Origin Energy Ltd

Origin reviews its industry association memberships annually and will only maintain memberships that are consistent with the company's principles for industry association membership outlined in this document. The annual review also considers each industry association's culture of compliance with competition laws.

Any new industry association membership must consider the public policy positions of the association, including relating to climate change, and alignment with Origin's position. Any new industry association membership, suspension or exit must be approved by the Executive General Manager Corporate Affairs and must be reported to the CEO and the Board.

This review is submitted to the Origin Board and published on the company's website.

We review our industry association memberships for policy alignment, as well as cost and benefits, annually. In FY2023, our review found we were aligned on climate change positions, including strong commitments to the Paris Agreement and net zero emissions by 2050. [...] Regular dialogue is maintained with representatives from both state and federal governments and ministerial departments, including with our Chairman, CEO, senior executives and members of Origin's Corporate Affairs team. [...] The Origin Board endorsed our principles for a just energy transition and the Board Safety and Sustainability Committee maintains oversight of our activities and how we operationalise these principles. [...] Our Just Transition Working Group (JTWG) is responsible for identifying opportunities to embed the principles across the business and putting in place governance processes to support the business to operationalise the principles. The JTWG is sponsored by the Executive General Manager, Corporate Affairs, and includes representatives from across Origin. The JTWG reports periodically to Origin's Climate Change Forum, which is chaired by the Chief Executive Officer, and the Board Safety and Sustainability Committee.

### Industry associations

We annually review our industry association memberships and their respective positions on climate change and climate-related policies. [...] Our Industry Association Review (PDF 745 kB)

Origin continues to work constructively with governments and industry associations to advocate for a sound climate change policy that is consistent with the goals of the Paris Agreement. **Government policy engagement** We engage with the Commonwealth, state and territory governments to progress co-ordinated carbon emissions policies and targets for the electricity sector and other parts of the economy. This provides the market with the confidence it needs to make the necessary investments to facilitate the transition to net zero emissions by 2050. We believe that gas use in the Australian economy will decline over time, but that gas has an important role to play in keeping the electricity system reliable and secure as variable renewable energy grows to dominate the power system. We advocate for policy that supports the responsible development of Australia's gas resources. We also make submissions on policy matters directly and through industry associations and attend conferences and events to understand policy direction and advocate for Origin's policy positions. During the year, we advocated for energy policy that supports private investment and a least-cost approach, and the need for governments and industry to support those less able to afford increasing energy prices. **Industry associations** We review our industry association memberships annually to assess policy alignment on climate change, as well as cost and benefits. See [our Industry Association Review 2024 for](http://www.originenergy.com.au/wp-content/uploads/174/Industry-Association-Review-2024.pdf) more information.

### 3 Governance of industry association memberships

###### Origin reviews its industry association memberships annually and will only maintain memberships that are consistent with the company's principles for industry association membership outlined in this document. The annual review also considers each industry association's culture of compliance with competition laws.

Any new industry association membership must consider the public policy positions of the association, including relating to climate change, and alignment with Origin's position. Any new industry association membership, suspension or exit must be approved by the Executive General Manager Corporate Affairs and must be reported to the CEO and the Board.

This review is submitted to the Origin Board and published on the company's website.

###### Principles for industry association membership

1. All industry associations relating to the
energy or resources industries should have
a public position that supports the goals
of the Paris Agreement and the ambition
of net zero by 2050, even if there are
differing views amongst members. Where
Origin has membership, we will actively
seek to influence industry associations
to have a public position that supports
the goals of the Paris Agreement and the
ambition of net zero by 2050.

2. Origin will advocate for any industry
association it is a member of to conduct
its climate change lobbying in support of
the goals of the Paris Agreement.

3. Origin acknowledges that some industry
associations of which it is a member may
have other members who are heavily
invested in resources, including coal,
and these members may have differing
views on climate change. Origin believes
it is better to remain a member and seek
to influence member views from within,
rather than exit and no longer have a voice.

4. Origin will exit any industry association
that has a formal policy of climate change
denial or actively and consistently
promotes anti climate change messages
or lobbies against the goals of the
Paris Agreement.

###### Climate policy engagement

Origin works constructively with governments and
industry associations to advocate for sound climate
change policy that contributes to the goals of the
Paris Agreement.

###### Government policy engagement

We continue to advocate for climate change action,
including the progressive decarbonisation of the
energy sector and policy settings to enable this.

We work constructively with the federal and state
governments to progress co-ordinated carbon
emissions policy and targets for the electricity sector
and other parts of the economy. Regular dialogue
and meetings are held with representatives from
both state and federal governments, and ministerial
departments, including our Chairman, CEO, senior
executives and members of Origin's Corporate
Affairs team. We also make submissions on policy
matters and attend key conferences to understand
policy direction and ensure the Company's views
are understood.

We support integrated energy and climate change
policy, set at a national level, including short- and
long-term emissions reduction targets and policy
mechanisms to achieve those targets. We support
an emissions intensity scheme for the electricity
sector that will facilitate an orderly transition to a
low-carbon system without placing undue pressure
on affordability. We also advocate for policy that
supports the responsible development of Australia's
gas resources, consistent with the goals of the
Paris Agreement.

The Australian government has committed to net
zero emissions across the economy by 2050. There
is bipartisan support for net zero emissions by 2050
at a federal level, and support from all eight state
and territory governments on climate change action
and targets.

All state and territory governments also have strong
2030 targets to reduce emissions. These are backed
up by a suite of policies, including to increase the
sources of renewable energy; expansion of the
electricity grid; customer support for solar and
storage; and support for the uptake of EVs and the
development of a green hydrogen industry. These
supportive government policies provide confidence
to the market to make the necessary investments to
facilitate the transition to net zero emissions by 2050.

###### Industry associations

We use our memberships of industry associations to
understand the views of other industry participants,
and to share and advocate our views on relevant
policy. We list our industry associations on
[our website.](https://www.originenergy.com.au/about/investors-media/governance/industry_association_memberships/)

5. Origin will exit any industry association
that consistently promotes or denigrates
a specific political party or attempts to
direct members, votes to or away from a
specific political party in any local, state
or federal election.

6. As industry association meetings involve
representatives from competitors, Origin
maintains strict protocols around any
communication with competitors at
these meetings. All Origin representatives
attending industry association meetings
are required to comply with all relevant
competition laws.

Origin reviews its industry association
memberships annually and will only maintain
memberships that are consistent with the
Company's principles for industry association
membership outlined in this document. The
annual review also considers each industry
association's culture of compliance with
competition laws. We publish our annual
[review on our website.](https://www.originenergy.com.au/wp-content/uploads/Industry-Association-Review.pdf)

Origin does not make direct political
donations, but we do pay to attend a
small number of political events to ensure
our views are represented. All political
payments are reported to the Australian
Electoral Commission and included on the
Origin website.

- [Industry Association Review](https://www.originenergy.com.au/wp-content/uploads/Industry-Association-Review.pdf) Reviews our industry association memberships and their respective positions on climate change and climate-related policies. [...] Origin works constructively with governments and industry associations to advocate for a sound climate change policy that is consistent with the goals of the Paris Agreement. During FY2022 we advocated for energy policy that supports private investment as we transition to net zero emissions by 2050. This includes backing of the NEM 2025 reforms, gas policy that supports the transition here and overseas, and climate change policy that supports growth in renewables, EVs, and hydrogen. We review our industry association memberships for policy alignment, and cost and benefits annually. In FY2022, our review found we were aligned on climate change positions, including strong commitments to the Paris Agreement and net zero emissions by 2050. The Australian Energy Council and the Business Council of Australia have also strengthened their interim climate change targets, which are now more ambitious than both major federal political parties. [For more information, see our Industry](https://www.originenergy.com.au/wp-content/uploads/Industry-Association-Review.pdf) [Association Review.](https://www.originenergy.com.au/wp-content/uploads/Industry-Association-Review.pdf)

While Origin regularly engages with policymakers across all levels of government to put forward well-informed policy positions, we have adopted a broader approach to our advocacy activities. We continue to support the policy debate by participating in public forums, think tanks and research. We also provide advice and support industry associations, and use a variety of channels to inform the general public of the importance of sound policy. [...] As part of our advocacy work we also attend a small number of political party functions. The value of the contributions we make to attend these functions is reported annually to the Australian Electoral Commission in line with their disclosure requirements. Our Anti-bribery and Corruption Directive governs the political functions we attend.

**Disclosures**

- overseeing the strategy, preparation, and verification of the Company's public disclosures on safety

and sustainability matters, and recommending them to the Board for approval where appropriate; and

- overseeing the Company's approach to public policy advocacy on matters that are within the scope

of the Committee's responsibility.

**Composition**

The Committee is comprised of the Chief Executive Officer and non-executive Directors, with no fewer
than three members, appointed by the Board.

The Board considers it appropriate that the Chief Executive Officer be a member of the Committee given
the direct impact the deliberations of the Committee can have on the day-to-day operations of the
Company, as well as the Chief Executive Officer's role as the executive accountable for climate change
within the Company.

The majority of the Committee, including its Chair, are independent.

The Committee should be of sufficient size and independence, and its members between them should
have the necessary skills and knowledge of safety and sustainability related matters and a sufficient
understanding of the industry in which the Company operates, to be able to discharge the Committee's
role effectively.

Origin reviews its industry association memberships annually and will only maintain memberships that are consistent with the company's principles for engagement with industry association membership outlined in this document. The annual review also considers each industry association's culture of compliance with competition laws. Any new industry association membership must consider the public policy positions of the association, including relating to climate change, and alignment with Origin's position.

Any new industry association membership, suspension or exit of membership must be approved by the Executive General Manager Corporate Affairs and must be reported to the CEO and the Board.

This review is submitted to the Origin Board and published on the company's website.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Origin's engagement with governments and policy makers directly and through trade associations is tightly managed through the Government Engagement and Policy and Regulatory teams. We have a clear, documented policy on engagement with government and membership of industry associations that is widely communicated and included as part of our organisation wide annual Code of Conduct training.