Sustainability Initiatives by National Fuel Gas Company
National Fuel Gas Midstream Company, LLC, a key segment of National Fuel Gas Company (NYSE: NFG), has recently achieved a remarkable milestone by being re-verified under Equitable Origin's EO100™ Standard for Responsible Energy Development. This re-verification highlights the company's sustained dedication to responsible energy practices and their proactive approach towards minimizing environmental impact.
Celebrating Re-Verification Success
Achieving the EO100™ re-verification is no small feat. It confirms that National Fuel Gas Midstream continues to meet the stringent performance criteria set out under its initial EO100™ certification, which was first earned in 2023. This ongoing commitment to excellence has been recognized with an impressive “A-” grade during the recent evaluations. Notably, National Fuel Gas Midstream stands out as the first company in the EO100™ framework to achieve an improvement of two grades since its original certification.
Understanding EO100™ Standard Principles
The EO100™ Standard encompasses a variety of performance targets aligned with five fundamental principles. These principles address essential areas such as corporate governance, social impacts, Indigenous Peoples' rights, occupational health and safety, and environmental considerations. National Fuel Gas Midstream's compliance with these principles underscores its integrity as a leader in the energy sector.
Recognition for Seneca Resources
In addition to National Fuel Gas Midstream's achievement, Seneca Resources Company, LLC, another National Fuel Gas subsidiary, has successfully earned re-certification from MiQ. This milestone achieved an “A” grade, the highest certification level, confirming that 100% of its Appalachian natural gas production assets meet rigorous performance standards.
MiQ Certification and Its Significance
The MiQ certification plays a critical role in evaluating methane emissions across various operational practices. It assesses criteria such as methane intensity, emissions management methods, and the deployment of cutting-edge emissions monitoring technologies. Such certifications highlight National Fuel’s unwavering commitment to minimizing methane emissions and fostering a sustainable energy future.
A Commitment to Sustainability from Leadership
Justin Loweth, President of both Seneca Resources and National Fuel Gas Midstream, emphasizes the significant strides made by the teams involved in these initiatives. He articulated pride in their accomplishments and a steadfast dedication to embedding sustainable practices within the company’s operational culture. Loweth asserted that achieving these certifications is not merely a goal but a commitment to continuous improvement in sustainability practices and emission reductions.
Company Overview
Headquartered in Western New York, National Fuel Gas Company is a diversified energy enterprise known for its integrated natural gas assets spanning four vital segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. National Fuel's resilient approach to energy production and commitment to sustainability places it at the forefront of the industry.
Contact Information
NFG's dedicated team is available for inquiries with Natalie Fischer, Analyst Contact, at 716-857-7315 and Karen Merkel, Media Contact, at 716-857-7654.
Frequently Asked Questions
What is the EO100™ Standard?
The EO100™ Standard is a benchmark for responsible energy development, focusing on corporate governance, social impacts, and environmental stewardship.
What grade did National Fuel Gas Midstream achieve in its re-verification?
National Fuel Gas Midstream achieved an “A-” grade in its recent re-verification under the EO100™ Standard.
How does MiQ certification benefit Seneca Resources?
MiQ certification ensures rigorous evaluation of methane emissions and demonstrates Seneca Resources’ commitment to sustainable production practices.
Where is National Fuel Gas Company headquartered?
National Fuel Gas Company is headquartered in Western New York.
Who can I contact for more information about National Fuel?
You can contact Natalie Fischer at 716-857-7315 for analysis-related inquiries or Karen Merkel at 716-857-7654 for media-related inquiries.
