ESG REPORTGlobal Reporting Initiative (GRI) Content Index
GENERAL STANDARD DISCLOSURES
| GRI Indicator | Description | Location |
|---|
| 102-1 | Name of the organization | EQT Corporation |
| 102-2 | Activities, brands, products, and services | Corporate Profile Hydraulic fracturing is prohibited in some regions of the United States; however, we do not have active operations in these areas. Additionally, there are no bans on any of our primary brands, products or services. |
| 102-3 | Location of headquarters | Pittsburgh, Pennsylvania |
| 102-4 | Location of operations | Corporate Profile |
| 102-5 | Ownership and legal form | Corporate Profile |
| 102-6 | Markets served | Corporate Profile |
| 102-7 | Scale of the organization | Corporate Profile |
| 102-8 | Information on employees and other workers | Employee Information (as of 12/31/21)
Employees: 693
Full-time Employees: 686
Part-time Employees: 7
Temporary Employees: 198 |
| 102-9 | Supply chain | Corporate Profile |
| 102-10 | Significant changes to the organization and its supply chain | Corporate Profile 2021 Form 10-K, p. 8-9 |
| 102-11 | Precautionary Principle or approach | Although we do not formally follow the precautionary principle, we assess environmental risks across our operations. |
| 102-12 | External initiatives | Public Policy and Perception — Corporate Memberships |
| 102-13 | Membership of associations | Public Policy and Perception — Corporate Memberships |
| 102-14 | Statement from senior decision-maker | Letter from Our Chief Executive Officer |
| 102-16 | Values, principles, standards and norms of behavior | Ethics and Integrity We operate exclusively within the United States, and predominately within three states — Pennsylvania, West Virginia, and Ohio. All of our employees speak English and English is the primary language spoken by the population where we operate. Accordingly, our Code of Business Conduct and Ethics is only made available in English. |
| 102-17 | Mechanisms for advice and concerns about ethics | Ethics and Integrity |
| 102-18 | Governance structure | Corporate Governance |
| 102-19 | Delegating authority | Corporate Governance |
| 102-20 | Executive-level responsibility for economic, environmental and social topics | Corporate Governance |
| 102-21 | Consulting stakeholders on economic, environmental, and social topics | Corporate Governance |
| 102-22 | Composition of the highest governance body and its committees | Corporate Governance |
| 102-23 | Chair of the highest governance body | Corporate Governance |
| 102-24 | Nominating and selecting the highest governance body | The Corporate Governance Committee of the Board of Directors identifies and recommends to the Board requisite skills and characteristics for individuals qualified to serve as directors. The Corporate Governance Committee identifies potential director candidates through many sources, including third-party search firms and unsolicited shareholder submissions. All of our directors annually stand for election by shareholders. For additional information on Board member qualifications, please see the Board of Directors page on our website. For more information on our director nomination and selection process, see pages 12–18 of our 2022 Proxy Statement. |
| 102-25 | Conflicts of interest | We disclose conflicts of interest to stakeholders as required by law. Our Code of Business Conduct and Ethics outlines our policy to avoid conflicts of interest (we also have an internal Conflicts of Interest Policy). We maintain a majority of independent directors and our Corporate Governance Committee monitors related-person transactions. For more information, see pages 29–33 of our 2022 Proxy Statement. |
| 102-26 | Roles of highest governance body in setting purpose, values and strategy | Corporate Governance |
| 102-27 | Collective knowledge of highest governance body | Upon election, our directors participate in an initial orientation to Board service and routinely receive information from management to inform them about company business — including related economic, environmental, and social topics. We encourage our directors to participate in outside educational programs for which we fund or reimburse our directors’ participation. |
| 102-28 | Evaluating the highest governance body's performance | The Board and its Committees use performance assessments to evaluate how well they are fulfilling their governance responsibilities. The Board and its Committees conduct annual self-assessments and each director — in a discussion with the Chair of the Board — provides feedback on individual director performance. Although the Board does not publicly disclose any actions taken in response to its annual self-assessments, it takes the assessment process seriously and responds appropriately to the results to improve overall governance performance. |
| 102-29 | Identifying and managing economic, environmental and social impacts | Corporate Governance |
| 102-30 | Effectiveness of risk management processes | The Board oversees and evaluates the process for assessing the major risks facing EQT and the related risk mitigation options. These responsibilities include:
Additionally, the Audit Committee of the Board reviews our major risk exposures and key processes implemented to monitor and control such exposures. When making decisions on behalf of EQT, the Board considers the feedback provided by its respective stakeholders. |
| 102-31 | Review of economic, environmental and social topics | Corporate Governance |
| 102-32 | Highest governance body's role in sustainability reporting | Corporate Governance |
| 102-33 | Communicating critical concerns | To achieve sustainable performance for shareholders, employees, landowners, customers, and communities, the Board is committed to overseeing EQT with integrity, accountability, and transparency. The Board welcomes input on how it is doing and provides stakeholders with multiple ways to communicate with our governing body. The Chair of the Board is a key point of contact on the Board for concerns or inquiries. Avenues for contacting the Chair or other members of the Board include:
|
| 102-34 | Nature and total number of critical concerns | While we do not maintain a record of concerns communicated to the Board, we have conducted a formal shareholder engagement program since 2010 and we maintain active dialogue with our shareholders year-round. Through our investor relations program, senior executives hold meetings with our investors or potential investors to discuss operations, strategy, and other critical items as outlined on page 7 of our 2022 Proxy Statement. During 2021, our team had over 750 interactions with our shareholders, including meetings with over 200 individual firms covering 45% of our shareholder base. Our Chief Executive Officer or Chief Financial Officer participated in over half of these interactions with shareholders during 2021. Our management team uses our annual ESG Report to help guide conversations with investors regarding economic, environmental, and social topics. When investors pose specific questions, our management team schedules calls and/or meetings to address their inquiries accordingly. As described in Stakeholder Engagement and Materiality, the Board values and regularly considers the input and feedback of all stakeholders in its oversight of our sustainability efforts. |
| 102-35 | Remuneration policies | Our independent director compensation — including descriptions of cash, equity-based, and other compensation — and related processes are outlined on pages 34–37 of our 2022 Proxy Statement. We also have compensation recoupment, or a “clawback” policy, applicable to current and former executive officers if we are required to prepare an accounting restatement due to material noncompliance with any financial reporting mandate under U.S. securities laws. The policy authorizes us to recoup certain compensation from covered executives who received equity or non-equity incentive compensation. |
| 102-36 | Process for determining remuneration | Annually, the Corporate Governance Committee reviews, and the entire Board approves, the compensation of our executive officers. The Management Development and Compensation Committee of the Board establishes the target total direct compensation for executive officers by establishing base salaries, setting long-term and annual incentive targets, and approving perquisites. The Management Development and Compensation Committee approves annual and long-term incentive programs on a yearly basis with recommendations from management and an independent compensation consultant. For more information regarding our executive compensation process, see pages 49–50 of our 2022 Proxy Statement; additionally, pages 51–76 describe our executive compensation program and performance. |
| 102-37 | Stakeholders' involvement in remuneration | The Management Development and Compensation Committee considers investor feedback during the design of our long-term incentive programs. At our 2022 annual meeting of shareholders, 98.8% of votes cast approved the “Say-on-Pay” proposal, approving the compensation of our named executive officers. |
| 102-38 | Annual total compensation ratio | See page 76 of our 2022 Proxy Statement. |
| 102-39 | Percentage increase in annual total compensation ratio | Our Chief Executive Officer’s annual total compensation ratio increased from 65:1 in 2020 to 138:1 in 2021. Our Chief Executive Officer’s total annual compensation increased from $7,526,515 in 2020 to $16,919,763 in 2021, as calculated pursuant to Securities and Exchange Commission rules. |
| 102-40 | List of stakeholder groups | Stakeholder Engagement and Materiality |
| 102-41 | Collective bargaining agreements | None of our employees are covered by collective bargaining agreements. |
| 102-42 | Identifying and selecting stakeholders | Stakeholder Engagement and Materiality |
| 102-43 | Approach to stakeholder engagement | Stakeholder Engagement and Materiality |
| 102-44 | Key topics and concerns raised | Stakeholder Engagement and Materiality |
| 102-45 | Entities included in the consolidated financial statements | Corporate Profile |
| 102-46 | Defining report content and topic Boundaries | Stakeholder Engagement and Materiality |
| 102-47 | List of material topics | Stakeholder Engagement and Materiality |
| 102-48 | Restatements of information | In the fourth quarter of 2020, we acquired upstream assets and an investment in midstream gathering assets located in the Appalachian Basin (collectively, the Chevron Assets) from Chevron U.S.A. Inc. (the Chevron Acquisition). The Chevron Acquisition closed on November 30, 2020 and had an effective date of July 1, 2020. Given the end of year closing of the Chevron Acquisition, in our Calendar Year 2020 ESG Report we disclosed certain 2020 production and emissions data related to the Chevron Assets separate from our data. In this year’s report, we restated our 2020 production and emissions data and intensities to include the 2020 production and emissions values from the Chevron Assets with our data. Accordingly, all of our data disclosed in our 2021 ESG Report includes data from the acquired Chevron Assets. |
| 102-49 | Changes in reporting | No changes in reporting. |
| 102-50 | Reporting period | January 1, 2021 through December 31, 2021 |
| 102-51 | Date of most recent report | June 29, 2021 |
| 102-52 | Reporting cycle | Annual |
| 102-53 | Contact point for questions regarding the report | Cameron Horwitz, Managing Director, Investor Relations and Strategy (412-395-2555; Cameron.Horwitz@eqt.com) |
| 102-54 | Claims of reporting in accordance with the GRI Standards | This report has been prepared in accordance with the GRI Standards: Core option. |
| 102-55 | GRI content index | This page |
| 102-56 | External assurance | We conducted a self-assessment of the report; however, we did not submit the report for external assurance. |
SPECIFIC STANDARD DISCLOSURES
| GRI Standard | Disclosure | Description | Location or Direct Answer | Omission |
|---|
| GRI 103: Management Approach 2016 |
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| GRI 203: Indirect Economic Impacts 2016 |
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| GRI 103: Management Approach 2016 |
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| GRI 204: Procurement Practices 2016 |
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| GRI 103: Management Approach 2016 |
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| GRI 205: Anti-Corruption 2016 |
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| GRI 103: Management Approach 2016 |
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| GRI 302: Energy 2016 |
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| GRI 103: Management Approach 2016 |
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| GRI 303: Water and Effluents 2018 |
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| GRI 103: Management Approach 2016 |
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| GRI 304: Biodiversity 2016 |
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| GRI 103: Management Approach 2016 |
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| GRI 305: Emissions 2016 |
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| GRI 103: Management Approach 2016 |
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| GRI 306: Effluents and Waste 2016 |
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| GRI 103: Management Approach 2016 |
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| GRI 307: Environmental Compliance 2016 |
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| GRI 103: Management Approach 2016 |
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| GRI 401: Employment 2016 |
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| GRI 103: Management Approach 2016 |
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| GRI 403: Occupational Health and Safety 2018 |
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| GRI 103: Management Approach 2016 |
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| GRI 404: Training and Education 2016 |
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| GRI 103: Management Approach 2016 |
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| GRI 405: Diversity and Equal Opportunity 2016 |
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| GRI 103: Management Approach 2016 |
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| GRI 413: Local Communities 2016 |
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| GRI 103: Management Approach 2016 |
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| GRI 415: Public Policy 2016 |
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| GRI 103: Management Approach 2016 |
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| GRI 419: Socioeconomic Compliance 2016 |
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| GRI 103: Management Approach 2016 |
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Sustainability Accounting Standards Board (SASB) Index
SUSTAINABILITY DISCLOSURE TOPICS AND ACCOUNTING METRICS — OIL AND GAS EXPLORATION AND PRODUCTION
| Topic | Accounting Metric | Response/Location |
| Greenhouse Gas Emissions | SASB EM-EP-110a.1: Gross global Scope 1 emissions, percentage methane, percentage covered under emissions-limiting regulations | Climate and GHG Emissions — GHG Emissions and Targets |
| SASB EM-EP-110a.2: Amount of gross global Scope 1 emissions from: (1) flared hydrocarbons, (2) other combustion, (3) process emissions, (4) other vented emissions, and (5) fugitive emissions | Climate and GHG Emissions — GHG Emissions and Targets | |
| SASB EM-EP-110a.3: Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets | Climate and GHG Emissions — Strategy and Vision; GHG Emissions and Targets | |
| Air Quality | SASB EM-EP-120a.1: Air emissions of the following pollutants: (1) NOx (excluding N2O), (2) SOx, (3) volatile organic compounds (VOCs), and (4) particulate matter (PM10) | Air Quality — Inspections and Benchmarking |
| Water Management | SASB EM-EP-140a.1: (1) Total fresh water withdrawn, (2) total fresh water consumed, percentage of each in regions with High or Extremely High Baseline Water Stress | Water — How We Are Doing |
| SASB EM-EP-140a.2: Volume of produced water and flowback generated; percentage (1) discharged, (2) injected, (3) recycled; hydrocarbon content in discharged water | Water — How We Are Doing | |
| SASB EM-EP-140a.3: Percentage of hydraulically fractured wells for which there is public disclosure of all fracturing fluid chemicals used | 100%; see Water — Hydraulic Fracturing for more information | |
| SASB EM-EP-140a.4: Percentage of hydraulic fracturing sites where ground or surface water quality deteriorated compared to a baseline | Water — How We Are Doing | |
| Biodiversity Impacts | SASB EM-EP-160a.1: Description of environmental management policies and practices for active sites | Biodiversity and Land Impacts — Ongoing Monitoring of Active Sites |
| SASB EM-EP-160a.2: Number and aggregate volume of hydrocarbon spills, volume in Arctic, volume impacting shorelines with ESI rankings 8-10, and volume recovered | Spills — How We Are Doing | |
| SASB EM-EP-160a.3: Percentage of (1) proved and (2) probable reserves in or near sites with protected conservation status or endangered species habitat | Biodiversity and Land Impacts — How We Are Doing | |
| Security, Human Rights and Rights of Indigenous Peoples | SASB EM-EP-210a.1: Percentage of (1) proved and (2) probable reserves in or near areas of conflict | We do not have any reserves in or near areas of conflict. |
| SASB EM-EP-210a.2: Percentage of (1) proved and (2) probable reserves in or near indigenous land | To our knowledge, we do not have any reserves in or near Indigenous land. Additionally, in 2021, we obtained independent certification that a majority of our natural gas is produced in accordance with rigorous standards for responsible development maintained by Equitable Origin, known as the EO100™ Standard for Responsible Energy Development. The EO100™ Standard encompasses five principles: corporate governance and ethics; social impacts, human rights, and community engagement; Indigenous Peoples' rights; occupational health and safety and fair labor standards; and environmental impacts, biodiversity, and climate change. Based on a review of our operations and reserves, Equitable Origin determined that the Indigenous Peoples' rights principle was not applicable to us. | |
| SASB EM-EP-210a.3: Discussion of engagement processes and due diligence practices with respect to human rights, indigenous rights, and operation in areas of conflict | We do not operate in areas of conflict. | |
| Community Relations | SASB EM-EP-210b.1: Discussion of process to manage risks and opportunities associated with community rights and interests | Community Impacts and Safety — Working with Communities |
| SASB EM-EP-210b.2: Number and duration of non-technical delays | Our operations are subject to numerous regulatory and permitting requirements. We strive to account for potential delays in obtaining regulatory and permitting approvals or similar non-technical factors in our scheduling process. In 2021, none of our operations were stopped or delayed due to unanticipated non-technical factors. | |
| Workforce Health and Safety | SASB EM-EP-320a.1: (1) Total recordable incident rate (TRIR), (2) fatality rate, (3) near miss frequency rate (NMFR), and (4) average hours of health, safety, and emergency response training for (a) full-time employees, (b) contract employees, and (c) short-service employees | Occupational Health and Safety — How We Are Doing |
| SASB EM-EP-320a.2: Discussion of management systems used to integrate a culture of safety throughout the exploration and production lifecycle | Occupational Health and Safety — What We Are Doing | |
| Reserves Valuation & Capital Expenditures | SASB EM-EP-420a.1: Sensitivity of hydrocarbon reserve levels to future price projection scenarios that account for a price on carbon emissions | Climate and GHG Emissions — Vision for EQT in the Energy Transition; Risk Management |
| SASB EM-EP-420a.2: Estimated carbon dioxide emissions embedded in proved hydrocarbon reserves | We estimate that we had 346,748 metric tons of CO2 embedded in our proved hydrocarbon reserves in 2021. | |
| SASB EM-EP-420a.3: Amount invested in renewable energy, revenue generated by renewable energy sales | At certain sites, we either use solar technology to generate power or capture natural gas from the field to power fuel cells, generating on-site energy. We do not track the amount of energy produced by these means as it is only used in remote locations and on a limited basis. | |
| SASB EM-EP-420a.4: Discussion of how price and demand for hydrocarbons and/or climate regulation influence the capital expenditure strategy for exploration, acquisition, and development of assets | Climate and GHG Emissions — Sustainable Value Creation; Accelerating the Low Carbon Transition; EQT’s Response Letter to Senator Elizabeth Warren | |
| Business Ethics and Transparency | SASB EM-EP-510a.1: Percentage of (1) proved and (2) probable reserves in countries that have the 20 lowest rankings in Transparency International’s Corruption Perception Index | 0% — EQT only operates in the United States; therefore, we have no reserves in these countries. |
| SASB EM-EP-510a.2: Description of the management system for prevention of corruption and bribery throughout the value chain | Ethics and Integrity — What We Are Doing | |
| Management of the Legal & Regulatory Environment | SASB EM-EP-530a.1: Discussion of corporate positions related to government regulations and/or policy proposals that address environmental and social factors affecting the industry | Public Policy and Perception — Public Policy Issues and Engagement |
| Critical Incident Risk Management | SASB EM-EP-540a.2: Description of management systems used to identify and mitigate catastrophic and tail-end risks | Community Impacts and Safety — Emergency Planning |
ACTIVITY METRICS
| Activity Metric | Response/Location |
| SASB EM-EP-000.A: Production of: (1) oil, (2) natural gas, (3) synthetic oil, and (4) synthetic gas | Corporate Profile — Reserves and Production; we did not produce any synthetic natural gas or synthetic oil in 2021. |
| SASB EM-EP-000.B: Number of offshore sites | We do not operate any offshore sites. |
| SASB EM-EP-000.C: Number of terrestrial sites | As of December 31, 2021, we operated 616 well pads. |
Disclosing the Facts Index
Indicator |
Response/Location |
|---|---|
1) Well Evaluation |
|
2) Well Integrity |
In December 2021, we discovered a produced water leak associated with a Gas Processing Unit disposal line at one of our well pad sites located in Washington County, Pennsylvania. We self-reported the release to the Pennsylvania Department of Environmental Protection (PADEP) spill hotline on December 4, 2021 and initiated cleanup of the released produced water. The initial release was determined to be in excess of one barrel and we entered the remediation project into PADEP's Land Recycling and Environmental Remediation Act 2 Program (Act 2) for voluntary clean up. In January 2022, we determined the release was larger than initially discovered and we disclosed this information to PADEP on January 14, 2022. Site characterization of the release is ongoing and, upon completion, we intend to initiate the remediation according to PADEP's Act 2 guidelines. |
3) Near Misses |
|
4) Offset Well Assessment |
|
5) Avoiding Induced Seismic Activity |
We operate in the Appalachian Basin — primarily in Pennsylvania, West Virginia, and Ohio. Our operating areas have historically not experienced significant seismic activity associated with natural gas drilling operations. Most seismic activity associated with natural gas drilling operations is related to the injection of produced wastewater into the ground. In 2021, we recycled 82% of our produced water, reducing the amount of wastewater that would have otherwise been injected into the ground. Furthermore, we have reciprocal arrangements with other producers in Appalachia to reuse each other’s wastewater in hydraulic fracturing operations. In 2021, we recycled nearly 3 million barrels of our wastewater through use in other operators’ fracturing locations. In turn, we received 300,000 barrels of water produced by other operators for use in our operations. These water sharing arrangements throughout the Appalachian Basin, and an overall emphasis on recycling wastewater, have helped reduced the amount of wastewater that is injected within the Appalachian Basin, which we believe has also reduced the amount and magnitude of seismic activity in our operating areas. |
6) Pre-drill H2O Monitoring |
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7) Post-drill H2O Monitoring |
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8) Evaluating Water Scarcity |
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9) Total Water Use |
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10) Freshwater and Non-freshwater Use |
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11) Water Source Types |
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12) Wastewater Use |
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13) Reducing Fresh water |
As much as possible, we seek to use our own or third-party produced water for our operations to minimize freshwater withdrawals. In 2021, 28% of the total water that we consumed came from non-freshwater sources — including our produced water or third-party impaired water. |
14) Wastewater Volume |
|
15) Wastewater Storage Methods |
|
16) Wastewater Storage Safeguards |
|
17) Drilling Residuals |
Our drill mud and cuttings are processed using solids control equipment that efficiently separate drilling fluids from solids. Drying agents then remove any residual moisture and the dried cuttings are stored in containers and transported by truck to landfills that are pre-approved to accept these solids in their permitted disposal cells. We continue to improve the efficiency of our solids management program by using higher efficiency systems that create better separation of drilling fluid and drill cuttings, reducing the overall weight of the disposed product. Using more effective drying agents decreases the amount of agents needed, which also decreases the weight of the disposed product. |
18) NORM |
We actively review whether new processes will generate naturally occurring radioactive materials (NORM). |
19) Managing Inactive Wells |
Biodiversity and Land Impacts — Decommissioning and Inactive Sites |
20) Use of Waste Products |
Water — Wastewater Management. |
21) Toxicity Reduction |
|
22) Dry Chemical Use |
We currently do not use any dry hydraulic fracturing chemicals in our operations. |
23) Eliminating BTEX |
We do not use any toluene, ethylbenzene, or xylene chemicals in our hydraulic fracturing fluids. In connection with a routine assessment of the components of the drilling fluids used in our operations, we discovered that one of the lubricants utilized in certain of our completions operations contains benzene (benzenesulfonic acid). The lubricant containing this chemical was used sparingly in our completions operations during 2021, and we are conducting analysis to determine the specific amount which was used and amending our FracFocus reports to disclose the use of this chemical. We are also evaluating alternative lubricants which do not contain benzene which can be used to remove this chemical from our operations. |
24) CBI Disclaimer |
We publicly disclose, via FracFocus.org, the chemicals used in our hydraulically fractured wells and regularly update such disclosures. As of December 31, 2021, we did not directly claim any confidential business information (CBI) restrictions with respect to disclosing chemicals used in our hydraulically fractured wells; however, some of our chemical vendors and suppliers refuse to publicly detail the composition of their proprietary additives, citing CBI protections, and, therefore, the chemical makeup of our hydraulic fracturing fluid as reported on FracFocus may not be complete due to such third-party CBI restrictions. In the case that one or more chemicals in our hydraulic fracturing fluid cannot be publicly disclosed on FracFocus due to third-party CBI restrictions, the entry is marked as “Proprietary” in lieu of listing the chemical additive name or number. However, even if a chemical is marked as “Proprietary,” the supplier of the chemical and the chemical’s purpose and ingredient concentration is listed in the FracFocus report. |
25) Reducing CBI Claims |
As noted above, some of the vendors and suppliers who supply chemicals used in our hydraulic fracturing fluid refuse to publicly detail the composition of their proprietary additives, citing CBI protections. Where possible, we work with our vendors to develop self-sourced fracturing chemicals in an effort to minimize our environmental impact and reduce the use of unknown chemicals that cannot be disclosed because of their protection as CBI. We also work with our vendors to ensure that data from our well completions is accurately and timely submitted to FracFocus.org. |
American Exploration and Production Council (AXPC) Index
Topic |
Metric |
EQT |
Alta Assets |
|---|---|---|---|
Production of Hydrocarbons |
Gross Annual Production of Oil/Condensate (Bbl) |
3,542,479 |
0 |
Gross Annual Production of Natural Gas (Mcf) |
1,942,499,269 |
222,384,467 |
|
Total Gross Annual Production (BOE) |
327,292,357 |
37,064,078 |
|
Total Gross Annual Production (MBOE) |
327,292 |
37,064 |
|
Greenhouse Gas Emissions |
Scope 1 GHG Emissions (MT CO2e) |
639,676 |
357,907 |
Scope 1 GHG Intensity (#) |
1.95 |
9.66 |
|
Percent of Scope 1 GHG Emissions Attributed to Gathering and Boosting Segment |
8.7% |
40.1% |
|
Scope 2 GHG Emissions (MT CO2e) |
4,619 |
680 |
|
Scopes 1 and 2 Combined GHG Intensity (#) |
1.97 |
9.67 |
|
Scope 1 Methane Emissions (MT CH4) |
15,002 |
5,641 |
|
Scope 1 Methane Intensity (#) |
0.05 |
0.15 |
|
Percent of Scope 1 Methane Emissions Attributed to Gathering and Boosting Segment |
3.7% |
38.0% |
|
Flaring |
Gross Annual Volume of Flared Gas (Mcf) |
0 |
0 |
Percentage of Gas Flared per Mcf of Gas Produced |
0% |
0% |
|
Volume of Gas Flared per Barrel of Oil Equivalent produced |
0 |
0 |
|
Spills |
Produced Liquid Spilled (Bbl) |
22,666 |
30 |
Total Produced Liquid (MBbl) |
24,454 |
1,915 |
|
Spill Intensity (%) |
92.7% |
1.6% |
|
Water Use |
Freshwater Consumed (Bbl) |
39,647,886 |
N/A |
Freshwater Intensity (#) |
0.12 |
N/A |
|
Recycled Water (Bbl) |
20,561,615 |
N/A |
|
Total Water Consumed (Bbl) |
60,209,501 |
N/A |
|
Water Recycle Rate (%) |
34.2% |
N/A |
|
Does your company use WRI Aqueduct, GEMI, Water Risk Filter, Water Risk Monetizer, or other comparable tool or methodology to determine the water stressed areas in your portfolio? |
Yes |
N/A |
|
Safety |
Employee OSHA Recordable Cases |
2 |
N/A |
Annual Employee Workhours |
1,348,781 |
N/A |
|
Employee TRIR |
0.30 |
N/A |
|
Contractor OSHA Recordable Cases |
18 |
N/A |
|
Annual Contractor Workhours |
5,063,315 |
N/A |
|
Contractor TRIR |
0.71 |
N/A |
|
Combined Employee and Contractor OSHA Recordable Cases |
20 |
N/A |
|
Annual Combined Employee and Contractor Workhours |
6,412,096 |
N/A |
|
Employee and Contractor Combined TRIR |
0.62 |
N/A |
All data is for the year-ended December 31, 2021. In the third quarter of 2021, we acquired strategic assets located in the Appalachian Basin (the Alta Assets) from Alta Resources Development, LLC (the Alta Acquisition). The Alta Acquisition closed on July 21, 2021, and had an effective date of January 1, 2021. The data included in the table under the “EQT” column generally includes data from the Alta Assets, except production, emissions, flaring and spill data, which is disclosed separately under the “Alta Assets” column.
Task Force on Climate-related Financial Disclosures (TCFD) Index
Governance |
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a) Describe the board’s oversight of climate-related risks and opportunities. |
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b) Describe management’s role in assessing and managing climate-related risks and opportunities. |
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Strategy |
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a) Describe the climate-related risks and opportunities the organization has identified over the short, medium and long term. |
Climate Change and GHG Emissions — Accelerating the Low Carbon Transition; |
b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning. |
Climate Change and GHG Emissions — Accelerating the Low Carbon Transition; |
c) Describe the potential impact of different scenarios, including a 2°C scenario, on the organization’s businesses, strategy and financial planning. |
Climate Change and GHG Emissions — Vision for EQT in the Energy Transition |
Risk Management |
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a) Describe the organization’s processes for identifying and assessing climate-related risks. |
|
b) Describe the organization’s processes for managing climate- related risks. |
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c) Describe how processes for identifying, assessing and managing climate-related risks are integrated into the organization’s overall risk management. |
|
Metrics and Targets |
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a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process. |
Climate Change and GHG Emissions — GHG Emissions and Targets |
b) Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas (GHG) emissions and the related risks. |
Climate Change and GHG Emissions — GHG Emissions and Targets We are exploring new ventures and researching alternative technologies to address our Scope 3 emissions. |
c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. |
Climate Change and GHG Emissions — GHG Emissions and Targets |
