Novatek PJSC

In 2021, the Board of Directors significantly stepped up its focus on topics related to various aspects of sustainability, including climate change and corporate governance. For example, the Board decided to set up a Subcommittee on Climate and Alternative Energy within the Strategy Committee of NOVATEK's Board of Directors. The Subcommittee is made up of independent directors with a recognized track record in the low-carbon transition. The Board also approved the Company's Human Rights Policy and a Risk Map addressing ethical, corruption, and sustainability non-compliance risks. An independent external performance evaluation of the Board of Directors was also conducted in 2021 in line with the recommendations of the Corporate Governance Code. [...] Given the increased sustainability risks and emerging new opportunities, the Board committees have increased focus on these matters. The Strategy Committee and the newly-created Subcommittee on Climate and Alternative Energy have been prioritizing climate issues. We also monitored progress toward our climate and environmental goals, approved NOVATEK's guidelines and criteria for selecting renewable and alternative energy projects, and reviewed the implementation status of our decarbonization initiatives, including projects across carbon capture and storage, hydrogen and renewable energy. [...] Tasks set by the Board of Directors are implemented by the Management Board. Various sustainability aspects are overseen by respective deputies of the Chairman of the Management Board. A dedicated unit coordinates sustainability matters, including information disclosure and stakeholder engagement on sustainability.

The Board of Directors were called upon to meet unprecedented challenges throughout 2022 and, accordingly, paid particular attention to mitigating risk measures to ensure that the Company delivers on its corporate strategy. The Board's Audit Committee reviewed an updated risk map that included new risks associated with external constraints to increase our financial and operational flexibility and ensure the new risks are adequately addressed. [...] In 2022, the Board of Directors and its committees focused on the most critical strategic matters, including delivering on prospective projects, developing our resource base, and other various aspects related to sustainability and corporate governance. [...] The Board focused on the quality and adequacy of sustainability disclosures by directly engaging in robust discussions on determining the material topics for the Sustainability Report 2022. A new version of the Code of Business Conduct and Ethics was also approved, while a new version of the Occupational Health, Industrial and Fire Safety, and Environmental Policy for the Group was reviewed and approved in early 2023. [...] Two workshops were conducted for Board members in 2022, based on themes on Sustainability in the New Normal and The Current Status of LNG Markets, involving leading industry experts and climate researchers. This was part of our work to implement the recommendations from an external independent performance evaluation of the Board of Directors. The training provided our Company directors and management with expert insights. [...] As one of the largest LNG exporters globally, NOVATEK contributes meaningfully to the global energy transition and helps our customers to smaller carbon footprint. For this reason, the Board of Directors considers it to be of the utmost importance that we continue following the best practices and guidance outlined in the United Nations Global Compact as well as the standards of the International Finance Corporation and other international standards.

In 2021, the Board of Directors significantly stepped up its focus on topics related to various aspects of sustainability, including climate change and corporate governance. For example, the Board decided to set up a Subcommittee on Climate and Alternative Energy within the Strategy Committee of NOVATEK's Board of Directors. The Subcommittee is made up of independent directors with a recognized track record in the low-carbon transition. The Board also approved the Company's Human Rights Policy and a Risk Map addressing ethical, corruption, and sustainability non-compliance risks. An independent external performance evaluation of the Board of Directors was also conducted in 2021 in line with the recommendations of the Corporate Governance Code. [...] Given the increased sustainability risks and emerging new opportunities, the Board committees have increased focus on these matters. The Strategy Committee and the newly-created Subcommittee on Climate and Alternative Energy have been prioritizing climate issues. We also monitored progress toward our climate and environmental goals, approved NOVATEK's guidelines and criteria for selecting renewable and alternative energy projects, and reviewed the implementation status of our decarbonization initiatives, including projects across carbon capture and storage, hydrogen and renewable energy. [...] Tasks set by the Board of Directors are implemented by the Management Board. Various sustainability aspects are overseen by respective deputies of the Chairman of the Management Board. A dedicated unit coordinates sustainability matters, including information disclosure and stakeholder engagement on sustainability.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]• The Remuneration and Nomination Committee of the Board of Directors regularly reviews matters related to environmental compliance and climate and social investments

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes