Slide 1: Sustainability ESG
SUSTAINABILITY ESG October 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 ~6.0% C$5.2B 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 Collaboration + Connectivity is Paramount to our Success “ At Gibson, our commitment to ESG leadership has been embedded in our culture and how we operate our business. It is our intention to energize collaboration and connectivity for a better tomorrow — a better
Slide 5: Our Sustainability Priorities
OUR SUSTAINABILITY PRIORITIES GIBSON ENERGY ESG DISCUSSION Energizing Collaboration Connectivity for a Better Tomorrow Our purpose, which will be highlighted throughout this presentation, underpins our commitment to sustainability and ESG and to retaining our position as a responsible leader in the
Slide 6: Our Sustainability Priorities
OUR SUSTAINABILITY PRIORITIES GIBSON ENERGY ESG DISCUSSION 6
Slide 7: Our Sustainability Journey
OUR SUSTAINABILITY JOURNEY Strong foundation enables impactful and meaningful strides in the future ▪ At Gibson, we acknowledge our role and responsibility for shaping a better tomorrow. We are committed to operating sustainably and to integrating ESG considerations deeper across our organization. ▪
Slide 8: 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 AAA AAA is best GIBSON ENERGY ESG DISCUSSION Grade; Bronze Class 96% MSCI A A S&P Global 2022 Employee Participation Sustain
Slide 9: GHG Emissions: Our Sustainability Performance
GHG Emissions OUR SUSTAINABILITY PERFORMANCE The GLOBAL 58,100 GHG EMISSIONS Mt CO 2 e Canadian (~12.6 billion cars*) ANNUALLY (1) energy GIBSON ENERGY ESG DISCUSSION sector is 672 Mt CO 2 e regulated by (~146 million cars*) some of the CANADIAN highest GHG EMISSIONS IN 2020 (2) 1.3% of Global stand
Slide 10: GHG Emissions: Lowest Emissions Intensity 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 11: 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 12: 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 13: Our ESG & Sustainability Targets: Environment
OUR ESG & SUSTAINABILITY TARGETS ENVIRONMENT OVERALL GHG INTENSITY STORAGE & HANDLING GHG INTENSITY 2025 Reduce our company-wide 2025 Reduce our aggregate greenhouse gas GIBSON ENERGY ESG DISCUSSION greenhouse gas intensity by 15% intensity by 60% 2030 Reduce our company-wide 2030 Reduce our aggrega
Slide 14: 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 15: Innovation Influencing Our Operations: DRU Emissions Displacement
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 16: Innovation Influencing Our Operations: Energy Transition
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 17: 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 18: 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 19: 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 20: 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 focus to include all underreprese
Slide 21: 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 22: 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 proportion of underrepresented groups in the workforce and leadership GIBSON ENERGY ESG DISCUSSION ▪ Launched initiativ
Slide 23: 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 24: 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 at least one Board member that 2025 Have and
Slide 25: 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 40% women on the Board of Directors. In 2021, we updated our Diversity & Policy to apply to all levels of the organization and e
Slide 26: Governance: Strong ESG Governance in Place
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 27: 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 28: 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 prevent, detect, respond to and recover from potential threats GIBSON ENERGY ESG DISCUS
Slide 29: Key Takeaways
KEY TAKEAWAYS ESG Strategy to Date Go Forward Deliverables ▪ Continue reporting on progress towards our 2025 and 2030 ESG targets, including targets tied to our Formulated an ESG Strategy to Complement Sustainability-Linked Loan GIBSON ENERGY ESG DISCUSSION the Existing Corporate Strategy ▪ Continue
Slide 30: Contact Information
CONTACT INFORMATION GIBSON ENERGY ESG DISCUSSION Sean Wilson Mark Chyc-Cies SVP & Chief Administrative and Vice President, Strategy, Sustainability Officer Planning & Investor Relations (403) 206-4132 (403) 776-3146 Sean.Wilson@gibsonenergy.com Mark.Chyc-Cies@gibsonenergy.com 30
Slide 31: 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 32: 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 33: Appendix
GIBSON ENERGY ESG DISCUSSION APPENDIX DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE
Slide 34: 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 ▪ Indigenous Relations Guiding Principles ▪ 2019 Sustainabilit