website and the ESG Performance Scorecard—specifically Scope 1 and Scope 2 greenhouse gas emissions, air emissions, water, and waste data. CNX’s Internal Audit & Advisory Services team performed a review and provided limited assurance for all other data presented in the ESG Performance Scorecard. Note that certain financial data included in the scorecard is also subject to internal control procedures that are required for the Sarbanes-Oxley Act Section 302 certifications included in our SEC filings.
Material topics
CNX evaluates the materiality of ESG matters against two criteria: potential impact to our business and importance to our stakeholders. Our ESG assessment helps shape our ESG strategy, Enterprise Risk Management process, and reporting focus. This assessment will be updated as new developments arise that have the potential to impact our assessment of ESG materiality.
This unprecedented brand of transparency is good for resident and worker health, for economic development, for energy security, for the environment, and for community investment. Through our Radical Transparency program, we aim to lead the industry to a new era of responsible domestic energy development.