Cheniere Highlights the Power of Connection in 2022 Corporate Responsibility Report

Rhea-AI Summary

Cheniere Energy, Inc. (NYSE American: LNG) published its 2022 Corporate Responsibility Report, titled The Power of Connection, highlighting the company's efforts to link U.S. energy supply with markets worldwide. The report details Cheniere's progress on environmental, social and governance (ESG) matters, including safety, community commitment, environmental management, and climate initiatives. Key highlights include bolstering Europe's energy security, achieving record safety performance, and initiating emissions reduction projects. The report aligns with TCFD and other leading reporting standards.

Positive

• Cheniere Energy, Inc. demonstrates a strong commitment to environmental, social, and governance (ESG) matters, as evidenced by the initiatives detailed in the 2022 Corporate Responsibility Report. The company's focus on safety, emissions reduction, and community engagement showcases its dedication to sustainability and responsible operations. The alignment with TCFD and other leading reporting standards enhances transparency and accountability, bolstering investor confidence.

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• None.

HOUSTON--(BUSINESS WIRE)-- Cheniere Energy, Inc. (NYSE American: LNG) today published its 2022 Corporate Responsibility Report, titled The Power of Connection, highlighting the company’s efforts to link U.S. energy supply with markets worldwide during a crucial moment in history, when energy security and energy transition goals have become key for countries around the world.

The Power of Connection also details Cheniere’s progress on environmental, social and governance (ESG) matters, including the company’s safety-first culture, commitment to the communities in which it operates, environmental management and strategic climate initiatives.

“In 2022, the power of Cheniere’s connection to the world was made clear. We connected abundant North American natural gas to markets where it was needed most and did so in a safe and responsible manner, helping to ensure hundreds of millions of people around the world had secure and reliable energy,” said Jack Fusco, Cheniere’s President and CEO. “We also advanced key initiatives that enhanced our environmental transparency and improved the sustainability of our product, including our science- and evidenced-based emissions programs and our sixth consecutive year of safety performance improvements.”

Highlights from Cheniere’s 2022 Corporate Responsibility Report include:

• Bolstering Europe's energy security during an energy crisis, with over 460 LNG cargoes, or more than 70% of LNG produced by Cheniere, being delivered to the continent
• Achieving record safety performance, with a Total Recordable Incident Rate of 0.05 and Lost Time Incident Rate of 0.00, for a sixth consecutive year of performance improvement
• Commencing the issuance to all long-term customers of Cargo Emissions Tags, which provide estimated greenhouse gas emissions associated with each cargo produced at our facilities
• Initiating Quantification, Monitoring, Reporting and Verification (QMRV) projects with midstream partners and at Cheniere’s liquefaction facilities, complementing the company’s upstream and shipping QMRV programs launched in 2021, and achieving publication of results in a peer-review scientific journal
• Joining the Oil and Gas Methane Partnership 2.0, the United Nations Environment Programme’s flagship oil and gas methane emissions reporting and mitigation initiative
• Expanding the weight of ESG metrics to 30% in our annual performance scorecard that applies to all employees
• Tallying more than 15,000 volunteer hours by employees and contributing $1 million to historically underserved communities

The Power of Connection aligns with recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD), the Sustainable Accounting Standards Board and other leading reporting standards. It focuses on seven key areas – Communities; Climate; Environment; Health and Safety; Team; Diversity, Equity and Inclusion; and Governance.

To read the full report, past reports and accompanying materials, visit the Report Center at Cheniere.com.

About Cheniere

Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (“LNG”) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 million tonnes per annum (“mtpa”) of LNG in operation and an additional 10+ mtpa of expected production capacity under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.

For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, filed with the Securities and Exchange Commission.

Forward-looking statement

This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, and (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases and execution on the capital allocation plan. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230807358301/en/

Investors

Randy Bhatia, 713-375-5479

Frances Smith, 713-375-5753

Media

Eben Burnham-Snyder, 713-375-5764

Bernardo Fallas, 713-375-5593

Source: Cheniere Energy, Inc.

FAQ

What is the title of Cheniere Energy, Inc.'s 2022 Corporate Responsibility Report?

The title of the report is The Power of Connection.

What are the key areas focused on in the report?

The report focuses on seven key areas: Communities; Climate; Environment; Health and Safety; Team; Diversity, Equity and Inclusion; and Governance.

Where can the full report and accompanying materials be found?

The full report, past reports, and accompanying materials can be found at the Report Center at Cheniere.com.

What is the Total Recordable Incident Rate for Cheniere's safety performance?

The Total Recordable Incident Rate is 0.05, and the Lost Time Incident Rate is 0.00, showcasing a sixth consecutive year of performance improvement.