CNX Resources - 1792 Exchange

Rating Overview

CNX Resources is Lower Risk.

CNX Resources is Lower Risk. The company does not yield to political activism in shaping corporate governance, preventing initiatives that potentially alienate consumers, divide employees, and harm shareholders. The company elevates merit, excellence, and integrity ahead of race and identity-based policies. The company does not embrace corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach protects free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	Lower Risk
Funding	Lower Risk
Political Actions	Lower Risk

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

CNX Resources integrates ESG into its business practices. From its 2023 Social Responsibilty Report/ p.36: “Since 2021, executive compensation has
been tied to annual methane intensity
reduction targets through our long-term
incentive program, explicitly linking pay
to ESG performance” (1). CNX Resources integrates ESG into its business practices. From its 2020 Responsibility Report/p.13: “GHG reduction in the natural gas supply chain, hedging
revenue to lock in margins, and maintaining ample liquidity
are the primary drivers of CNX’s market risk response” (2). However, CNX Respurces has not canceled customers, suppliers, or vendors based on political views or religious beliefs (3).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

CNX Resources does not discriminate against charitable organizations based on views or beliefs (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

CNX Resources appears to prioritize diversity over merit in its leadership . From its 2023 Responsibility Report/p 108: “Annual bonus metrics are rigorously vetted and reflect the building blocks that support
long-term value creation. Our corporate scorecard incorporates ESG metrics, ensuring
alignment between the Board’s priorities and company performance. Strong safety and
environmental performance are critical to CNX leadership, management, and—as our
ongoing stakeholder dialogue reveals—to our investors and other stakeholders as well” (1) CNX Resources does not provide viewpoint protections for its employees (2).