PITTSBURGH, Oct. 21, 2020 /PRNewswire/ -- EQT Corporation (EQT or the Company) (NYSE: EQT) today announced the release of its Environmental, Social and Governance (ESG) Report, which outlines 2019 operational data and EQT's initiatives and strategies implemented to continuously improve the way it produces environmentally responsible, reliable, low-cost energy. The report details EQT's journey to transform into a modern, digitally-enabled organization, highlights EQT's refreshed strategic initiatives and recent accomplishments within the three ESG pillars, and emphasizes EQT's renewed commitment to all stakeholders.
"EQT is uniquely positioned to continue to build upon its already industry-leading performance and demonstrate the true benefits of natural gas as we move into the future. As highlighted in the report, EQT had the second lowest upstream emissions intensity among global and domestic energy companies reviewed by Enverus1, and the Marcellus Shale accounted for 16% of energy produced, but only 4% of total U.S. onshore emissions. These results highlight the criticality of natural gas ? and in particular regional natural gas ? in meeting the energy needs of the future," said Toby Z. Rice, President and Chief Executive Officer of EQT Corporation.
Rice continued, "Our efforts over the past 15 months have been about retooling a 130-year old company to become a leader in all aspects of our operations, including on the environmental, social and governance fronts. Our report provides a detailed framework on how we think about our business, and how all of the pieces ? from how we manage human capital to how we empower our employees with technological capital ? are aligned to execute a cohesive operational, corporate and ESG strategy that drives sustainable, long-term value creation. Some of the key highlights of our efforts are noted below. What excites me most is that the results we are reporting today are only just the beginning, and the baseline of what is possible has yet to be established.
"Our alignment with stakeholders is critical in crafting the EQT needed to support the continuation of the environmental, economic and social benefits of natural gas. At EQT, we believe that engagement, transparency and accountability are the cornerstones of establishing that alignment, and I look forward to our collective journey into the future."
The 2019 report theme, Future Focused, demonstrates EQT's commitment to continued evolution, with the goal of becoming the operator of choice for all stakeholders.
Highlights of EQT's 2019 ESG Report include:
Environmental Stewardship
Safety
Community Investment
Economic Impact
As the largest producer of natural gas in the United States, EQT will have an influential impact on the continued trajectory of natural gas as a vital energy source. By promoting and investing in sustainable practices, EQT seeks to create sustainable value for its stakeholders and lessen the impact on the environment and communities, all while creating process efficiencies. EQT is one of the lowest-cost producers of natural gas in the United States, and firmly believes its ESG strategy is an integral part of success for the Company and for all stakeholders.
About EQT Corporation
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day ? trust, teamwork, heart, and evolution are at the center of all we do.
Media Contact:
Josie Schultz
External Communications Manager
412.395.3365
[email protected]
1 Source: RS Energy Group, a part of Enverus. Based on 2018 upstream CO2 emissions and estimates data from the EPA, which is the latest complete data set for the group.
SOURCE EQT Corporation
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