Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Employee Safety
• Community Engagement
• Cybersecurity
• Ethical Behavior
• Environmental Protection
• Incident Management
• Access to Funding
• Legal Compliance

Environmental Achievements

• Reduced methane intensity by ~33% year-over-year to 0.8 MT CO2e/MMcfe
• Conducted ~246,000 voluntary emission detection surveys
• Maintained ~98% no-leak rate company-wide on surveyed sites
• Exceeded 75% of 5-year goal for pneumatics conversions
• Retired 404 wells in 2023
• Achieved second year of Gold Standard with the Oil and gas Methane Partnership 2.0 (“OGMP”)

Social Achievements

• Improved annual preventable Motor Vehicle Accident (“MVA”) rate 20%
• Increased Good Catch/Near Miss reporting by ~85%
• Contributed >$1 billion to U.S. GDP through employment and other activities
• Expanded Community outreach efforts
• Awarded 32 university scholarships and hired 18 summer interns
• Distributed ~$2.1 million through community outreach grants and programs
• Expanded employee programs
• Provided unconscious bias training program for all managers

Governance Achievements

• Updated corporate policy statements and added new policies for Tax and Biodiversity
• Published Code of Business Conduct & Ethics for employees
• Completed governance best practice evaluation in preparation for U.S. dual listing and updated accordingly
• Conducted comprehensive Board self-evaluation
• Updated three of four Board Committee charters after thorough evaluation
• Conducted Board training on Task Force for Nature-Related Financial Disclosures (“TNFD”)
• Expanded Board’s gender diversity to >40% female, with 75% of Board Committee chairs as female
• Appointed female Board member to role of Senior Independent Director
• Achieved > 98% employee participation in each quarterly cyber training sessions

Climate Goals & Targets

Environmental Challenges

• 2023 personal safety performance did not meet high standards as it relates specifically to Total Recordable Incident Rate (“TRIR”) which increased year-over-year
• Future real reduction efforts may be offset by potential increases stemming from both recent and forthcoming changes in regulatory reporting requirements

Mitigation Strategies

• Dedicating focused time, attention and manpower to improve TRIR
• Addressing accountability with both field leadership and staff
• Actively testing new, low-emission solutions for our business that will further support our environmental performance and commitments
• Remaining focused on tackling challenges with continued financial investment and focused execution to drive further tangible results

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Master Service Agreement
• Contractor handbook
• Veriforce screening

Climate-Related Risks & Opportunities

Physical Risks

• Extreme rainfall
• Hurricanes
• Water stress
• Heat stress

Transition Risks

• Market changes
• Policy & legal changes
• Technology costs
• Reputational risks

Opportunities

• Resource efficiency
• Renewable energy
• Asset retirement services
• Fuel cells and hydrogen
• CCUS
• Solar
• OGMP Gold Standard Recognition

Reporting Standards

Frameworks Used: GRI, SASB, UN SDGs, TCFD

Certifications: OGMP 2.0 Gold Standard Pathway

Third-party Assurance: ISOS Group, Inc.

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Responsibly produced natural gas

Awards & Recognition

• ESG Report of the Year (2022 Report)
• OGMP 2.0 Gold Standard Pathway (2 consecutive years)
• MSCI ESG Leadership Status (AA rating)
• 2022 Virginia Energy Industry Innovation Award