Investor Presentaiton
TCFD-Aligned Climate Report Highlights
STRATEGY
OUR PATHWAY TO ACHIEVE
NET-ZERO
METRICS AND TARGETS
TRACKING PERFORMANCE
AND PROGRESS
GOVERNANCE
BOARD AND EXECUTIVE
OVERSIGHT ON CLIMATE-RELATED
RISKS AND OPPORTUNITIES
RISK MANAGEMENT
INTEGRATION OF CLIMATE RISKS
WITHIN OCCIDENTAL'S ERM
Competitive advantage as low-cost producer,
EOR capabilities and industry-leading CCUS;
Net-zero for our operational and energy use
emission (Scope 1 and 2) before 2040 with
the ambition to accomplish before 2035;
⚫ Net-zero for our total emissions inventory,
including product use (Scope 1, 2 and 3)
before 2050; and
Total carbon impact through carbon removal
and storage technology and development
beyond 2050
"
Progress on our commitments on reducing
GHG and methane emissions
Introduce new time-bound GHG and
methane targets
⚫ New approach to account for net-zero
Commitment to resource OLCV and to link
executive compensation to OLCV performance
Routine reporting of corporate GHG and
ESG data
Board and Executive level governance structure
New Board-level Sustainability and Shareholder
Engagement Committee
Management alignment on climate-
related goals
Active engagement with stakeholders
and industry
Expansive approach, grounded in Occidental's
ERM system
Stress testing business and asset resiliency
against climate scenarios and carbon
price burden
Agility to respond to emergent climate- and
emissions-related regulations
OXY
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