FORWARD PROGRESSFROM OUR MINES TO THE WORLD

2022

CORPORATESUSTAINABILITYREPORT2022

CORPORATESUSTAINABILITYREPORT

TABLE OF CONTENTS

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5

8

10

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30

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43

A MESSAGEFROM OUR
CEO2022
HIGHLIGHTS,
AWARDS, AND
RECOGNITION

ESG MEMBERSHIPANDCOLLABORATIONCREATINGSTAKEHOLDERVALUEENVIRONMENT:MANAGING OUROPERATIONAL
FOOTPRINTOUR TEAMGOVERNANCE,ETHICS, AND
COMPLIANCE

58

SUSTAINABILITY
INDEX
2

ABOUT
CONSOLENERGYINNOVATION
AND STRATEGY62

DISCLAIMER

62

POINT OF CONTACT

A MESSAGE FROM OUR CEO
Dear Stakeholders,

FORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSFROMOUR CEO MESSAGEA MESSAGEFROMOUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

3

It is my pleasure to share CONSOL Energy’s 2022 Corporate
Sustainability Report: From Our Mines to the World, outlining ourefforts to carry out CONSOL’s vision for responsible coal production,
stakeholder value creation, and strategic growth. This is our 6th reportsince becoming an independent company in 2017.
Throughout a dynamic 2022, global events emphasized the need for asecure, reliable, and affordable energy supply. While the Russia-Ukraine
conflict escalated volatility for commodity markets, overall supply
and demand fundamentals, combined with elevated gas prices andEuropean energy uncertainty, pushed thermal coal prices to record
highs. As global coal production exceeded 8 billion tonnes, we believethat the world economy recognized that responsibly produced coal isstill needed in the mix of energy sources to achieve the transition toward
climate change goals, therefore avoiding deleterious effects on society,supporting energy security, and ultimately driving economic progress.
The current macroeconomic backdrop underscores our commitment
to responsible production, as coal will continue to be used in power
generation, industrial, and metallurgical applications as the energy
transition plays out over decades to come. Therefore, we continue toinvest in innovation and technology, implement measures to reduce theenvironmental impact of our operations, reposition our sales portfolio
to serve markets other than coal-fired power generation and performagainst our stated financial priorities. Our team’s execution against
our goals in each of these areas will help us protect our workforce
and their families, manage risk, leverage opportunities, enhance ourcommunities, and importantly, support achievement of our growth anddiversification goals.
To that end, we made Forward Progress on multiple related fronts
in 2022. With respect to safety, our employees outperformed MSHA
industry averages by approximately 51% without sustaining any lifealtering accidents, while our environmental compliance record exceeded
99.9% for the 10th consecutive year. We also enhanced CONSOL’s
commitment to our local community, through a partnership of the
CONSOL Cares Foundation and the Ronald McDonald House Charities
of Pittsburgh and Morgantown.
With respect to diversification, approximately 59% of our revenue(including freight and terminal) came from export sales, and the
CONSOL Marine Terminal achieved record annual revenue. In addition,
we commissioned our Itmann preparation plant, marking a major
development milestone for our Itmann Mining Complex and creating
new opportunities for our Company to supply the metallurgical coalmarkets domestically and around the world.

We expanded our technology initiatives with the acquisition of theremaining equity stake in CFOAM Corp., a manufacturer of highperformance carbon foam products from coal. In parallel, our
U.S. Department of Energy (DOE) projects focused on advancing
technologies for greenhouse gas emissions mitigation continued toprogress, with initiation of a geological study assessing opportunities
for permanent CO2 sequestration in the vicinity of the Pennsylvania
Mining Complex (PAMC).
These endeavors were enabled by strong operational and financial
performance. In 2022, we sold 24.1 million tons at PAMC, grew ourrealized coal revenue to $1,729 million, and directed $292.3 million
toward debt repayments. This performance also translated into tangible
benefits to our stakeholders, as our share price appreciated 186%
throughout the year, and we initiated an enhanced stakeholder return
program that provided approximately $80 million to stakeholders. In
addition, we approved capital of approximately $28 million, including$9.5 million in 2023, to be used toward achieving our previously
announced interim goal to reduce our GHG emissions by 50% within a
5-year period, or by 2026.
Finally, we recently announced the promotion of Mitesh Thakkar to
President and Chief Financial Officer, as part of the Company’s longterm succession planning process. In addition to his current duties
as CFO, Mitesh will be leading the teams responsible for Strategy andBusiness Development, Environment and Sustainability, and Sales andMarketing. The alignment of these functions is intended to help position
CONSOL for long term success and reinforces executive responsibility
for sustainability matters. This also underpins our efforts to incorporate
ESG informed metrics into our corporate strategy, as further outlined in
the “Innovation and Strategy” section of this report. Consistent with oursustainability initiative, our team is focused on Forward Progress.
On behalf of our Board of Directors, our management team, and our
employees, thank you for your support of CONSOL Energy. We lookforward to your feedback and continued engagement.

Jimmy A. Brock
Chief Executive Officer

2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTDIVERSITY, EQUITY &INCLUSIONESG INTOCOMPENSATIONEMPLOYEEENGAGEMENTHEALTH &WELLNESS

Please see our proxy statement tobe filed relating to our upcoming
Annual Meeting on April 27, 2023,
for the various skills, experience andattributes of our board members,
including the diversity thereof.

Enhanced long term incentive
compensation metrics to include
performance against voluntary
GHG emissions reduction andrevenue diversification goals

92% average voluntary retention
rate, with 42% of our employees
having more than 10 years ofCompany service

82% participation in biometric screening
as part of our wellness program.

COMMUNITY RELATIONSSAFETY

Surpassed $2.85 MM in charitable
donations since inception of the
CONSOL Cares Foundation

Coal operations employees TRIRof 2.28 was 51% lower than the
MSHA national average

ENVIRONMENTALCOMPLIANCE

STATED FINANCIAL
PRIORITIESPORTFOLIO
OPTIMIZATIONGROWTH AND
DIVERSIFICATION

Reported an adjusted EBITDA of$807 MM and GAAP net incomeof $467 MM*, and free cash flow
generation of $501 MM.

43.9% of our coal was sold in
the export market, with a baseof customers representing
power generation, industrial, andmetallurgical users

Commissioned the Itmann
Preparation Plant in WyomingCounty, WV

RAGAN CSR & DIVERSITYAWARD FINALISTNIOSH MINE SAFETY ANDHEALTH TECHNOLOGYINNOVATION AWARD
RECIPIENT

INTERNATIONAL MINERESCUE COMPETITION

KEYSTONE MINE SAFETY
AWARD RECIPIENT

Bailey Blue Team was recognized
as a top finisher, amongst mine
rescue teams from the U.S.,
Canada, Australia, India, Zambia,
Columbia, Poland, and Finland

Enlow Fork Mine was recognizedby the Pennsylvania Coal Alliancefor having the lowest non-fataldays lost (NFDL) incident rate forthe longwall category

Continued to implement optional
teleworking for certain corporate
functions, with an option for flexible work
schedules

CONTENTSMESSAGE FROM OUR CEO

2022 HIGHLIGHTS, AWARDS, 2022 HIGHLIGHTS, AWARDS, AND RECOGNITION
AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATION

Compliance record exceeded
99.9% for the 10th consecutive
year and recycled a record 738
million gallons of water for use inoperations

PRODUCTION
PAMC coal shipments totaled
24.1 million tons. Restarted the fifth
longwall at PAMC in mid-December

ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYTECHNOLOGY
Formed CONSOL Innovations
and acquired the remaining
equity stake in CFOAM CorpSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

Recognized by Ragan
Communications for “Trust andTransparency in Communications”
related to our ESG messaging
efforts

4

Related to the design andimplementation of a bucket scoop
to enhance visibility and promote
worker safety*Adjusted EBITDA is a non-GAAP financial measure, which is reconciled to net income, the most directly comparable GAAP financial measure. Please refer tothe “Reconciliation of Non-GAAP Financial Measures” for the year ended December 31, 2022 in our February 7, 2023 press release.

FORWARD
PROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITION
ENERGY ABOUTABOUTCONSOLCONSOLENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

5

ABOUT

CONSOLENERGYAt CONSOL Energy Inc. (CONSOL), we are focused on sustainably leading
the transformation of a mature industry that still holds significant potential
to benefit society. Headquartered in Canonsburg, Pennsylvania, CONSOL
is an independent, U.S.-based producer and exporter of high-quality
bituminous coal for industrial, metallurgical, and power generation
applications. We and our predecessors have been mining coal,primarily in the Appalachian Basin, since 1864. Our corporate
PE NNSYLVANI A
culture continues to be based upon the three core values thatsuccessfully guided CONSOL throughout its history:
Safety, Compliance, and Continuous Improvement.
CONSOL Energy Inc.
Headquarters
Canonsburg, Pennsylvania

ABOUT CONSOL ENERGYFORWARDPROGRESSCONSOL (NYSE, “CEIX”) was incorporated in Delaware in June 2017. We became an independent, publicly traded company in November ofthe same year, when our former parent separated its coal and natural gas businesses into two independently traded public companies.

2022 CORPORATESUSTAINABILITY REPORTCONSOL’s flagship operation is the Pennsylvania Mining Complex (PAMC), which has the capacity to produce approximately 28.5 million
tons of coal per year. As the largest underground mining complex in North America, PAMC consists of three large-scale underground mines(Bailey, Enlow Fork, and Harvey) and the Central Preparation Plant, the largest coal preparation facility in the U.S. The company also owns
and operates the CONSOL Marine Terminal (CMT), located in the Port of Baltimore, which has a throughput capacity of approximately 15
million tons per year.

CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITION
ENERGY ABOUTABOUTCONSOLCONSOLENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT

In the Central Appalachian Basin, our Itmann Mining Complex is slated to produce approximately 900,000 tons of premium coking coal per
year to serve the domestic and international steel markets when fully operational. In 2022, CONSOL commissioned the Itmann Preparation
Plant which has a processing capacity of approximately double the output of the Itmann Mine, providing additional upside for third-party
processing, blending, and mining of our surrounding reserves.
In addition to the approximately 622 million reserve tons associated with the PAMC and the approximately 29 million reserve tons
associated with the Itmann Complex, the company also controls approximately 1.4 billion tons of greenfield thermal and metallurgical coalreserves and resources in the major coal-producing basins of the eastern U.S. Additional information about CONSOL Energy is available atwww.consolenergy.com.

CREATING STAKEHOLDER VALUEREPORT SCOPE AND BOUNDARIESOUR TEAM

This corporate sustainability report is CONSOL’s sixth since becoming an independent, standalone company in 2017. We released the

GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEX

preceding 2021 corporate sustainability report in the second quarter of 2022. Consistent with our financial reporting, this report covers theCompany’s entire asset base from January 1 through December 31, 2022, unless otherwise noted.
In 2022, we acquired the remaining equity stake in CFOAM Corp. (CFOAM), which manufactures high-performance carbon foam products
from coal that can be used in the industrial, aerospace, military, and commercial space. We aim to fully integrate CFOAM into our ESG
reporting for calendar year 2023.

DISCLAIMER
POINT OF CONTACT

This report was prepared by CONSOL representatives and reviewed and approved by the Health, Safety, and Environment Committeeof the Board of Directors, as well as the full Board. For this report, a third-party was engaged to provide feedback on the completenessand accuracy of our greenhouse gas emissions data, as a first step toward seeking assurance of our data in the future. Other than thegreenhouse gas emissions data assessment, the data presented herein have not been subject to external verification or third-party
assurance.

6

ABOUT CONSOL ENERGYFORWARDPROGRESSIn alignment with our previous reports, we continue to report on Environmental, Social, and Governance and Innovation (ESG-i) aspects ofinterest to our stakeholders and to CONSOL, including:2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONESENVIRONMENTOUR TEAM• Emissions and Climate• Health, Wellbeing and
Safety• LandownerEngagement• Family Sustaining
Wages• Local Hiring• Environmental
Compliance• Reclamation and
Closure• Employee Retention

ESG MEMBERSHIP AND COLLABORATION• Waste Management
and Tailings• Training andDevelopment

ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT• Water Management

ENERGY ABOUTABOUTCONSOLCONSOLENERGYCREATING STAKEHOLDER VALUECOMMUNITY• Local Suppliers• Focused Giving• Economic Prosperity

G

I

GOVERNANCEINNOVATION AND
STRATEGY• Board Diversity• Portfolio Optimization• Experience andExpertise• Revenue
Diversification• Ethics andCompliance• Innovation andTechnology• ESG Oversight• Prioritize a Strong
Balance Sheet• Transparency andDisclosure• Robust Capital
Allocation• Strong Liquidity

OUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

7Specific metrics throughout the report have been informed by and reference certain Global Reporting Initiative (GRI) Standards fromthe Consolidated Set of GRI Sustainability Reporting Standards (2020) and GRI 12: Coal Sector (2022). In addition, we consulted theSustainability Accounting Standards Board (SASB) Coal Operations Sustainability Accounting Standard (Version 2021–12).
A cross-reference between the material presented in this report and the relevant standards that were consulted is provided in the Index.

ESG MEMBERSHIPS AND COLLABORATIONFORWARDPROGRESS

We believe that collaboration will strengthen our ESG-i endeavors. Accordingly, we will continue to engage with industry peers, third-parties,
universities, public sector partners, and technology vendors that provide diverse perspectives and expertise, and challenge us to think
differently. In turn, we aim to educate our partners on the central role our coal operations play in the in local community, region, and the world.
ESG OPERATING FRAMEWORKS

2022 CORPORATESUSTAINABILITY REPORTIn 2019, our operations were certified by the National Mining Association’s (NMA)
CORESafety Framework, and we also became a Bettercoal Supplier.

INDUSTRY WORKING GROUPSCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGYAND
COLLABORATIONESGMEMBERSHIPMEMBERSHIPANDCOLLABORATION ESG
ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT

The NMA’s ESG Task Force was formed to examine a wide range of ESG matters andpolicy positions, and to promote innovative solutions that enhance ESG performance
amongst member companies.
In addition, we are a corporate roundtable partner of the SME Foundation, whose
mission is to attract and leverage resources for a sustainable mining industry througheducation, outreach, and support of college-level students and programs meeting
industry demands for engineers and researchers in the future.

THIRD PARTY DISCLOSURES
We continue to participate in third-party disclosures, such as CDP and the S&P Global
Corporate Sustainability Assessment, as part of our commitment to transparency.

CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

PUBLIC PRIVATE PARTNERSHIPS FOR ECONOMIC DEVELOPMENT
We are a key contributor to local economic prosperity in the communities where we
operate. In 2022, we were proud to be elected to the Board of Directors for the Team
Pennsylvania Foundation, whose mission is to drive economic competitiveness andstrengthen the commonwealth’s workforce. We continue to support the Pennsylvania
Energy Horizons Cross Sector Collaborative, which seeks to brings together leadersfrom industry, labor, government, nonprofits, and academia to unleash innovative,
technological, and market-driven solutions to reduce emissions economy-wide while
expanding PA’s energy economy.

U.S. DEPARTMENT OF ENERGY (DOE)
Our technology and innovation initiatives are supported by the U.S. Department ofEnergy. Through our former R&D Department, we have a long-standing history ofcollaboration with the National Energy Technology Laboratory. Through our REMEDY
project in 2022, we’ve expanded our list of DOE collaborators to include DOE’s
Advanced Research Projects Agency – Energy (ARPA-e) and Oak Ridge National
Laboratory.

8

ESG MEMBERSHIP AND COLLABORATIONACADEMIAFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTOur region includes many research institutions and universities that provide thought
leadership, technical expertise, and a pool of engaged and diverse talent, acrossa broad range of subject areas. In 2022, we were proud to continue to support
the University of Pittsburgh’s Center for Sustainable Business. A Pitt graduate
student joined our team as a Sustainability fellow for the third consecutive year.
In 2022, we also participated in West Virginia University’s E3 (Energy, Environment,
and Excitement), an immersive STEM-based education camp that has the goal ofincreasing diversity within the energy industry workforce through drawing students
from underrepresented minorities.
Throughout the year, we also continued to partner with Ohio University on multiple
projects seeking to transform coal into marketable products and building materials.

CONTENTSCO2 STORAGE AND DISPOSITION PARTNERSMESSAGE FROM OUR CEO

In 2022, we continued to advance the understanding and characterization of CO2
storage resources and opportunities in the Appalachian Basin, as part of our U.S. DOE
sponsored 21st Century Power Plant Project (21CPP). To do so, our team consists ofpublic-private partners and subject matter experts, including geologists from the WV
and PA Geological Surveys, as well as Carbon Solutions LLC, Batelle, and OsoMono
Ltd.

2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGYAND
COLLABORATIONESGMEMBERSHIPMEMBERSHIPANDCOLLABORATION ESG
ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT9TECHNOLOGY PARTNERS
Achievement of the world’s aspirational environmental goals requires thedevelopment and deployment of advanced technologies at a cost effective andcommercial scale. With respect to our multiple USDOE sponsored research initiatives,
we are teaming up with world class technology partners who are recognized for theirexpertise in environmental control technologies, carbon management, and waste
reduction. For mine methane mitigation, our partners include Johnson Matthey, who
is focused on GHG reduction through catalytic methane oxidation, and Environmental
Commodities Corporation, who operates the methane destruction program at PAMC.
With respect to CO2 capture technologies, our 21CPP project team includes Worley,
Honeywell UOP, Fluor Corporation, and Babcock & Wilcox.

FORWARD
PROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEOENVIRONMENT:MANAGING OUROPERATIONAL

FOOTPRINT

2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

10At CONSOL, our approach to sustainability is underscored byour dedication to environmental compliance, ethical businesspractices, and the communities where we live and work, aswell as our commitment to innovation.
We take a broad view of environmental compliance, extending
to laws, regulations, permits, Company policies, processes,
and agreements. In accordance with CONSOL’s Environmental
Policy, we strive to develop our assets consistent with the wellrecognized mitigation hierarchy: we seek to avoid, minimize,and mitigate our impacts while promoting complianceand post-operational land use. Innovation, in turn, helps us
uncover opportunities to reduce our environmental footprint.

ENVIRONMENT: MANAGING OUR OPERATIONAL FOOTPRINTCONSOL Energy’s Environmental Management System (EMS)
supports a systematic approach to effective environmental planning

FORWARDPROGRESS

and risk management across our organization, beginning withfacility planning and design, continuing throughout operations,and extending through closure and reclamation. The EMS drives
integration of corporate and operational functions for environmental

2022 CORPORATESUSTAINABILITY REPORT

project planning, permitting, and compliance. While the EMS wasdeveloped to conform to ISO 14001 standards, we have not yet
sought certification.
Our EMS and related policies extend to our contractors and service

CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCE

providers, who seamlessly integrate with our employees to support
environmental compliance. For detailed information regarding ourenvironmental performance at the asset and activity level, please

99.9% for 10th consecutive year.

In 2021, CONSOL announced goals to reduce our direct operating

approximately $28 million between

greenhouse gas (GHG) emissions. Over a five-year period (bythe end of 2026 or sooner), our goal is to reduce Scope 1 and 2
emissions on an absolute basis by 50% compared to 2019 baseline
levels, with an aim to achieve net zero direct operating emissions
by 2040 or sooner, if feasible. We provide additional information
regarding our goals, and related emissions data later in this section.
In 2022, our environmental focus areas included:• Expansion of our environmental sustainability goals to include

SUSTAINABILITY INDEX

by the Company’s National Pollution Discharge Elimination

compliance with water discharge quality limitations prescribed
System (NPDES) permit requirements. These targets wereincorporated into our short-term incentive compensation (STIC)
program.
• Establishing the framework upon which the regulatory approvals
required for expansion of our methane destruction program
could be authorized, which is key to facilitating achievement of
our GHG emission reduction targets. Our GHG targets wereincorporated into our long-term incentive compensation(LTIC) program.

11

Environmental compliance record exceeded

Approved capital expenditures ofquantitative targets for the number of instances of non-

POINT OF CONTACTENVIRONMENTAL HIGHLIGHTS

refer to our 2022 CDP climate and water disclosures.

INNOVATION AND STRATEGYDISCLAIMER

2022

2023 and 2026, including $9.5
million in 2023, to support achievement of
our interim GHG emission reduction goal by2026.
Reduced the number of agency-issued

notices of violation at PAMC by 44%,year over year.
Reduced companywide environmental

penalty payments by 88%,
year over year.

CONSOL Marine Terminal maintained its

100% environmental
compliance performance.

ENVIRONMENT: MANAGING OUR OPERATIONAL FOOTPRINTFORWARDPROGRESS• Consolidating our companywide environmental compliance2022 ENVIRONMENTAL PERFORMANCE INDICATORS

function into the corporate environmental department, as

We are proud of the progress made in our environmental performance

we seek to achieve full integration and standardization ofenvironmental processes.

indicators which provide specificity on our environmental programs,
policies, and performance.

In 2023, we plan to:2022 CORPORATESUSTAINABILITY REPORT• Continue implementation of our GHG reduction plan, with

 Environmental Compliance Record

99.9%

installation of additional methane emissions control systems at

 Volume of Water Reused in Operations (Million Gallons)738

 Volume of Water Treated and Discharged (Million Gallons)

15,899

 Number of Gas Wells Plugged58 Surety Bonds Released ($MM)$18.3

 Carbon Offsets Generated (Tons of CO2e)

265,000

 Agency-Issued Notices of Violation11

to integrate certain field sensitive suppliers into our sustainability

 Environmental Penalties Paid

$34,351

data collection and environmental training processes.

 Off-Containment Spills of Hydrocarbons (<1 BBL in Volume)0• Establish a mechanism to post alternative financial assurances Total Companywide Environmental Expenditures$65,841,497

the PAMC.
• Develop a water and waste stewardship plan to promote

CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT

over the past year. Below is a summary table of key environmental

consistency in data collection and establish a baseline uponwhich additional quantitative targets could be established in
the future.
• Leverage our supply chain management team and technologies

associated with certain long-term water treatment obligations, tofacilitate surety bond reductions over time.

CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT12ENVIRONMENTAL METRICS:

2022 PERFORMANCEDISCUSSION/STATUS

GHG Emissions:
50% reduction in absolute levels of direct
operating GHG emissions (scopes 1 and 2)
by 2026, compared to a 2019 baseline of
8,164 thousand tonnes as CO2e.

6,148 thousand tonnes as CO2e, a 24.7%
reduction compared to baseline.

In progress. For more information, please
see the Emissions and Energy section.

Effluent Limit Exceedances:
Experience fewer than 12 instances ofnoncompliance with NPDES permit limits,
representing a 20% improvement over
2018–2021 averages.

8 exceedances were reported, representing
a 47% improvement over 2018–2021
averages.

Achieved.

Water Stewardship:
Decrease reliance on surface andgroundwater sources by increasing thevolume of wastewater utilized in operations,year over year.

738 million gallons of water reused in
Achieved.
operations, representing a record settingvolume and an increase of 17 million gallons
compared to 2021.

ENVIRONMENT: MANAGING OUR OPERATIONAL FOOTPRINTFORWARDPROGRESS20
16
122022 CORPORATESUSTAINABILITY REPORTENVIRONMENTAL COMPLIANCEPERFORMANCECONSOL has a team of technical professionals dedicated to environmental
permitting, compliance, and legacy operations management. Our system

TOTAL AGENCY ISSUED NOTICES OF VIOLATION
BY OPERATIONAL SEGMENT, 2017–2022
20
16

for managing compliance relies on good communication, both within our

128company and with our contractors and regulators, coupled with a robust

84data management system. Our database is programmed to notify the

40

responsible person immediately if operating conditions change at our

0

2017

2018

2019

2020

2021

2022

water discharge and handling facilities, or if concentrations of regulatedparameters are approaching a permit limit. Through these notifications,

MESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

11
8

2017

2018

PAMC

Itmann #5

2019

we can proactively make operational adjustments to achieve continuous
compliance.
All employees, contractors, and visitors receive informational environmental$1,2001000$1,000

800

$800

600

$600

400

$400

200

$200

0

$0

training annually, while employees and contractors directly responsible
for environmental operations, inspections, and compliance receive
technical environmental training on an annual basis. The technical training
incorporates training in spill preparedness and response, prevention andcontrol, and countermeasures. In addition, our Emergency Readiness Plans
incorporate guidelines for environmental incident response.
2017

2018

2019

2020

2021

2022

In 2022, we achieved a companywide environmental compliance record
exceeding 99.9% for the 10th consecutive year, as measured as the rate ofcompliance with NPDES permit effluent limits. This rate reflects 8 instancesof self-reported, temporary noncompliance with water discharge permits,compared to 9 in 2021. CONSOL Marine Terminal continued to maintain70000
its 100% environmental compliance performance record since tracking

commenced in 2012. Companywide, our total Notices of Violation (NOV)
65000
increased to 11 in 2022, compared to 10 in 2021. Of the 11 NOVs, 3 were
60000
administrative violations, 2 were related to erosion and sedimentation

$125
2017

2018

PAMC

Itmann #5

Legacy Operations

$154

$44
2019

2020

$282
$34
2021

Baltimore Marine Terminal

2022
Legacy Operations

70,00065,00060,00050,000throughout 2022. In 2022, we paid a total of approximately $34,000 in
45000

45,00040000

40,000the year.

2022

COMPANYWIDE VOLUNTARY ENVIRONMENTAL
EXPENDITURES, 2019–2022

50000
wastewater. There were no NOVs related to water quality or subsidence

as companywide achievement of 0 water quality related violations during

2021

Baltimore Marine Terminal

Total

55,0002020 in violations
2021 at PAMC,
2022year over year, as wellreflective 2019of the 44% reduction

11$1,01255000

control, 5 were process related, and 1 was related to spills/releases of

2020

10

TOTAL ENVIRONMENTAL PENALTY PAYMENTS
BY OPERATIONAL SEGMENT, 2017–2022

1200

environmental penalties, compared to $282,000 in 2021. The decrease is

13

13

Total

Thousands

CONTENTS

18

Environmental
Compliance
Expenditures

2019

2020

2021

2022

$58,957,324$46,014,029$56,250,928$65,841,497

ENVIRONMENT: MANAGING OUR OPERATIONAL FOOTPRINTFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTAs a new metric for the 2022 report, we are including our total

Although our current GHG reduction targets do not include Scope

companywide environmental expenditures. These environmental

3 emissions, as CONSOL does not have direct control over such

expenditures have been tracked since 2019 and include categories

emissions, through our technology initiatives, we are partnering tosuch as permitting, stream mitigation, water treatment, reclamation,

develop opportunities that could reduce Scope 3 emissions in thegas well plugging and environmental personnel. In 2022, ourfuture. We estimate and report Scope 3 emissions based on the “useenvironmental expenditures totaled $65,841,497, an increaseof sold products” category and employee commuting, and exclude

of 22.5% compared to the average for the prior 3-year period.

any upstream emissions associated with our suppliers.

These expenses will fluctuate year over year, for reasons such aschanges to mining conditions that increase the likelihood of mine
subsidence, stages of major projects, including operational or refusearea expansions, the pace of reclamation projects, the timing of

CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

regulatory authorizations to commence operations, weather relatedchanges that increase the volume of water requiring management,
treatment, and discharge, or the number and condition of gas wells
requiring plugging in advance of mining activities. The magnitude
of our environmental expenditures reflects our commitment to
our Social License to Operate, environmental compliance, andcontinuous improvement.

measured annually. We will continue to disclose our Scope 1, 2,
and 3 emissions in our sustainability reports and other external
disclosures, such as CDP. For this report, a third-party was engaged
to provide feedback on the completeness and accuracy of our GHG
emissions data, as a first step toward seeking assurance of our datain the future.
Our main sources of direct operating greenhouse gas emissions are:• Release of fugitive methane from our underground mines tocreate a safe working environment (scope 1)

EMISSIONS AND ENERGY• Emissions from the use of purchased electricity (scope 2)

In October 2021, we were proud to advance our Forward Progress• Other emissions, including purchased fuel consumed insustainability initiative with the announcement of the Company’s
greenhouse gas (GHG) emission reduction targets. These targets
complement our technology, growth, and diversification initiatives,and exemplify the alignment of CONSOL’s ESG management
approach with our corporate strategic goals.

connection with the operation of fleet vehicles, mobile equipment,
and stationary equipment used for mining and support activities(scope 1)

DIRECT OPERATING EMISSIONS BY CATEGORY
6% 1%

As described earlier in this report, we have set an interim goal toreduce our direct operating greenhouse gas emissions (referred to
as Scope 1 and Scope 2 emissions) on an absolute basis by 50%
over a five-year period (or by the end of 2026), as compared to2019 baseline levels and measured as the rate of carbon dioxide
equivalents (CO2e) emitted. In addition, CONSOL announced its
long-term goal to strive for net zero direct operating greenhouse gas
emissions by 2040 (or sooner if feasible).

14

Progress on our efforts toward achieving these goals is

Mining Fugitive
Emissions (Scope 1)
Purchased Electricity(Scope 2)
Other Scope 1, Including
Fuel Usage

93%

ENVIRONMENT: MANAGING OUR OPERATIONAL FOOTPRINT

GREENHOUSE GAS (GHG) EMISSIONS 1

for regulatory reporting under subpart FF (for the UndergroundThe summary of CONSOL Scope 1, Scope 2, and Scope 3 emissions

FORWARDPROGRESS

for the past year of 2022 are presented below. Scope 3 emissions
include and are limited to the use of sold products and employee

MESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONof the MRR. To estimate our emissions associated with fuel usage,
Corporate Climate Leadership–Emissions Factors for Greenhouse

SCOPE 1, SCOPE 2, SCOPE 3 EMISSIONS SUMMARY)CONTENTS

Systems) and subpart C (for Stationary Fuel Combustion Sources)
we rely on emissions factors published by the U.S. EPA’s Center forcommuting categories.
2022 CORPORATESUSTAINABILITY REPORT

Coal Mining Sector), subpart W (for the Petroleum and Natural Gas(Thousand metric tons CO2 equivalents) 				2022

 Total Direct GHG Emissions (Scope 1)

5,778

 Total Direct GHG Emissions (Scope 2)371

Gas Inventories. Finally, emissions associated with our use ofpurchased electricity is a location-based estimate, relying on output
emissions rates obtained from EPA’s eGRID 2021 database, for the
RFC West (Ohio Valley) region.

 Total GHG Emissions Attributable to CONSOL Energy

6,148

As mentioned above, we’ve historically reported scope 3 emissions

 Total Direct GHG Intensity (metric tons CO2e/BBTU coal produced)

9.00

for 2 categories: the use of sold products and employee commuting

 Total Other Indirect GHG Emissions (Scope 3)

59,976categories. Using CDP guidance for coal producers, the use ofsold products category is calculated assuming a 1-to-1 sales to

We currently do not operate in any areas where our greenhouseproduction ratio, combined with default emissions and oxidation

gas emissions are regulated or limited, including fugitive methane

factors published by the Intergovernmental Panel on Climate

emissions from the coal mine sector. We continue to monitor

Change for the “other bituminous” and “coking coal” categories, as

regulatory developments closely and follow applicable requirements

appropriate. To estimate our scope 3 emissions associated withfor emissions reporting. Further, those specific minor sources

employee commuting (which are minor in magnitude and accountincluded under the “other scope 1” emissions are sources that are:for much less than 1% of the total scope 3 emissions), we include(i) identified in the related facility air quality permits or (ii) are

multiple reasonable assumptions. These include, for example,

otherwise included in the annual emissions inventories reported tothe use of passenger vehicles and round-trip mileage traveled,

OUR TEAM

the state regulatory authorities, where applicable.

combined with emissions factors published by the U.S. EPA’s

GOVERNANCE, ETHICS, AND COMPLIANCE

Under the U.S. EPA’s mandatory greenhouse gas reporting rule

ABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEINNOVATION AND STRATEGY(MRR), we are required to disclose the direct Scope 1 emissions

SUSTAINABILITY INDEX

our direct operating emissions and 99% of our scope 1 emissions

DISCLAIMER
POINT OF CONTACT

from our operations on an annual basis. Approximately 93% ofconsist of coal mine methane gas, which is legally required to bevented to the atmosphere for the safety of our miners working
underground. We measure or estimate our scope 1 emissions
based upon sources, assumptions, and methodologies accepted1
Estimates of greenhouse gas emissions are reported as CO2 equivalents
and include carbon dioxide, methane, and nitrous oxide assessed at global
warming potentials of 1, 25, and 298, respectively, consistent with the U.S.
EPA Greenhouse Gas Mandatory Reporting Rule.

15

Center for Corporate Climate Leadership–Emissions Factors forGreenhouse Gas Inventories. In 2023, we will endeavor to evaluate
and leverage data collection tools that could help us expand or refine
our scope 3 emissions estimates to incorporate additional categories
in the future, as appropriate.

ENVIRONMENT: MANAGING OUR OPERATIONAL FOOTPRINTFORWARDPROGRESSOUR TOTAL DIRECT OPERATING EMISSIONS FOR 2022 TOTALED 6,148

approximately 915 thousand tonnes of CO2e to date. In

THOUSAND TONNES AS CO2e, A 24.7% REDUCTION COMPARED TO THE

2022, representatives from our safety and engineering teams

2019 BASELINE.

participated in a technical industry/regulatory working group

This reduction has been influenced by multiple factors, including theare required for installation and operation of the technologythat developed safety criteria for regulatory approvals that

installation of methane emissions control technologies, progressive
sealing in our mining operations, and varying production levels. In the near2022 CORPORATESUSTAINABILITY REPORT

term, our direct operating emissions may temporarily increase, related
to recommencing operation of the 5th longwall at PAMC and increasing
production and processing capacities at the Itmann Mining Complex.
Currently, we do not expect the increase to impact achievement of ouron active mining section degasification boreholes, a key
step in preparation for deployment of additional systems
beginning in 2023.
To reduce ventilation system methane emissions, weare evaluating the opportunity to install regenerative

CONTENTS

interim (2026) or long term (2040) GHG reduction goals.

thermal oxidizer technology, as needed, to further support

MESSAGE FROM OUR CEO

The Pathway to Our GHG Emissions Reduction Goals.

ARPA-e sponsored REMEDY project, we are partneringachievement of our goals. In addition, under our U.S. DOE

2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONAs stated above, approximately 93% of our direct operating emissions are

ABOUT CONSOL ENERGY

a safe working environment for our miners underground. These emissions

ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAM

related to fugitive methane that must be vented to the atmosphere to create
are generally classified as either mine degasification system or mine
ventilation system emissions. Given the proportion of our direct operating
emissions associated with mine methane, taking measures to reduce these

DISCLAIMER
POINT OF CONTACT

that are challenging to abate using existing technologies.
Depending on the success of the project and commercial
viability of the technology, we could deploy this technology

TOTAL DIRECT OPERATING EMISSIONS SINCE 2019 BASELINE(THOUSAND TONNES AS CO2E)

such as mine methane capture or beneficial use of mine

10,000

Scope 1

2019
Balance8,164

Scope 2

Total Direct Operating Emissions

goals. In parallel, we seek to evaluate other opportunities
methane that could also support achievement of ourgoals, depending on factors such as safety, capital cost,complexity, and technology readiness level.

8,000
6,396

6,172

6,000

6,148

Concurrently, we continue to evaluate opportunities
Interim
50%
Target4,082

to reduce our Scope 2 emissions, associated with theelectricity we purchase to power our operations. In 2022,

4,000

our electric consumption totaled 776 GWh. Since 2017,
2,000

0

2040
Net Zero
Aim

2019

2020

2021

2022

2023

2024

2025

2026
TargetSince 2017, together with our partner Environmental Commodities

2040
Targetwe’ve participated in multiple demand response programs
under which we agree to curtail electric usage if needed in
response to peak demand events. The data we’ve obtainedsince joining the program have informed our decisionCorporation, we’ve piloted the methane destruction program at PAMC.

making with respect to process and operational efficiencies

The program has deployed methane emissions control systems to reduce

at certain enrolled facilities.

emissions from degasification boreholes located on sealed sections of
16

certain low concentration ventilation system emissions

at our mines as an additional means to achieve ourThousand Metric Tonnes CO2e

SUSTAINABILITY INDEX

develop a catalytic methane oxidation technology to target

emissions is primary to achieving our GHG reduction goals.

GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYwith Johnson Matthey and Oak Ridge National Lab to

the Bailey mine and has achieved a cumulative emissions reduction of

ENVIRONMENT: MANAGING OUR OPERATIONAL FOOTPRINT

To achieve our long-term aim by 2040 or sooner, we envision fullscale deployment of methane abatement or capture technology to

FORWARDPROGRESS

mitigate emissions from our mining operations. Consistent with
our focus on innovation, we will continually evaluate opportunities
to reduce the other, minor sources of Scope 1 emissions such as
through electrification of our vehicle fleet over time. We also aim to2022 CORPORATESUSTAINABILITY REPORT

mitigate Scope 2 emissions, through means such as the purchaseof renewable power or the deployment of solar energy on former orunderutilized mining property. Alternatively, our U.S. DOE sponsored
21st Century Power Plant (21CPP) project seeks to design anapproximately 400 MWe, waste coal and biomass fueled power plant

CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT

located in the vicinity of the PAMC. Equipped with Bioenergy with
Carbon Capture and Storage (BECCS), the plant is being designed
to achieve net negative CO2 emissions. If the project advances to

Safety, Assumptions, and Uncertainty.
Depending on factors such as the speed of technology development,
efficiency improvements, and business growth or businessdiversification, our targets could change, accelerate, or decelerateover time. In the interest of transparency, we will report on any
developments that could influence this longer-term ambition, as they
become impactful.
Critically, our interim 2026 target further assumes aggressiveschedules for design, regulatory approvals, procurement, siteacquisition, installation, and commissioning of the emissions
control devices expected to be deployed, the timing of which arelargely outside of our control. Any unanticipated delays or extended
schedules could impact our ability to meet our goals within thefull scale, our mining operations could source power from the plant,suggested timeframe.

to abate scope 2 emissions. Finally, our goals could rely on the use

Further, regardless of how business conditions change, weof good quality carbon offsets to account for those emissions thatcannot be mitigated or avoided.
As stated above, our targets exclude Scope 3 emissions associatedconstantly remain focused on our core values of safety andcompliance, and if at any time we believe our emissions reduction
efforts could compromise safety or conflict with operations, thewith the use of energy products we sell. However, our early-stage

safety of our employees will always take precedence.

CREATING STAKEHOLDER VALUE

technology initiatives, strategic partnerships, and other endeavors

We will proceed diligently toward achieving our GHG reduction goals;

OUR TEAM

and deployment of advanced technologies like Carbon Capture

GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

17

described throughout this report focus on alternative uses for coal
Use and Storage (CCUS), which could positively impact Scope 3
emissions across our value chain. Additionally, the quality and highenergy content of the coal we produce at PAMC translates to a lower
carbon intensity compared to other competing fuel ranks. This,in turn, creates an opportunity for our product to help customers
reduce their own GHG emissions intensity, thereby lowering scope 3
emissions. For more information, please refer to the Innovation andStrategy section.

however, several considerations, including but not limited to thosefactors outlined above, could impact the timing and magnitude ofour performance. We will maintain flexibility in our environmental
endeavors, just as we maintain flexibility in our operations.
For more information, please see our GHG reduction supplement posted on our
website, and the corresponding press release dated October 13, 2021.

ENVIRONMENT: MANAGING OUR OPERATIONAL FOOTPRINTFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTNON-GREENHOUSE GAS EMISSIONSWATER AND WASTE MANAGEMENT

Our approach to management of non-greenhouse gas emissions

Water is a vital component of our mining and coal processing

is largely driven by the terms of our air quality operating permits.

operations. Accordingly, we regularly evaluate both the quality and

These permits establish operational emissions limits thatquantity of water required and available for our use, as part of ourincorporate U.S. EPA developed National Ambient Air Quality

facility planning processes. To reduce our reliance on local waterStandards (NAAQS) for pollutants considered harmful to publicresources, we endeavor to reuse as much water as possible,. For

health. Consistent with compliance reporting and estimation

instance, we regularly update our facility level water balance longrequirements for applicable regulated sources, we disclose ourrange plan for PAMC, which evaluates incidental underground mineaggregate emissions of volatile organic compounds (VOCs),

water volumes and mine pool management.

Particulate Matter (PM), Carbon Monoxide (CO), Nitrogen Oxides
CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITION(NOx), and Sulfur Oxides (SOx) in our annual sustainability reports.
Combined with permit compliance requirements, this annual

Although water is crucial to facilitate operations, we believe ouroverall water risk is low. This conclusion is supported by the World
Resource Institute’s Aqueduct Water Risk Atlas, which classifies theassessment of non-greenhouse gas emissions provides insight
into opportunities for potential emissions reduction in the future.

CRITERIA POLLUTANT EMISSIONS (SHORT TONS)

areas where our operations are located as “low” or “low-medium” foroverall water risk and water stress.

Criteria Pollutant Emissions (short tons) 				2022Even so, we have set goals around key areas of water resource Volatile Organic Compounds (VOCs)

148

conservation:

 Particulate Matter ≤10 um in Diameter (PM10)181

1. Maximize the reuse of process water in operations

 Particulate Matter ≤2.5 um in Diameter (PM2.5)

82.6

2. Reduce withdrawals to minimize impacts to local water resources

CREATING STAKEHOLDER VALUE Carbon Monoxide (CO)0.206

OUR TEAM Nitrogen Oxides (NOx)0.563

 Sulfur Oxides (SOx)

0.019

ABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT

GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGY

3. Reduce the volume of wastewater treated and discharged
through effective minepool management
All our discharges are directed to surface water bodies, such as
rivers and streams. In 2022, approximately 93% of discharges
occurred at conventional mine water treatment facilities associated

SUSTAINABILITY INDEX

with our legacy operations, where site specific environmental

DISCLAIMER

underground mine water and local ground and surface water

POINT OF CONTACT

control strategies are required to prevent communication between
sources. Our water treatment facilities are operated to comply withthe permit effluent limits assigned by the applicable regulatory
authorities, which helps protect local water resources.
Acid rock (or acid mine) drainage occurs when pyrite, the mostcommon sulfide present in coal-bearing strata, is exposed to waterand air. Acid rock drainage is not predicted to occur during or aftermining at any of our currently authorized active mining operations.

18

5% 2%OUR OPERATIONAL FOOTPRINTENVIRONMENT: MANAGING

5% 2%

5% 2%
2022 WATER
WITHDRAWALS BY TYPE
Surface Water

5% 2%
At approximately
Surface Water 25% of our legacy mine water treatment facilities, the
5% as2%acidic, and we actively mitigate it with
wastewater may be classified
Ground Water

conventional water treatment processes. In our active operations, we

FORWARDPROGRESS

Municipal Water

Municipal Water
Surface Water

strive Surface
to prevent
Wateracid mine drainage through measures such as material
93%

management, contemporaneous reclamation, alkaline abatement, andGround Water
Surface Water

Ground Water
Surface Water

Municipal Water
Ground Water

Municipal Water
Ground Water

capping areas in accordance with regulatory requirements.

93%coal preparation, streamflow
At our active operations, we use water for
Municipal Water

2022 CORPORATESUSTAINABILITY REPORT

augmentation, cooling machinery
surfaces, inhibiting ignition, and/or dust
93%

2,500

CONTENTS

withdrawals are necessary to augment streamflow to mitigate risk
2000

2,000

MESSAGE FROM OUR CEO

1500
2500
to prevent dewatering of local aquifers and to maintain the aquifer as a2022 HIGHLIGHTS, AWARDS, AND RECOGNITION 2500

source for existing human and ecological uses.
1000
2000

our impacts to surface or groundwater sources. Where groundwater

In 2022, surface water withdrawals increased by 18%, compared to 2021. 2,000
500
1500

ESG MEMBERSHIP AND COLLABORATION

1500

1,500
0
1000
areas,
which requires
withdrawal
to provide
for permissible
2017
2018
2019
2020
2021 augmentation
2022

1000

impacts to headwater streams during refuse area construction and
5000

OUR TEAM

18000
17000
16000
15000
14000
13000
12000
11000
10000

19

Million Gallons

0
1,000

0

738 million
continually2017setting
20182019 gallons
2020 as we
2021
2022 seek to optimize our water

0

2017

18,00017000
volume of water reused is representative of reuse within our own operations.

17,00016000

16,00018,000

13000
16000
12000
15000
11000
14000
10000
13000

17,000

2017

2018

2019

2020

2021

2022

12000
11000
10000
2017

2017

2018

2019

2020

2021

2018

2019

2020

2021

2022

2022

796

883
2,222

1,678

1,753
1,934

1,934

1,678

1,753

883
2018

2019

2020

2021

2022

2017

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

796
2017
883

TOTAL WATER DISCHARGES, 2017–2022

18000
the year, no water was transferred to third parties for reuse, and the total

15000
18000
14000
17000

1,934

2,222

500
1,500

500

Million Gallons
Million Gallons

SUSTAINABILITY INDEX

1,000
2,000

500
796

2017
2018
2019
2020
2021
2022
In 2022,the totalvolumeof waterreusedin operations
increased to a record

Million Gallons

INNOVATION AND STRATEGYPOINT OF CONTACT

0

1,500
2,500

1,000

balance and incorporate additional sources into our reuse system. During

GOVERNANCE, ETHICS, AND COMPLIANCEDISCLAIMER

This change is primarily due to expansion of the PAMC coal refuse disposal

Million Gallons
Million Gallons

2,500

2000

500

2,222

1,753
TOTAL WATER WITHDRAWALS,1,678
2017–2022

associated with subsidence, the rate of groundwater extraction is managed

ABOUT CONSOL ENERGY

CREATING STAKEHOLDER VALUE

93%
93%

2500

operation.

93%

Municipal Water

suppression. We actively reuse process water for these purposes, limiting

ENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT

5% 2%

Ground Water

16,00015,00014,00013,00012,00011,00010,00015,00018,00014,00017,00013,00016,00012,00015,00011,00014,00010,00013,00017,051

16,312
15,284

14,657
17,051
12,943

17,051
14,657

16,312

16,312
15,284

15,284
15,89915,89915,89914,657
12,943
2017

2018

2019

2020

2021

2022

2017

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

12,00012,943
11,00010,0002017

ENVIRONMENT: MANAGING OUR OPERATIONAL FOOTPRINT

Our annual water accounting is prepared in alignment with the goals

FORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITION

800
and objectives of the CDP water security reporting guidance and more
750
specifically, the requisite standardization needed to facilitate relevance,
700
accuracy, consistency, and transparency of disclosure. We endeavor to650
progress our water reporting each year, through robust monitoring and600
estimation of relevant water withdrawal and discharge sources at the550
facility level. For example, PAMC water performance data are systematically500
fragmented according to freshwater (product extraction and ancillary
450
operations), surface water impoundment (product preparation) and400
2018 mine
2019
2020
2021
2022
undergroundwater production.
In the future,
we will endeavor to

VOLUME OF WATER RECYCLED/REUSED,
2017–2022
800
750
Million Gallons

Water Accounting Methodology

700
650
600
550
500

498

450
400

2018

2019

consistently apply this approach companywide, to increase the granularity ofdata collected and to potentially serve as a baseline upon which additional
quantitative goals surrounding water-related risks could be established,
while advancing our contingency planning process.

ESG MEMBERSHIP AND COLLABORATIONWATER MANAGEMENT AT THE CONSOL MARINE TERMINALCREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT20

The CONSOL Marine Terminal has also established a sustainable
water recycling program, with the goal of minimizing the use ofmunicipal water for dust suppression and equipment washing.
Since 2017, the Terminal has recycled more than 14.6 million
gallons of water and reduced municipal withdrawals by 43%.
When coupled with prior tree planting activities and ongoingstreet-sweeping operations at the Terminal, waste management
achieves the added benefit of decreasing total nitrogen (TN) andtotal phosphorus (TP) loads to the Patapsco River.

738

678

ABOUT CONSOL ENERGYENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT

721

689

2020

2021

2022

ENVIRONMENT: MANAGING OUR OPERATIONAL FOOTPRINTWASTE MANAGEMENTFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONCONSOL’s goal of limiting our impacts extends beyond our permit
boundaries, as we work to minimize the volume of waste generated
for offsite disposal while increasing recycling. The waste generated

ENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEX

slurry impoundments are classified as high hazard facilities, except
for the Pennsylvania legacy slurry impoundment, which is classified
as a low hazard facility.

during mining is primarily coal refuse material or other waste

Our multi-faced approach to slurry impoundment management

generated from coal cleaning or preparation operations. That

begins with rigorous standards for design and construction. During

waste contains coal, clay, and other organic and inorganic material

operation, our management process consists of five generaland has not been classified as hazardous material under the U.S.

components: monitoring and measurement, routine inspections,

Federal Resource Conservation and Recovery Act. It has also been

independent certifications, regulatory oversight, and emergency

characterized as a non-hazardous secondary material by the United

preparedness. We have committed to disclose any incidents

States Environmental Protection Agency. Although it is classified

occurring at CONSOL’s slurry impoundments that trigger emergency

as non-hazardous, CONSOL is evaluating ways to reduce coalresponse protocols on an annual basis. In 2022, no events triggered

waste material disposal, aligning with our broad environmental

activation of emergency response protocols.

management approach. More information about these specificefforts is provided in the Innovation and Strategy section of this report.

Monitoring and Measurement
In accordance with permit requirements, we use monitoring

ABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATION

according to the potential damage that a failure could cause. All our

TAILINGS FACILITY MANAGEMENT—ANNUAL DISCLOSURE

devices such as piezometers that are proactively monitored to

Certain coal preparation processes produce fine waste coal in the

topography of our active facilities through quarterly aerial surveys.

inform of conditions that could potentially indicate instability of
the impoundment embankments. We also track changes in theform of a slurry stream containing ~20–30% solids by weight. This
fine waste coal stream (or “thickener underflow”) is sent for disposal

Routine Inspections

in slurry impoundments (or “tailings facilities”). At PAMC, CONSOL

Qualified personnel conduct routine inspections of our slurry

currently has one active slurry impoundment, two inactive slurry

impoundments at a frequency determined by the facility’s hazard

impoundments, and one slurry impoundment under construction.

classification. Those personnel must demonstrate competency

CONSOL is also in the process of reclaiming two legacy slurry

through completion of MHSA (Mine Health Safety Administration)

impoundments, one in Ohio and one in Pennsylvania. In addition,

training requirements. Through CONSOL’s safety program, we

our operations include multiple sediment ponds and impoundments

empower employees, contractors, and visitors to stop operations

DISCLAIMER

classified as regulated dam structures.

if they believe safety is being compromised. This empowerment

POINT OF CONTACT

These facilities are currently regulated by the U.S. Mine Safety and
Health Administration (MHSA), as well as applicable state regulatory
authorities. A slurry impoundment failure could create significant
impacts, including loss of life or material impacts to the community,
physical property, and the environment. Impoundments and dams
are classified by three hazard levels: low, significant, and high,21

extends to our impoundment inspectors, who have the authority
to initiate emergency response protocols if they observe abnormal
conditions.

ENVIRONMENT: MANAGING OUR OPERATIONAL FOOTPRINT

Independent Certifications
FORWARDPROGRESSAs required by regulation, fully licensed professional engineers

combined refuse disposal facility at the Itmann Preparation Plant.

conduct independent inspections of our slurry impoundments. The

Deployment of combined refuse reduces risk associated with tailings

inspectors are responsible for certifying that the impoundments

facilities and minimizes our physical footprint, consistent with ourare constructed and maintained in accordance with the documents

environmental policy.

and designs submitted to the appropriate regulatory agency and2022 CORPORATESUSTAINABILITY REPORT

confirming that no adverse conditions that could affect stability
have been observed. These independent certifications occur at least
annually, and more frequently where required.

Regulatory Oversight
CONTENTSMESSAGE FROM OUR CEO

In addition to routine and annual inspections, our impoundments are
regularly inspected by representatives of MHSA and applicable stateagencies responsible for regulating impoundments.

ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXOur Tailings facility management approach, including our approachto emergency preparedness and response, is in compliance withapplicable regulatory requirements prescribed by MSHA and stateauthorities with oversight of dam safety, as applicable. In thespirit of continuous improvement, we plan to evaluate other best
management practices and systems, such as the Global Industry
Standard on Tailings Management.

Emergency Preparedness

RECLAMATION, CLOSURE, AND
BIODIVERSITY

In addition to our Emergency Readiness Plans (ERPs), we also

Our environmental restoration efforts commence before mining

2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY

Notably, in 2022, we commenced construction and operation of amaintain supplemental Emergency Action Plans (EAPs) specific to
our high hazard impoundments where required by regulation. These
plans are regularly reviewed and endorsed by regulatory authorities
and local emergency management agencies as appropriate. Each
EAP identifies protocols to be followed if abnormal conditions areobserved, ranging from surveillance to evacuation. The EAPs include
inundation mapping that delineates the probable area of impact inthe event of a failure. Importantly, the authority to initiate emergency
response protocols extends to our employees, contractors, qualified
inspectors, and independent certifying engineers. At our active
impoundments, our Senior Vice President of operations, who reports

begins. To promote a safe working environment for our miners
underground, we identify, locate, and plug oil and gas wells as partof our mine plans. As part of this effort, we regularly remediate
and restore abandoned gas wells that would otherwise create anenvironmental liability for the applicable state regulatory authorities,
contribute to otherwise unabated fugitive methane emissions, andpose a safety risk to our coal operations underground. In 2022, outof 58 wells plugged in advance of mining, 38 were abandoned.
After mining is complete, our goal is to return the land safely,
compliantly, and efficiently to its pre-mining status, or, to a higher

DISCLAIMER

to the CEO, is the senior executive with EAP accountability.

and more sustainable use. At PAMC, contemporaneous reclamation

POINT OF CONTACT

Innovation and Technology

operations, we are actively pursuing our environmental liability

Consistent with our overall footprint reduction and technology goals,
we are actively exploring innovative approaches that could reduce or
eliminate the need for slurry impoundments. These initiatives include
using waste coal slurry as a fuel source for our U.S. DOE sponsored
21st Century Power Plant Project; and our collaboration with OMNISBailey, LLC to transform waste coal into a refined energy product.
22

occurs on the surface as operations are expanding. At our legacy
reduction strategy while satisfying our final reclamation and bonding
obligations. Across our company and including restoration of ourlegacy properties, we strive to reclaim more area than we disturb
each year. In 2022, we reclaimed 2.4 acres for every acre of land
disturbed.

ENVIRONMENT: MANAGING OUR OPERATIONAL FOOTPRINTFORWARDPROGRESS

Through biodiversity management, we help ensure the continued

compensatory mitigation plans that seek to address our impact. In

availability of suitable habitats for the survival of species. In 2023, we

addition, certain field contractors providing ecological services tointend to update our existing Biodiversity Policy to reflect additional

CONSOL have implemented a protocol to limit the proliferation ofbest practices, standards, and commitments, with a focus on

invasive species.

avoiding, minimizing, and mitigating impacts to critical habitats andspecies. During the initial stages of project planning and consistent2022 CORPORATESUSTAINABILITY REPORTwith regulatory requirements, CONSOL works to identify andevaluate sensitive species and habitats through field investigations
conducted by qualified biologists and ecologists. Field surveys aresupplemented with searches of publicly available registries, such as
the Pennsylvania Natural Diversity Inventory (PNDI). Field surveys

CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT:MANAGING
ENVIRONMENT: MANAGINGOUR OUR
 OPERATIONAL FOOTPRINTOPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

23

of sensitive species and habitats establish baseline conditions thatcan be incorporated into facility design, permitting, construction,and reclamation plans to promote conservation. Designs andconstruction plans are modified as needed to avoid or minimize
impacts. Where impacts are permitted and unavoidable, we deploy

None of our active operations or reserve areas are in areas of
ecological significance, such as World Conservation Union (IUCN)
designation I-IV areas, UNESCO World Heritage Sites, UNESCO
Man and the Biosphere Reserves, or wetlands designated under theConvention on Wetlands of International Importance (the Ramsar
Convention).

FORWARD
PROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT CREATINGVALUECREATINGSTAKEHOLDERSTAKEHOLDER
VALUE
OUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT24

CREATINGSTAKEHOLDER

VALUE

As a leading coal producer, our activities impact a broad range ofstakeholders, including our employees, communities, business partners,
investors, government, and non-governmental organizations. Building andmaintaining relationships with these stakeholders is critical to CONSOL
and our business, and we place a strong focus on strengthening thecommunities in which we operate.

CREATING STAKEHOLDER VALUEFORWARDPROGRESS

for reasons such as third-party challenges to pending permit
applications, political delays, or community objections. In 2022, we
experienced zero non-technical delays throughout our operations.

2022 CORPORATESUSTAINABILITY REPORTThe CONSOL Cares Foundation
Our direct approach to community engagement also inspired us
to form the CONSOL Cares Foundation in 2018. The Foundation’s
mission is to improve and strengthen the communities in which

CONTENTSCONSOL operates to make them better places to live, work, andprosper. It does so by creating access to opportunities, and by

MESSAGE FROM OUR CEO

strengthening resilience and cohesion through focused giving that2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINTOUR TEAM

At CONSOL, we engage with the community in every phase of mine

$2.85 million in support of a broad range of nonprofits within our

projects, from planning to operations and after mining is complete.

strategic focus areas, including organizations that address criticalviolence. We have also contributed funding to park improvements

Part of being a good neighbor is keeping our communities informed

and other recreational facilities. The Foundation is proud to prioritizeof our operational plans during project development. Before a permit

giving in the communities that are local to our operations.

regulatory authorities solicit and consider public comments. When

CONSOL CARES DONATIONS—ALL TIME

90

a comment period draws a significant number of inquiries, CONSOL

90.0%

80

hosts public meetings to solicit feedback. For example, in the case of

80.0%

SUSTAINABILITY INDEX70

DISCLAIMER

50

60

mine reclamation and post-closure plans, we solicit feedback fromlocal organizations, landowners, and governments to determine if

70.0%
60.0%
50.0%

40

closure can be completed in a way that benefits the community.

30

Mine closure plans are required to be reviewed and updated as part

30.0%

20

of the permit renewal process, and typically occurs at least once

20.0%

10
0

every five years for all facilities.
ChurchCommunity
Food BankHospital School

VFD

Youth

Our community-based approach helps us identify and manage
risks and opportunities for both our operations and the surrounding
communities. As a result, we can avoid delays to our operations

25

Since it was founded, the Foundation has contributed more thanneeds in public safety, child welfare, addiction, and domestic

can be obtained, modified, or renewed, CONSOL and the appropriate

GOVERNANCE, ETHICS, AND COMPLIANCE

POINT OF CONTACT

promotes health and safety.

Project Planning CREATINGVALUECREATINGSTAKEHOLDERSTAKEHOLDERVALUEINNOVATION AND STRATEGYCOMMUNITY-BASED APPROACH TOSTAKEHOLDER ENGAGEMENT

40.0%

10.0%
0.0%

Church Community Food
Bank

Hospital

SchoolVFD

YouthCREATING STAKEHOLDER VALUEIn 2022, we announced our partnership with Ronald McDonald
House Charities (RMHC) and committed $2 million for the

FORWARDPROGRESSRMHC Morgantown WV expansion campaign. To support ourcollaboration, we are also creating a volunteer program that will
provide opportunities for employee engagement and participation inFoundation programs.

2022 CORPORATESUSTAINABILITY REPORTThe Foundation is led by a thirteen-member Board of Directors. The
Board is a cross-functional collaboration of employees. To further
ensure the Foundation benefits local communities, we also requirethat the board include a community representative. For additional

CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT CREATINGVALUECREATINGSTAKEHOLDERSTAKEHOLDER
VALUE
OUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

information, please visit the Foundation’s website.

During Operations
A vital component of our community engagement process ishaving “boots on the ground” in the areas where we operate. The
employees in CONSOL’s Land Department function as a first lineof communication, meeting with local residents, landowners, andlocal elected officials on a day-to-day basis. They are empowered toquickly address and resolve issues as they arise. These employees
are equipped to answer diverse questions related to property issues,
water supplies, transportation and road impacts, and overall project
development.
Our subsidence management program is a key part of our landowner
engagement strategy. CONSOL’s Land Department manages thisprogram in accordance with applicable legal requirements and bestpractices in the areas of community engagement, communication,risk and impact mitigation, and compensation. Starting early inthe facility planning process, we work to communicate with ourlandowner stakeholders about potential risks associated with ouroperations. This communication continues during and after mining
commences; in all, these relationships can span from five to ten years.
Our operations and reserve bases (including both proved andprobable reserves) are not located in or near areas considered to be
indigenous peoples’ land. Accordingly, we do not employ specific due
diligence or engagement processes with respect to the managementof indigenous peoples’ rights.

26

CREATING STAKEHOLDER VALUEFORWARDPROGRESSAFTER MINING IS COMPLETE:
POST-MINING LAND USE PLANNING
AND RESPONSIBLE CLOSURE

Foundation. Pennsylvania Energy Horizons seeks to maintain and

The Surface Mining Control and Reclamation Act (“SMCRA”) and

Creating Sustainable Value for Our Communities

various state laws establish operational, reclamation and closure
standards for our coal mining operations and require us, under2022 CORPORATESUSTAINABILITY REPORT

certain circumstances, to plug natural gas wells. Accordingly, we
accrue for the costs of current mine disturbance, gas well plugging
and final mine closure, including the cost of perpetual mine water
discharge treatment where necessary. Our estimated asset

CONTENTS

retirement obligations, which are based on our experience andpermit requirements, totaled $252 million as of December 31, 2022.

MESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITION

In 2022, our Legacy Operations group managed reclamation andmine water treatment obligations at 36 facilities associated with our(and our predecessors’) former mining operations in Pennsylvania,

ABOUT CONSOL ENERGYWest Virginia, Ohio, Virginia, and Tennessee.

ESG MEMBERSHIP AND COLLABORATIONOur community-based approach extends to management of these

ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT CREATINGVALUECREATINGSTAKEHOLDERSTAKEHOLDER
VALUE
OUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

obligations, long after mining operations are complete. As part ofthe permitting process, we develop mine site restoration plans toachieve the desired post-mining land use. The applicable regulatory
authorities review and approve these plans, which are accompaniedby the same public engagement and review opportunities that we
provide during the facility planning stages.

responsible energy transition plays out in the coming decades.

CONSOL Energy’s economic contribution to the communities where
we operate is vitally important. Throughout CONSOL’s history, ouroperations have maintained deep local roots in the Appalachianregion, continually supporting both direct and indirect economic
growth. Our direct economic contribution stems from employee
wages, employee benefits, property taxes, income taxes, sales
tax, and other taxes associated with production activities paid
to federal, state, and local governments. The Company’s total
economic impact, including operating and capital expenditures,is approximately $1 Billion annually.

PUBLIC POLICY, MEMBERSHIPS, AND
ENGAGEMENT
Public policy decisions at the local, state, and federal levels canaffect the long-term success of CONSOL and its subsidiaries.
CONSOL believes that we have a responsibility to participate in
the public policy process to protect and enhance the Company’s
interests and create value for our stockholders. We track policy
and regulatory developments at both the federal and state levels

We regularly engage with state and local community and economic

that affect both our and our customers’ operations. We actively

development organizations, with the goal of pursuing opportunities

participate in public policy development (directly or indirectly)

for former mine lands that could lead to economic growth in regions

through our memberships in trade organizations. In 2022, CONSOL

otherwise impacted by industrial downturns. We continue to partner

was an active participant in the National Mining Association, thewith the Pennsylvania Department of Community and Economic

Pennsylvania Chamber of Business and Industry, the Pennsylvania

Development and Greene County (Pennsylvania) to market

Coal Alliance, the West Virginia Coal Association, the American Coal

former mine property for industrial redevelopment, prioritizing

Council, the Carbon Utilization Research Council and America’s Power.

opportunities that create family sustaining jobs and contribute to
local economic prosperity. In 2022, CONSOL was nominated to thePennsylvania Energy Horizons stakeholder group’s leadership team,a public-private partnership sponsored by the Team Pennsylvania

27

grow the state’s industrial and energy leadership position while aCREATING STAKEHOLDER VALUE

Political Contributions
One of the ways we participate in the political process is through

FORWARDPROGRESS

political contributions. CONSOL sponsors a “CONSOL Energy
Inc. PAC,” a federally registered Political Action Committee (PAC)
funded solely by voluntary contributions from our employees andthe Board. The PAC makes its contributions in accordance with

2022 CORPORATESUSTAINABILITY REPORT

applicable federal, state, and local regulations. We publicly disclosedetailed information on the PAC’s political contributions at both thefederal and state level to the Federal Election Commission, which isavailable at www.fec.gov.

CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT CREATINGVALUECREATINGSTAKEHOLDERSTAKEHOLDER
VALUE
OUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

28

CONSOL ACTIVELY SUPPORTS POLICIES THAT SEEK TO:
1. E
 nsure energy security for the United States and its allies,
and to equitably advance a balanced energy mix of fuels forelectricity generation, transportation, and industrial uses.
2. S upport fiscal incentives and public-private partnerships that

Separately, CONSOL may make corporate political contributions

promote the commercialization and deployment of low-when permitted by law and supportive of and consistent with ouremissions technologies essential to meeting aspirational

business strategy. CONSOL Energy and its subsidiaries may use

environmental goals, such as CCUS (Carbon Capture,corporate funds to contribute to state or local candidates andUtilization and Storage).

committees, entities organized pursuant to Section 527 of theInternal Revenue Code, and other federal political committees

3. A
 dopt appropriate measures to allow energy-intensive sectors

where permitted. Contributions from corporations to federal

vulnerable to cost increases from unilateral domestic policy

candidate committees and certain other federal political committeeschanges to maintain their global competitive positioning.

are prohibited by law. In certain states, CONSOL Energy and its
subsidiaries are permitted to make corporate political contributions
to state-level candidates or committees, in compliance with state
contribution limits and registration or reporting requirements,
where applicable.

CREATING STAKEHOLDER VALUE

2022 STAKEHOLDER ENGAGEMENT SUMMARYFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEOSTAKEHOLDER

 CREATINGVALUECREATINGSTAKEHOLDERSTAKEHOLDER
VALUE
OUR TEAM• Land management• Environmental impacts• Charitable giving• Employment opportunities• Post-mining land use

As needed

Employees• Pre-shift “ramp meetings”• Quarterly Executive Management Update
Meetings• Intranet postings• 24-hour compliance hotline• Technical trainings• Safety performance• Safety training• Compensation and benefits• Professional opportunities• Company financial performance

ContinuousBusiness Partners
and Suppliers• Scheduled safety meetings• HSE (Health, Safety and Environmental) reviews• Communications through our Supply Chain
Management Department• Project opportunities• Safety performance• Safety training• Company financial performance• Ethics and business conduct

Continuous

Customers• Communications through our Marketing
Department• Coal quality• Coal pricing• Logistics and transportation• ESG (Environmental, Social and Governance) andsustainability

Continuous

Financial
Community,
Investors, Insurers,
Surety Providers,
Relationship Banks• Annual stakeholder meeting• Conferences• Quarterly earnings calls• Individual and group calls and meetings• Business performance and outlook• Financial strategy and metrics• Commodity market trends• Capital allocation process• Corporate strategy• Technology, innovation, and growth initiatives• Risk management processes• Liability reduction strategy• ESG performance• Executive compensation

Continuous

Elected Officials• Public meetings• PAC (Political Action Committee) engagement• Communications through our Government
Affairs Department• Economic contribution• Legislation and regulation impacting our and ourcustomers’ businesses• Employment opportunities• Land management• Post-mining land use• Technology, innovation, and growth initiatives

Ongoing

Regulators• Project planning and permit re-application
meetings• Required regulatory reporting• Routine compliance inspections• Regulatory compliance• Operational permitting• Land management

Ongoing

Non-Governmental
Organizations• Publicly available reports• In-person meetings• Environmental impacts• Environmental performance• Technology, innovation, and growth initiatives

As requested

GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

29

FREQUENCY• Direct contact with our Land Department• Public notices• Public meetings• CONSOL Cares Foundation• Social media

ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT

AREAS OF INTEREST

Community
Members2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGYTYPE OF ENGAGEMENTFORWARD
PROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUE OUROURTEAMTEAM
GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

30

OUR

TEAM
CONSOL Energy’s core values of
Safety, Compliance, and Continuous
Improvement guide how we manage
and conduct all our business activities.
Our team’s dedication to those values,
along with our strategic priorities of
production and cost, drives our strong
operational and financial performance.

OUR TEAM

We believe diversity, which includes business experience, geography,
age, gender, and ethnicity, invites different perspectives that benefit

FORWARDPROGRESS

our team. According to the U.S. Census Bureau, diversity in thecoal mining sector lags other industries, with women comprising
7.4% of the workforce. Although approximately 4.46% of CONSOL
employees are women, 32% supervisory or management capacities

2022 CORPORATESUSTAINABILITY REPORTin the corporate office are held by women. We will continue to foster
growth and development opportunities for all members of our team,
as we strive to attract and retain a diverse and inclusive workforce.

CONSOL’S PEOPLE: HIGHLIGHTSCONTENTS

as of December 31, 2022

 Total Number of Employees

1,860 Hourly Employees

1,249 Salaried Employees

611

ABOUT CONSOL ENERGY

 % Non-Represented Hourly

67.15

ESG MEMBERSHIP AND COLLABORATION

 % Represented Hourly

1.94

 % Salaried

32.85

 Full-Time Male Employees

1,777

As of December 31, 2022, we Full-Time Female Employees

83

employed a team of 1,860; of % Participation in Ethics and Compliance Training

100%

which 36 CONSOL Marine Terminal

 % Salaried Employees Receiving Performance Appraisals 100%

employees (1.9%) were represented

MESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUE OUROURTEAMTEAM
GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

31

 % Participation in Safety Training

100%

by a collective bargaining

 % Employees with 10+ Years of Service

42%

agreement, with 0 strikes or % Average Voluntary Retention Rate

92%

lockouts since CONSOL became an
independent company in 2017.

OUR TEAM

Throughout our long operating history, we have appreciated theimportance of retaining, growing, and developing our employees.

FORWARDPROGRESS

Our philosophy is to develop talent from within, supplemented
with external hires. We believe this approach yields loyalty andcommitment in our employee base, which in turn grows ourbusiness. At the same time, new employees can bring ideas that2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITION

support our continuous improvement mindset while contributing toour goal of a diverse and inclusive workforce.
CONSOL’s employee retention reflects the success of our

At CONSOL, we seek to create a work

engagement efforts. As of the end of Fiscal Year 2022, 42% ofenvironment where all employees canour workforce had ten or more years of Company service and ourvoluntary retention rate was 92%. Furthermore, the vast majorityof our employees live in the states where we operate, including thea healthy work-life balance, and actively

members of our executive management team. All five of our Named

manage their health.

Executive Officers (NEOs) reside within our operating region and

ABOUT CONSOL ENERGY

were promoted from within CONSOL.

ESG MEMBERSHIP AND COLLABORATION

As part of our compensation philosophy, we believe that we must

ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT

offer and maintain competitive total rewards programs for our
employees to attract and retain top talent. In addition to competitive
base wages, CONSOL offers employees bonus opportunities, a

CREATING STAKEHOLDER VALUE OUROURTEAMTEAM
GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

32

realize their greatest potential, maintain

Company-matched 401(k) plan, healthcare and insurance benefits,
healthcare saving accounts, paid time off, family leave, flexible work
schedules, and employee assistance programs.
We are committed to ensuring a harassment-free workplace forall employees. As a U.S.-based company, we strive to conduct ouroperations in accordance with all applicable U.S. federal, state, andlocal laws, including those associated with freedom of associationand the right to collective bargaining. For more information, pleaserefer to our Equal Employment Opportunity (EEO) Policy and our
Policy on Harassment in the Workplace.

OUR TEAMSAFETY AND WELLNESS
Safety is at the core of everything we do, and our goal remains ZERO life-altering accidents, or those

FORWARDPROGRESS

accidents that that would substantially interfere with one’s activities of daily life. We achieved thatgoal in 2022.
CONSOL’s safety management system (SMS) applies equally to our employees, service partners,

2022 CORPORATESUSTAINABILITY REPORTand visitors. In 2019, the CONSOL SMS was fully certified by the National Mining Association’s(NMA) CORESafety® framework.
The core principles of our safety program are employee empowerment, industrial health andwellness, and training. We empower our employees to influence their own actions and their

CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY

teammates’ actions positively and safely. At CONSOL operations, anyone at a worksite, regardlessof position or employer, is empowered and expected to stop the normal course of operations if they
believe that safety or compliance is being compromised. We emphasize this point during regularsafety meetings.
We underscore communication and delivering effective feedback—at all levels of the organizationand for all areas of responsibility. These tenets also drive our safety management approach.

ESG MEMBERSHIP AND COLLABORATIONSAFETY HIGHLIGHTS IN 2022 INCLUDED:ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT Coal Operations employees achieved a total recordable incident rate (TRIR) of 2.28, which isapproximately 51% below the national average for underground bituminous coal mines.

CREATING STAKEHOLDER VALUE OUROURTEAMTEAM
GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEX

Safety is at the core ofeverything we do, andour goal remains ZEROlife-altering accidents.

 Our PAMC MSHA significant and substantial (S&S) citation rate per 100 inspection hours wasapproximately 73% lower than the industry average during the twelve-month period ended
December 31, 2022.
 Notably, our Bailey Preparation Plant, Itmann Preparation Plant, CONSOL Marine Terminal andLegacy Operations teams each had ZERO employee recordable incidents in 2022.

DISCLAIMER
POINT OF CONTACT

Safety Innovation.
We are proud to be a pioneer and early adopter for mine safety technology. In 2022, we received a Mine
Safety and Health Technology Innovation Award from NIOSH (the National Institute for Occupational
Safety and Health). The award recognized our collaboration with Simmons Equipment Company todesign and implement an innovative scoop bucket that can lift and lower rather than only tilt up anddown. The bucket provides both operational and safety benefits, such as the ability to quickly change
attachments and provides better visibility to navigate around other workers and obstacles.

33

OUR TEAMFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORT

Contractor Management

Safety Training

Approximately 70% of our total workforce is comprised of Company

The key to incorporating CONSOL’s protocols into our safety

employees, with the remainder comprised of contractors who are

and compliance-based culture has been the engagement of ourassigned specific job functions, such as infrastructure construction

employees, contractors, and service providers at all levels throughneeded before mining. We also use contractors on a project basis

regular training and communication. Every CONSOL employee

for functions such as reclamation, construction of surface facilities,

participates in mandatory annual safety training. Depending on anor gas well plugging activities. In addition, contract security guards

employee’s work location and job function, training may consist

are stationed at the entrances to our operations.

of annual safety training required by law, task-specific training,

Our safety standards apply to all people working on CONSOL
property. We continuously focus on improving the safety
CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUE OUROURTEAMTEAM
GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

performance of our contractors, who are held to the same standardsof performance and training as our employees and must adhere
to our safety and environmental policies. In addition, our Master
Services Agreements (MSAs) include requirements related tobusiness ethics and safety.

efforts, we also conduct testing to ensure that the training has beeneffective, and we conduct personalized follow-up as needed.

LOOP: Training our Next Generation of Miners
Our LOOP training program addresses the needs of new, inexperienced
miners. The program begins with rotational training so that new miners
can become acquainted with different aspects of our undergroundOur Supply Chain Management, Safety, and Internal Audit (IA)operations. The rotation is followed by a six-month period when trainees

departments work together to select contractors who we believe

must be within the sight or sound of an experienced miner. Sessions arewill uphold our core values. Facility management regularly engages
with contractors in open and cooperative discussion about safety
performance, challenges, and risks. In addition, IA conducts regularscheduled throughout this period to review and reinforce the introductory
training material. By the end of LOOP, miners have gained important
experience and are prepared for multiple types of tasks.

audits of vendors and contractors covering a range of issues,
including labor practices, ethics, and compliance.
CONSOL has established minimum health, safety, and environmental(HSE) standards that must be met by our service partners to be

Furthermore, we offer in-house technical trainings, such as electricaltraining and mine foreman certification preparation courses, thatprovide employees with opportunities to advance their careers.

eligible to perform work at any of our operations. We employ a third-

Our training programs are complemented by daily interaction

party HSE validation service, ISNetWorld®, to assist in this capacity.

between and with team members. Their safety-related interactions

We engage TEAM Alert, also a third-party administrator, to support

positively influence our performance. They include proactive risk

our commitment to a safe, healthy, and productive work environment

analysis, hazard recognition, and documentation of safe work

free from the adverse effects of drugs and alcohol. TEAM’s fullpractices. In the event of a severe accident, we conduct an ACE

integration with ISNetworld® certifies that all contractors comply(accident cause elimination) investigation to identify the root causewith CONSOL’s non-DOT (Department of Transportation) drug andfailures that led to the incident and prevent recurrence.

alcohol testing requirements.

34

or accident and illness prevention training. As part of our training

OUR TEAMFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUE OUROURTEAMTEAM
GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

35

Methane Management and Fire Prevention

Emergency Preparedness and Response

When unmitigated, coal mine methane presents a serious inherent

In the preparation and execution stages of the community

fire hazard and risk due to the mix of gas, energy, and oxygen

engagement process, there is no partner more important thanpresent underground. While our mine ventilation systems promote

emergency responders. Local emergency responders are bettera safe working environment for our miners, we further minimize

equipped to protect their communities and minimize the impact ofthese risks through management, monitoring and training. We havean incident when they are familiar with CONSOL’s operations andassigned an experienced CONSOL leader as the General Manager of

response protocols.

Enterprise Risk and Fire Prevention to oversee this critical safety matter.

Communication plays a critical role in preserving a strong

Our methane management and fire prevention program emphasize

relationship with our emergency response community. At eachcompetency, knowledge, and skills. A highlight of the program

CONSOL location, we develop and implement Emergency Readinessis providing meaningful training experiences that mimic actualPlans (ERPs), and operations teams conduct periodic drills andconditions as closely as possible, such as the opportunity to open,

evacuations to foster preparedness. The purpose of these drills is todon, and wear a self-contained self-rescuer (SCSR) in a smoke-filled

evaluate emergency plans, identify resource requirements, increase

simulated mine. Designated employees also practice extinguishingcoordination, and improve the overall performance of personnel

fires in a simulated setting, using CONSOL’s foam packs, portable

involved in the response. Additionally, our Emergency Readinessfoam generators, and firefighting hoses. We believe our hands-on

plans are updated and reviewed by management within the direct

approach to fire and risk management, mitigation, and training

line of operational supervision on a regular basis. Our Senior Vice

exemplifies our culture of safety and continuous improvement.

President of Operations, who reports to the CEO, is the executive
with accountability for the active operations ERPs.

OUR TEAM

To ensure our readiness for emergencies, we train mine rescue teams and take part in international competitions to benchmark against othercompanies. In 2022, CONSOL finished fourth of 22 teams in the International Mine Rescue Competition.

FORWARDPROGRESSSAFETY KEY PERFORMANCE INDICATORSTOTAL RECORDABLEINJURY FREQUENCY
RATE

2022 CORPORATESUSTAINABILITY REPORT

Employees
PAMC

CONTENTSMESSAGE FROM OUR CEO

Contractors

WORK-RELATEDFATALITIESEmployees

Contractors

REGULATORY VIOLATIONS
Total Regulatory Citations(MSHA or OSHA)

Significant &Substantial

Orders

2017

3.70

3.00

0

0

858

220

2

2018

3.20

2.60

0

0

1134

171

0

2019

1.77

3.29

1

0

1230

138

0

2020

1.76

2.84

0

0

804

87

5

2021

2.25

3.89

0

0

695

82

4

Itmann

2020

0.00

0.00

0

0

15

2

0

2021

3.96

0.00

0

0

34

4

0

ABOUT CONSOL ENERGY

Coal Operations2

2022

2.28

2.88

0

0

1304

137

4

ESG MEMBERSHIP AND COLLABORATIONCONSOL Marine
Terminal

2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUE OUROURTEAM
TEAM

Legacy Operations

GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER

2017

0.00

1.60

0

0

0

0

0

2018

0.00

0.00

0

0

0

0

0

2019

0.00

0.00

0

0

0

0

0

2020

0.00

0.00

0

0

0

0

0

2021

0.00

0.00

0

0

0

0

0

2022

0.00

2.32

0

0

0

0

0

2017

0.00

0.00

0

0

0

0

0

2018

0.00

3.35

0

0

1

0

0

2019

0.00

2.94

0

0

0

0

0

2020

0.00

0.00

0

0

3

0

0

2021

0.00

0.00

0

0

3

0

0

2022

0.00

0.00

0

0

2

0

0

POINT OF CONTACT236 eginning in 2022, as Itmann transitioned from project to the operational development phase, Itmann and PAMC safety metrics have been aggregated intoB
the Coal Operations category. We expect these metrics to be further refined as Itmann achieves full production capacity.

OUR TEAMEMPLOYEE HEALTH AND WELLBEINGFORWARDPROGRESS

Industrial Health

To encourage employees to invest in their own well-being, weoffer a voluntary wellness incentive program. CONSOL’s WellBeing Program consists of an annual comprehensive biometricscreening and participation in one-on-one wellness coachingsessions with a professional coach. The wellness coaches work

2022 CORPORATESUSTAINABILITY REPORT

to build relationships and provide support to all employees to help
them identify and reach their unique goals for health and well-being
through lifestyle and behavior adjustments.

CONTENTSMESSAGE FROM OUR CEO

and long-term health risks to our workforce through engagement,of employees
who participate in the Program. In 2022, 82% of
1employees participated in the biometric screening while 68%0

2018
participated in the 2017
wellness coaching sessions.

2019

2020

2021

2022

Many corporate employees have opted to participate in our flexible
work schedule, which provides for longer workdays Monday throughThursday, and a compressed schedule on Fridays. In addition, we
continued to provide optional teleworking arrangements for our

INNOVATION AND STRATEGYTOTAL RECORDABLE INCIDENT RATE VS. INDUSTRY

POINT OF CONTACT

management as needed. We seek to manage immediate, short-term,

4 with an opportunity to develop a comprehensive healthemployees

corporate employees throughout 2022.

DISCLAIMER

and Company policies related to employee protection and risk

5

GOVERNANCE, ETHICS, AND COMPLIANCESUSTAINABILITY INDEX

on these findings, we develop best practices, protective measures,

evaluation with a licensed professional nurse practitioner, providing

2 makes a substantial contribution to the benefits costs
CONSOL OUR
OURTEAMTEAM

who identifies risks and prioritizes needs for field evaluation. Basedto include an option to participate in a wellness preventative

ABOUT CONSOL ENERGY

CREATING STAKEHOLDER VALUE

Our team is led by an in-house occupational and health manager

coaching, personal protective equipment, and technology.

and wellnessplan.
3

ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT

component based on monitoring and control of employee exposure.

th
Beginning
6 in the 4 quarter of 2022, CONSOL expanded the program

2022 HIGHLIGHTS, AWARDS, AND RECOGNITION

ESG MEMBERSHIP AND COLLABORATIONOur Safety Management System includes an industrial health

6.00
5.00
4.00
3.00
2.00
1.00
0.00

% Below
Industry
37

2017

2018

2019

2020

2021

2022

31%

32%

62%

60%

53%

51%

PAMC (2013-2021), Coal Ops (2022)

Industry

FORWARD
PROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAM GOVERNANCE,GOVERNANCE,ETHICS,COMPLIANCEETHICS,
ANDANDCOMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

38

GOVERNANCE,ETHICS, AND
COMPLIANCE
We believe that corporate governance goes hand in handwith strong financial performance. Sound principles ofcorporate governance are essential to making gooddecisions on behalf of our stockholders, employees, andother stakeholders.

GOVERNANCE, ETHICS, AND COMPLIANCECONSOL is governed by a Board of Directors of six members, all ofwhom are elected for an annual term of one year. All our Directors

FORWARDPROGRESS

are independent under New York Stock Exchange Rules other thanJames A. Brock, our Chief Executive Officer. William Powell, oneof our independent directors, serves as the Chair of our Board.
By appointing an independent director as the Chair of the Board,

2022 CORPORATESUSTAINABILITY REPORT

our Board’s leadership structure fosters clear accountability andenhances the Company’s ability to communicate a clear, consistentmessage and strategy to stockholders, employees, customers,
and suppliers. The Board has four standing committees: Audit;
Compensation; Nominating and Corporate Governance; and Health,

CONTENTS

Safety and Environmental.

MESSAGE FROM OUR CEO

To learn more about our Board and Corporate Governance practices,

2022 HIGHLIGHTS, AWARDS, AND RECOGNITION

please see our Proxy Statement for the April 2023 annual meeting,which will be released on our website in March 2023.

ABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAM GOVERNANCE,GOVERNANCE,ETHICS,COMPLIANCEETHICS,
ANDANDCOMPLIANCECOMPLIANCE PROGRAM, CODES OFCONDUCT AND AVOIDING CONFLICTS
OF INTERESTCONSOL maintains a formal Compliance Program which codifies
our Core Values as well as certain policies and procedures related
to compliance measures. The Program incorporates industry bestpractices for the receipt and provision of gifts and entertainment,along with a statement of methodology when CONSOL uses non-

Each code addresses topics related to fostering ethical behavior.
Those include avoiding conflicts of interest, placing restrictions
upon the receipt of gifts and the making of payments, protecting
CONSOL’s assets, and legal compliance. Each year the Board
assesses our codes and approves additions or revisions asnecessary to keep them current with applicable laws.
CONSOL has engaged an independent third-party to facilitate
anonymous reporting of any concerns surrounding the Company—
whether they be business, financial, employment-related, or
operational in nature. The CONSOL Ethics and Compliance
Hotline number is included within the Employee Code of Conduct,
strategically posted at all Company locations, and available on our website.

INNOVATION AND STRATEGYGAAP financial measures.

We believe that regular training on our Code of Employee Business

SUSTAINABILITY INDEXThe foundational components of the Compliance Program are

Hotline increases awareness, strengthens our culture, and drives

DISCLAIMER
POINT OF CONTACT

the Code of Employee Business Conduct and Ethics and Code of
Director Business Conduct. The essence of our codes of conduct isthat CONSOL’s directors and employees will conduct our businesswith integrity, in compliance with applicable laws, and in a mannerthat excludes considerations of personal advantage.

Conduct and Ethics and the CONSOL Ethics and Compliance
our compliance performance. To support those efforts, we updated
the Code in 2019 to include more specificity about the hotline andimplemented an annual training program in which 100% of oursalaried workforce participates. We also continue to emphasize theimportance of compliance with the Code and the availability of the
Hotline in our annual letter to vendors.

39

GOVERNANCE, ETHICS, AND COMPLIANCEFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO

It is vital that all our business activities reflect our commitment

CORPORATE GOVERNANCE BEST PRACTICES

to the highest standards of integrity and accountability. CONSOLCONSOL’s commitment to corporate responsibility is reflected in ourrequires compliance with all applicable laws and adherence to thehighest level of ethical conduct, including anti-bribery laws, suchgovernance practices.

as the U.S. Foreign Corrupt Practices Act (“FCPA”) and similar laws

Board Commitment to Nomination of a Racially or Ethnically Diverse

in other jurisdictions. To support those efforts, we adopted an

Board Member at 2023 Annual Meeting or Sooner.

updated Foreign Corrupt Practices Act Policy in 2018. Employees,

Planning for board succession at our Company is an ongoing anddirectors, and officers to whom the policy applies participate initerative process and one which we take very seriously. As statedannual continuing education conducted by outside advisors and arein our Corporate Governance Guidelines, the Company seeks torequired to certify compliance with the FCPA and our policy every

maintain a Board comprised of talented and dedicated directors

year.

with a diverse mix of expertise, experience, skills, and backgrounds,

Any stakeholder, including our employees, can anonymously reportany violations of the Code of Employee Business Conduct andand in 2018, our Board adopted a policy regarding diversity of its
members. We believe diversity promotes the inclusion of different
perspectives and ideas, mitigates against groupthink, and ensures

2022 HIGHLIGHTS, AWARDS, AND RECOGNITION

Ethics, suspected illegal or unethical behavior, or other complaints or

ABOUT CONSOL ENERGY

retaliation. To make a report, please call1-800-544-8024.

ESG MEMBERSHIP AND COLLABORATION

Critical concerns can be communicated to the Board through written

the Company operates and are needed to measurably move thecommunication directed to the following:

Company forward.

Corporate Secretary

Our Board continues to promote diversity throughout our workforce

275 Technology Driveby, among other things, ensuring that we have a diverse executive

Suite 101

management team. In the brief five-plus years since CONSOL Energy

Canonsburg, PA 15317

was formed, we have made important strides. In addition, two of our

ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAM GOVERNANCE,GOVERNANCE,ETHICS,COMPLIANCEETHICS,
ANDANDCOMPLIANCE

grievances, via a confidential Ethics and Compliance Hotline without

Or contact us by sending an email to directors@consolenergy.com.

INNOVATION AND STRATEGYPOINT OF CONTACT

40

skills and backgrounds collectively represented on the Board shouldreflect the diverse nature of the business environment in which

five current named executive officers represent diversity in gender or
ethnicity: our General Counsel is female, and our President and Chief
Financial Officer is racially diverse.

SUSTAINABILITY INDEXDISCLAIMER

that the Company can benefit from all available talent. Further, theHotline Number: 1-800-544-8024

GOVERNANCE, ETHICS, AND COMPLIANCEFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATION

Company Commitment to Diversity, Equity, and Inclusion (DEI)

Human Rights

In 2021, CONSOL adopted a Company Commitment to Inclusion

In 2019, CONSOL adopted a human rights policy. This policy

and Diversity that aligns with our core values, as well as a formalreferences international standards, such as the UN Guiding

DEI policy. We’ve committed to a deliberate focus on continuing to

Principles, and reinforces our commitment and responsibility

make our workplaces trusting environments for open exchange andto respect all human rights, including those of our employees,

complex conversations about inclusion and diversity, implementing

suppliers, vendors, subcontractors and other partners, andand expanding education on inclusion and diversity in the workplace,

individuals in communities where we operate. Our policy addresses

and discussing inclusion and diversity practices with otherpromoting health and safety, eliminating compulsory labor andcompanies, with the goal of continuous improvement. In 2022, wehuman trafficking, abolishing child labor, eliminating harassment

developed an employee DEI training program that was implemented

and unlawful discrimination in the workplace, and providing

in 2023. CONSOL believes that collaborating with each other andcompetitive compensation. In support of our commitment, we havegiving all opinions equal value and consideration can contribute toincorporated this policy into the annual training we require of all

our success. Our Equal Employment Opportunity (EEO) policy alsosalaried employees.

reflects our strong stance against job discrimination.
Robust Strategy and Oversight by Board and Committees
Our Board and committees have implemented a robust frameworkto actively oversee the strategy and risks relating to the operationand management of a publicly traded coal company. To learn

ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT

more, please refer to the “Board’s Role in Risk Management” in our

CREATING STAKEHOLDER VALUE

Commission.

OUR TEAM

Health, Safety, and Environment

 GOVERNANCE,GOVERNANCE,ETHICS,COMPLIANCEETHICS,
ANDANDCOMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

2023 Proxy Statement, as filed with the Securities and Exchange

All six Directors are members of the Health, Safety, andEnvironmental (HSE) Committee of the Board. The committee
oversees the Company’s procedures for identifying, assessing,monitoring, and managing risks associated with health, safety,
protection of the environment, and security matters. On a quarterly
basis, the HSE Committee meets to review the Company’s HSE
performance, ESG (environmental, social and governance) strategy,
and any material pending or threatened administrative, regulatory,or judicial procedures regarding HSE matters and management’s
response to the foregoing.

41

GOVERNANCE, ETHICS, AND COMPLIANCESUSTAINABILITY GOVERNANCEFORWARDPROGRESSCONSOL’s Board of Directors is responsible for oversight of theCompany’s policies, programs, and strategies regarding significant
corporate sustainability issues, including matters related toenvironmental, social, and governance (ESG) concerns.

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITION

Incorporating ESG Performance into Compensation
In 2022, we further tied incentive compensation to our ESG
objectives. Beginning in 2022, the Compensation Committee also
incorporated Permit Effluent Exceedances into the short-term
incentive compensation (STIC) program, to focus management on
the protection and preservation of our Social License to Operate in

The Board periodically, but no less than annually, receives

the communities where we operate, and our employees live. The

sustainability updates from management and its committees;

Compensation Committee also incorporated strategic metrics into

reviews sustainability policies, programs, and strategies; andour long-term incentive compensation (LTIC) program, including

provides guidance to management with respect to these matters.

scope 1 and scope 2 GHG emission reduction and revenue

Board meetings regularly include briefings on external policy

diversification, to ensure focus on achieving our strategic goals.

developments, engagement with stakeholders on ESG topics, anddiscussions of ESG as part of our corporate strategy. In 2021, theBoard reviewed and approved CONSOL’s GHG (greenhouse gas)emission reduction targets. In 2022, the Board authorized theMore information related to the 2022 compensation plan is provided
in our 2023 Proxy Statement.

ABOUT CONSOL ENERGY

acquisition of the remaining equity stake in CFOAM, and approved

ADDITIONAL INFORMATION

sustainability related capital expenditures of $28 million between

ESG MEMBERSHIP AND COLLABORATION

2023 and 2026, in support of our GHG reduction goals.

To review our governance policies and best practices, please see:

ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINTIn 2018, CONSOL formed an ESG Committee consisting of

CREATING STAKEHOLDER VALUEThe Committee has provided input to management on CONSOL’s

OUR TEAM GOVERNANCE,GOVERNANCE,ETHICS,COMPLIANCEETHICS,
ANDANDCOMPLIANCEINNOVATION AND STRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

employees representing various departments within the Company.
policies, strategies and projects related to sustainability matters.
Soon after forming the ESG Committee, the group engaged various
stakeholders to discuss ESG issues, trends, and strategies.
From a management perspective, Mitesh Thakkar was recently
promoted to President and Chief Financial Officer. In addition
to his current duties as CFO, Mitesh will be leading the teams
responsible for Strategy and Business Development, Environment
and Sustainability, and Sales and Marketing. The alignment ofthese functions is intended to help position CONSOL for longterm success, reinforces executive responsibility for sustainability
matters, and underpins our efforts to incorporate ESG into ourbusiness and strategy.

42

 Corporate Governance Guidelines Code of Business Conduct and Ethics
 Related Person Transaction Policy and Procedure Charter of Compensation Committee of the Board of Directors
 Charter of Health, Safety, and Environmental Committee of

the Board of Directors Charter of Nominating and Corporate Governance Committeeof the Board of Directors
 Charter of Audit Committee of the Board of Directors Human Rights Policy

FORWARD
PROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT43

INNOVATION AND

STRATEGY

In 2022, we continued to advance our targetedpriorities for innovation, technology, anddiversification, in conjunction with continuing
to refine our corporate strategic goals. We
are encouraged by the tremendous potential
associated with each of these endeavors, which
will help define our future.

INNOVATION AND STRATEGY

While we can address certain aspects of ESG through deploymentof frameworks, policies, and standards, others require innovation,

FORWARDPROGRESS

technology, and strategic efforts to promote Forward Progress and

CONSOL opened its own research and development facility and for

We view innovation as the intersection of ESG goals andfunded R&D center. We continue to maintain a large extramuralextended “ESG” to “ESG-i” (ESG-Innovation) as we continue toseek sustainability throughout the coal lifecycle–from planningto utilization.

CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

44

Innovation is woven deeply into CONSOL’s history. In the late 1940s,

achieve global economic, social, and environmental goals.

tangible economic and social progress. With this in mind–we’ve
2022 CORPORATESUSTAINABILITY REPORTTECHNOLOGY

many years was the only U.S. coal company operating a privately
research effort with the U.S. Department of Energy (DOE), as well asother academic and government research partners.

INNOVATION AND STRATEGYFORWARD PROGRESS 2022–TECHNOLOGY INITIATIVESFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTS

Our technology initiatives align with those ESG aspects of critical concern to our stakeholders and to CONSOL. While many of these efforts
are in the early stages of development, if they are successful, they could mitigate risks associated with ESG aspects of concern, while
creating value or enhancing our corporate strategic endeavors.
ESG-I ASPECTSSTRATEGICINITIATIVE

Waste
Reduction andManagement,
Project
Circularity

ESG-I ATTRIBUTESOVERVIEW

BENEFITSSTATUS

Omnis Bailey LLC• Risk Mitigation• Value Creation• Social License to
Operate• First-of-a-kind solidenergy refinery at PA
Mining Complex• Converts waste coal
into marketableproducts, such as
high-quality solid
fuel or carbon
feedstock• Reduces need forand risk associatedwith Tailings
Storage Facilities• Constructionof the firstcommercial scale
OMNIS module
at PAMC wascompleted in
2022

Scope 1 GHG
Emissions
Reduction

REMEDY(Reducing
Emissions ofMethane Every
Day of the Year)• Risk Mitigation• Corporate Strategy
Alignment• Social License to
Operate• Value Creation• Partnering withJohnson Matthey
and Oak Ridge
National Lab under
U.S. DOE’s REMEDY
Program• Seeks to develop
cost-effective
ventilation air
methane (VAM)
emissions control
technology• Provides
opportunity to
mitigate mostchallenging
to abate, lowconcentration
sources of methanethat will need tobe controlled insupport of net zerogoal
• Opportunity toparticipate incommercializationof technology• Design and benchscale testingunderway• Seekingregulatory
approvals for
installation ofa field test unit
(FTU) at PAMC

Scopes 2 and 3
GHG Emissions
Reduction

21st Century
Power Plant
Project• Risk Mitigation• Corporate Strategy
Alignment• Social License to
Operate• Waste Reduction• Project Circularity• Value Creation• U.S. DOE 21stCentury Power Plant
Initiative• ~400 Mwe, wastecoal and biomass
fueled plant equippedwith CCUS• Net negative CO2
emissions via BECCS(Bioenergy with
Carbon Capture andStorage)• Potential source of
net negative CO2baseload power• Could provide
power to operations,to support net zerogoal
• Could serve as
anchor to attract
additional CCS
opportunities inAppalachian Basin• Phase I design
optimization
nearingcompletion• Project
Environmental
Information
Volume(“EIV”) nearing
completion• Characterizationof local geologic
resources for CO2
sequestration
ongoing

MESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT45

INNOVATION AND STRATEGYFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT46

ESG-I ASPECTS
Scope 3Emissions
Reduction,
Portfolio
Optimization

STRATEGICINITIATIVECONSOL
Innovations

ESG-I ATTRIBUTESOVERVIEW

BENEFITSSTATUS• Value Creation• Growth andDiversification• Corporate Strategy
Alignment• Platform foradvancing CONSOL’stechnology
development
efforts in coal toproducts and carbon
materials.
• Investigating the useof coal in various
applications, suchas energy storage,
aerospace, military,and building
products• Only commercial
producer of highperformancecarbon foamdeveloped from coalfeedstock (CFOAM),
which is used inaerospace toolingand other high-end
applications• Potential to create
new demand for
U.S. Coal• Creation of
manufacturing jobs
• Provides
downstream noncombustion usesof coal to lower
Scope 3 emissions• Formed in 2022with CONSOL’s
acquisition of theremaining equity
interest in CFOAM
Corp.
• Working to
reduce CFOAM
cost structure
via developmentof a continuous
manufacturing
process, andseeking to identify
new market
opportunities• Multiple initiatives
underway toresearch anddevelop new uses
for coal, such assynthetic graphite
and battery
components,
coal-plastic
compositebuilding materials
and 3D printing
filaments

Oil

6%

4%

Oil

INNOVATION AND 7%
STRATEGY
Coal

31%

Natural Gas

25%

Hydro

25%

Hydro

COAL IN AN EVOLVING ENERGY, SOCIAL, AND ECONOMIC LANDSCAPE
Renewable

4%

7%

Coal

31%

Natural Gas

6%

Renewable

27%

27%

Nuclear
NuclearThe
Global Energy Crisis Spotlights Coal’s Role in a Responsible Energy
Transition

FORWARDPROGRESS

Amidst the geopolitical backdrop of 2022, coal’s role in promoting energy security is more evident than ever. In 2022, coal demand reached
an all-time high, and according to the IEA, this level of demand is expected to continue through at least 20251. In response, global coalproduction for 2022 surpassed 8 billion tonnes for the first time2. Despite a decline in the U.S. market, coal is the second largest source ofprimary energy in the world, behind only oil. Coal remains the largest source of electricity in the world (36%), ahead of natural gas (23%),2022 CORPORATESUSTAINABILITY REPORT

hydro (16%), renewables (12%), and nuclear (10%)3. Coal continues to be critical to infrastructure development, including the production ofiron and steel, as well other industrial processes such as brick and cement manufacturing.

GLOBAL PRIMARY ENERGY CONSUMPTION, 20214

80

70

70

OUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

as

t

ica

dl

eE

er

id

Am

2%

M

C
S&

S

Eu
ro
pe

al

CREATING STAKEHOLDER VALUE

ica

0

er

0
Nuclear
Total World
India China
Other Asia Pacific
AfricaN AmericaCIS Europe
S&C America
Middle East

6%
a

27%

10

To
t

ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT

17% 16% 15%

20

Renewable

ric

10

Am

ESG MEMBERSHIP AND COLLABORATION
27%

28%

30

25%

Hydro

Af

30

38%

40 35%N

Natural Gas

ABOUT CONSOL ENERGY
25%

50

31%

a

40

Ot
Ch
he
in
a
rA
sia
Pa
cif
ic

Coal

di

50

63%

60

7%

7%
2022 HIGHLIGHTS, AWARDS, AND RECOGNITION
31%

20

4%

CI

6%

In

Oil

60

72%

ld

4%
MESSAGE
6% FROM OUR CEO

80

W
or

CONTENTS

COAL’S SHARE OF ELECTRICITY GENERATION, 20215

Despite the macroeconomic, geopolitical, and social drivers contributing to increasing demand, there is a lack of investment in thermal
coal mining assets around the world. We postulate premature closure of coal fired generating capacity in the absence of viable and reliable
alternatives, combined with restricted capital, will contribute to the disparity between supply and demand, threaten energy security, and put
emerging economies at risk.
In developed economies including the U.S., grid reliability concerns are slowing the pace of planned power plant retirements. A recent report
from80the PJM72%
Interconnection, one of the largest grid operators in the U.S., warns that fossil-fuel power plant capacity is being retired much
faster70than renewable
63%sources are getting developed, which could lead to shortages and blackouts. Additions of wind, solar, and battery

60 capacity by 2030 is expected to only account for approximately half of the capacity lost due to expected fossil fuel plant retirements.6
storage50
Further,
PJM asserts that its current interconnection queue consists of intermittent and limited duration energy resources. For every MW
38%

40

35%
of thermal
generation replaced, multiple MWs of these resources are needed, but not necessarily planned. Coal fired electric generating
28%

30

capacity in the PJM continues to be relied upon to fill the supply gap in response to high demand events across the Mid-Atlantic U.S., and
17% 16% 15%

20

this gap is expected to only increase in frequency, duration, and magnitude in response to increasing demand associated with the push for
as

ica

S
CI

Eu
ro
pe

er
ica

ric
a

di
a

ld

lW
or

Ot
Ch
he
in
a
rA
sia
Pa
cif
ic

47

2%

le
E

er

id
d

M

Am

C

S&

Af

Am

N

In

The events of 2022 underscore the importance of a responsible energy transition that takes place over multiple decades to come. An
TotaN
ca AmericaCIS Europe
S&C America
Middle East

0

t

6%

10

economy wide electrification.

approach that emphasizes energy security, reliability, accessibility, and affordability is critical.

INNOVATION AND STRATEGYFORWARDPROGRESS

Ambitious Plans to Replace Coal Face Substantial Economic and Technical Challenges
From an economic perspective, the estimated costs associated with driving the global economy toward relying exclusively on carbon freeenergy has substantial costs. According to a January 2022 McKinsey study, capital spending on physical assets for energy and land-use
systems in support of net-zero goals by 2050 would require $275 trillion between 2021 and 20507. This is approximately 7.5% of projected2022 CORPORATESUSTAINABILITY REPORT

world GDP for the period. To put the magnitude of this investment into perspective, the annual investment of approximately $9.2 trillion is solarge, it surpasses global corporate profits, which totaled approximately $7 trillion in 2020, by more than 30%. The magnitude of this capital
expense reflects the substantial expansion of infrastructure required to support an orderly energy transition.

CONTENTSMESSAGE FROM OUR CEO

While technology continues to advance, low emissions alternatives to replace coal in harder to abate sectors, such as in industrial andmetallurgical applications, are limited. The world has not yet reached peak materials demand in industry, with global output of steel andcement projected to increase through 2050, driven by urbanization, industrialization, and infrastructure build out in India, Southeast Asia, andAfrica. Certain technologies needed to decarbonize these industrial processes are still in early stages of demonstration, and the production

2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY

costs of “green” alternatives are generally not yet competitive with their traditional counterparts. In a macroeconomic environment
dominated by rising inflation, capital investments in technologies that are not commercially proven or cost competitive, are likely to be
restricted.

ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

48

Coal’s Role in Expanding Access to Electricity and Providing Energy Security is Undeniable
Coal continues to be the key component in expanding access to electricity. Between 2015 and 2019, approximately 341 million people
gained access to electricity. This improvement was primarily driven by coal, which accounted for 48% of access. At the same time,
approximately 775 million people still lack access to electricity8. Through broadened access to electricity, business, agriculture, and industry
can reap social, economic, and public health benefits–going beyond the household-scale, off-grid connections that serve as a baseline
measurement of access. Unfortunately, in 2022, the number of people without access to electricity increased for the first time in a decade.
This is related to several factors, including rising inflation that makes obtaining and maintaining access to electricity less affordable andslows the rate of investment in distribution systems and new connections. We believe that the need to expand access to energy in supportof global social goals for developing economies must be considered in concert with ambitious climate goals.

INNOVATION AND STRATEGYFORWARDPROGRESSNUMBER OF PEOPLE GAINING ACCESS TO ELECTRICITY BY FUEL SOURCE, 2000–20199
62 million
2000-2012

103 million
2012-2015
Coal
Oil
Gas
Hydro
Decentralized Renewables
Solar
Other Low Carbon

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

49

341 million
2015-2019

100
90
80
70
60
Changes in Coal Consumption Under Multiple Scenarios.
Demand for seaborne thermal coal is expected to rise in the near term, due primarily to economic growth and increasing demand
50 in China,
India, and the nations of Southeast Asia. In its World Energy Outlook series, the IEA considers three forward-looking scenarios
40for global
energy demand. These include the Stated Policies Scenario (STEPS), which explores how the energy system would evolve if30
current policies
are retained, the Announced Pledges Scenario (APS), which assumes that stated government targets are achieved on time 20
and in full, andthe Net Zero Emissions by 2050 Scenario (NZE), which reverse engineers what steps would be required to cap global warming
10 to 1.5°C. The
continued use of coal for power generation, metallurgical, and industrial applications is acknowledged under all three scenarios;
0 however,2021regarding
X 20302040
2050 decline,
X 2030
X 20302040
2050
there is significant uncertainty
the paceof demandas the2040
energy 2050
system strives
to balanceenergysecurity, reliability, and
INNOVATION AND STRATEGYFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORT

quality of life.

GLOBAL COAL DEMAND BY REGION AND SCENARIO TO 205010
CONTENTS

STEPSMillion Tonnes of Coal Equivalent

2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUE

POINT OF CONTACT

50

90%
80%
70%
60%

3,000

50%
40%

2,000

30%
20%

1,000

10%
2021

2030

Advanced Economies

GOVERNANCE, ETHICS, AND COMPLIANCEDISCLAIMER

100%

4,000

0

OUR TEAMSUSTAINABILITY INDEX

NZE

5,000

MESSAGE FROM OUR CEOAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGY

APS

2040

2050

2030

2040

2050

Emerging Market and Developing Economies

2030

2040

2050

0%

Share of Coal with CCUS (right axis)

The expansion of infrastructure required to grow economies and support the energy transition is also expected to drive demand for coal inmetallurgical and industrial applications. According to a McCloskey study, metallurgical coal demand is expected to increase by 8% through2030. Over the same period, the growth in cement consumption is expected to increase. According to a study by the India Brand Equity
Foundation, India could become the main exporter of clinker and gray cement to the Middle East, Africa, and other developing nations of
the world.

50
0
INNOVATION
202
23 20224AND
202
025STRATEGY
02
202
2
20
02
0
26 2
202
20
0 7
2023
2024
2025
2026
2027

2
028
2028

2029
9

203
2030

METALLURGICAL COAL DEMAND OUTLOOK11MESSAGE FROM OUR CEO

2019

2022E

2027E

INDIA CEMENT CONSUMPTION (MM TONNES)12

Million Metric Tons

350

+54%

500

300
250

400

200

300

150

379

420

328
272

200

100
100

50
CONTENTS

2016

400

FORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORT

0

0

2023

2024

2025

2026

2027

2028

2029

2030

Mainland China

India

Japan

South Korea

Europe*VietnamBrazil

Total

0

2016

2019

2022E

2027E

2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGY

Aggressive Scenarios Seeking to Achieve Net Zero Rely on More Than Just Renewables.
The aggressive NZE scenario acknowledges that deployment of renewable energy alone is not enough to achieve ambitious goals. To reachnet zero and to limit global warming to 1.5°C, NZE incorporates behavioral changes that would require a shift away from the comfort andbenefits of modern life in developed economies. For instance, the NZE scenario includes assumptions such as: a moderate use of car air
conditioning, limiting air travel to 2019 levels, requiring that all urban car trips are via rideshare, limiting the maximum speed for vehicle travelto 62 mph, and limiting space heating temperatures to 66°F13. These expectations are incompatible with a growing economy and improving
standard of living, and as a result, we believe are unlikely to be adopted.
IEA acknowledges substantial technology and policy gaps in order to achieve ambitious climate goals. These include the need for a rapid
acceleration in the deployment of carbon capture, utilization, and storage, along with technologies that remove CO2 from the atmospheresuch as Direct Air Capture (DAC) and bioenergy with carbon capture and storage (BECCS). Currently, around 35 CCUS facilities are in

SUSTAINABILITY INDEX

operation today, with the collective capacity to capture almost 45 Mt of CO2 each year14. The IEA NZE scenario assumes that this capacity

DISCLAIMER

need to be commissioned each month between now and 2030. Given the limited number of commercial scale CCUS projects currently in the

POINT OF CONTACT

51

increases to 1.2 Gt per year by 2030, and 6.2 Gt per year by 205015. To achieve this goal, more than ten new CCUS equipped facilities would
pipeline, we believe this pace of expansion seems infeasible.

INNOVATION AND STRATEGYSTRATEGYFORWARDPROGRESSAs the world transitions to a lower carbon economy over decades
to come, the global energy system will continue to be challenged
by market complexity and volatility, coupled with geopolitical andregulatory uncertainty. Amidst these dynamic conditions, we arefocused on:

2022 CORPORATESUSTAINABILITY REPORT

1. M
 aintaining strong corporate governance principles, with anemphasis on ethics and compliance.
2. M anaging our operations safely and sustainably, as we seek

CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY

to attract and retain top talent and support the communities
where we operate and our employees live.
3. D elivering our high-quality product to our customers, helping
to support a secure energy supply, an improved quality of life,
and the development of critical infrastructure.

ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

4. P
 erforming against our stated financial priorities, including
free cash flow generation, balance sheet de-levering, andpromoting stockholder value.
5. P ursuing opportunities stemming from the quality of our coal
combined with strategic access to the export markets, while
actively monitoring and managing risk to CONSOL.
6. Accelerating investments that diversify and grow our business,while adhering to our robust capital allocation framework.
7.Continuing to invest in research that aims to advance thetechnologies that are critical to achieving global aspirational
climate goals, such as CCUS (carbon capture utilization andstorage), BECCS (bioenergy with carbon capture and storage),and methane mitigation.

52

Risk and Opportunity Management
The production and consumption of coal produces greenhousegas emissions. We believe that broad and global action is neededto advance the technologies that will help mitigate the adverse
effects of these emissions on climate change, while securing
global competitiveness in dynamic market, policy, and regulatoryenvironments.
We recognize multiple risks to our business, including numerous
risks associated with the transition to a net-zero emissions
economy. These risks may be physical in nature, such as extreme
weather conditions that could interfere with our services andincrease our costs, and damage resulting from extreme weather
may not be fully insured. However, at this time, we are unable todetermine the extent to which climate change may lead to increased
storm or weather hazards affecting our operations.
Other risks are policy or regulatory in nature, such as theimplementation of regulation to address climate change oremissions of greenhouse gases including carbon dioxide andmethane. Uncertainty regarding such regulation may affect us
directly or indirectly by increasing our operating costs, reducing
the value of our coal assets, and adversely impacting the market
for coal. In addition, other risks could be classified as reputationalin nature, and for instance, include the potential exclusion of our
securities from consideration by certain investment funds orinvestors who may have a negative perception of us due to beinga coal producer, as a result of increased consideration of ESG
practices. These risks are regularly assessed by management andreported to the Board.
We actively monitor and assess regulatory, policy, and market
conditions to be prepared to respond to changes. Over the mid- tolong-term, the Company is planning to diversify its revenue stream
to increase relative contributions from its CONSOL Marine Terminal,
metallurgical and industrial coal sales, and other carbon products,
resulting in a reduced exposure to coal-fired power generation.

INNOVATION AND STRATEGYFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTWe regularly update and communicate material operational,
financial, and regulatory risks, including those related tosustainability and the environment, in our financial disclosures.
For more information, please see the “Risk Factors” section of our
Annual Report on Form 10-K, for the year ended December 31,
2022, as well as any additional or updated risk factors included insubsequent quarterly reports on Form 10-Q.

Opportunities for CONSOL
Just as we actively monitor and manage risk to our business, we
also evaluate and explore relevant opportunities. Related to climate

CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

change and the transition to a lower carbon economy, opportunities
may emerge such as:• Heightened emphasis among multiple stakeholders to develop
high-efficiency, low-emissions (HELE) technologies and carbon
capture utilization and storage. Our ongoing research efforts
could lead to new business opportunities as the demand forthese technologies increases and policies driving financial
incentives for their deployment make investment more attractive.
• The need to expand infrastructure and to grow developingalong
an economy
push forelectrification
90 economies,
95
100 with105
110 wide115
120
could increase the demand for our high quality coal inmetallurgical, industrial, and power generation applications.
• The global energy crisis and recognition that a disorderlytransition to renewable energy sources creates grid instability,
threatens energy security, and puts emerging economies at risk
could encourage support for more balanced energy policies andregulations.

PAMC Product Quality Translates to Lower CO2
Emissions and Flexibility for Use in Non-Power
Generation Applications.
The coal produced at CONSOL’s PAMC is among the highest-quality
coal in the world, with a lower carbon intensity compared to othercoal ranks, along with properties that make it optimal for use in nonpower generation applications.

53

The carbon intensity of our PAMC product is approximately 6–12%
lower than that of subbituminous, lignite, and anthracite coals.
Further, because of its high energy content per unit mass, theenergy intensity associated with transporting our coal is less thanthat associated with other coal ranks. As policymakers, energy
generators, and industrial consumers seek to reduce carbon
emissions, our high quality, lower carbon intensity coal, could
be used as a preferred replacement to other coal ranks, thereby
increasing the demand for our product. In a carbon constrained
world, we expect the highest quality coals, such as our PAMC
product, to exit the global marketplace last.

CARBON INTENSITY OF COAL BY RANK16
Coke
Anthracite
Petroleum Coke
LigniteSubbitumous
Bituminous
PAMC
90

95

100

105

110

115

120

kg CO2 per Million British Thermal Units

PAMC Product is Competitive in Multiple Markets, Due
to Low-Cost Position.
In response to changing market conditions and decreases indemand that may occur over time, mines that have lower operating
efficiencies and higher cost structures will be challenged to remaincompetitive. Our PAMC longwall mines are highly efficient and wellcapitalized, with the flexibility to operate up to 5 longwalls, andto adjust production as needed to meet demand. As a result, ouroperations maintain a low-cost structure with a 1st quartile position,
both within the Northern Appalachian Basin and globally.

INNOVATION AND STRATEGY

Additionally, our onsite logistics infrastructure at the Central Preparation Plant includes a dual-batch train loadout facility capable of loading
up to 9,000 tons of coal per hour and 19.3 miles of track linked to separate Class I rail lines owned by Norfolk Southern and CSX, which

FORWARDPROGRESS

significantly increases our efficiency in meeting our customers’ transportation needs. The cost structure and nature of our operations
positions us well to maintain competitiveness in both domestic and global markets, despite changes in thermal coal supply-demand
fundamentals.
PAMC

2022 CORPORATESUSTAINABILITY REPORT$120

US Appalachia

1st Quartile

US Illinois Basin

US Powder River

2nd Quartile

US Western Bituminous

3rd Quartile

4th Quartile

CONTENTS

US $/Tonne$100	Thermal Coal
Exports
Averaged943MM
Tonnes per
Annum2015-21

$80
$60
$40
$20

MESSAGE FROM OUR CEO$02022 HIGHLIGHTS, AWARDS, AND RECOGNITION

0

100

200

300

400

500

600

700

800

900

Cumulative Production (Million Tonnes)

ABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAM

The CONSOL Marine Terminal (CMT) Provides Strategic Access to Seaborne Coal Markets Across the Globe
The terminal has a throughput capacity of approximately 15 million tons per year and a coal storage yard with capacity for 1.1 million
tons. As the only U.S. East Coast terminal served by two Class 1 railroads, CMT can serve both CONSOL and third parties, contributing free
cash flow and a source of diversified revenue. In the mid-term, total global seaborne thermal coal demand is expected to remain relatively
stable, decreasing by 35 million tonnes, or 4%, based on data from McCloskey as of December 2022, resulting in sustained opportunities for
CONSOL in the export market.

GOVERNANCE, ETHICS, AND COMPLIANCEAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGYGLOBAL SEABORNE COAL DEMAND
Rest of World

India

VietnamBangladesh

Philippines

Pakistan

Cambodia

Growth % vs 2022

SUSTAINABILITY INDEX
1,000

DISCLAIMER

+2.3%

+2.7%

+2.1%

+0.8%

-0.6%

-1.4%

-2.6%

900
Million Tonnes (MMt)

POINT OF CONTACT

800

-3.7%

+5MMt
+5MMt
+7MMt
+8MMt
+18MMtTotal Global Seaborne Thermal Coal Demand Growth2022–2030=-35MM Tonnes

700+40MMt600-119MMt

54

500
2022

2023

2024

2025

2026

2027

2028

2029

2030

INNOVATION AND STRATEGY

Optimizing Our Sales Portfolio
The ability to serve both domestic and international markets with premium thermal and metallurgical coal provides tremendous optionality

FORWARDPROGRESS

for CONSOL, allowing us to place our product into the markets with the greatest arbitrage. We continue to leverage the opportunities outlined
above to diversify our portfolio and manage risk in the domestic market by increasing export volumes and decreasing the proportion of oursales to coal-fired power generation customers. At the same time, we maintain the flexibility to meet demand from our base of domestic
power generation customers as needed to maintain the security, reliability, and affordability of America’s electricity supply. In 2020, 43.4%

2022 CORPORATESUSTAINABILITY REPORTof our revenue was attributable to the export markets and we derived 71.6% of our revenue from contracts with customers in the power
generation markets. As we continued to execute our strategy in 2022, the proportion of our revenue from sales into the exports markets
increased to 58.6% and we derived 57.2% of our sales into the power generation markets, as our Company stepped in to alleviate the energy
crises in Europe by increasing our exports to that region by 321%, compared to year ago levels. Although power generation related revenue
increased compared to 2021, the increase was influenced by the dynamic price environment of 2022 and the need to displace a reliance on

CONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITION

Russian energy, in the wake of the Ukraine war. Over time, we continue to strive to reduce the proportion of our revenue attributable to power
generation applications.

% OF TOTAL REVENUE FROM CONTRACTS WITH CUSTOMERS
2020

ABOUT CONSOL ENERGY

2021

4.5% 2.1%

ESG MEMBERSHIP AND COLLABORATION

1.0%

6.3%

CREATING STAKEHOLDER VALUE

16.3%

0.8%
3.5%

8.2%

7.6%

ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT

2022
8.0%

5.2%
6.9%
55.3%

12.7%
39.9%

45.3%

9.4%

17.3%
OUR TEAM

7.7%

POINT OF CONTACT

Domestic Power Generation

0.60
0.55
0.50
0.45
0.40

55

2020

2021

2022

Domestic Met

Export Industrial

Export Power Generation

DECREASING REVENUE
FROM POWER GENERATION

INCREASING REVENUE
FROM THE EXPORT MARKETSUSTAINABILITY INDEX

17.2%

0.6%

Domestic Industrial

AND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGYDISCLAIMER

23.5%

0.2%

GOVERNANCE, ETHICS, AND COMPLIANCE

0.50

0.70

0.45

0.65

0.40

0.60

0.35

0.55

0.30
2020

2021

2022

Terminal

Freight

INCREASING REVENUE FROMNON-POWER GENERATION

0.75

0.50

Export Met

0.7%

0.25

2020

2021

2022

INNOVATION AND STRATEGYSTRATEGIC VISION AND METRICS
As a responsible transition away from fossil fuels plays out in the decades to come, the world will be challenged to overcome barriers to

FORWARDPROGRESS

achieving global environmental aspirations, including the pace of new technology development and the magnitude of investment requiredfor deployment, expectations for behavioral changes that are inconsistent with modern life, the need to expand access to energy in supportof global social goals, and in the uncertainties associated with a dynamic policy and regulatory environment. Our world class coal assets willcontinue to support the world’s energy and infrastructure needs throughout this transitional period.

2022 CORPORATESUSTAINABILITY REPORT

To carry out our strategy and to enhance our operational, financial, and business sustainability, we will continue to adhere to and pursue thefollowing strategic objectives:
1. Performing Against Our Stated Financial Priorities. We seek to maintain strong liquidity as we strive to de-lever our balance

CONTENTSMESSAGE FROM OUR CEO

sheet and create stakeholder value. We will continue to adhere to a robust capital allocation process that prioritizes investment
consistent with our long-term strategy. This includes maintaining and investing in our existing asset base, responsibly managing
our legacy liabilities, supporting our stated ESG goals, advancing our technology and innovation endeavors, and funding accretive
growth opportunities. We plan to judiciously direct the cash generated by our operations toward those opportunities that present

2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGYSUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT56

the greatest potential for value creation to our stockholders, particularly those that take advantage of synergies with our asset baseand/or the expertise of our management team.
2. Reducing the Environmental Footprint of Our Operations. We announced our interim goal to reduce our direct operating greenhousegas (GHG) emissions (referred to as scope 1 and scope 2 emissions) on an absolute basis by 50% over a five-year period (or by theend of 2026), compared to 2019 baseline levels, with a long-term aim to achieve net zero direct operating GHG emissions by 2040
or sooner, if feasible. We will continue to disclose our scope 1, 2, and 3 emissions in our annual sustainability reports and otherexternal disclosures, such as CDP. While we disclose scope 3 emissions, our ability to set a scope 3 emissions reduction target
is impeded by the uncertainty associated with the pace of deployment of technologies to reduce emissions associated with coalusage, as well as the timing, nature, and success of our other strategic diversification initiatives.
3. Manage Production Directed to Coal-Fired Power Generation. With a stated capacity of 28.5 million tons, coal produced at the
PAMC accounts for less than 0.5% of global coal production. Consistent with the expected decrease in domestic demand over thelong term, we seek to manage our production for sales to power generation customers in the years to come. We have no plans to
expand our production for power generation beyond our current stated capacity. However, given the complex and volatile nature of
the energy markets, we will continue to manage production levels and pursue opportunities that allow us to adjust to demand andmarket conditions as they change over time.

INNOVATION AND STRATEGY

4. Diversify Our Portfolio and Revenue Streams. Our diversified marketing strategy endeavors to increase the proportion of sales
to the export market, and to increase the proportion of sales to non-power generation end users, such as our industrial andmetallurgical customers. As we continue to execute this strategy, we seek to achieve more than 50% of our revenue from non-

FORWARDPROGRESS

coal-fired power generation3 sources by 2025. This goal could be further supported by growth in non-fossil fuel businesses and/or strategic mergers and acquisitions.
5. Grow Our Business Outside of Traditional Fossil-Fuel Applications. We seek to grow opportunistically. We continue to invest in

2022 CORPORATESUSTAINABILITY REPORT

diversified business opportunities outside of traditional fossil fuel applications, including those associated with our technology
and innovation endeavors. We also evaluate investments in industries and sectors that are not related to coal but may provide
long-term business opportunities that are synergistic with our core competencies, energy transition efforts, and/or the need forsustainable products and services. Our early-stage technology initiatives, strategic partnerships, and other endeavors describedthroughout this report, along with other strategic investments, could positively impact our non-power generation revenue goals,

CONTENTS

and will support our efforts to de-risk and diversify our business.

MESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAMGOVERNANCE, ETHICS, AND COMPLIANCEAND
STRATEGY INNOVATIONINNOVATIONANDSTRATEGY

As a responsible energy transition plays out over decades to come, we see differentiating opportunities for CONSOL, and our goal is to carryout our role responsibly and sustainably. We operate in a dynamic business environment, where operational factors, market conditions,
technology and regulatory requirements quickly evolve. We closely monitor these developments and adjust our strategy and business plans
as needed to remain competitive, to continue to perform well against our financial commitments and goals, and to promote value creationfor our stakeholders. We will proceed diligently toward achieving the strategic goals outline above; however, several considerations could
impact the timing and magnitude of our performance. We will maintain flexibility in our ESG and corporate strategic endeavors, just as we
maintain flexibility in our operations.
Further, regardless of how business conditions change, we constantly remain focused on our core values of safety, compliance, andcontinuous improvement. As we are committed to transparency, we will provide updates related to our progress towards achieving thesegoals in our annual sustainability reports.

SUSTAINABILITY INDEXDISCLAIMER
POINT OF CONTACT

3

57

Please note that this metric refers to sales to coal-fired power plants that are not equipped with CCUS

SUSTAINABILITY INDEXSUSTAINABILITY INDEXFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSREFERENCE(S = SASB,
G = GRI,
O = OTHER)TOPIC

DESCRIPTIONPAGENUMBER OR
EXTERNAL
REFERENCE(G) 102-1

General Standards

Name of Organization

5(G) 102-2

General Standards

Products and Services

5(G) 102-3

General Standards

Location of Headquarters

5(G) 102-4

General Standards

Location of Operations

6, 10-K (pg. 8)(G) 102-5

General Standards

Ownership and Legal Form

6, 10-K (pg. 15)(G) 102-6

General Standards

Markets Served

6, 10-K (pg. 19)

MESSAGE FROM OUR CEO(G) 102-7

General Standards

Scale of Organization

31

2022 HIGHLIGHTS, AWARDS, AND RECOGNITION(G) 102-50

General Standards

Reporting Period

6(G) 102-51

General Standards

Date of Most Recent Report

6(G) 102-52

General Standards

Reporting Cycle

6(G) 102-56

General Standards

External Assurance

6

ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT(G) 201-1

General Standards

Direct economic value generated and distributed

27(S) EM-CO-000.A

Activity Metric

Production of thermal coal

56, 10-K (pg. 14)

CREATING STAKEHOLDER VALUE(S) EM-CO-000.B

Activity Metric

Production of metallurgical coal

56, 10-K (pg. 14)

OUR TEAM(G) 102-18

General Standards

Governance Structure

39, 2023 Proxy(G) 102-22

General Standards

Composition of the highest governance body and its committees

40, 2023 ProxyABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONGOVERNANCE, ETHICS, AND COMPLIANCE(G) 405-1

Diversity of governance body

INNOVATION AND STRATEGY(G) 102-23

General Standards

Chair of the highest governance body

39

INDEX
 SUSTAINABILITYSUSTAINABILITY
INDEX(G) 102-32

General Standards

Highest governance body’s role in sustainability reporting

6, 42(G) 102-13

General Standards

Membership of associations

8–9, 27(G) 102-40

General Standards

List of stakeholder groups

29(G) 102-43

General Standards

Approach to stakeholder engagement

27(G) 415-1

General Standards

Political contributions

28, www.fec.gov(G) 205-2

General Standards

Communication and Training About Anti-Corruption Policies and Procedures

39(S) EM-CO-210b.1

Community Relations

Discussion of process to manage risks and opportunities associated with community rights and interests

25–27(S) EM-CO-210b.2

Community Relations

Number and duration of non-technical delays

25

DISCLAIMER
POINT OF CONTACT58

SUSTAINABILITY INDEXFORWARDPROGRESSREFERENCE(S = SASB,
G = GRI,
O = OTHER)(G) 408-1

2022 CORPORATESUSTAINABILITY REPORTTOPIC

Human Rights(G) 409-1

DESCRIPTION

Operations and suppliers at significant risk for incidents of child labor

PAGE
NUMBER OR
EXTERNAL
REFERENCE
41

Operations and suppliers at significant risk for incidents of forced or compulsory labor(S) EM-CO-210a.1

Rights of Indigenous
Peoples

Percentage of (1) proved and (2) probable reserves in or near indigenous land

26(S) EM-CO-210a.2

Rights of Indigenous
Peoples

Discussion of engagement processes and due diligence practices with respect to the management ofindigenous rights

Not applicable(G) 202-1

Employment Practices

Proportion of senior management hired from the local community

32

CONTENTSMESSAGE FROM OUR CEO(G) 3-32022 HIGHLIGHTS, AWARDS, AND RECOGNITION(S) EM-CO-310a.1

Labor Relations

Percentage of active workforce covered under collective bargaining agreements, broken down by U.S. andforeign employees

31

ABOUT CONSOL ENERGY(S) EM-CO-310a.2

Labor Relations

Number and duration of strikes and lockouts

31

ESG MEMBERSHIP AND COLLABORATION(S) EM-CO-320a.1

Workforce Health & Safety(1) MSHA all incidence rate, (2) fatality rate, and (3) near miss frequency rate (NMFR, *not reported)

36

Management of material topics, non-discrimination and equal opportunity(G) 403-9

Work related injuries

ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT(G) 403-1, 403-8

CREATING STAKEHOLDER VALUE(G) 403-5

OUR TEAM(G) 403-6

Workforce Health & Safety

Promotion of worker health

33(S) EM-CO-320a.2

Workforce Health & Safety

Discussion of management of accident and safety risks and long-term health and safety risks

37(S) EM-CO-110a.1

Greenhouse Gas
Emissions

Gross global scope 1 emissions, percentage covered under emissions limiting regulations

15

Percentage of gross direct Scope 1 emissions from methane
Breakdown of gross direct Scope 1 emissions by type of source (stationary combustion, process, fugitive)

14

GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGY

Workforce Health & Safety

POINT OF CONTACT(G) 305-1(G) 305-2

Greenhouse Gas
Emissions

Energy indirect (Scope 2) GHG emissions

15(G) 305-3

Greenhouse Gas
Emissions

Other indirect (Scope 3) GHG emissions

15(G) 305-4

Greenhouse Gas
Emissions

GHG emissions intensity

15(S) EM-CO-110a.2

Greenhouse Gas
Emissions

Discussion of long and short term strategy or plan to manage scope 1 emissions, emissions reduction
targets, and an analysis of performance against those targets
Reduction of GHG emissions, goals and targets, baseline and timeline for achieving goals

16–17

Air Emissions

Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions

18(G) 305-5(G) 305-7
59

34

Worker training on occupational health & safety

INDEX SUSTAINABILITYSUSTAINABILITYINDEXDISCLAIMER

Occupational health and safety management system, workers covered by occupational health and safety
management system

SUSTAINABILITY INDEXFORWARDPROGRESS

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO

REFERENCE(S = SASB,
G = GRI,
O = OTHER)

ESG MEMBERSHIP AND COLLABORATIONDESCRIPTION

Water Management

Interactions with water as a shared resource, mitigation of negative impacts from acid mine rain

18(S) EM-CO-140a.1

Water Management(1) Total freshwater withdrawn, (2) percentage recycled, (3) percentage in regions with high or extremely
high baseline water stress19(G) 303-3

Water withdrawal

20(G) 303-4

Water discharge

CDP Report(G) 303-5

Water consumption(S) EM-CO-140a.2

Water Management

Number of incidents of non-compliance associated with water quality permits, standards, and regulations

12(G) 306-3

Environmental
Management

Disclosure of significant spills

12(S) EM-CO-160a.1

Biodiversity Impacts

Description of environmental management policies and practices for active sites

22-23(S) EM-CO-160a.2

Biodiversity Impacts

Percentage of mine sites where acid rock drainage is: (1) predicted to occur, (2) actively mitigated, and(3) under treatment or remediation

18(G) 303-1

Water Management

Interactions with water as a shared resource, mitigation of negative impacts from acid mine rain

ENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT(S) EM-CO-160a.3

Biodiversity Impacts

Percentage of (1) proved and (2) probable reserves in or near sites with protected conservation status orendangered species habitat

CREATING STAKEHOLDER VALUE(G) 304-1

Operational sites owned, leased, managed in, or adjacent to, protected area and areas of high biodiversity
value outside protected areas

OUR TEAM(G) 304-4

IUCN Red List species and national conservation list species with habitats in areas affected by operations

GOVERNANCE, ETHICS, AND COMPLIANCE(S) EM-CO-540a.2

INNOVATION AND STRATEGY(G) 306-1

Waste Generation and significant waste related impacts(G) 306-2

Management of significant waste related impacts

INDEX SUSTAINABILITYSUSTAINABILITY
INDEX

60

Tailings Storage Facilities
Management

Summary of tailings management systems and governance structure

22-23

21-22

(S) EM-CO-540a.3

Tailings Storage Facilities
Management

Approach to development of emergency preparedness and response plans (EPRPs) for tailings storage
facilities

21-22

O – Governance

GovernanceOversight of climate-related risks and opportunities

42
Proxy

O – Strategy

Strategy

Discussion of climate-related risks and opportunities

52-53
10-K

O – RiskManagement

Risk Management

Describe process for identifying and managing climate-related risks

52-53
10-K

O – Metrics andTargets

Metrics and Targets

Describe the metrics and targets used by the organization to assess climate-related risks andopportunities in line with strategy

57-58

DISCLAIMER
POINT OF CONTACTPAGENUMBER OR
EXTERNAL
REFERENCE(G) 303-1

2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGYTOPICSUSTAINABILITY INDEXREFERENCESFORWARDPROGRESS(1)

International Energy Agency (2022), Coal 2022: Analysis and Forecast to 2025, IEA, Paris.

(2)

International Energy Agency (2022), Coal 2022: Analysis and Forecast to 2025, IEA, Paris.

(3)

BP Statistical Review of World Energy (2022).

(4)

BP Statistical Review of World Energy (2022).

(5)

BP Statistical Review of World Energy (2022).

(6)

PJM Interconnection, Energy Transition in PJM: Resource Retirements, Replacements & Risks (2023).

(7)

McKinsey & Company, The Net-Zero Transition What it Would Cost, What it Could Bring (Jan. 2022).

(8)

International Energy Agency (2022), Commentary. For The First Time in Decades, the Number of People Without Access toElectricity is Set to Increase in 2022, IEA, Paris.

(9)International Energy Agency (2022), Energy Access Outlook 2017, IEA, Paris (2000–2015 Data). World Bank, Sustainable
Energy for All (SE4ALL) Database, February 2022, BP Statistical Review of World Energy, July 2021. Ember, Climate Data,
February 2022. Assumes gain in access proportionate to growth in electric generation by fuel source (2015–2019 Data).

(10)International Energy Agency (2022), World Energy Outlook 2022, IEA, Paris. (Figure 9.3).

(11)

McCloskey (2022), Metallurgical Coal Market Briefing, Feb. 2023.

(12)

India Brand Equity Foundation (2022), Indian Cement Industry Analysis (unless otherwise noted), Dec 2022.

CREATING STAKEHOLDER VALUE(13)

International Energy Agency (2021), World Energy Outlook 2021, IEA, Paris. (Chapters 3 and 4).

OUR TEAM(14)(International Energy Agency (2022), World Energy Outlook 2022, IEA, Paris. (Chapter 3).

(15)

International Energy Agency (2022), World Energy Outlook 2022, IEA, Paris. (Chapter 3).

(16)

CONSOL Energy Inc. Management, EIA, Carbon Dioxide Coefficients, 2017.

(17)

CONSOL management and Wood Mackenzie. Costs are BTU adjusted and include mining, preparation, transport, port andoverhead costs. PAMC cash costs of coal sold are based on CONSOL management and peers based on Wood Mackenzie.

(18)

S&P Global Market Intelligence and McCloskey. (Global Seaborne Coal Demand Data as of December 2022).

2022 CORPORATESUSTAINABILITY REPORTCONTENTSMESSAGE FROM OUR CEO
2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT

GOVERNANCE, ETHICS, AND COMPLIANCEINNOVATION AND STRATEGYINDEX SUSTAINABILITYSUSTAINABILITYINDEXDISCLAIMER
POINT OF CONTACT

61

DISCLAIMERDISCLAIMER
FORWARDPROGRESS

Our 2022 Corporate Sustainability Report includes statements about the Company’s business and the Company’s future business plans, initiatives, goals, and objectives. Thesestatements, estimates, and projections are “forward-looking statements” within the meaning of the federal securities laws and speak only as of the date of this report. While theseforward-looking statements reflect CEIX expectations at the date of this report, they are not guarantees or predictions of future performance or statements of fact. Except forhistorical matters, the matters discussed in this supplement are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) thatinvolve risks and uncertainties that are unknown or out of our control and, therefore, could cause actual results, performance, or achievements to differ materially from results,
goals and achievements projected in or implied by such forward-looking statements. Accordingly, investors should not place undue reliance on forward-looking statements as

2022 CORPORATESUSTAINABILITY REPORTa prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific short term and long-termemission reduction targets, the role of specific technologies in reducing carbon emissions, and CEIX’s role in contributing to global social and environmental goals. When we use
the words “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” or their negatives, or other similar expressions,the statements which include those words are usually forward-looking statements. All statements other than statements of historical facts included in this report are forwardlooking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. Past performance cannot be relied on as a guideto future performance. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers

CONTENTS

these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks, contingencies, anduncertainties, most of which are difficult to predict and many of which are beyond our control. Specific risks, contingencies and uncertainties include but are not limited to changes

MESSAGE FROM OUR CEO

in laws and regulations including international treaties and laws and regulations regarding greenhouse gas emissions and carbon costs actions, including changes with respect
to tax policy, emissions credits, carbon offsets and carbon pricing; trade patterns and the development and enforcement of local, national and regional mandates; unforeseen

2022 HIGHLIGHTS, AWARDS, AND RECOGNITIONABOUT CONSOL ENERGY
ESG MEMBERSHIP AND COLLABORATIONENVIRONMENT: MANAGING OUROPERATIONAL FOOTPRINT
CREATING STAKEHOLDER VALUEOUR TEAM

technical or operational difficulties; the outcome of research efforts and future technology developments, including the ability to scale projects and technologies on a commerciallycompetitive basis and our ability to take advantage of those innovations and developments; the effectiveness of our risk management strategies, including mitigating climaterelated risks; our ability to identify and execute opportunities, and the economic viability of those opportunities, including those relating to methane destruction; the ability of ourexisting assets and expertise to support the growth of, and transition to, various energy opportunities, including through the positioning and optimization of our assets; our ability
to efficiently reduce the carbon output (both on an absolute scale and relative intensity) of our operations (both Scope 1 and 2), including through the use of lower carbon power
alternatives, management practices and system optimizations; the necessity to direct our focus on maintaining and enhancing our existing assets; the impacts of acquisitions
or dispositions; changes in supply and demand and other market factors affecting future prices of coal; changes in the relative energy mix across activities and geographies; theactions of competitors; changes in regional and global economic growth rates and consumer preferences; the pace of regional and global recovery from the COVID-19 pandemic
and actions taken by governments and consumers resulting from the pandemic; changes in population growth, economic development or migration patterns; and other factors
discussed in this report and in Item 1A of CONSOL’s Annual Report on Form 10-K for 2022 and subsequent Quarterly Reports on Forms 10-Q. The forward-looking statements inthis report speak only as of the date of this report and CEIX disclaims any intention or obligation to update publicly or review any forward-looking statements, whether in responseto new information, future events, or otherwise, except as required by applicable law. In this report, we refer to direct operating greenhouse gas emissions (inclusive of scope 1 and

GOVERNANCE, ETHICS, AND COMPLIANCE

scope 2 emissions). We note that direct operating greenhouse gas emissions does not refer to our carbon emissions associated with the use of energy products we sell (referred

INNOVATION AND STRATEGY

products in its net zero plan.

SUSTAINABILITY INDEXPOINT OF CONTACT DISCLAIMERDISCLAIMER
 POINTPOINTOFOFCONTACTCONTACT

to as scope 3 emissions). CEIX only controls its direct operating emissions. This statement is not intended to suggest that CEIX is addressing the emissions from use of its energy

For questions regarding this report, please contact:
Jacquie Fidler
Vice President, Environmental & Sustainability
CONSOL Energy Inc.
275 Technology Drive, Suite 101
Canonsburg, PA 15317
Office: 724-416-8300
Email: jacquelinefidler@consolenergy.com

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