Our sustainability governance model Our governance model aligns sustainability with our business strategy and goals. This involves the ELT Committee and the Group Sustainability and ESG Steering Committee, the latter of which is chaired by the Chief Sustainability & ESG Officer (CSO). Overall accountability for sustainability within ADNOC lies with the MD & GCEO. The ELT implements and monitors ADNOC’s sustainability strategy progress. The Group Sustainability and ESG Steering Committee supports sustainability and ESG strategy execution and is responsible for monitoring the implementation of ADNOC’s sustainability efforts. Its responsibilities include advising on sustainability strategy, ESG-related action plans, and emerging ESG-related risks and opportunities. It also supports adequate resource allocation to implement strategic sustainability initiatives. The CSO oversees ADNOC’s sustainability strategy and performance and provides strategic direction for its ESG disclosures and reporting. ADNOC business line directorates and Group companies are accountable for implementing sustainability standards and for effectively managing related risks and performance. Corporate and technical functions across disciplines provide support and advice. These central functions are responsible for delivering against their defined objectives and developing governing policies and processes to support sustainability objectives across business lines. The Group Sustainability & ESG Executive function oversees the execution of our 2030 Sustainability Strategy and reports on ESG performance. It also advises business lines and functions on how well their implementation strategies meet our long-term targets and drive programs meant to enhance our sustainability performance. ADNOC’s Group Sustainability Policy Statement outlines and reinforces our Group-wide sustainability commitments. For example, it upholds our commitment to contributing to the UAE’s sustainability agenda, including UAE Net Zero by 2050 strategic initiative through GHG reduction, climate risk management and nature-based solutions. It also focuses on enhancing the use of water and other resources. The Policy Statement promotes human rights, diversity and inclusion, employee wellbeing and Emiratization. It emphasizes the importance of safety and security, ethical operations, transparent ESG performance tracking, appropriate governance systems, and local socioeconomic development. Relationship with the government ADNOC is an autonomous commercial entity and public joint stock company ultimately owned by the Government of Abu Dhabi and managed by its own Executive Management Team, making it key for us to act responsibly for our society for the long term, while maximizing value for our shareholders. Since the company’s inception, we have played an integral role in Abu Dhabi’s economic development. We manage, produce and preserve Abu Dhabi’s hydrocarbon reserves. Oil and gas contribute up to 45% of the Abu Dhabi economy. ADNOC also contributes to the manufacturing, wholesale and retail trade sectors. We provide resources that support the social fabric and vitality of the communities in which we operate; for example, via direct social investments such as CSR activities and our ICV program. Our work in turn supports the Government of the Emirate of Abu Dhabi’s development strategy, which is articulated in the Abu Dhabi Policy Agenda 2007-2008 and the Abu Dhabi Economic Vision 2030, and applies to all companies active in Abu Dhabi. The Economic Vision 2030 is a comprehensive plan to diversify the Emirate’s economy and significantly grow the contribution of the non-oil sector by 2030. Its core economic objectives include enhancing competitiveness, productivity and diversification to reduce growth volatility, thereby promoting economic resilience and long-term national prosperity. It is also intended to enlarge Abu Dhabi’s enterprise base by encouraging entrepreneurs, small enterprises and foreign direct investment, enabling new enterprises to act as economic anchors. To ensure that all areas of society benefit from this new development, the Economic Vision 2030 calls for enabling Abu Dhabi’s youth to enter the workforce, maximizing the participation of women and continuing to attract skilled labor from abroad. To support the Vision, as part of approving ADNOC’s five-year business plan for 2025-2030, our Board endorsed the aim of adding $60 billion (AED 220 billion) to the UAE economy through our ICV program. The Policy Statement also highlights our commitment to innovation and collaboration, leveraging AI and other emerging technologies, and forging partnerships with international organizations, academia and industry. The ADNOC Group Sustainability and Climate Framework governs the implementation of the Policy Statement, enabling performance tracking, transparent reporting and continuous improvement across Group companies. 110