Gibson Energy Inc

Gibson's Board recognizes the vital importance of managing ESG and biodiversity-related issues in our long-term strategy. The SESG Committee is responsible for reviewing the status and effectiveness of our sustainability/ESG performance, metrics and goals, including processes to ensure compliance with all internal policies and applicable laws and regulations, with a focus on providing a desirable outcome for all stakeholders including investors, customers, employees, suppliers and the community. The SESG Committee assists Gibson's Board in fulfilling its mandate on sustainability/ESG issues, including biodiversity, by reporting to the Board on management's progress. The SESG Committee is also responsible for reviewing emerging risks and opportunities associated with sustainability/ESG issues relevant to Gibson that may have the potential to impact our reputation and business performance. The SESG Committee provides oversight on how we are responding to ESG and biodiversity-related risks and opportunities. At the executive management level, Gibson's C-Suite Sustainability Committee is comprised of our executives who meet monthly to monitor emerging sustainability and ESG risks and opportunities relative to our sector and business. Our President & CEO is responsible for overseeing environmental issues and effectively managing potential environmental impacts on our business. Our SVP & CAO is the lead on ESG and environmental matters and is responsible for overseeing the governance of environmental matters; overseeing the development of ESG targets and initiatives in collaboration with our SVP O&E; supporting the deployment of Gibson's biodiversity strategy and any resources needed to implement it; leading Gibson's Environment & Regulatory team; engaging on environmental topics with stakeholders including government and investors; and reporting on environmental performance. The SVP O&E is responsible for overseeing the integration of environmental and biodiversity-related matters within our OMS through our Environmental Management element. The SVP O&E works closely with the SVP & CAO and reports to the CEO on these matters.

The Corporate Governance, Compensation and Nomination Committee (the "CGCN Committee") monitors director relationships and ensures that our directors have the time required to fulfill their duties and responsibilities and that each director has a full understanding of their role and expectations. The CGCN Committee also monitors relationships between directors and business associations to ensure that the director's performance is not impacted. For more information, please see "Conflicts of Interest and Related Party Transactions". [...] The Board has approved a Related Party Transactions Policy. This policy, overseen by the CGCN Committee, recognizes that certain transactions present a heightened risk of conflicts of interest, or the perception of such, and therefore require distinct review. Prior to entering into a transaction that could be a related party transaction, a director, nominee director or executive officer must notify Gibson's General Counsel of the facts and circumstances of the proposed transaction. The General Counsel will then undertake an evaluation of the transaction to determine if it is a related party transaction and if that evaluation indicates that it is, the General Counsel will then report the transaction to the CGCN Committee which is responsible for its review. The Committee shall review all of the relevant facts and circumstances and either approve or disapprove of the entry into the related party transaction. If the CGCN Committee does not approve the related party transaction, such director, nominee director or executive officer is prohibited from entering into the transaction.

Although Gibson conducts minimal lobbying and policy advocacy, we are committed to ensure our engagement activities are aligned with our climate-related goals and the Paris Agreement ambitions.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Gibson has several processes implemented to ensure our direct activities with government that influence policy are consistent with our overarching climate strategy, including our Net Zero by 2050 commitment as well as our interim 2025 and 2030 targets. The risks associated with climate policy are monitored by several groups and are escalated to Gibson's management team through our ERM process as required. We do this to ensure our management team and Board have visibility on the broader climate policy environment and are aware of any material risks that have been identified. We also leverage our climate scenario analysis work and our climate signposts to monitor the and assess the impact to the business of the IEA scenarios, specifically carbon pricing and carbon policy developments.

Our Sustainability Supervisor and Director of Supply Chain Management, ESG and Stakeholder Relations are responsible for maintaining consistency with our climate strategy and conducting any direct and indirect engagement with government and policy. Gibson maintains consistency with its climate strategy in any engagement by leveraging the internal expertise of various business units, including but not limited to, environment and regulatory, tax, legal and commercial. These teams are also engaged and responsible for supporting Gibson's climate scenario work and additional external disclosure, so information sharing is cross-functionally integrated and all business units are aware of the Company's overall approach. We engage a third-party government relations team to monitor relevant regulation changes and help ensure we are consistent in our approach and messaging.

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?[…]Gibson has several processes to ensure our direct activities that influence policy are consistent with our overarching climate strategy, including our Net Zero by 2050 commitment as well as our 2025 and 2030 targets. The risks associated with climate policy are monitored by several groups and are escalated to Gibson's management team through our ERM process as required. We do this to ensure our management team and Board have visibility on the broader climate policy environment and are aware of any material risks that have been identified. We also leverage our climate scenario analysis work and our climate signposts to monitor the and assess the impact to the business of the IEA scenarios, specifically carbon pricing and carbon policy developments.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years