EQT Releases 2023 Environmental, Social and Governance Report

Core Viewpoint - EQT Corporation emphasizes its commitment to environmental sustainability and its role in the energy transition, showcasing significant achievements in reducing emissions and promoting natural gas as a cleaner energy source [2][12]. Environmental - EQT has reduced its Scope 1 methane emissions intensity to below 0.02% and achieved a 70% reduction in Scope 1 greenhouse gas (GHG) emissions intensity since 2018, surpassing its targets a year ahead of schedule [12]. - The company aims to achieve net zero Scope 1 and Scope 2 GHG emissions by 2025 [12]. - EQT recycled 96% of produced water and was awarded a "Gold Standard" rating by the United Nations' Oil & Gas Methane Partnership for its methane reduction efforts [13]. Social - In 2023, EQT generated approximately $1.1 billion in gross domestic product (GDP) and paid $795 million in royalties to local landowners [14]. - The company invested over $56 million in local communities and its employees volunteered over 16,100 hours in community service [14]. - EQT was recognized as a USA Top Workplace for the third consecutive year [14]. Governance - ESG-related performance metrics are integrated into EQT's executive compensation programs, with 25% of Short-Term Incentive Plan funding linked to ESG measures [15]. - The Board of Directors includes over half female directors and 9% racially/ethnically diverse members [15]. - EQT maintained a "AA" ESG Rating from MSCI in 2023, reflecting its effective management of ESG risks [15].