Cheniere Publishes 2021 Corporate Responsibility Report

Rhea-AI Summary

Cheniere Energy, Inc. (LNG) has released its 2021 Corporate Responsibility report titled Acting Today, Securing Tomorrow. The report emphasizes the company's ESG initiatives, which include a 34% reduction in Scope 1 greenhouse gas emissions intensity since 2016 and plans to increase employee ESG-related performance compensation from 17% to 30%. With around 75% of its LNG volumes delivered to Europe this year, Cheniere highlights its role in enhancing energy security. The report aligns with TCFD and SASB guidelines and features the introduction of Cargo Emissions Tags for customers.

Positive

• 34% reduction in Scope 1 GHG emissions intensity since 2016.
• 17% of annual performance compensation tied to ESG metrics, increasing to 30% in 2022.
• Introduction of Cargo Emissions Tags (CE Tags) to enhance environmental transparency.
• Investment of $5 million into community development projects.
• Strengthened Board of Directors with two new female directors.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) today published its 2021 Corporate Responsibility (CR) report, entitled Acting Today, Securing Tomorrow. The report details Cheniere’s approach and progress on environmental, social and governance (ESG) matters as the company continues to support the global need for secure, diverse energy supplies and the transition to a lower-carbon future. The report also highlights Cheniere’s contributions to energy security during a critical time in history, with approximately 75% of liquefied natural gas (LNG) volumes produced by Cheniere since the start of this year delivered to Europe.

“The Cheniere team achieved significant milestones across our ESG initiatives last year, further demonstrating our leadership and focus on being actionable, not aspirational,” said Jack Fusco, Cheniere’s President and CEO. “In fact, the progress we have made on climate and sustainability has enabled us to begin providing Cargo Emissions tags to our long-term customers this year. Our conviction in our LNG platform has never been stronger, and we look forward to continuing to lead the LNG industry on environmental transparency, providing the world with a cleaner, more secure, and reliable energy solution.”

Acting Today, Securing Tomorrow is available here.

Cheniere’s report aligns with recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainable Accounting Standards Board (SASB) and other leading reporting standards. It focuses on six key areas – Climate, Environment, Health and Safety, Team, Communities and Governance.

Highlights from Cheniere’s 2021 CR report include:

• 17% of annual performance compensation scorecard for all employees tied to ESG metrics (increasing to 30% in 2022).
• 34% reduction in Scope 1 GHG emissions intensity since 2016.
• Published the first-of-its-kind, peer-reviewed greenhouse gas life-cycle assessment to improve emissions accounting.
• Initiated a unique quantification, monitoring, reporting and verification (QMRV) collaboration with natural gas suppliers and academic institutions.
• Announced the development of Cargo Emissions Tags (CE Tags).
• Further strengthened Cheniere’s Board of Directors by appointing two new female directors.
• Invested $5 million into community development projects in the areas where Cheniere employees live and work.

To read the full CR report, past reports and accompanying materials, visit the ESG reporting suite.

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 mtpa of LNG in operation. 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 March 31, 2022, filed with the Securities and Exchange Commission.

Forward-Looking Statements

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, (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, and share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. 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/20220620005599/en/

Cheniere Energy, Inc.



Investors

Randy Bhatia, 713-375-5479

Frances Smith, 713-375-5753



Media Relations

Eben Burnham-Snyder, 713-375-5764

Phil West, 713-375-5586

Source: Cheniere Energy, Inc.

FAQ

What are the key highlights from Cheniere Energy's 2021 Corporate Responsibility report?

Key highlights include a 34% reduction in Scope 1 GHG emissions intensity since 2016 and 17% of performance compensation tied to ESG metrics.

When was Cheniere Energy's 2021 Corporate Responsibility report released?

The report was released on June 20, 2022.

How much LNG did Cheniere Energy deliver to Europe in 2021?

Approximately 75% of the LNG volumes produced by Cheniere since the start of 2021 were delivered to Europe.

What is the new percentage of employee compensation tied to ESG metrics at Cheniere Energy?

The percentage of employee compensation tied to ESG metrics will increase from 17% to 30% in 2022.

What are Cargo Emissions Tags introduced by Cheniere Energy?

Cargo Emissions Tags (CE Tags) are initiatives to provide long-term customers with emissions data for transparency.