Gibson Energy Inc. · TSX:GEI
Gibson Energy — ESG Presentation (October 2021)
33 slides from Gibson Energy's sustainability presentation, October 2021
Slide 1: Sustainability & ESG
G IBS ON ENERG Y S U STA I N A B I L I T Y & ES G OCTOBER 2 0 2 1 DEL IV ERIN G EN ERGY WORKIN G OPERATIN G WITH RESPON SIBLY TOGETHER EX C EL L ENCE
Slide 2: Respected Leader in Canadian Energy
Respected Leader in Canadian Energy We play an integral role in the Canadian energy value chain and are committed to embedding Sustainability & ESG in all areas of our business GEI $4.6B G IG BI SB O TSX ENTERPRI SE S O LI STED VALUE (2 ) N NE N E EN RE G TOUCH R YG YE SE G 1 IN 4 BARRELS S GD IDSI
Slide 3: Our Sustainability & ESG Targets
OUR SUSTAINABILITY & ESG TARGETS ENVIRONMENT 2025 TARGET 2030 TARGET OV ERAL L GHG IN TEN SITY Reduce our overall greenhouse gas intensity 15% 20% PROCESSIN G GHG IN TEN SITY TARGET Reduce our aggregate greenhouse gas intensity 30% 40% STORAGE & HAN DL IN G GHG IN TEN SITY TARGET Reduce our aggregat
Slide 4: Our Sustainability & ESG Commitment
OUR SUSTAINABILITY & ESG COMMITMENT “ We must do our part to address current and future global environmental and social challenges. We will continue to further embed and evolve our ESG practices into all our business decisions. To hold ourselves accountable to our stakeholders and community, we are
Slide 5: Our Sustainability Priorities
OUR SUSTAINABILITY PRIORITIES Our tailored priorities are identified by our stakeholders, employees and our business and are most impactful for Gibson to demonstrate continuous improvement. DELIVERING ENERGY WORKING TOGETHER OPERATING WITH RESPONSIBLY We work with our employees, EXCELLENCE GI BS O N
Slide 6: Our Sustainability Journey
OUR SUSTAINABILITY JOURNEY Strong foundation enables impactful and meaningful strides in the future ▪ Focusing near-term efforts on establishing dedicated governance and oversight, improving disclosure and transparency as well as concentrating actions on areas most relevant to both stakeholders and
Slide 7: Our Sustainability Performance
OUR SUSTAINABILITY PERFORMANCE Top ranked ESG performance from third-party providers MSCI ESG Rating(2 ) RECEIVED AAA RATIN G (Ranked by grade; AAA is best) #1 RANKED 40% FROM MSCI, AAA GI BS O N E NE RGY E S G DI S CU S S I ON BOARD AA ESG SCORE IN TOP RAN KED GEN DER A PEER GROUP ( 1 ) IN SECTOR I
Slide 8: Our Sustainability Performance: GHG Emissions
GHG Emissions OUR SUSTAINABILITY PERFORMANCE The GLOBAL 59,100 GHG EMISSIONS Mt CO 2 e Canadian (~13 billion cars*) ANNUALLY (1 ) energy GI BS O N E NE RGY E S G DI S CU S S I ON sector is 730 Mt CO 2 e regulated by (~159 million cars*) some of the CANADIAN highest GHG EMISSIONS IN 2019 (2 ) 1.2% of
Slide 9: Our Sustainability Performance: GHG Emissions
GHG Emissions OUR SUSTAINABILITY PERFORMANCE Given the nature of our operations, Gibson already has the lowest emissions intensity in the sector among core peers 2020 Emissions Intensity(1): Scope 1 & 2 / Revenue GI BS O N E NE RGY E S G DI S CU S S I ON (Total Scope 1 and 2 emissions in tonnes of C
Slide 10: Our Sustainability Performance
OUR SUSTAINABILITY PERFORMANCE Gibson will continue to build-off its recognized efforts and alignment to global ESG goals Transparency . Environmental Footprint Community Engagement . . Intensity . Innovation . Diverse and Inclusive Workforce . GI BS O N E NE RGY E S G DI S CU S S I ON Modernization
Slide 11: Canadian Energy Industry Embracing Importance of Climate Action
CANADIAN ENERGY INDUSTRY EMBRACING IMPORTANCE OF CLIMATE ACTION The Canadian energy industry continues to be a global leader in ESG ▪ Canada is the fourth largest producer and third largest exporter of oil in the world Canada is the Global ▪ ~63% of total Canadian production coming from the oil sand
Slide 12: ESG & Sustainability Targets
OUR ESG & SUSTAINABILITY TARGETS ENVIRONMENT OVERALL GHG INTENSITY STORAGE & HANDLING GHG INTENSITY 2025 Reduce our corporate greenhouse 2025 Reduce our aggregate greenhouse gas GI BS O N E NE RGY E S G DI S CU S S I ON gas intensity by 15% intensity by 60% 2030 Reduce our corporate greenhouse 2030
Slide 13: Environment: Our Operations
DELIVERING ENERGY WORKIN G OPERATIN G WITH R E S P O N S I B LY TOGETHER EX C EL L ENCE ENVIRONMENT Our Operations 01 TRANSPARENCY Committed to third-party GI BS O N E NE RGY E S G DI S CU S S I ON quantification and verification of our emissions, and reporting these figures in our annual sustainabi
Slide 14: Innovation Influencing Our Operations
DELIVERING ENERGY WORKIN G OPERATIN G WITH R E S P O N S I B LY TOGETHER EX C EL L ENCE INNOVATION INFLUENCING OUR OPERATIONS The DRU is a safer and lower-emissions solution than alternative bitumen egress methods to the Texas market, providing an estimated emissions displacement of over 60 ktCO 2e
Slide 15: Innovation Influencing Our Operations
DELIVERING ENERGY WORKIN G OPERATIN G WITH R E S P O N S I B LY TOGETHER EX C EL L ENCE INNOVATION INFLUENCING OUR OPERATIONS Success in reducing Moose Jaw Facility GHG intensity; opportunities for future reductions In 2019, Gibson invested ~$20mm in thermal heat exchanger technology GI BS O N E NE
Slide 16: Pathway to Net Zero: Scope 1 Solutions
DELIVERING ENERGY WORKIN G OPERATIN G WITH R E S P O N S I B LY TOGETHER EX C EL L ENCE PATHWAY TO NET ZERO SCOPE 1 SOLUTIONS Solutions to achieve Scope 1 targets will be primarily focused on reduction of natural gas used at GI BS O N E NE RGY E S G DI S CU S S I ON our Moose Jaw and DRU facilities
Slide 17: Pathway to Net Zero: Scope 2 Solutions
DELIVERING ENERGY WORKIN G OPERATIN G WITH R E S P O N S I B LY TOGETHER EX C EL L ENCE PATHWAY TO NET ZERO SCOPE 2 SOLUTIONS Solutions to achieve Scope 2 targets will be primarily focused on switching to zero GI BS O N E NE RGY E S G DI S CU S S I ON emission energy sources Innovation Power Purchas
Slide 18: ESG & Sustainability Targets: Social
OUR ESG & SUSTAINABILITY TARGETS SOCIAL WOMEN IN THE WORKFORCE RACIAL & ETHNIC MINORITY REPRESENTATIO N 2025 Comprise more than 40% of workforce and 2025 Comprise more than 21% of workforce GI BS O N E NE RGY E S G DI S CU S S I ON more than 33% of vice president and above roles 2025 At least 1 raci
Slide 19: Social: Our Operations
DEL IV ERIN G EN ERGY WORKIN G OPERATIN G WITH RESPON SIBLY TO G E T H E R EX C EL L ENCE SOCIAL Our Operations GI BS O N E NE RGY E S G DI S CU S S I ON 01 COMMITTED Gibson gives back to the community regardless of our overall financial success 02 DIVERSE We expanded our Diversity and Inclusion Cou
Slide 20: Priority on Health and Safety
DEL IV ERIN G EN ERGY WORKIN G OPERATIN G WITH RESPON SIBLY TO G E T H E R EX C EL L ENCE PRIORITY ON HEALTH AND SAFETY Our focus on health, safety and asset integrity is yielding results Total Recordable / Lost Time Injury Frequency GI BS O N E NE RGY E S G DI S CU S S I ON (TRIF: Total Recordable
Slide 21: Attracting, Retaining and Advancing a Diverse Workforce
DEL IV ERIN G EN ERGY WORKIN G OPERATIN G WITH RESPON SIBLY TO G E T H E R EX C EL L ENCE ATTRACTING, RETAINING AND ADVANCING A DIVERSE WORKFORCE ▪ Initial Diversity & Inclusion focus on increasing representation of women in the workforce and leadership GI BS O N E NE RGY E S G DI S CU S S I ON ▪ La
Slide 22: Community Investment & Engagement
DEL IV ERIN G EN ERGY WORKIN G OPERATIN G WITH RESPON SIBLY TO G E T H E R EX C EL L ENCE COMMUNITY INVESTMENT & ENGAGEMENT ▪ Employees are encouraged to give back to their community through our employee -driven Gibson GIVES program. Gibson GIVES supports their kindness, whether it be through donati
Slide 23: ESG & Sustainability Targets: Governance
OUR ESG & SUSTAINABILITY TARGETS GOVERNANCE WOMEN REPRESENTATI ON RACIAL & ETHNIC MINORITY REPRESENTATIO N GI BS O N E NE RGY E S G DI S CU S S I ON Gibson aspires to have gender parity on 2025 Have and maintain a board composition our Board of Directors. that includes one Board member that 2025 Hav
Slide 24: Governance: Our Operations
DEL IV ERIN G EN ERGY WORKIN G OPER ATIN G WITH RESPON SIBLY TOGETHER E XC E L L E N C E GOVERNANCE Our Operations GI BS O N E NE RGY E S G DI S CU S S I ON 01 OVERSIGHT Gibson currently has 40% women on the Board of Directors. In 2021, we updated our Diversity & Policy to apply to all levels of the
Slide 25: Governance
DEL IV ERIN G EN ERGY WORKIN G OPER ATIN G WITH RESPON SIBLY TOGETHER E XC E L L E N C E GOVERNANCE Strong ESG governance in place to drive execution of the sustainability strategy ▪ Recognizing the importance of Board oversight of sustainability, GI BS O N E NE RGY E S G DI S CU S S I ON Board Gove
Slide 26: Independent Board and a Strong Share Ownership Culture
DEL IV ERIN G EN ERGY WORKIN G OPER ATIN G WITH RESPON SIBLY TOGETHER E XC E L L E N C E Independent Board and a strong share ownership culture Director 9 OF 10 DIRECTORS ARE Independence GI BS O N E NE RGY E S G DI S CU S S I ON INDEPENDENT ▪ Separate Board Chair and CEO roles CEO IS THE ONLY ▪ All
Slide 27: Cyber Security
DEL IV ERIN G EN ERGY WORKIN G OPER ATIN G WITH RESPON SIBLY TOGETHER E XC E L L E N C E CYBER SECURITY Cyberattacks are a top risk and as an operator of critical energy infrastructure, we regularly test our ability to detect, prevent, respond to and recover from potential threats GI BS O N E NE RGY
Slide 28: Key Takeaways
KEY TAKEAWAYS ESG Strategy to Date Go Forward Deliverables ▪ Report on progress towards our 2025 and 2030 ESG targets, including targets tied to our Sustainability-Linked Formulated an ESG Strategy to Complement Loan GI BS O N E NE RGY E S G DI S CU S S I ON the Existing Corporate Strategy ▪ Maintai
Slide 29: Contact Information
CONTACT INFORMATION GI BS O N E NE RGY E S G DI S CU S S I ON Sean Wilson Mark Chyc-Cies Chief Administrative Officer Vice President, Strategy, & Sustainability Lead Planning & Investor Relations (403) 206-4132 (403) 776-3146 Sean.Wilson@gibsonenergy.com Mark.Chyc-Cies@gibsonenergy.com 29
Slide 30: Forward-Looking Statement Notice
FORWARD-LOOKING STATEMENT NOTICE The forward-looking statements contained in this ESG Discussion represent Gibson’s expectations as of the date hereof, and are subject to change after such date. Gibson disclaims any intention or obligation to update or revise any forward-looking statements whether a
Slide 31: Assumptions and Other Information Notice
DRU EMISSIONS DISPLACEMENT DATA ASSUMPTIONS AND OTHER INFORMATION NOTICE Data, assumptions and other informa tion use d to determine the estimated annual CO2e emissions displaced by de livering via alternative egress s olutions an equivalent amount of bitumen de rived from 50,000 bbl/day of DilBit s
Slide 32: Appendix
GI BS O N E NE RGY E S G DI S CU S S I ON APPENDIX DEL IV ERIN G EN ERGY WORKIN G OPERATIN G WITH RESPON SIBLY TOGETHER EX C EL L ENCE
Slide 33: Transparent Reporting
TRANSPARENT REPORTING Gibson is committed to transparent and timely communications. For additional information please visit www.gibsonenergy.com or sedar.com. GI BS O N E NE RGY E S G DI S CU S S I ON Supplementary Information ▪ Investor Presentation ▪ 2021 CDP Climate Change Submission ▪ 2019 Susta