Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 24% reduction in total carbon dioxide equivalent emissions since 2016
• Completed a risk and opportunity assessment to identify the transitional exposure of the business and the physical risks posed to our people and assets.
• Worked on more than 80 waste to energy projects
• Vale Clean AER Project reduced smelter SO2 emissions by 85%, metals particulate by 40%, and greenhouse gases by 40%.

Social Achievements

• Launched LGBTIQ+ employee network
• Achieved gender targets for non-executive directors and senior executive leadership
• Participated in over 296 corporate responsibility activities across 21 countries, involving over 6,000 Group personnel
• Supported local communities through the network of corporate responsibility champions across 40+ offices.
• Developed CAROL (Catalyst Removal Amphirol), a robot for catalyst unloading, reducing workplace risks.

Governance Achievements

• Over 40,000 contractors, employees and partners received Code of Conduct training
• 74 ethics reports received via Ethics Helpline
• Updated Supply Chain Code of Conduct
• Published first annual UK Modern Slavery Statement

Climate Goals & Targets

Environmental Challenges

• Maintaining accurate and complete energy consumption data
• Impact of the merger on overall gender representation
• Low availability of women in external labor markets for craft/hourly roles
• Managing risks related to corruption and bribery across global operations
• Addressing modern slavery risks in supply chains

Mitigation Strategies

• Focus on improving the accuracy and completeness of energy consumption data
• Continued progress on diversity and inclusion plan
• Regular pay gap assessments
• Harmonization of compliance programs post-merger
• Updates to supply chain policies and procedures, including pre-qualification process and supplier visits

Supply Chain Management

Supplier Audits: Over 1,400 customer responsible business assessments (FY2019)

Responsible Procurement

• Supply Chain Code of Conduct
• Sustainable procurement procedures
• Tracking and promoting inclusion of local businesses

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events impacting power grids

Transition Risks

• Regulatory changes
• Market shifts in energy sector

Opportunities

• Growth in renewable energy projects
• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI, UNGC

Certifications: ISO 14001 (in a number of locations)

Third-party Assurance: Ernst & Young (limited assurance)

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 8 (Decent work and economic growth)
• Goal 9 (Industry, innovation and infrastructure)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)

The report highlights how various initiatives contribute to these goals.

Sustainable Products & Innovation

• CAROL robot
• Requis platform
• Fugitive Emissions Leak Detection and Repair Platform
• Zero-bleed actuators

Awards & Recognition

• 2018 IJGlobal Asia Pacific PPP Deal of the Year award (Tibar Bay Port Expansion Project)

Environmental Metrics

ESG Focus Areas

• Health and well-being
• Climate change
• Affordable, sustainable access to clean energy

Environmental Achievements

• Developed a new approach to assessing greenhouse gas emissions, combining best practices from WorleyParsons and ECR.
• Set a target to achieve net zero Scope 1 and Scope 2 emissions by 2030.
• Developed Sustainable Solutions, a new sustainability approach, for launch in FY2021 to help customers reduce carbon emissions on projects.
• Repurposed approximately 70,000 tonnes of materials and equipment through the Requis platform.

Social Achievements

• Launched the 'Life' safety, health and well-being approach with four new programs: Life-Saving Rules, Take5 for Safety, Life Conversations, and Life Matters.
• Improved gender diversity of the Group Executive to equal male and female representation.
• Developed the first Reconciliation Action Plan in Australia.
• Communicated a strong position of intolerance of racism and exclusion.
• Increased leadership and people support for LGBTIQ+ employees.

Governance Achievements

• Formalized Board-level governance over the sustainability program.
• Expanded the responsibilities of the People and Remuneration Committee to include People strategy and policies.
• Improved modern slavery prevention program through increased training and awareness, risk assessment, and strengthened review processes.
• Refreshed the responsible business assessment process, elevating decision-making on risk factors to CEO and line of business leader level.
• Implemented an enhanced program of continuous vulnerability scanning and increased formal 'threat hunting' exercises to protect data and systems.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting communities, business operations, and project delivery.
• Decline in oil price reducing planned capital spend by hydrocarbons production companies.
• Climate change posing physical and transitional risks to the industries served.
• Highly competitive and dynamic market environment.
• Risks associated with environmental issues.

Mitigation Strategies

• Agile response to protect people, maintain financial and operational integrity, and support customers.
• Transitioned over 40,000 office-based employees to working from home.
• Modified field practices to ensure site-based team safety.
• Protected cash, managed receivables, and postponed non-essential capital expenditure.
• Strengthened liquidity position by extending existing and securing additional facilities.
• Embedded climate change considerations within core risk and strategy processes.
• Established an energy transition working group.
• Implemented a strategy development process using internal and external market data, macro trends, scenario analysis, and business knowledge.
• Established an experienced mergers and acquisitions team to drive delivery of integration objectives and synergies.
• Implemented a health and safety framework, including Life approach and associated programs, and R3 processes for security, crisis response, and business continuity planning.

Supply Chain Management

Responsible Procurement

• Supply Chain Code of Conduct
• Responsible Business Assessment Standard

Climate-Related Risks & Opportunities

Transition Risks

• Regulatory and other changes leading to increased cost, delays, or cancellation of projects.

Opportunities

• Increased pace of projects associated with renewable and distributed energy.

Reporting Standards

Frameworks Used: GRI Standards: Core option, UN Global Compact, TCFD

Third-party Assurance: Independent third-party auditors provide limited assurance on a biennial basis.

Sustainable Products & Innovation

• In-line liquid removal system for gas fields
• Plastic debris harvesting solution for ocean cleanup
• VECKTA platform for microgrids and distributed energy systems

Environmental Metrics

ESG Focus Areas

• Health, Safety and Well-being
• Affordable and Clean Energy
• Industry, Innovation and Infrastructure
• Climate Action

Environmental Achievements

• Reduced Scope 1 and Scope 2 GHG emissions by 14% from FY2022
• Reduced Scope 1 and Scope 2 emissions by 64% since baseline year
• On track to meet Scope 1 and Scope 2 net-zero commitments

Social Achievements

• Launched peer-to-peer recognition program, Appreciate
• Launched new eLearning platform
• Embedded psychosocial factors into Life programs
• Commenced Respect at Work program
• 48% of graduates recruited were women

Governance Achievements

• Ran Code of Conduct refresher training
• Updated Supply Chain Code of Conduct
• Independent third-party auditors provided limited assurance on select ESG performance metrics

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Inflation
• Labor, employment, inflation and skills shortages
• Cyberattacks and data breaches
• Talent acquisition and retention
• Climate change (physical and transition risks)
• Nature-related risks (biodiversity loss, pollution, resource over-extraction)

Mitigation Strategies

• Risk-adjusted approach and low-risk appetite
• Active portfolio management
• Cost savings initiatives ($375 million annualized savings)
• Investment in people development and reskilling
• Strengthened cybersecurity framework
• R3 (Ready, Response and Recovery) management system
• Climate Change Position Statement and net-zero roadmap
• Nature roadmap to seek positive outcomes for nature
• Responsible Business Assessment Standard

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supply Chain Code of Conduct
• ESG-related criteria in supplier pre-qualification questionnaire

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Changing demand for fossil fuels
• Rapid technology development

Opportunities

• Growth in lower-carbon products and services

Reporting Standards

Frameworks Used: Integrated Reporting Framework, Global Reporting Initiative (GRI) 2021 Standards, Task Force on Climate-related Financial Disclosures (TCFD)

Certifications: ISO 9001, ISO 27001 (ISMS), ISO 45001 (parts of the business)

Third-party Assurance: Independent third-party auditors provided limited assurance on select ESG performance metrics

UN Sustainable Development Goals

• SDG 3
• SDG 7
• SDG 9
• SDG 13

The report details how initiatives contribute to these goals.

Sustainable Products & Innovation

• Replic8 software
• Pseudo dry gas technology
• Chemetics® and Comprimo® technologies

Awards & Recognition

• Chevron Commitment to Safety Award
• RoSPA Gold Award
• Land Transport Authority (LTA) of Singapore Safety Award
• Apprentice Employer of the Year award

Environmental Metrics

ESG Focus Areas

• climate
• safety, health and wellbeing
• talent attraction and retention
• responsible business conduct

Environmental Achievements

• Reduced Scope 1 and Scope 2 emissions by 7% since FY2023 by purchasing and retiring renewable energy certificates (or equivalent instruments) and renewable energy contracts.
• Phased out single-use plastics in strategic locations, including London, Bulgaria, Calgary, Türkiye, New Zealand and South Africa.
• Reduced the consumption of paper cups with plastic lining by 64%, equivalent to over 325,000 plastic cups.

Social Achievements

• Launched wellbeing hub with 22,430 visits during FY2024.
• Launched Respect at Work Policy and implemented training for all leaders.
• Improved gender balance of graduates to 56% from 48% last year.
• Increased women in senior leadership positions from 16% in FY2023 to 18% in FY2024.

Governance Achievements

• Established Human Rights and Diversity, Equity and Inclusion (HRDEI) Committee.
• Updated Human Rights and Modern Slavery policies.
• Received an ‘A’ disclosure quality rating by Monash University for our FY2022 Modern Slavery Statement.

Climate Goals & Targets

Environmental Challenges

• Attraction and retention of highly skilled people to meet demand.
• Inflation and supply chain disruption and their impact on the economics of business.
• Ongoing geopolitical tensions affecting normal operations of global markets.
• Higher cost of capital and variable support from governments for the energy transition resulting in some project deferrals and cancellations.

Mitigation Strategies

• Strengthening risk management framework and practices.
• Focusing on mitigating risks through the strength of our diversified global business, project assurance and ability to rapidly redeploy people.
• Exploring energy transition opportunities to inform and prioritize transformation program.
• Pursuing partnerships to support new process and digital technologies to support driving down the levelized cost of projects.

Supply Chain Management

Supplier Audits: 9,600+ due diligence checks

Responsible Procurement

• Supply Chain Code of Conduct
• ESG-related criteria in supplier pre-qualification questionnaire

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events

Transition Risks

• Higher cost of capital
• Variable government support for energy transition

Opportunities

• Market leadership in sustainability solutions
• Energy transition and emerging technology

Reporting Standards

Frameworks Used: GRI 2021 Standards, IFRS, CDP

Certifications: ISO 14001, ISO 45001, ISO 27001:2022

Third-party Assurance: Third-party assurance provider (limited assurance on key ESG metrics)

Sustainable Products & Innovation

• Worley Comprimo and Worley Chemetics technologies
• CORE-SO2TM process
• Pseudo Dry Gas (PDG) subsea liquid removal system
• Nano One One-Pot process

Awards & Recognition

• 2023 Excellence in Construction Award from the Associated Builders and Contractors (ABC)
• Royal Society for the Prevention of Accidents (RoSPA) Order of Distinction
• Silver Workplace Safety and Health Award from the Singapore Ministry of Manpower
• Outstanding Safety Performance Award from Thai Oil

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Energy Transition

Environmental Achievements

• Reduced Scope 1 and Scope 2 GHG emissions by 7% since FY2023
• Reached Sustainability-Linked Bond target of a 65% reduction of Scope 1 and 2 emissions from FY2020 baseline by FY2025
• Generated 188 MWh of solar energy from rooftop solar panels in Norway and Thailand
• Reduced annual lighting energy consumption by 77% at Edmonton and Blackfalds Modularization Yard through LED upgrades
• Reduced fuel consumption by over 20,000 liters by replacing 18 petrol cars with hybrid cars in Saudi Arabia
• Reduced fuel consumption by 24,000 liters by replacing 72 petrol cars with electric cars in Belgium and Netherlands

Social Achievements

• Not disclosed

Governance Achievements

• Board and management team oversee climate-related risks and opportunities
• Health, Safety and Sustainability Committee (HSSC) and Audit and Risk Committee (ARC) monitor and report on climate-related risks and opportunities
• Climate-related performance indicators incorporated into Group’s remuneration policy and framework

Climate Goals & Targets

Environmental Challenges

• Increased severity and frequency of weather-related events impacting business and people
• Longer-term shifts in climatic patterns impacting presence in key regions and supply chains
• Evolving climate change policy actions influencing investment in lower carbon markets
• Rapid advancement of process and digital technology changing demand for services
• Changing markets as customers position themselves in the energy transition
• Reputational impact from involvement in traditional sectors and high-carbon intensity projects

Mitigation Strategies

• Proactive business continuity management, global R3 team, and health and safety procedures
• Monitoring physical climate change scenarios and evolving supply chain management strategy
• Incorporating market trends in strategy planning and scenario analysis, engaging with stakeholders on policy changes
• Collaboration with industry partners, digital innovations in project delivery and asset management, strategic partnerships, internal upskilling
• Deliberate zippering approach to account management, helping customers decarbonize, growing sustainability-related work
• Communicating purpose and ambition, working with customers in traditional sectors to decarbonize, applying SEAL standard, using Responsible Business Assessment (RBA) Standard

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supply Chain Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity and frequency of weather-related events
• Longer-term shifts in climatic patterns

Transition Risks

• Evolving climate change policy actions
• Rapid advancement of technology
• Changing markets
• Reputational risks

Opportunities

• Business growth through demand for energy efficient and lower carbon products and services
• Leadership in sustainability-related work
• Responding to climate change adaptation

Reporting Standards

Frameworks Used: TCFD, ASRS (future)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed