Gibson Energy Inc. · TSX:GEI
Gibson Energy — ESG Presentation (December 2023)
34 slides from Gibson Energy's sustainability presentation, December 2023
Slide 1: Sustainability ESG Q4 2023
SUSTAINABILITY ESG Q4 2023 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$3.3B GIBSON ENERGY ESG DISCUSSION TSX Listed Market Cap(1) KEY INFO ~7.6% C$6.0B Dividend Yield(1) Enterprise Value(1) 1 in 4 ~85% WCSB Barrels Through of 2022 PF Infrastructure Segment Profit (2) STRONG GEI T
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 belief that actions matter and to hold ourselves accountable, we have ambitious ESG t
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
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- GIBSON ENERGY ESG DISCUSSION MSCI Rating 2022 CDP Score AAA AAA is best Grade; MSCI AA A ACHIEVED 89% Target of Racial, Ethnic Minority and Employee P
Slide 9: GHG Emissions (2021)
GHG Emissions (2021) OUR SUSTAINABILITY PERFORMANCE GLOBAL GHG 52,800 EMISSIONS ANNUALLY (1) Mt CO 2 e (~11.8 billion cars*) GIBSON ENERGY ESG DISCUSSION 670 Mt CO 2 e (~149 million cars*) The Canadian energy sector CANADIAN GHG is regulated by some of the EMISSIONS IN 2020 (2) 1.3% of Global GHG Em
Slide 10: GHG Emissions Intensity vs. Peers
GHG Emissions OUR SUSTAINABILITY PERFORMANCE 2022 Emissions Intensity(1): Scope 1 & 2 / Revenue (Total Scope 1 and 2 emissions in tonnes of CO2e / Revenue in CAD; Gibson vs. Peers) GIBSON ENERGY ESG DISCUSSION 0.0016 Given the nature of our operations, Gibson already has the lowest emissions intensi
Slide 11: Our Sustainability Performance
OUR SUSTAINABILITY PERFORMANCE Gibson will continue to build upon its recognized efforts and alignment to global ESG goals GIBSON ENERGY ESG DISCUSSION Transparency. Environmental Stewardship. Community. Indigenous Reconciliation. Energy Transition. Innovation. Modernization. Diverse and Inclusive W
Slide 12: Canadian Energy Industry Embracing Importance of Climate Action
CANADIAN ENERGY INDUSTRY EMBRACING IMPORTANCE OF CLIMATE ACTION ▪ 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 is the Global ▪ Of the largest ten oil producing countries, Canada r
Slide 13: ESG & Sustainability Targets: Environment
OUR ESG & SUSTAINABILITY TARGETS ENVIRONMENT OVERALL GHG INTENSITY STORAGE & HANDLING GHG INTENSITY 2025 Reduce our aggregate greenhouse gas intensity by 60% GIBSON ENERGY ESG DISCUSSION 2025 Reduce our company-wide greenhouse gas intensity by 15% 2030 Reduce our company-wide greenhouse gas intensit
Slide 14: Environment: Our Operations
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE ENVIRONMENT Our Operations GIBSON ENERGY ESG DISCUSSION 01 TRANSPARENCY Committed to third-party quantification and verification of our emissions, and reporting these figures in our annual sustainability report and CDP disclosu
Slide 15: Innovation Influencing Our Operations
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE INNOVATION INFLUENCING OUR OPERATIONS Annual Emissions Displaced by the DRU vs. Current Egress Methods GIBSON ENERGY ESG DISCUSSION (Tonnes of CO2e/year) 132k tCO2e The DRU is a safer and 87k tCO2e lower-emissions solution 57k
Slide 16: Innovation Influencing Our Operations
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE INNOVATION INFLUENCING OUR OPERATIONS ▪ In Q2 2022, the Biofuels Blending Project at our Edmonton Continue to identify and pursue opportunities GIBSON ENERGY ESG DISCUSSION Terminal went into service to participate in the energ
Slide 17: Pathway to Net Zero: Scope 1 Solutions
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY 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 our Moose Jaw and DRU facilities for steam and process heat GIBSON ENERGY ESG DISCUSSION M
Slide 18: Pathway to Net Zero: Scope 2 Solutions
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE PATHWAY TO NET ZERO SCOPE 2 SOLUTIONS Solutions to achieve Scope 2 targets will be primarily focused on switching to lower-emission energy sources GIBSON ENERGY ESG DISCUSSION Innovation Power Purchase Agreements (PPAs) for ren
Slide 19: 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
D E LDI EV LE IRVI ENRGI NE GN EERNGE YR G Y WOW RKOI NR GKING O POEPREARTAI TN IGN G W IWT IHT H R E SRPEOS NP SOINB SL IYB L Y TOGETHER E XECXECL EL LE LNECNEC E TOGETHER SOCIAL Our Operations GIBSON ENERGY ESG DISCUSSION 01 COMMITTED Gibson gives back to the community regardless of our overall fi
Slide 21: Priority on Health and Safety
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE PRIORITY ON HEALTH AND SAFETY Total Recordable / Lost Time Injury Frequency GIBSON ENERGY ESG DISCUSSION Our focus on health and (TRIF: Total Recordable Injuries per 200,000 employee-hours) (LTIF: Lost Time Injuries per 200,000
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 ▪ Track representation of underrepresented groups including of underrepresented groups in the workforce and
Slide 23: Community Investment & Engagement
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE COMMUNITY INVESTMENT & ENGAGEMENT GIBSON ENERGY ESG DISCUSSION ▪ Employees are encouraged to give back to their community through our employee-driven Gibson GIVES program. Gibson GIVES supports their kindness, whether it be thr
Slide 24: ESG & Sustainability Targets: Governance
OUR ESG & SUSTAINABILITY TARGETS GOVERNANCE GIBSON ENERGY ESG DISCUSSION WOMEN REPRESENTATION RACIAL & ETHNIC MINORITY REPRESENTATION Gibson aspires to have gender parity on our Board of Directors. 2025 Have and maintain a board composition that includes at least 2025 Have and maintain a board compo
Slide 25: Governance: Our Operations
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE GOVERNANCE Our Operations GIBSON ENERGY ESG DISCUSSION 01 OVERSIGHT Gibson currently has 45% women on the Board of Directors. In 2021, we updated our Diversity & Policy to apply to all levels of the organization and embed our D
Slide 26: Governance: Board Oversight and Accountability
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE GOVERNANCE ▪ Recognizing the importance of Board oversight of sustainability, GIBSON ENERGY ESG DISCUSSION established a dedicated Sustainability and ESG Committee Board Governance ▪ Chaired by Judy Cotte, a recognized expert v
Slide 27: Independent Board and a Strong Share Ownership Culture
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE Independent Board and a strong share ownership culture Director Independence GIBSON ENERGY ESG DISCUSSION 10 OF 11 DIRECTORS ARE INDEPENDENT ▪ Separate Board Chair and CEO roles ▪ All Committees comprised of CEO IS THE ONLY sol
Slide 28: Cybersecurity
DELIVERING ENERGY WORKING OPERATING WITH RESPONSIBLY TOGETHER EXCELLENCE CYBERSECURITY GIBSON ENERGY ESG DISCUSSION 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 ▪ We h
Slide 29: Key Takeaways
KEY TAKEAWAYS ESG Strategy to Date Go Forward Deliverables Formulated an ESG Strategy to Complement ▪ Continue reporting on progress towards our 2025 and 2030 ESG GIBSON ENERGY ESG DISCUSSION targets, including targets tied to our Sustainability-Linked Loan the Existing Corporate Strategy ▪ Continue
Slide 30: Contact Information
CONTACT INFORMATION GIBSON ENERGY ESG DISCUSSION Sean Wilson Beth Pollock SVP & Chief Administrative Vice President, Capital Markets & and Sustainability Officer Risk (403) 206-4132 (403) 992-6478 Sean.Wilson@gibsonenergy.com Beth.Pollock@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
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 www.sedarplus.ca Supplementary Information GIBSON ENERGY ESG DISCUSSION ▪ Investor Presentation ▪ 2023 CDP Climate Change Submission ▪ Annual Informatio