CNX Releases Updated 2024 Corporate Sustainability Report, Announces Shift to Industry-Leading ESG Reporting
PITTSBURGH, May 14, 2025 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) today announced the release of its updated Corporate Sustainability Report featuring data for 2024. Additionally, continuing the Company's unprecedented brand of transparency and in a move further differentiating CNX's environmental performance and disclosures, the Company also announced that it will no longer issue a static annual report. Instead, CNX will update its website continuously and its ESG Performance Scorecard data on a quarterly basis. Upcoming quarterly updates will provide stakeholders with fresh data in a more real-time manner on critical environmental, social, and governance (ESG) topics.
'While most companies issue sustainability reports just once a year and move on, having checked the annual box, CNX believes that this information should be provided on a more real-time and transparent basis in keeping with our Radical Transparency philosophy. We also believe that ESG metrics should be treated with the same rigor and frequency as financial data,' CNX Chief Financial Officer Alan Shepard said. 'By making these changes, CNX is empowering shareholders and the communities where it operates with the ability to better track progress and hold the company accountable in real time. Providing access to a dynamic ESG disclosure process underscores CNX's dedication to continuous improvement and Radical Transparency across our business.'
CNX's reporting is prepared following the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) standards, and integrates ESG priorities into its unique Appalachia First strategic vision. Highlights for 2024 include:
Environmental Stewardship: CNX's efforts to protect and improve the environment are revolutionary and unmatched:
Community and Workforce: Tangible and Local Investments – CNX has a unique commitment to local communities. CNX employees roll up their sleeves and tackle the toughest of issues:
'CNX is defined by a commitment to transparency and a Tangible, Impactful, Local approach to our sustainable business model,' CNX Senior Vice President of Compliance and Reporting Hayley Scott said. 'By now providing real-time updates to our comprehensive website and quarterly ESG Performance Scorecard, we are delivering insights to our communities, employees, owners, and all stakeholders about the way that we responsibly operate our business and invest in our communities on a day-to-day basis.'
CNX's ESG Performance Scorecard has limited assurance procedures performed by Keramida, Inc., a WBE-certified global sustainability and EHS services firm, for 2024 and 2023 Scope 1 and 2 GHG emissions, air emissions, water, and waste data, while CNX's Internal Audit team has reviewed additional ESG performance metrics, ensuring data integrity.
The next quarterly ESG Performance Scorecard update is anticipated for release in August, which will follow the company's release of its financial and operational results for the second quarter of 2025.
CNX remains committed to leading the industry with Tangible, Impactful, and Locally focused initiatives, and this new reporting cadence reinforces that commitment through unmatched transparency and accountability.
About CNX Resources Corporation
CNX Resources Corporation (NYSE: CNX) is unique. We are a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, one of the most energy abundant regions in the world. With the benefit of a 161-year regional legacy, substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies, we responsibly develop our resources and deploy free cash flow to create long-term per share value for our shareholders, employees, and the communities where we operate. As of December 31, 2024, CNX had 8.54 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information is available at www.cnx.com.
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SOURCE CNX Resources Corporation
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