Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Climate Change
• Environment
• People
• Community
• Economic Sustainability

Governance Achievements

• Established a Sustainability Committee

Climate Goals & Targets

Environmental Challenges

• Minimising carbon emissions related to gas resource development

Mitigation Strategies

• Utilizing advanced drilling technologies
• Exploring options to integrate renewable energy, CCS, and carbon offsets
• Applying leading technologies to minimise fugitive methane emissions

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, TCFD, GRI

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Climate Change
• Environment
• People
• Community
• Economic Sustainability

Environmental Achievements

• Increased internal capabilities in Sustainability by growing Tamboran’s Sustainability team.
• Created GHG forecasts for Tamboran’s Beetaloo development concepts
• Introduced an internal carbon price that is applied to all of Tamboran’s scope 1 and 2 GHG emissions.
• Commissioned studies on renewable energy potential in the Beetaloo and how it can be incorporated into Tamboran’s development concepts.
• Developed a greenhouse gas abatement approach focused on Avoid, Minimize, and Offset.
• Continued to build Tamboran’s carbon offset portfolio to over 20,000 tonnes of carbon offsets by the end of FY 2022.

Social Achievements

• Supported Northern Territory businesses owned by indigenous stakeholders

Governance Achievements

• The Board is accountable for monitoring the effectiveness of programs, practices and measures in relation to sustainability. Occupational health and safety and social performance are standing agenda items at all regular Board meetings.

Climate Goals & Targets

Environmental Challenges

• Potential risks associated with the Company’s growth strategy and vision to become a Net Zero emissions producer for its equity share of Scope 1 and Scope 2 emissions. Achievement of Tamboran’s vision of becoming a Net Zero emissions producer of gas is presently uncertain and depends on Tamboran being able to economically manage its carbon emissions, which could for example be impacted by availability of future revenues to fund various carbon initiatives, market pricing of carbon offsets, technological developments affecting operations and costs of implementing sustainable practices.

Mitigation Strategies

• Utilizing technology, such as renewables, batteries, and Carbon Capture and Storage (CCS) and through implementing best operating practices to reduce GHG emissions. Using high-quality carbon offsets to reduce any residual GHG emissions.

Supply Chain Management

Responsible Procurement

• Employing local contractors and service providers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD, SASB, GRI, UN Sustainable Development Goals

Certifications: Climate Active carbon neutral certification

Environmental Metrics

ESG Focus Areas

• Climate Change
• Community
• Environment
• Health and Safety
• People
• Economic Sustainability

Environmental Achievements

• Achieved an internal goal of net zero equity Scope 1 and 2 GHG emissions upon commencement of commercial production.
• Successfully completed flow testing of the SS1H well, demonstrating its productivity.

Social Achievements

• Prioritized local hiring for employees and contractors.
• Granted 842,400 RSU awards under the 2024 Incentive Award Plan.

Governance Achievements

• Sustainability overseen by a Sustainability Committee composed of board members.

Climate Goals & Targets

Environmental Challenges

• Community opposition to development in the Beetaloo.
• Native title and heritage risks associated with exploration and development.
• Requirement to produce natural gas on a Scope 1 net zero basis upon commencement of commercial production.
• Increased attention to ESG matters and environmental conservation measures.
• Recurring operational losses, negative cash flows, and substantial cumulative net losses raising substantial doubt about the ability to continue as a going concern.
• Supply chain disruptions and inflationary pressures.

Mitigation Strategies

• Comprehensive sustainability program.
• Engaging with local communities and traditional owners.
• Utilizing carbon offsets, renewable energy, methane leakage minimization technology, and carbon capture storage.
• Pre-purchased long lead materials.
• 10-year option with H&P to contract for up to four additional FlexRigs®.
• Working on diversifying suppliers.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events
• Water scarcity

Transition Risks

• Declining demand for natural gas
• Regulatory changes

Opportunities

• Supplying natural gas to markets seeking to reduce reliance on coal.

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed