GN has set Board-approved science-based GHG emission reduction targets to manage our climate-related impact and risks by decarbonizing in line with the scientific consensus on the urgency of addressing climate change and the degradation of nature. We are committed to reduce absolute GHG emissions (metric tons CO2eq) in Scope 1 and 2 by 80% and in Scope 3 by 25% by 2030 from a 2021 baseline. GN is also committed to reaching net-zero GHG emissions by 2050 at the latest, meaning 90% reduction with neutralization of unabated emissions to reach net zero. These targets cover all GHGs stipulated in the GHG Protocol and all activities in GN’s own operations and value chain globally. Our near-term targets have been set using the Science Based Targets initiative’s (SBTi) Criteria v5.0 with the absolute contraction approach and the cross-sector pathway, which is based on the P1 scenario in the IPCC Special Report on Global Warming of 1.5°C. It has been assumed that GN’s core business activities will not change by 2030. We have aligned our net-zero target to the SBTi’s cross-sector absolute reduction method for long-term targets.

The total energy consumption is 32,017 MWh. The breakdown of the energy mix is as follows:

• Fuel consumption from coal and coal products: Not specified
• Fuel consumption from crude oil and petroleum products: 11,613 MWh
• Fuel consumption from natural gas: 2,064 MWh
• Fuel consumption from other fossil sources: Not specified
• Consumption of purchased or acquired electricity, heat, steam, and cooling from fossil sources: 5,220 MWh
• Total fossil energy consumption: 18,897 MWh
• Consumption from nuclear sources: 366 MWh
• Fuel consumption for renewable sources: Not specified
• Consumption of purchased or acquired electricity, heat, steam, and cooling from renewable sources: 12,754 MWh
• Total renewable energy consumption: 12,754 MWh