Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Environment
• Community
• Our People
• Economic Contribution

Environmental Achievements

• Reduced total flaring at Bayu-Undan by 20% from 2006 to 2012
• Consistent compliance with oil in water discharge limits at Bayu-Undan
• No major environmental incidents at Bayu-Undan since commencement of operations
• Plant design features at Darwin LNG to optimise emissions reduction and energy efficiency
• In 2010, Darwin LNG commenced supply of the nitrogen rejection vent stream as feedstock to the adjacent BOC-operated Helium Plant, previously vented to atmosphere
• No major environmental incidents at Darwin LNG since commencement of operations
• Australia Pacific LNG will manage potential impacts on Curtis Island by undertaking several activities including biosecurity management, vegetation offsets, species specific management guidelines, pre-clearing surveys, erosion control, fauna management, sensitive lighting, and collaborative work with other projects
• Winning of APPEA's 2012 Environmental Excellence Award for Greater Poseidon project for best-practice environmental research

Social Achievements

• Bayu-Undan has contributed over $12 billion in royalties and revenues to Timor-Leste’s Petroleum Fund
• Australia Pacific LNG will employ up to 10,000 people during construction and approximately 1,000 for ongoing operations
• WAVES safety program driven significant safety improvements
• Contractor management process resulted in improved communication, collaboration, and reduced risk of incidents
• Numerous community investment programs in education, health, environment, civic and arts, including support for disaster relief
• Partnership with USAID to expand horticulture project in Timor-Leste, supporting rural social and economic development
• Australia Pacific LNG’s funding enabled the establishment of a Gladstone based Many Rivers Microfinance operation

Governance Achievements

• Support for the Extractive Industries Transparency Initiative (EITI) to bring greater accountability to the receipt and use of revenues levied from the resources sector
• Timor-Leste was accepted as an EITI compliant country on 1 July 2010

Climate Goals & Targets

Environmental Challenges

• Stakeholder concerns about oil and gas extraction technologies, such as hydraulic fracturing
• Managing social impacts associated with industrial growth in Gladstone, such as increased traffic
• Maintaining freshwater quality and availability

Mitigation Strategies

• Providing stakeholders with information and reassurances through scientific research, community consultation and public education campaigns
• Working with Gladstone authorities to manage land and marine traffic movements
• Initiatives to support water quality and energy efficiency and minimise emissions and discharges

Supply Chain Management

Responsible Procurement

• Supply chain competitive bidding process
• Inclusion of local content requirements in tenders and contract negotiations

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Greenhouse and Energy Reporting (NGER)

Awards & Recognition

• APPEA's 2012 National Safety Award
• APPEA's 2012 Environmental Excellence Award
• 2012 Employer of Choice for Women by WGEA
• Australia Business Arts Foundation Regional Award for 2011 free public concert

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Environment and Water Sustainability
• Education
• Qatarization

Environmental Achievements

• Developed and applied innovative solutions for desalination and treatment of wastewater from Qatar’s oil and gas processes.
• Educated over 6,000 students and adults about water conservation through the GWSC Water Visitor Center.

Social Achievements

• Launched and executed the Kulluna health and safety campaign, conducting over 19,000 on-the-spot health tests.
• Partnered with Hamad Medical Corporation (HMC) on various health initiatives.
• Implemented Qatarization initiatives, providing meaningful employment opportunities for Qatari citizens.
• Conducted Child Passenger Safety Training (CPST) courses.

Governance Achievements

• Not disclosed

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

• Friends of the Environment Awards
• ARC'16 award for osmotic concentration process
• IPTC Young Professional contest (Joel Minier-Matar)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water
• Biodiversity
• Stakeholder Engagement
• Human Rights
• Safety
• Governance

Environmental Achievements

• Reduced annual GHG emissions by nearly 7 million tonnes CO₂e compared to business as usual since 2009.
• Reduced methane emissions by 0.3 million tonnes of CO₂e in 2018.
• Recycled or reused over 78.9 million cubic meters of produced water in 2018.
• Lowest, net-after-recovery hydrocarbons spilled on record in 2018.

Social Achievements

• Supported Aboriginal communities in Canada with over 300 contracts and subcontracts totaling about $500 million during Surmont 2 construction.
• Implemented a multiyear road safety program in the U.S. Lower 48, providing training to over 900 employees, contractors, and community members.
• Contributed more than $2 million to fund programs supporting education, social services, the arts, and the environment in the U.S. Eagle Ford region.
• Helped establish a Rubber Farmers Group in Indonesia, improving latex production and marketing capabilities for 500 farmers.

Governance Achievements

• Board of Directors oversees sustainable development positions and related strategic planning and risk management.
• Executive Leadership Team has final responsibility for developing corporate strategy and implementing sustainability efforts.
• Comprehensive governance framework for sustainable development risks and opportunities.

Climate Goals & Targets

Environmental Challenges

• GHG-related policy and regulations, including carbon taxes and offset requirements.
• Emissions and emissions management, including GHG intensity relative to peers.
• Climate-related disclosure and reporting.
• Physical climate-related impacts.
• Water scarcity and stress in some operating regions.
• Biodiversity risks in diverse ecosystems.
• Social risks related to community engagement, cumulative impacts, local content/hiring, and regulatory challenges.

Mitigation Strategies

• Integrated management system approach to identify, assess, and manage risks.
• Scenario planning to understand a range of risks and test strategy robustness.
• Climate Change Action Plan to address priority risks.
• GHG emissions intensity reduction target (5-15% by 2030).
• Use of non-fresh water sources, recycled produced water, and water reuse technologies.
• Mitigation Hierarchy (Avoid, Minimize, Rehabilitate/Restore, Offsets) for biodiversity impacts.
• Stakeholder engagement plans to address community concerns and build relationships.

Supply Chain Management

Responsible Procurement

• Code of Business Ethics and Conduct: Expectations of Suppliers
• Supplier Sustainability Forum
• Annual review meetings with major suppliers
• Supplier diversity program

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events (hurricanes, storms, flooding)
• Changes in temperature and precipitation patterns affecting water resources

Transition Risks

• GHG regulations (carbon taxes, emissions trading schemes)
• Changes in demand for fossil fuels
• Development of alternative energy technologies
• Carbon asset risk

Opportunities

• Increased demand for lower-carbon energy sources (natural gas)
• Development of carbon capture, use, and sequestration technologies
• Energy efficiency improvements

Reporting Standards

Frameworks Used: IPIECA, GRI G4 guidelines, Oil and Gas Sector Supplement, TCFD, SASB recommendations

Third-party Assurance: Third-party limited assurance for selected metrics (triennial); annual assurance for Scope 1, 2, and 3 GHG emissions.

UN Sustainable Development Goals

• Goal 7
• Goal 8
• Goal 13

Company's core business of delivering energy contributes to affordable and reliable energy, inclusive economic growth, and climate change mitigation.

Sustainable Products & Innovation

• Natural gas as a lower-carbon energy source

Awards & Recognition

• Human Rights Campaign’s Corporate Equality Index recognition
• Forbes Best Employer for Diversity
• Texas Diversity Council Top 25 Companies for Diversity

Environmental Metrics

ESG Focus Areas

• Environment & Water Sustainability
• Health and Safety
• Education

Environmental Achievements

• ConocoPhillips Global Water Sustainability Center (GWSC) celebrated its 10th anniversary, achieving a U.S. patent for water management technology and publishing numerous research papers.
• GWSC supported the startup of membrane bioreactors at Qatargas Wastewater Reduction and Recycle Plants, maximizing water resource usage efficiency.
• ConocoPhillips adopted a framework to achieve net-zero operational emissions by 2050.

Social Achievements

• Launched Kulluna, a national health and safety awareness campaign with Hamad Medical Corporation.
• Inaugurated Ghalai, the Qatar Child Passenger Safety Program.
• Supported the State of Qatar’s National COVID-19 Vaccination Program by establishing two vaccination centers, administering 1.6 million vaccine doses.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacted daily life and required adaptation of work-from-home protocols.
• Water scarcity challenges in the Middle East.

Mitigation Strategies

• Implemented a comprehensive Business Continuity Plan for work-from-home, ensuring continued CSR offerings.
• GWSC developed advanced technical solutions for water-related challenges in the oil and gas industry.
• Collaborated with partners to support vaccination efforts and mitigate the impact of the pandemic.

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

• 2019 National Energy Globe Award, Qatar Sustainability Awards 2020 (Oil and Gas Sustainability Initiative and Tadmur Special Award)

Environmental Metrics

ESG Focus Areas

• Sustainable Development Governance
• Our People
• Managing Climate-Related Risks

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Global Reporting Initiative (GRI) Standards, IPIECA Sustainability reporting guidance for the oil and gas industry, Task Force on Climate-related Financial Disclosures (TCFD), IPIECA’s Petroleum Industry Guidelines for reporting GHG emissions, American Petroleum Institute Compendium of Greenhouse Gases Emissions Methodologies for the Oil and Natural Gas Industry, US EPA Mandatory Greenhouse Gas Reporting Rule

Third-party Assurance: ERM Certification and Verification Services, Inc. (ERM CVS)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Nature (including water and biodiversity)
• Community Engagement
• Human Capital Management
• Governance
• Business Ethics
• Supply Chain Sustainability
• Human Rights

Environmental Achievements

• Reduced operational GHG emissions intensity by 14% to 23.3 kg CO2e/BOE (gross operated basis)
• Reduced methane intensity by 4% to 2.5 kg CO2e/BOE
• Decreased flaring intensity by 12%
• Decreased total flaring volumes by 13%
• Routine flaring decreased 90% from 2021
• Conserved, restored, and improved over 20 million acres through conservation partners
• Received the Texas Parks and Wildlife Department Lone Star Land Steward Award for conservation efforts

Social Achievements

• Hired a chief diversity officer and refreshed DEI strategy
• Spent $621 million with diverse suppliers in the U.S.
• Maintained best-in-class personnel safety performance
• Expanded DEI metrics on internal dashboards
• Published 2021 Human Capital Management Report
• Engaged with a third-party company to obtain insights on the diversity of external talent pools
• Launched SD career development team
• Hosted Global Environmental and Sustainable Development Leaders Workshop and a global virtual ESG awareness event
• Responded to questions, concerns, and requests for advice from employees and stakeholders, investigating alleged violations of the code and taking remedial and disciplinary actions

Governance Achievements

• Updated Code of Business Ethics and Conduct
• Updated Supplier Expectations
• Strengthened GHG intensity reduction target to 50-60% by 2030
• Established a governance structure and decision framework to operationalize and achieve net-zero operational emissions ambition
• Expanded third-party limited assurance to all sustainability disclosures

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Climate-related policy changes
• GHG emissions regulations
• Physical climate-related impacts (acute and chronic)
• Climate-related disclosure and reporting
• Access to capital markets due to investor pressure
• Water sourcing and produced water management
• Induced seismicity
• Community opposition to projects
• Community expectations of economic benefits
• Public policy restricting access to resources
• Negative public sentiment
• Potential for stranded assets

Mitigation Strategies

• Portfolio diversification (geological and geographical)
• Technology investments (water treatment, emissions reduction)
• Local conservation initiatives
• GHG forecasting and financial planning
• Policy advocacy (carbon pricing, methane regulations)
• Emissions reduction projects
• Scenario planning and Climate Risk Strategy
• Fully burdened cost of supply for capital allocation
• Maintaining a strong balance sheet and A credit rating
• Stakeholder engagement
• Social Performance Guidance
• Mitigation Hierarchy (avoid, minimize, restore, offset)
• Proactive conservation initiatives
• Global Induced Seismicity Guidelines
• Social and Stakeholder Engagement issues working group (IWG)
• Values and Interest Assessment (VIA) process
• Small Biz Builder program
• Permian Strategic Partnership (PSP)

Supply Chain Management

Responsible Procurement

• Supplier Expectations
• Supplier Sustainability Forum
• Supplier due diligence
• Quarterly Business Reviews
• Scope 3 Supplier Emissions Strategy

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Wildfires
• Permafrost thaw
• Water constraints

Transition Risks

• GHG-related policy changes
• Emissions regulations
• Carbon pricing
• Border carbon adjustments
• Access to capital

Opportunities

• LNG
• CCS
• Hydrogen
• Emissions reduction projects
• Carbon offsets

Reporting Standards

Frameworks Used: TCFD, SASB, GRI Standards 2021, API Template 2.0 for GHG Reporting, AXPC ESG Metrics Framework and Template, OGMP 2.0, Veritas

Third-party Assurance: Third-party limited assurance for all sustainability disclosures

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 8 (Decent work and economic growth)
• Goal 13 (Climate action)
• Goal 15 (Life on land)
• Goal 6 (Clean water and sanitation)

Various initiatives contribute to these goals through emissions reductions, community investment, responsible resource management, and biodiversity conservation

Sustainable Products & Innovation

• LNG

Awards & Recognition

• Texas Parks and Wildlife Department Lone Star Land Steward Award
• Outstanding CSR Project of 2022 award at the China Corporate Citizens Forum

Environmental Metrics

ESG Focus Areas

• Climate change
• Safety
• Workforce
• Shareholder returns
• GHG emissions intensity reduction

Environmental Achievements

• Accelerated Scope 1 and 2 GHG emissions-intensity reduction target through 2030 from 40-50% to 50-60%, using a 2016 baseline.
• One of 10 U.S.-based companies awarded the Oil & Gas Methane Partnership 2.0’s Gold Standard Pathway designation.
• Surmont’s gross-operated GHG emissions intensity has declined by about 20% since 2016.

Social Achievements

• Continued focus on programs and processes to attract and retain a global workforce with the skills to achieve strategic objectives.
• Increased ordinary dividend by 14%, from 51 cents per share to 58 cents per share.

Governance Achievements

• Returned $11 billion of capital to shareholders.
• Opportunistically acquired the remaining 50% working interest in Surmont.

Climate Goals & Targets

Environmental Challenges

• Reducing hard-to-abate emissions

Mitigation Strategies

• Developing and implementing region-specific emissions-reduction initiatives in key unconventional basins in the Lower 48 and Canada.
• Exploring hydrogen opportunities in the U.S., Middle East and Asia Pacific regions.
• Advancing a project to potentially develop a low-carbon ammonia production facility on the U.S. Gulf Coast.
• Membership in Pathways Alliance, collaborating to evaluate the commerciality of large-scale carbon capture and storage.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Low-carbon ammonia production facility

Awards & Recognition

• Oil & Gas Methane Partnership 2.0’s Gold Standard Pathway designation