Enbridge Inc.

Climate Impact & Sustainability Data (2018-2020)

Increased racial and ethnic diversity in the workforce from 15% in 2017 to 19% in 2019
Increased women's representation on the Board of Directors from 31% in 2018 to 38% in 2019

Established enhanced representation goals for women and racial and ethnic groups on the Board by 2025
High sustainability performance against peers on key ESG issues, ranked 1st out of 60 companies in the Multi-Utilities sector as of 03.30.2021 (ISS ESG Corporate Rating)

Long-term Goals:

Medium-term Goals:

Reduce GHG emissions intensity (Scope 1 & 2) by 35% by 2030 compared to the 2018 baseline

Short-term Goals:

Achieve 28% representation of Racial and Ethnic Diversity in the workforce by 2025
Achieve 40% representation of women on the Board of Directors by 2025

Scope 3 emissions representing the majority of the company's GHG emissions are not included in the KPI 1 target.
Limited information available for comparison against past performance for KPI 1.
Limited information available for comparison against issuer's sectorial peer group for KPI 2.
Risks to maintaining consistent women's representation on the Board of Directors due to the limited number of board members and potential retirements/departures.

Enbridge is working on a roadmap to reduce Scope 3 emissions and has implemented several projects (Green Hydrogen, Renewable Natural Gas, CNG buses).
Enbridge calibrated SPT 2 based on an assessment of internal diversity representation and compared this data with external labor market availability studies and demographic projections.
Enbridge's Governance Committee is responsible for developing a Board composition plan, including a process for identifying and considering potential director candidates and recommending the nomination of directors to the Board and Board committees.

Frameworks Used: Greenhouse Gas Protocol, ICMA Sustainability-Linked Bond Principles

Third-party Assurance: Company’s external auditor (limited assurance)