Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Energy Transition and Climate Impact
• Biodiversity & Conservation
• Health and Safety
• Community Development & Investment
• Empowering Our Human Capital
• Governance and Business Ethics
• Reliable & Efficient Operations
• Supply Chain Sustainability
• Risk and Crisis Management
• Innovation & Digital Transformation
• Cyber Resilience

Environmental Achievements

• Reduced total energy consumption by 1%
• Reduced CO2 emissions by 1,443 tonnes through the Ban Yen bi-fuel project (with an anticipated further reduction of approximately 4,142 tonnes)
• Achieved 100% compliance with the requirement to not discharge produced water to the sea
• Achieved a 13% recycling rate for total waste generated
• Aquatic life improvements in species richness, biodiversity, and distribution patterns in areas proximal to Valeura’s operations.

Social Achievements

• Zero fatalities and zero cases of occupational illness
• LTIFR of 0.00 for employees and 0.07 for contractors
• TRIR of 0.00 for employees and 0.14 for contractors
• Zero reported grievances on human rights
• 27 new and ongoing CSR initiatives implemented
• 150 employees volunteered for a total of 1,200 working hours for CSR initiatives
• 150 scholarships awarded and 17 school development projects supported

Governance Achievements

• Zero cases of critical concerns to business ethics and corruption
• 100% of employees formally acknowledged having reviewed the policy on business ethics and anti-corruption
• Zero substantiated complaints concerning breaches of customer privacy and losses of customer data

Climate Goals & Targets

Environmental Challenges

• High diesel consumption in drilling marine vessels
• Greenhouse gas emissions associated with flaring and venting of waste gas streams
• Potential impacts of offshore upstream oil and gas activities on biodiversity
• Climate-related risks including sea level rise, cyclones and winds, extreme heat, carbon pricing, and stakeholder perception
• Risks from failure to comply with laws, regulation, internal policies or contractual commitments

Mitigation Strategies

• Implemented more efficient approach to positioning marine vessels during tie-up operations, saving 1.9 million litres of diesel
• Ban Yen bi-fuel project and Jasmine Low BTU Gas Generator project to reduce flaring and venting
• Marine biodiversity assessments every three years
• Business Continuity Plan to ensure continuous operations during extreme weather events
• GHG reduction initiatives
• Enterprise Risk Management (ERM) process to systematically identify, assess, prioritise, mitigate, and monitor key risks

Supply Chain Management

Supplier Audits: 100% of new contractors and suppliers were screened using the pre-qualification process

Responsible Procurement

• Pre-qualification process
• Contractor Code of Conduct
• Ongoing supplier engagement
• Preference for local sourcing

Climate-Related Risks & Opportunities

Physical Risks

• Cyclones and winds
• Extreme heat
• Sea level rise

Transition Risks

• Demand for fossil fuels
• Technology substitution
• Technology deployment
• Stakeholder perception
• Stranded assets
• Carbon price
• Exposure to litigation

Opportunities

• New markets
• Renewable energy
• Resource efficiency

Reporting Standards

Frameworks Used: GRI Standards 2021, Oil & Gas Sector Standards, IFRS S1 and S2

Certifications: ISO 14001, ISO 9001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• 3
• 6
• 7
• 12
• 14

Valeura’s commitments to environmental stewardship reflect the Company’s support of the UN SDGs 3, 6, 7, 12, and 14.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installation of a gas turbine generator at the Jasmine oil field reducing greenhouse gas emissions and diesel consumption, leading to a reduction in operating costs
• Full reinjection of produced water with no overboard discharge
• Measurement of emissions baseline in 2023 to support Sustainability strategy
• Innovative GHG abatement programme at Jasmine to utilise waste gas stream for power generation

Social Achievements

• Utilise local workforce
• Provide exposure to international standards – support via leading-edge training
• Prioritise local industry sourcing and integration with service providers
• Actively support community programmes within well-defined themes

Governance Achievements

• Highest standards of business ethics – 100% code of conduct compliance
• Continually enhance transparency – Annual ESTMA Reporting
• Internationally experienced executive and board

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

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