Warrior Met Coal Publishes 2022 Corporate Responsibility Report

Rhea-AI Summary

Warrior Met Coal (NYSE: HCC) published its 2022 Corporate Responsibility Report, outlining its commitment to environmental, social, and governance (ESG) initiatives. The company has set ambitious goals, including a 50% reduction in greenhouse gas emissions and a 25% reduction in water usage by 2030. CEO Walter J. Scheller III emphasized the importance of lowering environmental impact and fostering community partnerships. Warrior aims to sustain a diverse workforce while continuing to provide premium metallurgical coal to the steel industry, which is critical for future industrial growth.

Positive

• Establishment of a comprehensive ESG roadmap aims to lower carbon footprint and enhance sustainability.
• Targets set for significant reductions in GHG emissions (50% by 2030) and water usage (25% by 2030).
• Commitment to a diverse and equitable workforce and community partnerships.

Negative

• None.

BROOKWOOD, Ala.--(BUSINESS WIRE)-- Warrior Met Coal, Inc. (NYSE: HCC) (“Warrior” or the “Company”), today published its 2022 Corporate Responsibility Report.

In 2022, Warrior began a year-long review collaborating with stakeholders and industry experts to develop a comprehensive environmental, social and governance (ESG) roadmap for the future.

This comprehensive review included developing science-based goals to lower our carbon footprint by reducing greenhouse gas (GHG) emissions and our consumption of natural resources. The targets established include:

• 50% reduction in GHG emissions by 2030
• 25% water usage reduction by 2030

“We understand that lowering our environmental impact, effective governance, and strong community partnerships leads to a better future, not only for the Company, but for all stakeholders,” said Walter J. Scheller, III, Chief Executive Officer of Warrior.

The Company is focused on a long-term ESG strategy to improve environmental performance, foster a diverse and equitable workforce and provide jobs to support the local economy, while supplying the steel industry with premium metallurgical (“met”) coal to build the future.

More information about Warrior’s sustainability efforts can be found on our website, where the Company’s 2022 Corporate Responsibility Report is available for download.

About Warrior

Warrior is a U.S.-based, environmentally and socially minded supplier to the global steel industry. It is dedicated to mining non-thermal met coal used as a critical component of steel production by metal manufacturers in Europe, South America and Asia. Warrior is a large-scale, low-cost producer and exporter of premium quality met coals, also known as hard-coking coal (HCC), operating highly efficient longwall operations in its underground mines based in Alabama. The HCC that Warrior produces from the Blue Creek coal seam contains very low sulfur, has strong coking properties and is of similar quality to coal referred to as the premium HCC produced in Australia. The premium nature of Warrior’s HCC makes it ideally suited as a base feed coal for steel makers and results in price realizations near S&P Global Platts Index price. For more information, please visit www.warriormetcoal.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230131006046/en/

For Investors:

Dale W. Boyles, 205-554-6129

dale.boyles@warriormetcoal.com

For Media

D’Andre Wright, 205-554-6131

dandre.wright@warriormetcoal.com

Source: Warrior Met Coal, Inc.

FAQ

What are Warrior Met Coal's 2022 ESG targets?

Warrior Met Coal aims for a 50% reduction in greenhouse gas emissions and a 25% reduction in water usage by 2030.

When was Warrior Met Coal's Corporate Responsibility Report published?

Warrior Met Coal published its 2022 Corporate Responsibility Report in January 2023.

What is the stock symbol for Warrior Met Coal?

The stock symbol for Warrior Met Coal is HCC.

What is Warrior Met Coal's role in the steel industry?

Warrior Met Coal supplies premium metallurgical coal, essential for steel production globally.

Where does Warrior Met Coal operate?

Warrior Met Coal operates underground mines in Alabama, USA.