On September 9, National Fuel Gas Company announced the release of its 2020 Corporate Responsibility Report, providing a comprehensive review of environmental, social, and governance performance metrics.

The Report, in response to discussions with the Company’s key stakeholders, includes significant additional disclosure related to climate risk in line with the Task Force on Climate-Related Financial Disclosure (TCFD) framework.

This framework analyzes governance surrounding climate-based risks and opportunities, strategies for addressing such factors, risk management considerations, and metrics and targets which can be used to assess those factors.

In connection with the Company’s enhanced climate-focused disclosures and ongoing efforts to lower its carbon footprint, National Fuel is establishing significant methane intensity reduction targets at each of its businesses, as well as an absolute greenhouse gas (GHG) emissions reduction target for the consolidated Company, each using a 2020 baseline.

The targets include--

-- Exploration & Production: 40 percent reduction in methane intensity by 2030

-- Gathering 30 percent reduction in methane intensity by 2030

-- Pipeline & Storage: 50 percent reduction in methane intensity by 2030

-- Utility: 30 percent reduction in methane intensity by 2030

-- Consolidated Company: 25 percent reduction in total GHG emissions by 2030

These targets are in addition to those established in March for the Company’s Utility delivery system, which aims to limit GHG emissions from the Utility segment’s mains and services by 75 percent by 2030, and 90 percent by 2050, both from 1990 levels.

Click Here for a copy of the 2020 Corporate Responsibility Report.

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[Posted: September 9, 2021]

9/13/2021