Lundin Energy : Our sustainability approach

Lundin Energy

Our Sustainability

Approach

December 2021

WF12741 05.21

Lundin Energy

Our Sustainability Journey

Decision

First

Joined

Preparation

to Electrify

Proprietary natural

Johan Sverdrup

Code

Climate Change

UN Global

of Electrification

carbon capture

of Conduct

Statement

Compact

of Edvard Grieg

Decarbonisation

projects

Strategy

2001

2005

2010

2015

2021

HSE	First	Endorsed	First GRI	Decision	First	First
Management	Response	UN Guiding	Sustainability	to Fully Electrify	Renewables	certified
System	to CDP	Principles	Report	Edvard Grieg	Investments	carbon
		on Business				neutrally
		& Human Rights			produced oil

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Our Sustainability Approach - December 2021

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Lundin Energy

Sustainability Approach: 5 Core Themes

p02 09.21

Decarbonise operations and achieve carbon neutrality by 2023

Provide a safe working environment for employees and contractors through a strong H&S culture

Enablers

Climate

Change

Safe

Operations

Environmental	Protect ecosystems, minimize
impacts on water and from waste,
Protection
and ensure responsible decommissioning
VISION
To develop oil
and gas resources
efficiently and responsibly
for a sustainable and
lower carbon
energy future				Promote a diverse and engaged
People
			workforce, respect human rights,
and Society
		and positively impact society

Governance	Maintain strong governance,
and Ethics	ethical conduct and transparency

WF12741

Sustainability Policies | R&D | Industry Collaboration | Contractor Declaration | Training & Development | Risk Management | Stakeholder Engagement

Our Sustainability Approach - December 2021

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Lundin Energy

Sustainability Approach: Goals and Targets

Carbon neutral operations by 2023

50% absolute emissions reduction target by 2023

Best-in-class carbon intensity of	Climate
~1 kg CO2/boe by 2023	Change

100% of net electricity usage matched by renewable power generation by

Oily water discharges <15 ppm

Produced water reinjection rate > 95%

Environmental		Waste recovery >90%
Protection		Zero spills to sea

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end 2023

Zero fatalities
Zero serious incidents	Safe
Zero lost time incidents
Operations
Zero process safety incidents

Promote our Code of Conduct though our value chain

Uphold highest anti-corruption standards

Promote fair competition

Maintain clear whistleblowing procedure

VISION

To develop oil

and gas resources efficiently and responsibly for a sustainable and lower carbon

energy future

People

and Society

Governance

and Ethics

Increase gender balance and diversity

Maintain robust labour practices and promote human rights

Create positive societal impact through Lundin Foundation and engaging with local communities

Our Sustainability Approach - December 2021

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Lundin Energy

Achieving Top Quartile ESG Ratings

ESG Ratings 2020

Top 3	Top 5%	Ranked 5th
Industry Leader	in the Industry	on Environment

									A-
Prime Status	AA Leader
	2°C Aligned
	ESG Indices 2020

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Our Sustainability Approach - December 2021

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