PITTSBURGH, May 23, 2017 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) today announced the release of its annual Corporate Responsibility Report, which details execution against Key Performance Indicators and outlines activities and new initiatives undertaken during the past year toward the Company's comprehensive corporate responsibility goals.
CONSOL Energy President and Chief Executive Officer Nicholas J. DeIuliis commented, "Managing our risk profile and creating value are benefits of our commitment to corporate responsibility, but that obligation also breathes life into our core values of safety, compliance and continuous improvement." Mr. DeIuliis continued, "In short, not only does our commitment to responsible business practices create long-term value for our employees, our shareholders and the communities where we live and work, but, most importantly, it is the right thing to do and part of who we are at CONSOL Energy."
Throughout this report, unless otherwise noted, "CONSOL Energy" or the "Company" refers to three operational areas: Natural gas exploration and production, CONE Midstream Partners, LP and Diversified Business Units. A separate report has been prepared with sustainability performance data related to CONSOL Energy's affiliate, CNX Coal Resources LP (NYSE: CNXC).
Following are key highlights included in the 2016 report:
Health, Safety and Environment (HSE): All CONSOL Energy employees were safety trained in 2016, while 100 percent of the Company's employees worked at zero for the entire year. CONSOL Energy employs 23 HSE professionals in support of its safety and environmental compliance core values. This commitment to the core values improves the reliability and deliverability of products to customers, lowers costs, mitigates the potential for fines and penalties and reduces the Company's discount rate, ultimately increasing the value of the enterprise.
Corporate Governance: CONSOL Energy's Board of Directors and management team firmly believe that sound principles of corporate governance are essential in making good decisions on behalf of its shareholders, employees and other stakeholders. The Company's best-in-class corporate governance practices earned it the highest possible ISS Governance Quality Score for 2016.
Commitment to the Region: Over 87 percent of service providers' employees live and work in the CONSOL Energy operational areas of Ohio, Pennsylvania and West Virginia, extending the Company's deep local roots throughout the region.
To learn more, please visit, http://www.consolenergy.com/responsibility
About CONSOL Energy
CONSOL Energy Inc. (NYSE: CNX) is a Pittsburgh-based energy producer, and one of the largest independent natural gas exploration, development and production companies, with operations centered in the major shale formations of the Appalachian basin. The company deploys an organic growth strategy focused on developing its substantial resource base. As of December 31, 2016, CONSOL Energy had 6.3 trillion cubic feet equivalent of proved natural gas reserves. CONSOL Energy is a member of the Standard & Poor's Midcap 400 Index. Additional information may be found at www.consolenergy.com.
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SOURCE CONSOL Energy Inc.