Investor Presentaiton
RECENT CORPORATE DEVELOPMENTS
Focus on efficiency and sustainability
INTERNAL REORGANISATION
> Streamlining to improve efficiency
› Asset managers will report directly to CEO, who will be
supported by Operations Director and Technical Director
> Creation of New Energy unit to accelerate development
of gas business and explore lower-carbon opportunities
> Merger of Strategy and Business Development functions
› Technical Training & Development to be housed at
Seplat's Centre of Excellence in Aberdeen
> Creation of Corporate Services Department
HR, IT, Business Services
> New function of Research & Sustainability created in
External Affairs Department to focus on ESG
> General Counsel and Company Secretariat remerged.
› Change management process underway with target
completion date Q1 2021.
UPDATE ON SUSTAINABILITY INITIATIVES
> Creation of New Energy unit to spearhead gas
transition and examine renewable investments
> Gap Analysis conducted by ESG consultants Critical
Resource, with view to follow-on activities including
scenario analysis for assets and strategic analysis of
climate change impacts
> Planning to align reporting with major standards e.g.
TCFD/IPIECA by 2022 to ensure full reporting of ESG
> More detailed update on Strategy and ESG initiatives
to follow with the full year 2020 results and a Capital
Markets day will be scheduled for March 2021.
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