Gibson Energy Inc. · TSX:GEI
Gibson Energy — ESG Presentation (May 2022)
33 slides from Gibson Energy's sustainability presentation, May 2022
Slide 1: Sustainability & ESG
GIBSON ENERGY S U S TA I N A B I L I T Y & E S G MAY 2022 DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE
Slide 2: Company Snapshot
COMPANY SNAPSHOT Continue to build a leading liquids-focused infrastructure business GEI C$3.6B TSX Listed Market Cap(1) G IGBI SB OS O KEY INFO ~6.1% C$4.8B N NE NE EN RE G Dividend Yield(1) Enterprise Value(1) R YG YE SE GS GD IDSI CS U 1 in 4 >90% WCSB Barrels of Segment Profit STRONG Through GEI
Slide 3: Our Sustainability & ESG Targets
OUR SUSTAINABILITY & ESG TARGETS ENVIRONMENT 2025 TARGET 2030 TARGET OVERALL GHG INTENSI T Y Reduce our overall greenhouse gas intensity 15% 20% PROCESSI NG GHG INTENSI T Y TARGET Reduce our aggregate greenhouse gas intensity 30% 40% STORAGE & HANDLING GHG INTENSI T Y TARGET Reduce our aggregate gre
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 GIBSON EN
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 ESG rankings from third-party providers with continued progress towards targets ESG Ratings Dashboard(1,2) AAA A- MSCI Rating 2021 CDP Score Gibson AAA AAA is best GIBSON ENERGY ESG DISCUSSION Grade; Peer A A Bronze Class 96% MSCI Peer B A S&P Global 2022 Employee
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 GIBSON ENERGY ESG DISCUSSION 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 Global standar
Slide 9: Lowest emissions intensity in the sector among core peers
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 GIBSON ENERGY ESG DISCUSSION (Total Scope 1 and 2 emissions in tonnes of CO2e / Revenue
Slide 10: Our Sustainability Performance
OUR SUSTAINABILITY PERFORMANCE Gibson will continue to build upon its recognized efforts and alignment to global ESG goals Transparency . Environmental Footprint Community Engagement . . Intensity . Innovation . Diverse and Inclusive Workforce . GIBSON ENERGY ESG DISCUSSION Modernization of Operatio
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 ▪ ~63% of total Canadian production coming from the oil sands in 2019 (1) Canada
Slide 12: Our 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 GIBSON ENERGY ESG DISCUSSION gas intensity by 15% intensity by 60% 2030 Reduce our corporate greenhouse 2030 Reduce our ag
Slide 13: Environment: Our Operations
DELIVERING ENERGY WORKING OPERATING WITH R E S P O N S I B LY TOGETHER EXCELLENCE ENVIRONMENT Our Operations 01 TRANSPARENCY Committed to third-party GIBSON ENERGY ESG DISCUSSION quantification and verification of our emissions, and reporting these figures in our annual sustainability report and CDP
Slide 14: Innovation Influencing Our Operations
DELIVERING ENERGY WORKING OPERATING WITH R E S P O N S I B LY TOGETHER EXCELLENCE 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 57 ktCO2e annuall
Slide 15: Innovation Influencing Our Operations
DELIVERING ENERGY WORKING OPERATING WITH R E S P O N S I B LY TOGETHER EXCELLENCE INNOVATION INFLUENCING OUR OPERATIONS Continue to identify and pursue opportunities to participate in the energy transition and expand our renewable products and services GIBSON ENERGY ESG DISCUSSION ▪ In Q2 2022, the
Slide 16: Pathway to Net Zero: Scope 1 Solutions
DELIVERING ENERGY WORKING OPERATING WITH R E S P O N S I B LY TOGETHER EXCELLENCE PATHWAY TO NET ZERO SCOPE 1 SOLUTIONS Solutions to achieve Scope 1 targets will be primarily focused on reduction of natural gas used at GIBSON ENERGY ESG DISCUSSION our Moose Jaw and DRU facilities for steam and proce
Slide 17: Pathway to Net Zero: Scope 2 Solutions
DELIVERING ENERGY WORKING OPERATING WITH R E S P O N S I B LY TOGETHER EXCELLENCE PATHWAY TO NET ZERO SCOPE 2 SOLUTIONS Solutions to achieve Scope 2 targets will be primarily focused on switching to zero GIBSON ENERGY ESG DISCUSSION emission energy sources Innovation Power Purchase Agreements (PPAs)
Slide 18: Our ESG & Sustainability Targets: Social
OUR ESG & SUSTAINABILITY TARGETS SOCIAL WOMEN IN THE WORKFORCE RACIAL & ETHNIC MINORITY REPRESENTATION 2025 Comprise more than 40% of workforce and 2025 Comprise more than 21% of workforce GIBSON ENERGY ESG DISCUSSION more than 33% of vice president and above roles 2025 At least 1 racial and ethnic
Slide 19: Social: Our Operations
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE SOCIAL Our Operations GIBSON ENERGY ESG DISCUSSION 01 COMMITTED Gibson gives back to the community regardless of our overall financial success 02 DIVERSE We expanded our Diversity and Inclusion Council’s focus to include all un
Slide 20: Priority on Health and Safety
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE PRIORITY ON HEALTH AND SAFETY Our focus on health, safety and asset integrity is yielding results Total Recordable / Lost Time Injury Frequency GIBSON ENERGY ESG DISCUSSION (TRIF: Total Recordable Injuries per 200,000 employee-
Slide 21: Attracting, Retaining and Advancing a Diverse Workforce
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE ATTRACTING, RETAINING AND ADVANCING A DIVERSE WORKFORCE ▪ Initial Diversity & Inclusion focus on increasing representation of women in the workforce and leadership GIBSON ENERGY ESG DISCUSSION ▪ Launched initiatives and scholar
Slide 22: Community Investment & Engagement
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE 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 donations or giving time
Slide 23: Our ESG & Sustainability Targets: Governance
OUR ESG & SUSTAINABILITY TARGETS GOVERNANCE WOMEN REPRESENTATION RACIAL & ETHNIC MINORITY REPRESENTATION GIBSON ENERGY ESG DISCUSSION 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 Have and maintain
Slide 24: Governance: Our Operations
DELIVERING ENERGY WORKING O P E R AT I N G W I T H RESPONSIBLY TOGETHER EXCELLENCE GOVERNANCE Our Operations GIBSON ENERGY ESG DISCUSSION 01 OVERSIGHT Gibson currently has 33% women on the Board of Directors. In 2021, we updated our Diversity & Policy to apply to all levels of the organization and e
Slide 25: Strong ESG governance to drive execution of sustainability strategy
DELIVERING ENERGY WORKING O P E R AT I N G W I T H RESPONSIBLY TOGETHER EXCELLENCE GOVERNANCE Strong ESG governance in place to drive execution of the sustainability strategy ▪ Recognizing the importance of Board oversight of sustainability, GIBSON ENERGY ESG DISCUSSION Board Governance established
Slide 26: Independent Board and a strong share ownership culture
DELIVERING ENERGY WORKING O P E R AT I N G W I T H RESPONSIBLY TOGETHER EXCELLENCE Independent Board and a strong share ownership culture Director 8 OF 9 DIRECTORS ARE Independence GIBSON ENERGY ESG DISCUSSION INDEPENDENT ▪ Separate Board Chair and CEO roles CEO IS THE ONLY ▪ All Committees comprise
Slide 27: Cyber Security
DELIVERING ENERGY WORKING O P E R AT I N G W I T H RESPONSIBLY TOGETHER EXCELLENCE 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 GIBSON ENERGY ESG DISCUS
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 GIBSON ENERGY ESG DISCUSSION the Existing Corporate Strategy ▪ Publish a full-lengt
Slide 29: Contact Information
CONTACT INFORMATION GIBSON ENERGY ESG DISCUSSION 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 Definitions Scope 1 emissions are direct emissions from facilities owned and operated by Gibson. Scope 2 emissions are indirect emissions from the generation of purchased energy for Gibson’s owned and operated facilities. Scope 3 emissions are indirect emissions not
Slide 31: DRU Emissions Displacement Data Assumptions and Other Information Notice
DRU EMISSIONS DISPLACEMENT DATA ASSUMPTIONS AND OTHER INFORMATION NOTICE Data, assumptions and other information used to determine the estimated annual CO2e emissions displaced by delivering via alternative egress solutions an equivalent amount of bitumen derived from 50,000 bbl/day of DilBit sent f
Slide 32: Appendix
GIBSON ENERGY ESG DISCUSSION APPENDIX DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE
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. GIBSON ENERGY ESG DISCUSSION Supplementary Information ▪ Investor Presentation ▪ 2021 CDP Climate Change Submission ▪ 2019 Sustainability Rep