CNX Resources

CNX Resources is being recognized with a 2021 Energy ESG Top Performers Award in the public E&P category.

CNX Resources ESG

CNX was the first natural gas producer in Appalachia to employ an electric fracturing fleet, which virtually eliminates the need for diesel fuel and its associated emissions while also reducing the overall footprint and impact to local communities. (Source: CNX Resources)

Energy ESG Awards

Environmental accomplishments: 

CNX Resources is net carbon negative for Scope 1 and 2 emissions.

In 2021, CNX completed water line infrastructure enabling it to recycle 99% of produced water in its core operational area while eliminating more than 65,000 of water trucks from the road annually.

In 2020, CNX had zero hydrocarbon spills.

In 2018, CNX became the first operator in the Appalachian Basin to employ an electric frac fleet, which utilizes its natural gas from nearby wells to power its entire hydraulic fracturing fleet, virtually eliminating the need for diesel fuel and its lengthy supply chain. This also reduces noise levels and physical footprint while improving worker safety. CNX now uses electric fracking exclusively and has begun employing similar natural gas-to-electric power on its midstream compressor stations. CNX’s newest midstream station is powered entirely by natural gas converted to electricity on site.

CNX continually performs wildlife surveys and confers with environmental consultants to avoid wildlife disturbance. CNX funds conservation efforts and species research and monitoring to minimize impact to wildlife.

CNX Resources MOR West
(Source: CNX Resources)

Societal efforts: 

CNX supported many critical causes in 2020, including a direct response to the COVID-19 pandemic’s impact in its community. CNX donated $70,000 to offset the sudden increase in demand on food banks and senior service centers in its three primary counties of operation. Those funds also supported a technology grant so students who lacked computers and internet connectivity could avoid falling behind in school. Additionally, CNX employees donate more than 200 volunteer hours to help organizations that struggled to meet the surge in demand.

CNX continued its support of the UPMC Hillman Cancer Center with $50,000 in funding for 2020, bringing its six-year total to nearly $300,000.

CNX employees and contractors raised nearly $7,500 for families in need during the holidays, including support for the Greene County food bank. With the pandemic making fundraising events impossible, CNX staff helped the food bank host its first virtual food drive, raising more than $20,000 to secure its operational budget for first-half 2021.

CNX auctioned a house and surrounding acreage to raise more than $180,000 in support for the Washington County Community Foundation.

CNX continued to support the CNX Community Garden in partnership with the Western PA Conservancy through financial support and employee volunteers as it has for the last six years.

In early 2021, CNX announced a $30 million commitment to the local community over the next six years, focused on underserved populations and broadening the path to the middle class. Specifically, the funds will seek tangible, local impacts in the areas of food insecurity, health and wellness of children, the elderly, and individuals with disabilities, broadband and information technology access, criminal justice and recidivism reduction, domestic violence awareness and services, the opioid epidemic, career awareness and technical/vocational training and water quality safety.

CNX Resources helps Salvation Army

CNX Resources helps Salvation Army
In April 2020, as the COVID-19 pandemic continued to challenge the tri-state region and far beyond, CNX Resources Corp. responded by investing in its frontline field employees and the communities where it operates. CNX pledged its support to nonprofit groups in the region. The community response plan involved a $35,000 donation benefitting organizations including Washington County Food Bank; Westmoreland County Food Bank; Corner Cupboard Food Bank, Washington County; Community Foundation – Close to Home Disaster & Emergency Fund; The Salvation Army, Washington County; Domestic Violence Services of SWPA; and SWPA Area Agency on Aging. (Source: CNX Resources)

Governance achievements:

In 2020 CNX announced a seven-year financial guidance plan to provide ESG transparency. “To our knowledge, we are one of the few, if not the only, entity in the natural gas/midstream space to issue such long-term financial guidance,” the company stated.

In 2020, CNX also expanded its board of directors committees to include ESG matters with the newly formed Environmental, Safety and Corporate Responsibility Committee. Every board member participates in this committee. Furthermore, executive compensation is tied directly to ESG performance.