Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 (operations and financed) by 2050

Reference Year 2018

Interim Target First Interim: 70% Reduction of Absolute Scope 1, 2, 3; category 6 by 2025

1st Interim Target Ref. Year Data 157,298.00

1st Interim Most Recently Reported Data 92,944.00

1st Interim Target Goal 47,189.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? The Network for Greening the Financial System (NGFS) scenarios; net zero scenario (1.5C); divergent net zero (1.5C); below 2C (1.8C); delayed transition (1.7C); nationally determined contributions (2.5C); IPCC RCP8.5 (4.3C)

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Hydrogen

Acute risks Extreme weather; increased coastal and inland flooding; disruptions to critical infrastructure; mass migration

Chronic risks Longer-term shifts in climate patterns; water stress and prolonged droughts; larger and more intense wildfires; heat waves; mass migration; pests; infectious disease

Policy & legal risks Regulation imposing additional costs on environmental compliance
Increased costs due to climate-related litigation

Technology risks Technological or behavioural changes resulting from the transition to a lower-carbon economy that may disrupt current business practices

Market risks Shifts in supply and demand for certain commodities, products, and services

Reputation risks Increased climate-related expectations from stakeholders and community

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? PWC LLP

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 (operations and financed) by 2050

Reference Year 2019

Interim Target First Interim: 25% Reduction of Absolute Scope 1, 2 by 2025; Second Interim: Reduction of 29% for financed energy and 58% for financed power generation Scope 3 category 15 emissions intensity by 2030

1st Interim Target Ref. Year Data 137,932.00

1st Interim Most Recently Reported Data 103,827.00

1st Interim Target Goal 103,449.00

2nd Interim Target Ref. Year Data Multiple portfolio sector targets

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? Baseline; below 2C; immediate 2C; net zero 1.5C

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Hydrogen

Acute risks Changes in frequency or severity of extreme weather events

Chronic risks Increased severe weather event frequency and severity; sea level rise; increased mean average temperature

Policy & legal risks Regulation imposing additional costs on environmental compliance
Increased costs due to climate-related litigation

Technology risks Technological or behavioural changes resulting from the transition to a lower-carbon economy that may disrupt current business practices

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services

Reputation risks Social risk, reputational damage resulting from social issues such as financing relationships with socially sensitive sectors, human rights issues

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Ernst & Young LLP

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 by 2050

Reference Year 2019

Interim Target First Interim: 43% Reduction of Emissions intensity (tCO2e/mllion GTM) by 2030; Second Interim: 40% Reduction of Emissions intensity Scope 3 category 3 by 2030

1st Interim Target Ref. Year Data 11.61

1st Interim Most Recently Reported Data 10.87

1st Interim Target Goal 6.62

2nd Interim Target Ref. Year Data 3.61

2nd Interim Most Recently Reported Data 3.15

2nd Interim Target Goal 2.17

Does the company use multiple scenarios for scenario analysis planning? IPCC RCP 2.6; IPCC 4.5; IEA SDS; NDCs

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Hydrogen

Acute risks Extreme weather

Chronic risks

Policy & legal risks Regulation imposing additional costs on environmental compliance
Increased costs due to climate-related litigation

Technology risks

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2 by 2050

Reference Year 2018

Interim Target First Interim: 35% Reduction of Scope 1 + 2 emissions intensity (tCO2e/PJ) by 2030

1st Interim Target Ref. Year Data 770.00

1st Interim Most Recently Reported Data 564.00

1st Interim Target Goal 500.50

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? IEA APS—2.1C rise; IEA NZE2050

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? RNG, hydrogen, CCUS

Acute risks Floods and extreme precipitation; hurricanes and tornados; extreme temperature

Chronic risks Increased operating costs due to extended cooling requirements, increased investment requirements in new resilient technology and construction, rising sea levels may adversely impact infrastructure

Policy & legal risks Regulation imposing additional costs on environmental compliance
Increased costs due to climate-related litigation

Technology risks Technological or behavioural changes resulting from the transition to a lower-carbon economy that may disrupt current business practices

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services

Reputation risks Ability to achieve our greenhouse gas emissions reduction goals and meet regulatory requirements and stakeholder expectations.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Yes (unknown)

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2 by 2050

Reference Year 2020

Interim Target First Interim: 66% Reduction of Absolute Scope 1, 2 by 2030

1st Interim Target Ref. Year Data 2,155.00

1st Interim Most Recently Reported Data 2,468.00

1st Interim Target Goal 732.70

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Changes in weather patterns or extreme weather

Chronic risks Increased operating costs due to extended cooling requirements, increased investment requirements in new resilient technology and construction, rising sea levels may adversely impact infrastructure

Policy & legal risks Regulation imposing additional costs on environmental compliance

Technology risks

Market risks Price stability of renewable power market

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 by 2050

Reference Year 2019

Interim Target First Interim: 100% Reduction of Absolute Scope 1, 2, 3 categories excluding 15 by 2025; Second Interim: Reduction of 30% Scope 1 & 2 oil and gas portfolio, 15% Scope 3 oil and gas portfolio, and 55-60% Scope 1 and 2 power and utilities portfolio Scope 3 category 15 emissions intensity by 2030

1st Interim Target Ref. Year Data 134,782.00

1st Interim Most Recently Reported Data 103,937.00

1st Interim Target Goal 0.00

2nd Interim Target Ref. Year Data Multiple portfolio sector targets

2nd Interim Most Recently Reported Data

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? IEA NZE2050; IEA beyond 2C; IEA SDS; Canada's reference pathways = ECCC projects; electricity generation projection

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? CCUS, hydrogen, 2nd generation biofuels

Acute risks Severe weather (e.g., floods, hurricanes, extreme cold, or heat)

Chronic risks

Policy & legal risks Subsidies, taxes, or increased fuel costs

Technology risks

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Morrison Hershfield Limited

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 by 2050

Reference Year 2019

Interim Target First Interim: 27.5% Reduction of Absolute Scope 1, 2 non-locomotive operations by 2030; Second Interim: 38.3% Reduction of Emissions intensity Scope 3 category 15 by 2030

1st Interim Target Ref. Year Data 866,000.00

1st Interim Most Recently Reported Data 884,000.00

1st Interim Target Goal 627,850.00

2nd Interim Target Ref. Year Data 24.55

2nd Interim Most Recently Reported Data 25.17

2nd Interim Target Goal 15.15

Does the company use multiple scenarios for scenario analysis planning? IEA SDS; IEA STEPS; BAU scenario (5-6C)

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Hydrogen fuel cells

Acute risks Intense weather may increase (or decrease in some cases) costs for CP due to delays, disruptions, derailments, and other events.

Chronic risks Increased operating costs due to extended cooling requirements, increased investment requirements in new resilient technology and construction, rising sea levels may adversely impact infrastructure.

Policy & legal risks Carbon pricing: new or additional carbon pricing could lead to increased costs, which may impact the company’s advantage over competitors.
Increased costs due to climate-related litigation

Technology risks

Market risks Decrease in demand for fossil fuels

Reputation risks Ability to achieve our greenhouse gas emissions reduction goals and meet regulatory requirements and stakeholder expectations, risks associated with inability to meet these targets.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Yes (unknown)

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 (operations and financed) by 2050

Reference Year 2019

Interim Target First Interim: 30% Reduction of Absolute Scope 1, 2, 3 categories 5, 6 by 2030; Second Interim: Reduction of 33% reduction in Scope 1 and 2 emissions intensity of the oil and gas portfolio; 24% reduction in absolute Scope 3 emissions in the oil and gas portfolio; 45% reduction in carbon intensity in power generation portfolio Scope 3 category 15 by 2030

1st Interim Target Ref. Year Data 161,766.00

1st Interim Most Recently Reported Data 113,236.20

1st Interim Target Goal 113,236.20

2nd Interim Target Ref. Year Data Multiple portfolio sector targets

2nd Interim Most Recently Reported Data

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? Oil and gas: Disorderly transition, integrated REMIND + 2C scenario; orderly transition (2C); disorderly transition (2C); net zero carbon emissions by 2070 + hothouse world (3C+); IEA's 2021 NZE 2050; GCAM's Net Zero 2050; IPCC net zero aligned scenarios AIM/CGE SSP1-19 & SSP2-19; IPCC net zero aligned scenario MESSAGE-GLOBIOM 1.0 SSP2-19

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? DAC

Acute risks Physical risks from environmental events, such as droughts, floods, wildfires, earthquakes, and hurricanes and other storms could also potentially disrupt our operations

Chronic risks

Policy & legal risks Legal and regulatory risks could arise from our actual or perceived actions, or inaction, and those of clients in relation to climate change and other environmental and social risk issues, or disclosures related to environmental issues

Technology risks

Market risks

Reputation risks Stakeholders look to hold banks responsible for financing clients who are viewed as responsible for negative impacts of climate change.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Morrison Hershfield

Net Zero Commitment Indirectly

Net Zero Target Absolute Scope 1, 2 by 2050

Reference Year 2016

Interim Target First Interim: 50% Reduction of Absolute methane emissions (tCO2e) by 2030

1st Interim Target Ref. Year Data 4.61

1st Interim Most Recently Reported Data 2.55

1st Interim Target Goal 2.31

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? IEA SDS, IEA WEO STEPS; Equinor Energy Perspectives-rivalry; BP Energy Outlook business-as-usual scenario; Equinor Energy Perspectives-reform; Shell Sky scenario; BP Energy Outlook-rapid scenario; Equinor Energy Perspectives-rebalance; BP Energy Outlook-net zero scenario

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? CCUS

Acute risks Unexpected events such as fires or severe storms and other calamitous acts of nature impact the company and that may or may not be financially recoverable.

Chronic risks

Policy & legal risks Regulation imposing additional costs on environmental compliance

Technology risks

Market risks Volatility in the prevailing prices of crude oil and NGLs, natural gas and refined products

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? PWC LLP

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 by 2050

Reference Year 2018

Interim Target First Interim: 50% Reduction of Absolute Scope 1, 2 by 2030; Second Interim: 25% Reduction of Absolute Scope 3 category 3, 6, 7 by 2025

1st Interim Target Ref. Year Data 97,600.00

1st Interim Most Recently Reported Data 70,800.00

1st Interim Target Goal 48,800.00

2nd Interim Target Ref. Year Data 23,000.00

2nd Interim Most Recently Reported Data 2,100.00

2nd Interim Target Goal 17,250.00

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks

Chronic risks

Policy & legal risks

Technology risks

Market risks

Reputation risks Failure to satisfy stakeholders if climate objectives are not met.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes Management Responsibilities

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2 by 2050

Reference Year 2019

Interim Target First Interim: 30% Reduction of Emissions intensity Scope 1, 2 (CO₂ equivalent emissions per unit of energy transported or produced for customers annually) by 2030

1st Interim Target Ref. Year Data Not disclosed

1st Interim Most Recently Reported Data Not disclosed

1st Interim Target Goal Not disclosed

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? IEA STEPS; IEA SDS; accelerated energy transition scenario (unknown third party)

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Hydrogen, CCUS

Acute risks Significant changes in temperature and weather, including the potential impacts of climate change, have effects ranging from the impact on demand, availability and commodity prices, to efficiency and output capability.

Chronic risks

Policy & legal risks Regulation imposing additional costs on environmental compliance
Increased costs due to climate-related litigation

Technology risks Uncertainty around traditional and energy transition technology development and deployment

Market risks Decrease in demand for fossil fuels

Reputation risks Failure to satisfy stakeholders if climate objectives are not met.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Net Zero Commitment Yes

Net Zero Target N/A

Reference Year 2018

Interim Target First Interim: 30% Reduction of Emissions intensity tCO2e per tonne of product produced Scope 1 by 2030; Second Interim: 30% Reduction of Emissions intensity tCO2e per tonne of product produced Scope 2 by 2030

1st Interim Target Ref. Year Data 0.53

1st Interim Most Recently Reported Data 0.52

1st Interim Target Goal 0.37

2nd Interim Target Ref. Year Data 0.14

2nd Interim Most Recently Reported Data 0.13

2nd Interim Target Goal 0.10

Does the company use multiple scenarios for scenario analysis planning? IEA SDS; IEA STEPS; IPCC AR5 RCP 2.6, 4.5, 8.5

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather events can strain upstream or downstream supply chains

Chronic risks Weather can also have an adverse effect on crop yields, which could lower the income of growers and impair their ability to purchase crop nutrients, crop protection, and seed products and services.

Policy & legal risks Current and increasing regulation of greenhouse gases may impact operations by: requiring changes to production processes, increasing raw material, energy, production or transportation costs in order to ensure compliance, additional costs in the form of taxes, emission allowances or other carbon pricing mechanisms, increased input costs and compliance-related costs for agricultural customers, which could result in lower demand for our products and reduced revenues.

Technology risks Demand for new types of seeds or services

Market risks

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Yes (KPMG)

Net Zero Commitment No

Net Zero Target N/A

Reference Year N/A

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? N/A

Acute risks Weather conditions can have an impact on our revenues as historical purchase patterns.

Chronic risks

Policy & legal risks Regulation imposing additional costs on environmental compliance

Technology risks New technologies may result in decreased demand for petroleum-based fuel.

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services, changes in subsidies available

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 (operations and financed) by 2050

Reference Year 2020

Interim Target First Interim: 30% Reduction of Absolute Scope 1, 2 by 2028; Second Interim: Reduction of 35% Scope 1 & 2 and 27% Scope 3 emissions intensity of the oil & gas sector portfolio Scope 3 category 15 by 2028

1st Interim Target Ref. Year Data 57,100.00

1st Interim Most Recently Reported Data 51,271.00

1st Interim Target Goal 39,970.00

2nd Interim Target Ref. Year Data Multiple portfolio sector targets

2nd Interim Most Recently Reported Data

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? Below 2C immediate; below 2C delayed; net zero 2050

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Severe weather events, forest fires, floods

Chronic risks Increased operating costs due to extended cooling requirements, increased investment requirements in new resilient technology and construction, rising sea levels may adversely impact infrastructure.

Policy & legal risks

Technology risks

Market risks Volatility in the prevailing prices of crude oil and NGLs, natural gas and refined products

Reputation risks Changing stakeholder expectations and perceptions related to CIBC’s climate-related actions; failure to meet stakeholder demand of climate-related products and services

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Net Zero Commitment No

Net Zero Target N/A

Reference Year N/A

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? N/A

Is there a heavy reliance on wild card technologies? N/A

Acute risks N/A

Chronic risks N/A

Policy & legal risks N/A
N/A

Technology risks N/A

Market risks N/A

Reputation risks N/A

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 by 2050

Reference Year 2014

Interim Target First Interim: 10Mt Reduction of Absolute Scope 1, 2 by 2030

1st Interim Target Ref. Year Data 20,857,000.00

1st Interim Most Recently Reported Data 21,557,000.00

1st Interim Target Goal 10,857,000.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? Autonomy: technology and policy context closest to limiting global warming to 2C or less vs. pre-industrial levels; rivalry: population growth, urbanization, and growing middle class drive energy demand—diverse supply is required to satisfy demand, with intense competition for market share between energy sources; discord: less on extreme volatility and more on enduring disunity, uncertainty, long-term market weakness, and nationalism.

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? CCUS, hydrogen

Acute risks Seasonal flooding

Chronic risks Prolonged periods of extreme cold could force facilities into extended shutdowns to ensure worker safety and prevent undue stress on equipment. Prolonged periods of extreme heat may lead to production cuts if an adequate supply of cooling water is not available.

Policy & legal risks Regulation imposing additional costs on environmental compliance
Increased costs due to climate-related litigation

Technology risks Limitations related to the development, adoption and success of these technologies or the development of disruptive technologies

Market risks Volatility in the prevailing prices of crude oil and NGLs, natural gas and refined products

Reputation risks Failure to meet requirement to consult with Indigenous peoples in respect of oil and gas projects and related infrastructure

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? EY LLP

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 (excluding category 1) by 2050

Reference Year 2020

Interim Target First Interim: 57.% Reduction of Absolute Scope 1, 2 by 2030; Second Interim: 42% Reduction of Absolute Scope 3 excluding category 1 by 2030

1st Interim Target Ref. Year Data 303,544.00

1st Interim Most Recently Reported Data 275,722.00

1st Interim Target Goal 130,523.92

2nd Interim Target Ref. Year Data 1,947,578.00

2nd Interim Most Recently Reported Data 1,861,651.00

2nd Interim Target Goal 1,129,595.24

Does the company use multiple scenarios for scenario analysis planning? IPCC RCP 4.5; IPCC RCP 8.5; IEA SDS; Bank of Canada NDC; IEA STEPS

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Increased severity and frequency of extreme weather events, increased operating costs, asset impairment, increased insurance premiums

Chronic risks Increased operating costs due to extended cooling requirements, increased investment requirements in new resilient technology and construction, rising sea levels may adversely impact infrastructure.

Policy & legal risks Carbon pricing regulations; increased operational costs due to rising price of energy

Technology risks

Market risks Increased operational costs due to rising price of energy

Reputation risks Decreased demand for our products and services due to not effectively managing or reducing climate-related impacts; increased cost of capital due to degrading climate-related rankings.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? PWC LLP

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2 by 2050

Reference Year 2019

Interim Target First Interim: 35% Reduction of Absolute Scope 1, 2 by 2035

1st Interim Target Ref. Year Data 10,700,000.00

1st Interim Most Recently Reported Data 19,400,000.00

1st Interim Target Goal 6,955,000.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? Reference case; accelerated diversification; aggresive diversification (IEA SDS)

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? CCS

Acute risks Floods, forest fires, earthquakes, hurricanes, typhoons, and other extreme weather or geologic events. Climate change may increase the frequency of severe weather conditions, which may impact our business and financial results.

Chronic risks Our exploration and production activities are subject to chronic physical risks such as a shorter timeframe for our winter drilling program, changes in water tables and reduced access to water due to drought conditions.

Policy & legal risks Regulation imposing additional costs on environmental compliance

Technology risks Limitations related to the development, adoption and success of these technologies or the development of disruptive technologies

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services

Reputation risks Negative reputation of fossil fuel development, risk of failure to meet climate-related targets

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? EY LLP

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 (operations and financed) by 2050

Reference Year 2019

Interim Target First Interim: 35% Reduction of Absolute Scope 1, 2, 3 categories 1, 3, 5, 6, 9 by 2035

1st Interim Target Ref. Year Data 760,616.00

1st Interim Most Recently Reported Data 688,010.00

1st Interim Target Goal 494,400.40

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? 1.5C, 2C, 3C, and 4C scenarios

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks Increased operating costs due to extended cooling requirements, increased investment requirements in new resilient technology and construction, rising sea levels may adversely impact infrastructure and assets becoming stranded.

Policy & legal risks Regulation imposing additional costs on environmental compliance

Technology risks Increased costs to deployment of advanced technologies for buildings, demand for high-quality transactable ESG data, real-time metering, and shifting to renewable energy sources

Market risks Level of competition, shifts in consumer attitudes/demand for lower-carbon products/services

Reputation risks Risk of reputation as laggard in climate action

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? LRQA Independent Assurance Statement

Net Zero Commitment No

Net Zero Target N/A

Reference Year 2018

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? N/A

Acute risks Extreme weather can negatively impact operations

Chronic risks

Policy & legal risks Regulation imposing additional costs on environmental compliance
Increased costs due to climate-related litigation

Technology risks

Market risks Volatility to the price of renewable natural gas

Reputation risks Failure to satisfy stakeholders if climate objectives are not met

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Yes (unknown)

Net Zero Commitment No

Net Zero Target N/A

Reference Year N/A

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? N/A

Is there a heavy reliance on wild card technologies? N/A

Acute risks Extreme weather can negatively impact operations

Chronic risks

Policy & legal risks

Technology risks

Market risks

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? N/A

Is compensation linked to performance on climate-related metrics? N/A

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Net Zero Commitment Yes

Net Zero Target N/A

Reference Year 2019

Interim Target First Interim: 46% Reduction of Absolute Scope 1, 2, 3 category 6 by 2030; Second Interim: 55.% Reduction of Emissions intensity Scope 3 categories 1, 2, 11 by 2030

1st Interim Target Ref. Year Data 311,344.00

1st Interim Most Recently Reported Data 256,883.00

1st Interim Target Goal 168,125.76

2nd Interim Target Ref. Year Data 292.00

2nd Interim Most Recently Reported Data 275.00

2nd Interim Target Goal 131.40

Does the company use multiple scenarios for scenario analysis planning? Low-carbon adaptation (global temperature rises approximately 1.5C); extreme global warming (global temperature rises approximately 4C)

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks Effectiveness of network design, maintenance, change management processes, event monitoring, and incident response management and investigation may impact network reliability and the frequency and duration of outages.

Policy & legal risks

Technology risks Rapid changes to limit carbon emissions may create significant changes to our suppliers’ practices. Suppliers who fail to transition to low-carbon strategies for product development, component manufacturing, or service delivery and support, may impact the ability to meet constantly changing and increasing customer expectations while maintaining quality of service.

Market risks

Reputation risks Risks associated with insufficient transparency on climate-related goals and targets

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Deloitte LLP

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2 by 2040, Scope 3 by 2050 by 2050

Reference Year 2020

Interim Target First Interim: 50% Reduction of Absolute Scope 1, 2 by 2030

1st Interim Target Ref. Year Data 796,615.00

1st Interim Most Recently Reported Data 763,659.00

1st Interim Target Goal 398,307.50

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? N/A

Acute risks Extreme weather can negatively impact operations

Chronic risks Certain global climate change patterns (e.g., rising sea levels, changing rain fall) may impact sourcing of food and food ingredients.

Policy & legal risks

Technology risks

Market risks

Reputation risks Failure to satisfy stakeholders if climate objectives are not met

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2 by 2050

Reference Year 2018

Interim Target First Interim: 30% Reduction of Absolute Scope 1, 2 by 2030

1st Interim Target Ref. Year Data 7,541,000.00

1st Interim Most Recently Reported Data 7,400,000.00

1st Interim Target Goal 5,278,700.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? IEA STEPS; IEA SDS; IEA NZE2050

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks

Chronic risks

Policy & legal risks Regulation imposing additional costs on environmental compliance
Increased costs due to climate-related litigation

Technology risks

Market risks

Reputation risks Failure to satisfy stakeholders if climate objectives are not met, negative publicity associated with climate litigation

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Apex Companies, LLC (Apex) independent verification

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2 by 2050

Reference Year 2016

Interim Target First Interim: 30% Reduction of Emissions intensity Scope 1, 2 by 2030

1st Interim Target Ref. Year Data 0.39

1st Interim Most Recently Reported Data 0.38

1st Interim Target Goal 0.27

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? IEA STEPS; IEA SDS

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? CCS, hydrogen, nuclear SMRs, DAC

Acute risks Extreme weather can negatively impact operations

Chronic risks Seasonal weather patterns, which affect the demand for our products, including lower demand for gasoline.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks Uncertainty around traditional and energy transition technology development and deployment, increased competitiveness of alternative energy sources, technological changes or consumer preferences that alter fuel choices, such as technological advances in energy storage that make wind and solar more competitive for power generation.

Market risks Level of competition, shifts in consumer attitudes/demand for lower-carbon products/services, volatility of fossil fuel prices

Reputation risks Negative perception by investors or others of insufficient progress being made with respect to the company’s ambition in the energy transition. Imperial’s reputation may also be harmed by events which negatively affect the image of the industry as a whole, including public and investor perception of Alberta oil sands in relation to greenhouse gas emissions and environmental impact.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Greenhouse gas emissions are third-party verified

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 (operations and financed) by 2050

Reference Year 2019

Interim Target First Interim: 50% Reduction of Absolute Scope 1, 2 3 categories 6, 9 by 2030

1st Interim Target Ref. Year Data 72,506.00

1st Interim Most Recently Reported Data 60,748.00

1st Interim Target Goal 36,253.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? Bank of Canada and OSFI pilot project

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? N/A

Acute risks Extreme weather can negatively impact operations

Chronic risks Impacts on the availability of food and water

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks

Market risks Level of competition, shifts in consumer attitudes/demand for lower-carbon products/services, risk of stranded assets

Reputation risks Failure to satisfy stakeholders if climate objectives are not met, or climate objectives are not sufficiently ambitious

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP Limited Assurance

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 (operations only) by 2050

Reference Year 2019

Interim Target First Interim: 50% Reduction of Absolute Scope 1, 2, 3 category 6 by 2030

1st Interim Target Ref. Year Data 43,603.00

1st Interim Most Recently Reported Data 30,921.00

1st Interim Target Goal 21,801.50

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? Bank of Canada and OSFI pilot project

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? N/A

Acute risks Extreme weather can negatively impact revenues from insurance premiums

Chronic risks Changing weather patterns have resulted in hotter, drier weather in some areas and more humid, wetter weather in other areas. The result has been more unpredictability in weather and increasingly severe storms.

Policy & legal risks
Increased costs due to climate-related litigation

Technology risks

Market risks

Reputation risks Climate change inaction

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Net Zero Commitment No

Net Zero Target N/A

Reference Year N/A

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? IEA SDS

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? CCUS, hydrogen

Acute risks Extreme weather can negatively impact operations

Chronic risks Certain events and weather patterns cause production delays and cessations for certain operations.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services

Reputation risks Failure to meet net zero industry targets

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP Limited Assurance

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 (operations and financed) by 2050

Reference Year 2019

Interim Target First Interim: 25% Reduction of Absolute Scope 1, 2, 3 categories 1, 6 by 2025; Second Interim: 31% Reduction of Emissions intensity Scope 1, 2, 3 financed emissions (tCO2e/TJ) by 2025

1st Interim Target Ref. Year Data 19,971.00

1st Interim Most Recently Reported Data 13,951.00

1st Interim Target Goal 14,978.25

2nd Interim Target Ref. Year Data 5.72

2nd Interim Most Recently Reported Data 5.72

2nd Interim Target Goal 3.94

Does the company use multiple scenarios for scenario analysis planning? Orderly transition (1.5C); disorderly transition (1.5C); hot house world (3C)

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? CO2 removal

Acute risks

Chronic risks

Policy & legal risks Failure to adequately assess future policies and misalign portfolio to climate-related policies

Technology risks

Market risks

Reputation risks Risks associated with inadequate or non-compliant with climate commitments.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Groupe AGÉCO, an independent third party, calculated our greenhouse gas emissions

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1 by 2050

Reference Year 2019

Interim Target First Interim: 50% Reduction of Absolute Scope 1 by 2030

1st Interim Target Ref. Year Data 11,925,000.00

1st Interim Most Recently Reported Data 9,742,000.00

1st Interim Target Goal 5,962,500.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? Global net zero scenario (1.5C); low-carbon scenario (1.65C); 2C scenario (2C); high-carbon scenario (2.7-3.7C)

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Hydrogen, CCUS, nuclear

Acute risks Extreme weather can negatively impact operations

Chronic risks Changes in precipitation that result in droughts could increase the risk of wildfire caused by the corporation's electricity assets or may cause water shortages that could adversely affect operations.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks Improvements in renewable energy technologies impact the current demand of existing products

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Yes (unknown)

Net Zero Commitment Yes

Net Zero Target No Scope emissions mentionned, Net Zero by 2050

Reference Year Not found

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks

Market risks

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Yes (unknown)

Net Zero Commitment Yes

Net Zero Target N/A

Reference Year 2019

Interim Target First Interim: 30% Reduction of Emissions intensity Scope 1, 2 by 2030

1st Interim Target Ref. Year Data 0.00

1st Interim Most Recently Reported Data 0.00

1st Interim Target Goal 0.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services, volatility of commodity prices

Reputation risks Negative publicity related to pipeline accidents, opposition of new projectsr elated to energy, oil sands, and pipeline development and, particularly, with shipment of production from oil sands regions.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? No

Net Zero Commitment Yes

Net Zero Target N/A

Reference Year 2018

Interim Target First Interim: 25% Reduction of Emissions intensity Scope 1 (1000 tonnes CO2e/boe) by 2027; Second Interim: 25% Reduction of Total methane emissions by 2023

1st Interim Target Ref. Year Data 0.02

1st Interim Most Recently Reported Data 0.02

1st Interim Target Goal 0.01

2nd Interim Target Ref. Year Data 547,396.00

2nd Interim Most Recently Reported Data 585,069.00

2nd Interim Target Goal 410,547.00

Does the company use multiple scenarios for scenario analysis planning? IEA STEPS; IEA SDS; IEA current policies

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Hydrogen, CCUS

Acute risks Extreme weather can negatively impact operations

Chronic risks Long-term changes in weather impacting operations (e.g., long-term weather patterns increasing road bans or other operational issues).

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks Lack of technological advancement, scalability, and cost effectiveness to assist in the reductions of emissions.

Market risks Decreased market demand due to political factors, lack of pipeline access, discrepancies in carbon policies in pricing in different jurisdictions and substitution from natural gas to alternatives.

Reputation risks Potential for political and regulatory rhetoric to negatively impact the reputation of Canada’s energy sector making it difficult to operate and access capital.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? No

Net Zero Commitment No

Net Zero Target N/A

Reference Year N/A

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks Property risk concentrations, seismic zones, tropical cyclone zones, flood zones, water security

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing, phase-out of ICE-vehicle related components

Technology risks Investments in automotive technologies that support the transition to ZLEVs can be significant, particularly in product areas such as battery systems for hybrid and EVs.

Market risks Volatility of carbon prices for the production of steel

Reputation risks Risk of failure to keep up with climate-related targets within the industry. Although we expect to meet or exceed our customers’ expectations, the inability to do so within the timeframes expected could result in the loss of some future business. Reputational risks from participation in the automotive industry.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? No

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2 by 2050

Reference Year 2020

Interim Target First Interim: 66% Reduction of Absolute Scope 1, 2 by 2030

1st Interim Target Ref. Year Data 2,800,000.00

1st Interim Most Recently Reported Data 2,900,000.00

1st Interim Target Goal 952,000.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks Climate change may increase the frequency and severity of severe weather conditions.Customers’ requirements for our services may vary with weather conditions, primarily temperature and humidity, customers’ demand for our services could increase or decrease depending on the duration and magnitude of changing weather conditions.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing, risks concerning potentially more stringent future reporting requirements

Technology risks Alternative technologies could impact the demand for, or use of, the business and assets that we own and operate and could impair or eliminate our competitive advantage of our businesses and assets.

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services, risk of stranded assets related to oil and gas

Reputation risks Actors disagree with the ESG disclosures , regulatory enforcement action

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Yes (unknown)

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2 by 2050

Reference Year 2019

Interim Target First Interim: 50% Reduction of Absolute Scope 1, 2 by 2030; Second Interim: 50% Reduction of Emissions intensity tCO2e per metric tonne of food and per franchise restaurant by 2030

1st Interim Target Ref. Year Data 60,804.00

1st Interim Most Recently Reported Data 63,104.00

1st Interim Target Goal 30,402.00

2nd Interim Target Ref. Year Data Not disclosed

2nd Interim Most Recently Reported Data Not disclosed

2nd Interim Target Goal Not disclosed

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks Profitability will depend on ability to anticipate and react to changes in food and commodity and supply costs. Markets for beef and chicken are subject to significant price fluctuations due to seasonal shifts.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increasing pressure to deepen climate commitments

Technology risks

Market risks

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? No

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 3 by 2030

Reference Year Not found

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Indicated as a risk, but no elaboration

Chronic risks Indicated as a risk, but no elaboration

Policy & legal risks Indicated as a risk, but no elaboration
Indicated as a risk, but no elaboration

Technology risks Indicated as a risk, but no elaboration

Market risks Indicated as a risk, but no elaboration

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? No

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 by 2050

Reference Year 2020

Interim Target First Interim: 33% Reduction of Carbon intensity Scope 3 category 15 by 2030

1st Interim Target Ref. Year Data Multiple portfolio sector targets

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? IEA STEPS; IEA SDS; IEA NZE2050

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? CCUS

Acute risks Extreme weather can negatively impact operations

Chronic risks Increased operating costs due to extended cooling requirements, increased investment requirements in new resilient technology and construction, rising sea levels may adversely impact transportation.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing
Increased costs due to climate-related litigation

Technology risks Technological advances have the ability to impact operational competitiveness as well as product demand

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services, decreased demand for insurance of carbon-intensive services

Reputation risks Poor performance with managing the risks and opportunities of climate change could result in reputational impairment. This could lead to public and regulatory opposition to Teck projects or operations, or lead to a potential increase in the cost of capital and perceived risk among the investor community.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? No

Net Zero Commitment Yes

Net Zero Target N/A

Reference Year 2011

Interim Target First Interim: 25% Reduction of Absolute Scope 1, 2 by 2025

1st Interim Target Ref. Year Data 197,448.00

1st Interim Most Recently Reported Data 135,754.00

1st Interim Target Goal 148,086.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? BAU; Grid decarbonization; 1.5C

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks Increased precipitation and temperatures could impact our wireless connectivity performance and damage critical infrastructure, resulting in increased expenditure in cooling and protection of our network infrastructure, technology, and buildings.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks Market expectations for low-carbon technologies could impact our competitiveness and the demand for our products and services, potentially decreasing operating revenues.

Market risks Rising consumer expectations of products that are less environmentally damaging

Reputation risks Increased stakeholder perception for failing to take climate action and offer low-carbon products and services could impact our reputation with all our stakeholders (i.e. employees, customers, general public, and investors) potentially resulting in reduced revenue.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Yes management responsibilities

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP Limited Assurance

Net Zero Commitment Yes

Net Zero Target N/A

Reference Year 2019

Interim Target First Interim: 25% Reduction of Emissions intensity Scope 1, 2 by 2030

1st Interim Target Ref. Year Data 5.70

1st Interim Most Recently Reported Data 5.30

1st Interim Target Goal 4.28

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? N/A

Is there a heavy reliance on wild card technologies? N/A

Acute risks N/A

Chronic risks N/A

Policy & legal risks N/A
N/A

Technology risks N/A

Market risks N/A

Reputation risks N/A

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? No

Net Zero Commitment Indirectly

Net Zero Target N/A

Reference Year N/A

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? N/A

Is there a heavy reliance on wild card technologies? N/A

Acute risks N/A

Chronic risks N/A

Policy & legal risks N/A
N/A

Technology risks N/A

Market risks N/A

Reputation risks N/A

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? N/A

Is compensation linked to performance on climate-related metrics? N/A

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? N/A

Net Zero Commitment Indirectly

Net Zero Target N/A

Reference Year N/A

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? Green orderly and disorderly (2C); brown scenario 4.5C; IEA 450 scenario; NPS scenario

Does the company rely on the use of offsets to meet climate target? N/A

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks N/A

Chronic risks N/A

Policy & legal risks N/A
N/A

Technology risks N/A

Market risks N/A

Reputation risks N/A

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? N/A

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2 by 2050

Reference Year 2018

Interim Target First Interim: 30% Reduction of Absolute Scope 1, 2 by 2030

1st Interim Target Ref. Year Data 332,173.00

1st Interim Most Recently Reported Data 305,129.00

1st Interim Target Goal 232,521.10

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? High warming scenario (2.7C-3.7C); low warming scenario (2C); intermediate scenario (Unknown ITR)

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks Increased operating costs due to extended cooling requirements, increased investment requirements in new resilient technology and construction, rising sea levels may adversely impact infrastructure.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks

Market risks

Reputation risks Changes in public opinion, attitudes towards the company’s privatization, failure to deliver on its customer promises, failure to comply with mandatory reliability regulations established by the NERC and NPCC, failure to adequately respond to social issues raised by employees, partners and/stakeholders and other external forces.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? GHD

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2 by 2050

Reference Year 2018

Interim Target First Interim: 50% Reduction of Absolute Scope 1, 2 by 2030

1st Interim Target Ref. Year Data 25.93

1st Interim Most Recently Reported Data 35.10

1st Interim Target Goal 12.97

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? BAU scenario/IEA CPS (4.5C); IPCC SSP-8.5; IPCC RCP-8.5; IEA NZE2050 (1.5C); IPCC SSP1-1.9; IPCC RCP1.9

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Hydrogen

Acute risks Extreme weather can negatively impact operations; supply chain disruptions

Chronic risks Negatively impact the ability of mining partners to develop or continue to operate the mine, which may impact the delivery of precious metals or cobalt to Wheaton, the costs to develop or operate the mine, the value of a particular precious metals purchase agreement.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing, failure to obtain necessary permits to continue mining operations
Increased costs due to climate-related litigation

Technology risks Mining partners are responsible for decision-making and costs related to technology and the deployment of low carbon technologies and mines. Risks of failure by mining partners to implement low carbon technologies.

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services, risk of restricted access to capital markets in the event of failure to comply with growing ESG reporting requirements

Reputation risks Stakeholders perceive mining partners as contributing to chronic physical impacts through their use of resources in resource-stressed regions (e.g. water-stressed regions)

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? No

Net Zero Commitment Yes

Net Zero Target N/A

Reference Year 2020

Interim Target First Interim: 30% Reduction of Absolute Scope 1, 2 by 2025

1st Interim Target Ref. Year Data 4,252,000.00

1st Interim Most Recently Reported Data 4,440,000.00

1st Interim Target Goal 2,976,400.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? IEA SDS; IEA STEPS; IEA NZE2050

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks The potential failure of a tailings storage facility or dam may be impacted by increased rainfall or variability in chronic rain and temperature. Changes in the intensity or frequency of extreme weather events can impact the operation of the facilities, requiring additional planning and infrastructure to manage the impacts.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks There is a risk that investment in a technology solution that is currently available results in reduced efficiency and increased costs compared with alternatives that could be developed.

Market risks In the future, commodity market pricing mechanisms could assign a premium to products with lower embedded GHG emissions. Second order impacts from changes in the energy mix, for example the reduction in petroleum production may affect prices for key inputs to the business such as fuel, sulphur, ammonium nitrate.

Reputation risks The continued use of coal for the power provided in Panama could hinder the ability of the company to take advantage of strategic opportunities or limit access to capital markets, as stakeholder expectations for decarbonisation increase.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Yes (unknown)

Net Zero Commitment Yes

Net Zero Target N/A

Reference Year 2020

Interim Target First Interim: 37.5% Reduction of Absolute Scope 1, 2, 3 categories 4, 5 by 2035; Second Interim: 37.5% Reduction of Emissions intensity kgCO2eq/sq.ft by 2035

1st Interim Target Ref. Year Data Not disclosed

1st Interim Most Recently Reported Data Not disclosed

1st Interim Target Goal Not disclosed

2nd Interim Target Ref. Year Data 22.36

2nd Interim Most Recently Reported Data

2nd Interim Target Goal 13.98

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations; supply chain disruptions

Chronic risks

Policy & legal risks

Technology risks

Market risks We are a big consumer of utilities, electricity, natural gas, and fuel. Increases in the price of these items may affect us.

Reputation risks Failure to act with integrity or to maintain ethical and socially responsible activities could damage our reputation and have a material impact on our financial position.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? No

Net Zero Commitment No

Net Zero Target N/A

Reference Year N/A

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? N/A

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks Increased temperatures could impact our networks, IT systems, equipment and other infrastructure which could require the installation of additional cooling devices; climate change related impacts to our key suppliers could adversely affect their ability to supply us with required products and services.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks

Market risks

Reputation risks Failure to recognize and adequately respond to changing environmental matters and expectations, or to comply with environmental laws and regulations, could result in fines, new regulatory obligations and associated costs, or damage to our reputation or brand, any of which could have a material adverse effect on our operations and/or financial results.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? No

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 by 2050

Reference Year 2005

Interim Target First Interim: 55.% Reduction of Absolute Scope 1, 2, 3 by 2025

1st Interim Target Ref. Year Data 26,902,000.00

1st Interim Most Recently Reported Data 24,611,000.00

1st Interim Target Goal 12,105,900.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Hydrogen, small modular reactors, CCUS

Acute risks Extreme weather can negatively impact operations

Chronic risks Precipitation changes potentially impact hydro generation availability, increased capital to harden infrastructure against rising seas and storm surge and increased precipitation events.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing, risk of early retirement of assets
Increased costs due to climate-related litigation, and fines from regulators

Technology risks Replacement of existing energy supply sources with renewable/lower carbon sources; early retirement of existing assets prior to the end of their useful life.

Market risks Customer desire for lower emitting energy sources; changes in supply chain as a result of regulation and/or market demand; uncertainty in asset insurance options

Reputation risks Increased stakeholder concern associated with carbon intensive business

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? No

Net Zero Commitment Yes

Net Zero Target N/A

Reference Year 2020

Interim Target First Interim: 20% Reduction of CO2 intensity tCO2e/tonne of product by 2025; Second Interim: 20% Reduction of Energy intensity (GJ/tonne of product) by 2025

1st Interim Target Ref. Year Data 0.22

1st Interim Most Recently Reported Data 0.20

1st Interim Target Goal 0.18

2nd Interim Target Ref. Year Data 3.00

2nd Interim Most Recently Reported Data 2.95

2nd Interim Target Goal 2.40

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations; supply chain disruptions

Chronic risks Changes in weather patterns could impact the price and the availability of the raw material and influence our results upwards or downwards.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks

Market risks A growing group of consumers are turning away from animal-related products in favour of plant-based alternatives to reduce their carbon footprint. This could lead to reduced demand for dairy products. Some of our customers are addressing this trend by asking for a reduction of greenhouse gas emissions throughout the supply chain.

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Yes (unknown)

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2, 3 by 2040

Reference Year 2022

Interim Target First Interim: 50% Reduction of Absolute Scope 1, 2, 3 category 6 by 2030

1st Interim Target Ref. Year Data 48,968.00

1st Interim Most Recently Reported Data 48,968.00

1st Interim Target Goal 24,484.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? N/A

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks

Policy & legal risks

Technology risks

Market risks

Reputation risks Increased attention from shareholders, customers and other key relationships regarding our environmental, social, and corporate governance (ESG) practices could impact our business activities, financial performance and reputation.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? No

Net Zero Commitment Yes

Net Zero Target N/A

Reference Year N/A

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? IEA STEPS; IPCC RCP4.5; IPCC RCP8.5

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Nuclear

Acute risks Extreme weather can negatively impact operations

Chronic risks Changes in precipitation that result in droughts could increase the risk of wildfire caused by the corporation's electricity assets or may cause water shortages that could adversely affect operations.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing; exclusion of nuclear power from green taxonomies may decrease competitiveness

Technology risks Risks related to disruptive lower emissions technologies that cause earlier-than-planned replacement of capital assets.

Market risks

Reputation risks Lack of sufficient transparency and action on climate issues could result in reputational damage with local stakeholders and the investment community.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? PWL LLP Limited Assurance

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2 by 2050

Reference Year 2017

Interim Target First Interim: 1Mt Reduction of Absolute Scope 1, 2 emissions by 2023

1st Interim Target Ref. Year Data 3,220,317.00

1st Interim Most Recently Reported Data 2,183,775.00

1st Interim Target Goal 2,220,317.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? IEA SDS; IEA ETP 2C scenario; IEA WEO STEPS; IPCC RCP 6

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks New and emerging technologies can impact grid efficiency, energy prices, and investment economics, and reduce customer consumption, and provide customers with alternatives for meeting their energy and water needs through new sources rather than traditional regulated utility providers.

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services

Reputation risks Lack of sufficient transparency and action on climate issues could result in reputational damage with local stakeholders and the investment community.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP

Net Zero Commitment No

Net Zero Target N/A

Reference Year N/A

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks

Chronic risks

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks

Market risks

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Apex Companies LLC

Net Zero Commitment Yes

Net Zero Target N/A

Reference Year 2020

Interim Target First Interim: 40% Reduction of Absolute Scope 1, 2, 3 category 14 by 2030

1st Interim Target Ref. Year Data 87,146.00

1st Interim Most Recently Reported Data 82,807.00

1st Interim Target Goal 52,287.60

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations; supply chain disruptions

Chronic risks

Policy & legal risks

Technology risks

Market risks Level of competition, decrease/shifts in consumer attitudes/demand for lower-carbon products/services

Reputation risks The company recognizes that proper stewardship of environmental, social, and governance (“ESG”) matters that are relevant to its business contributes positively to the company’s reputation.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? DNV Business Assurance USA

Net Zero Commitment No

Net Zero Target N/A

Reference Year N/A

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? IPCC RCP 8.5; 2C scenario

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations; supply chain disruptions

Chronic risks Reduced IT access, temporary lack of HR, flight safety

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing
Increased costs due to climate-related litigation

Technology risks Costs associated with the replacement of CAE's assets for more efficient technologies

Market risks Rising insurance premiumns, Insufficient energy and raw resources, more expensive resources

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? No

Net Zero Commitment No

Net Zero Target N/A

Reference Year N/A

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? N/A

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations; increase in insurance premiums

Chronic risks Increases in the duration and magnitude of chronic climate-related risks such as heat stress, winter weather, water stress, freeze-thaw cycles, and disease

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks Shift to renewable energy, battery storage, and energy efficiency equipment

Market risks Adjustments in goods and services purchased by CAPREIT, shifts in the preferences of occupants

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? ESG Global Advisors

Net Zero Commitment No

Net Zero Target N/A

Reference Year N/A

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? N/A

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks

Chronic risks

Policy & legal risks

Technology risks

Market risks

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? None found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? N/A

Net Zero Commitment Yes

Net Zero Target N/A

Reference Year 2018

Interim Target First Interim: 30% Reduction of Absolute Scope 1. 2 by 2030

1st Interim Target Ref. Year Data 442,420.00

1st Interim Most Recently Reported Data 372,640.00

1st Interim Target Goal 309,694.00

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? IEA NZE2050; IEA SDS; IEA STEPS; IEA failed Transition scenario; IPCC RCP 2.6; IPCC RCP 4.5; IPCC RCP 6.0

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations; supply chain disruptions

Chronic risks Future events could slow and/or halt production due to physical damage to our assets, resulting in increased employee absenteeism and reduced worker productivity in order to address incremental safety measures during extreme weather conditions, and/or resulting in supply chain disruptions limiting transportation of supplies or delivery of goods.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks

Market risks Energy consumption costs and transportation costs. These could have relevant financial implications, considering that low-cost and efficiency are core strengths of our successful integrated business mode; consumer preferences and attitudes affecting their spending behaviour.

Reputation risks Failure to achieve our greenhouse gas targets, or a perception among investors that our targets lack ambition and/or are deemed to be insufficient, could adversely affect the company’s reputation and ability to attract capital.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management Responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Corporate Citizenship Limited

Net Zero Commitment Yes

Net Zero Target Absolute Scope 1, 2 by 2050

Reference Year 2021

Interim Target First Interim: 30% Reduction of Emissions intensity Scope 1 kgCO2e/Au eq oz. by 2030; Second Interim: 30% Reduction of Emissions intensity Scope 2 kgCO2e/Au eq oz. by 2030

1st Interim Target Ref. Year Data 542.00

1st Interim Most Recently Reported Data 542.00

1st Interim Target Goal 379.40

2nd Interim Target Ref. Year Data 266.00

2nd Interim Most Recently Reported Data 266.00

2nd Interim Target Goal 186.20

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? No

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks Changes in the climatic parameters, water deficits have caused impacts, even at sites where intense rainfall is common. Precipitation projections vary across sites, with a tendency for relatively wet regions and wet times of the year to become wetter and dry regions and dry times of the year to become drier.

Policy & legal risks Regulation imposing additional costs on environmental compliance and increase cost of production through carbon pricing

Technology risks Risk posed by older, higher-emission technologies versus the opportunities presented by new and future technologies. These are considered within the context of financial, operational, and strategic impacts.

Market risks

Reputation risks

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? PWC LLP

Net Zero Commitment No

Net Zero Target Absolute Scope 1, 2, 3 by 2030

Reference Year 2019

Interim Target No Target

1st Interim Target Ref. Year Data N/A

1st Interim Most Recently Reported Data N/A

1st Interim Target Goal N/A

2nd Interim Target Ref. Year Data N/A

2nd Interim Most Recently Reported Data N/A

2nd Interim Target Goal N/A

Does the company use multiple scenarios for scenario analysis planning? N/A

Does the company rely on the use of offsets to meet climate target? Yes

Is there a heavy reliance on wild card technologies? Not disclosed

Acute risks Extreme weather can negatively impact operations

Chronic risks Severe shifts in climate patterns could impact the costs and availability of potable water in those locations, but also result in higher workforce-related costs as sites are expected to provide conditions allowing for scheduled regular breaks when temperatures rise above (or drop under) certain thresholds along with other increased weather-related health and safety provisions.

Policy & legal risks Changing regulation require employees to be up-to-speed on current and emerging regulations
Potential for professional liability exposure in the event faulty climate-related professional services were to be provided to such a “large final emitter” client

Technology risks SNC-Lavalin is a service provider to traditionally high-emission industries such as mining and metallurgy and power utilities. As such, it is expected to be informed about technology innovations in order to provide clients with best in class and most up to date technology options.

Market risks

Reputation risks Past involvement in many projects for clients in the oil and gas sector, some of whom have suffered reputational damage and risks to their business model as a result of their contribution to climate change.

Has the organization assigned net zero commitment responsibilities to management/exective/board-level positions? Yes board oversight Management responsibilities not found

Is compensation linked to performance on climate-related metrics? No

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? EY LLP