Latest news with #CorporateSustainabilityReport
Yahoo
23-05-2025
- Business
- Yahoo
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: Radical Transparency – Creating Mutual Trust through Facts and Data: As CNX's novel Radical Transparency program advances across operating areas, results from continuous monitoring by Clean Air Engineering demonstrate CNX site-level emissions are far below nationally-designated air quality standards. Importantly, no sustained levels of asthma-inducing PM2.5 or cancer-causing BTEX have been observed during any phase of development. Within the first year of the Radical Transparency program, hundreds of thousands of datapoints were collected, simultaneously reported to the Pennsylvania Department of Environmental Protection (PADEP) and transparently posted on the CNX website. The number of sites equipped with monitoring equipment continues to grow, with active and archived sites contributing to the real-time feed of air data, in addition to water and chemical data. Bold Greenhouse Gas Reductions: Appalachian natural gas boasts the nation's lowest methane intensity of all producing regions, and CNX takes these qualities to the next level through its Emission Reduction Task Force that is continuously innovating to further reduce emissions. CNX reduced methane intensity by nearly 30 percent in its production segment compared to 2023. With a parallel mission to reduce methane in its midstream segment, CNX invested $5 million into new technologies, including switching to electric-driven pumps at the Mamont Compressor Station in Westmoreland County, PA. Pioneering Waste Methane Capture: CNX captured approximately 9.1 million metric tons of waste methane CO₂e. Importantly, the U.S. Treasury recognized the value that captured waste coal mine methane presents as a feedstock for clean hydrogen production in their final tax credit rules (45V). CNX is encouraged by this milestone and remains committed to advocating for opportunities to fully realize the benefits this ultra-low-carbon-intensity fuel source can unlock in the Appalachian region and beyond. Innovation and Partnerships: Last year was another year of differentiation at CNX, advancing oilfield services solutions that provide cost, safety, and environmental efficiencies for the industry. CNX launched the AutoSepSM Technologies (AutoSep) joint venture with Deep Well Services (DWS), which introduced an automated flowback system for the completions process that leverages CNX's technical development capabilities with the service quality standard DWS also reached compressed natural gas (CNG) milestones during 2024, notably completing the first full year of deploying CNG-fueled water-hauling trucks in southwestern Pennsylvania with FORCE Environmental Solutions. By utilizing CNG, these trucks reduce emissions by 30 percent and related operating costs by 50 percent. Water Stewardship: CNX recycled and reused more produced water than it generated by consuming produced water from its peers, minimizing freshwater consumption. In 2024, CNX continued to upgrade and expand its water infrastructure—further reducing the need to transport water via truck in local communities and diversifying freshwater sources to lessen CNX's impact on local water resources. 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: Community Engagement – Transparency, Dialogue, and Active Listening: At its core, Radical Transparency is about open-sourcing environmental data. But Radical Transparency also encompasses CNX's openness with stakeholders and local communities, always welcoming questions and seeking feedback. Through a combination of data-driven efforts and community open houses for local residents to directly interact with CNX employees, CNX is learning more about its communities' needs and adapting operations to best fit each operating area's unique characteristics. Community Investments: In 2024, work in Westmoreland County and the Alle-Kiski Valley came into focus as activity shifted to that area. Importantly, the $20 million Kiski Water Line project was completed in June and is better serving CNX's local operations while delivering water resource options for area residents. The water line significantly reduces water trucking and subsequently community impact. The 20" line is expected to serve as the primary alternative to water purchased from the Municipal Authority of Westmoreland County (MAWC) during voluntary or mandatory water conservation this growing operational footprint, CNX opened an office in North Apollo, southern Armstrong County, providing access for residents, local businesses, and landowners to the CNX team. With the acquisition of Apex Energy's upstream and midstream assets, this office serves as a central location for new landowners, community members, and other stakeholders in what CNX refers to as its CPA operating to CNX's southern operating area, a new regional headquarters was established in Richlands, Virginia. Serving as the epicenter of CNX mine methane capture operations, the expanded presence enhances CNX's unique opportunities to help meet rapidly expanding energy demand, advance energy security, and create significant new investment and jobs in local communities. Words in Action: Since 2022, CNX's Board has approved an aggregate amount of $5.5 million reduction in CEO pay, including a $1.5 million reduction approved in 2025 to support the expansion of the efforts of the CNX Foundation and its flagship initiative, the CNX Mentorship Academy. Mentorship Academy: Student participation in the CNX Mentorship Academy—now entering its fifth year—increased 44 percent, with 122 students enrolled. The Mentorship Academy includes underserved students representing 28 schools/school districts. More than half of 2024 Mentorship Academy graduates secured full-time employment in a target industry, or a coveted paid internship exclusive to Mentorship Academy graduates in healthcare, building trades, corporate support, or the Short Service Employee Internship in Energy. CNX Foundation: In 2024, CNX Foundation contributed $3.7 million through 144 initiatives aligned with its Tangible, Impactful, Local focus on community support. These efforts are part of CNX's pledge to invest in local initiatives supporting underserved communities within its operational footprint. CNX Foundation principles are also embodied by employees, who volunteered over 3,500 hours in 2024. The Headquarters at CNX: In 2024, three new tenants joined the Headquarters at CNX, bringing capacity to 92 percent and providing workspace to 29 total tenants. The Headquarters at CNX provides world-class workspace at its corporate office to small businesses, including minority- and women-owned businesses, educational institutions, and non-profit organizations, emphasizing support for the same Tangible, Impactful, Local causes in which the CNX Foundation invests. "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 View original content to download multimedia: SOURCE CNX Resources Corporation Sign in to access your portfolio
Business Wire
20-05-2025
- Business
- Business Wire
COPT Defense Declares Second Quarter 2025 Common Dividend
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) ('COPT Defense' or the 'Company') announced today that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the second quarter ending June 30, 2025. The second quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on July 16, 2025, to shareholders of record on June 30, 2025. In addition, the Company announced the publishing of its eleventh annual Corporate Sustainability Report, along with its fourth annual Task Force on Climate-Related Financial Disclosures ('TCFD') Report. Both reports are available in the 'Sustainability' section of COPT Defense's Investor Relations website ( and as follows: 2025 Corporate Sustainability Report: 2025 TCFD Report: About COPT Defense COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government ('USG') defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. As of March 31, 2025, the Company's Defense/IT Portfolio of 198 properties, including 24 owned through unconsolidated joint ventures, encompassed 22.6 million square feet and was 96.6% leased. Forward-Looking Information This press release may contain 'forward-looking' statements, as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that are based on the Company's current expectations, estimates and projections about future events and financial trends affecting the Company. Forward-looking statements can be identified by the use of words such as 'may,' 'will,' 'should,' 'could,' 'believe,' 'anticipate,' 'expect,' 'estimate,' 'plan' or other comparable terminology. Forward-looking statements are inherently subject to risks and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Although the Company believes that the expectations, estimates and projections reflected in such forward-looking statements are based on reasonable assumptions at the time made, the Company can give no assurance that these expectations, estimates and projections will be achieved. Future events and actual results may differ materially from those discussed in the forward-looking statements and the Company undertakes no obligation to update or supplement any forward-looking statements. The areas of risk that may affect these expectations, estimates and projections include, but are not limited to, those risks described in Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Source: COPT Defense Properties
Yahoo
20-05-2025
- Business
- Yahoo
COPT Defense Declares Second Quarter 2025 Common Dividend
Publishes 2025 Corporate Sustainability Report and TCFD Report COLUMBIA, Md., May 20, 2025--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) ("COPT Defense" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the second quarter ending June 30, 2025. The second quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on July 16, 2025, to shareholders of record on June 30, 2025. In addition, the Company announced the publishing of its eleventh annual Corporate Sustainability Report, along with its fourth annual Task Force on Climate-Related Financial Disclosures ("TCFD") Report. Both reports are available in the 'Sustainability' section of COPT Defense's Investor Relations website ( and as follows: 2025 Corporate Sustainability Report: 2025 TCFD Report: About COPT Defense COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government ("USG") defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. As of March 31, 2025, the Company's Defense/IT Portfolio of 198 properties, including 24 owned through unconsolidated joint ventures, encompassed 22.6 million square feet and was 96.6% leased. Forward-Looking Information This press release may contain "forward-looking" statements, as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that are based on the Company's current expectations, estimates and projections about future events and financial trends affecting the Company. Forward-looking statements can be identified by the use of words such as "may," "will," "should," "could," "believe," "anticipate," "expect," "estimate," "plan" or other comparable terminology. Forward-looking statements are inherently subject to risks and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Although the Company believes that the expectations, estimates and projections reflected in such forward-looking statements are based on reasonable assumptions at the time made, the Company can give no assurance that these expectations, estimates and projections will be achieved. Future events and actual results may differ materially from those discussed in the forward-looking statements and the Company undertakes no obligation to update or supplement any forward-looking statements. The areas of risk that may affect these expectations, estimates and projections include, but are not limited to, those risks described in Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Source: COPT Defense Properties View source version on Contacts IR Contacts:Venkat Kommineni, Michelle Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
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: Radical Transparency – Creating Mutual Trust through Facts and Data: As CNX's novel Radical Transparency program advances across operating areas, results from continuous monitoring by Clean Air Engineering demonstrate CNX site-level emissions are far below nationally-designated air quality standards. Importantly, no sustained levels of asthma-inducing PM2.5 or cancer-causing BTEX have been observed during any phase of development. Within the first year of the Radical Transparency program, hundreds of thousands of datapoints were collected, simultaneously reported to the Pennsylvania Department of Environmental Protection (PADEP) and transparently posted on the CNX website. The number of sites equipped with monitoring equipment continues to grow, with active and archived sites contributing to the real-time feed of air data, in addition to water and chemical data. Bold Greenhouse Gas Reductions: Appalachian natural gas boasts the nation's lowest methane intensity of all producing regions, and CNX takes these qualities to the next level through its Emission Reduction Task Force that is continuously innovating to further reduce emissions. CNX reduced methane intensity by nearly 30 percent in its production segment compared to 2023. With a parallel mission to reduce methane in its midstream segment, CNX invested $5 million into new technologies, including switching to electric-driven pumps at the Mamont Compressor Station in Westmoreland County, PA. Pioneering Waste Methane Capture: CNX captured approximately 9.1 million metric tons of waste methane CO₂e. Importantly, the U.S. Treasury recognized the value that captured waste coal mine methane presents as a feedstock for clean hydrogen production in their final tax credit rules (45V). CNX is encouraged by this milestone and remains committed to advocating for opportunities to fully realize the benefits this ultra-low-carbon-intensity fuel source can unlock in the Appalachian region and beyond. Innovation and Partnerships: Last year was another year of differentiation at CNX, advancing oilfield services solutions that provide cost, safety, and environmental efficiencies for the industry. CNX launched the AutoSepSM Technologies (AutoSep) joint venture with Deep Well Services (DWS), which introduced an automated flowback system for the completions process that leverages CNX's technical development capabilities with the service quality standard DWS also reached compressed natural gas (CNG) milestones during 2024, notably completing the first full year of deploying CNG-fueled water-hauling trucks in southwestern Pennsylvania with FORCE Environmental Solutions. By utilizing CNG, these trucks reduce emissions by 30 percent and related operating costs by 50 percent. Water Stewardship: CNX recycled and reused more produced water than it generated by consuming produced water from its peers, minimizing freshwater consumption. In 2024, CNX continued to upgrade and expand its water infrastructure—further reducing the need to transport water via truck in local communities and diversifying freshwater sources to lessen CNX's impact on local water resources. 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: Community Engagement – Transparency, Dialogue, and Active Listening: At its core, Radical Transparency is about open-sourcing environmental data. But Radical Transparency also encompasses CNX's openness with stakeholders and local communities, always welcoming questions and seeking feedback. Through a combination of data-driven efforts and community open houses for local residents to directly interact with CNX employees, CNX is learning more about its communities' needs and adapting operations to best fit each operating area's unique characteristics. Community Investments: In 2024, work in Westmoreland County and the Alle-Kiski Valley came into focus as activity shifted to that area. Importantly, the $20 million Kiski Water Line project was completed in June and is better serving CNX's local operations while delivering water resource options for area residents. The water line significantly reduces water trucking and subsequently community impact. The 20" line is expected to serve as the primary alternative to water purchased from the Municipal Authority of Westmoreland County (MAWC) during voluntary or mandatory water conservation this growing operational footprint, CNX opened an office in North Apollo, southern Armstrong County, providing access for residents, local businesses, and landowners to the CNX team. With the acquisition of Apex Energy's upstream and midstream assets, this office serves as a central location for new landowners, community members, and other stakeholders in what CNX refers to as its CPA operating to CNX's southern operating area, a new regional headquarters was established in Richlands, Virginia. Serving as the epicenter of CNX mine methane capture operations, the expanded presence enhances CNX's unique opportunities to help meet rapidly expanding energy demand, advance energy security, and create significant new investment and jobs in local communities. Words in Action: Since 2022, CNX's Board has approved an aggregate amount of $5.5 million reduction in CEO pay, including a $1.5 million reduction approved in 2025 to support the expansion of the efforts of the CNX Foundation and its flagship initiative, the CNX Mentorship Academy. Mentorship Academy: Student participation in the CNX Mentorship Academy—now entering its fifth year—increased 44 percent, with 122 students enrolled. The Mentorship Academy includes underserved students representing 28 schools/school districts. More than half of 2024 Mentorship Academy graduates secured full-time employment in a target industry, or a coveted paid internship exclusive to Mentorship Academy graduates in healthcare, building trades, corporate support, or the Short Service Employee Internship in Energy. CNX Foundation: In 2024, CNX Foundation contributed $3.7 million through 144 initiatives aligned with its Tangible, Impactful, Local focus on community support. These efforts are part of CNX's pledge to invest in local initiatives supporting underserved communities within its operational footprint. CNX Foundation principles are also embodied by employees, who volunteered over 3,500 hours in 2024. The Headquarters at CNX: In 2024, three new tenants joined the Headquarters at CNX, bringing capacity to 92 percent and providing workspace to 29 total tenants. The Headquarters at CNX provides world-class workspace at its corporate office to small businesses, including minority- and women-owned businesses, educational institutions, and non-profit organizations, emphasizing support for the same Tangible, Impactful, Local causes in which the CNX Foundation invests. "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 View original content to download multimedia: SOURCE CNX Resources Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
30-04-2025
- Business
- Associated Press
Schrödinger Demonstrates Corporate Sustainability Progress in 2024 Report
Guided by its mission to improve human health and quality of life by transforming how therapeutics and materials are discovered, Schrödinger is dedicated to driving measurable impact through its Corporate Sustainability third annual Corporate Sustainability Report details the company's progress on its environmental, social, and governance (ESG) commitments and highlights its dedication to its VALUE² strategy, which is grounded in the principle of shared value:"When we add value to the world, we create value for our company, and when we build value for ourselves, we generate value for the world."Throughout 2024, Schrödinger made significant strides in its ESG initiatives, including: the achievement of LEED® green building certifications for key facilities; the continued development of innovative solutions in drug discovery and materials science; and the publication of critical policies to enhance transparency and governance.2024 Report HighlightsEnvironmental Social Governance Schrödinger's 2024 Corporate Sustainability Report references the Global Reporting Initiative Standards and the Sustainability Accounting Standards Board Biotechnology & Pharmaceuticals and Software & IT Services standards. Access the report here. Read More Visit 3BL Media to see more multimedia and stories from Alerts
