Dear Stakeholders,

The unprecedented challenges in 2020 due to the COVID-19 pandemic were far-reaching and continue in many parts of society and the economy.  At Southwestern Energy (SWN) our talented team of employees continue to meet these challenges head on, driven by our core-value based culture and unwavering, shared goal of creating sustainable long-term value for our stakeholders.  I am immensely proud of the determination and resilience of every employee here at Southwestern Energy.  Their commitment to enhancing the Company’s position as a leading natural gas company responsibly developing and producing clean, low carbon energy is the embodiment of the “Right People Doing the Right Things.”

SWN’s strategic intent is to be the preferred investment vehicle for institutional investors to gain exposure to responsible natural gas development in a low carbon future.  Through the disciplined execution of our strategy, as laid out in our 2020 corporate responsibility report, Southwestern is well positioned to deliver sustainable financial and operational results underpinned by our core values of health, safety, and ESG.

This means we operate in a manner that minimizes the impact of our business on the environment, protects the health and safety of our employees and contractors, respects the personal value and uniqueness of every employee while being a good neighbor in the communities in which we are privileged to work and live.

Our governance structure is designed to promote transparency, disciplined risk management, and rigorous decision-making that creates value for our stakeholders. As we execute our corporate strategy, we will continue to do so in a manner that reflects our core principles.

This year marks our 8th annual Corporate Responsibility report, which continues to highlight our leading ESG performance.  This report expands on our ESG strategy as a key element of our corporate strategy and provides increased disclosures aligned with the frameworks described in the report.  Some of the highlights of our progress and accomplishments to date include:

  • Expanded well certification and continuous emissions monitoring of all Appalachia wells
  • Recorded the fifth consecutive year of freshwater neutrality and replaced 14+ billion gallons of freshwater in communities where we work and live
  • Delivered record environmental and safety performance for the company
  • Increased the weighting of HSE/ESG related metrics in the annual bonus calculation by 50%
  • Progressed meaningful diversity and inclusion initiatives, including a development program for high-performing women

While we have achieved significant progress, we remain committed to continuous improvement.  In addition to proactive dialogue with stakeholders, we are enhancing our existing ESG programs in Appalachia and expanding them to our new operating area of the Haynesville Shale, aligning our operations across all of our assets.

We are pursuing further elimination of emissions through reduction projects, assessing long-term emission reduction targets following the full integration of acquired assets, further progressing diversity and inclusion initiatives, and continuing the strong performance from existing programs and practices, including our ONE Team HSE culture. We’re confident that these actions will further establish our leading position in natural gas development, which is foundational to a lower-carbon future.

I again extend my sincere gratitude to our team for maintaining their focus on high-performance along with a deep and focused commitment to collaboration, innovation, inclusion and excellence. Our collective efforts are creating sustainable value for our stakeholders through responsibly developing energy that powers our world.

Sincerely,

Bill Way
President and Chief Executive Officer