PITTSBURGH, April 13, 2021 /PRNewswire/ -- CNX Resources
Corp. (NYSE: CNX) today announced a substantial, multi-year
community investment in the tri-state region. The $30 million commitment spans six years and
reinforces the Company's focus on local, underserved communities
and populations. Previously, the Company
released comprehensive goals related to its 'hire local'
supply chain and sourcing efforts and Diverse Business Enterprise
(DBE) spend initiatives.
"While everyone is talking about sustainability and
Environmental, Social, and Governance (ESG) these days, too few are
delivering tangible and measurable results. We are on a mission to
change the trajectory of our region and to improve the lives of our
neighbors in communities left behind by a system focused on talk
and abstract concepts rather than real outcomes. This commitment is
not about words; it's about the people who make western
Pennsylvania and the broader
Appalachian region such a special place to live, work, and raise a
family," said CNX President and CEO Nicholas J. DeIuliis.
Mr. DeIuliis continued, "Our industry is the lifeblood of the
regional economy and the foundation of our social fabric. For us to
succeed, we need healthy communities to provide a resilient
workforce. These are not handouts; they are investments that will
provide returns for our local communities and our ownership for
years to come. This is what sustainability and ESG mean to
CNX."
These investments represent a re-allocation of previously
planned expenditures and are expected to generate long-term,
sustainable economic returns for the region and the Company by
removing barriers to socio-economic diversity and inclusion across
the natural gas industry and beyond. The commitment will be
effectuated while still allowing the Company to deliver on its
previously announced, multi-year free cash flow generation
plan.
The community investment pillars associated with CNX's
$30 million commitment are intended
to include:
- 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 and Societal Impact
- Career Awareness and Technical/Vocational Training
- Water Quality Safety and Awareness
Initial signature project commitments are to include:
- $1 million for broadband access
in rural Greene County, PA;
- $400,000 for career training for
students/graduates of the recently announced regional mentorship
academy;
- $200,000 for the Jerome Bettis
Cyber Bus Project to support technology needs in disadvantaged
school districts;
- $100,000 for House of Life of
Pittsburgh for returning citizen
re-entry.
To learn more about CNX's unique Environmental, Social, and
Governance (ESG) approach, accomplishments, and goals, please
visit: https://responsibility.cnx.com/esg-overview.html
About CNX Resources Corporation:
CNX Resources
Corporation (NYSE: CNX) is the premier independent natural gas
development, production, and midstream company, with operations
centered in the major shale formations of the Appalachian
basin.
Our vertically integrated model includes transmission, storage,
gathering systems, and water infrastructure that support energy
development from wellhead to end user. With the benefit of a more
than 150-year legacy and a substantial asset base amassed over many
generations, the company deploys a strategy focused on responsibly
developing its resources to create long term per share value for
its shareholders, employees, and the communities where it operates.
As of December 31, 2020, CNX had 9.55
trillion cubic feet equivalent of proved natural gas reserves. The
company is a member of the Standard & Poor's Midcap 400 Index.
Additional information may be found at www.cnx.com.
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SOURCE CNX Resources Corporation