15 Source: World population projected to reach 9.8 billion in 2050, and 11.2 billion in 2100, United Nations 15 Source: World population projected to reach 9.8 billion in 2050, and 11.2 billion in 2100, United Nations The global population continues to grow and is projected to reach approximately 9.8 billion by 205015, driving a parallel rise in energy demand. Today, almost 750 million15 people globally still live in energy poverty. Addressing this energy access gap, while reducing emissions and enabling economic growth, is a central focus for delivering reliable and affordable energy. Amid increasing global energy demand and ongoing geopolitical and economic uncertainties, we believe the importance of reliable and responsible energy providers has never been greater in supporting global energy security and economic stability. The UAE has reaffirmed its leadership in international climate action by setting an ambition to establish a just, orderly and equitable transition to net zero emissions by 2050. Material topics Climate Change and GHG Emissions SDGs 2024 performance • 7kg CO2e/boe upstream GHG intensity, placing us in the top tier of the lowest carbon-intensity oil and gas producers in the world • 51GW of combined renewable energy capacity through our shareholding in Masdar • 22% reduction in methane emissions compared to 2023 • 6.6 million tCO2e reduction of total scope 1 and 2 emissions, including 5 million tonnes from clean power import • $220 million (AED 808 million) realized savings from emission reduction initiatives 60