Our material sustainability topics Understanding our most relevant sustainability priorities is an important part of shaping a Sustainability Strategy that is both impactful and resilient. In 2024, ADNOC conducted a comprehensive double materiality assessment (DMA) informed by Global Reporting Initiative (GRI) standards and consideration for evolving global best practices. This assessment considers both the impact of our activities on the economy, environment and people (impact materiality), as well as how sustainability related risks and opportunities may affect our business performance (financial materiality). The assessment reflects input from a wide range of internal and external stakeholders and supports more informed decision-making across our operations. Understanding the context Longlist of topics and IROs development8 Current landscape assessment Topics Horizon scanning and media assessments Oil and gas sector dynamics Peer benchmarking High-level value chain analysis Identification of a long list of sustainability topics aligned with global standards (SASB, GRI etc.) Internal: employees, executive leadership External: suppliers and contractors, industry partners, government, regulators, investors, partners and shareholders Development of the impact, risks, and opportunities (IROs) for each topic, in alignment with ADNOC’s Enterprise Risk Management (ERM) Stakeholder mapping IRO • Climate change and GHG emissions • Air emissions • Waste management • Biodiversity • Water and water effluent management • Closure and rehabilitation • Occupational health and safety • Ethical employment practices STEP 1 STEP 2 MATERIAL TOPICS 8 IROs – Impacts, risks and opportunities. We identified 16 key topics that we believe reflect the sustainability topics of most interest to our stakeholders, strategic importance to our business and our ability to create a positive impact across the value chain. 32