2.2. Board oversight Recognition and management of risks is detailed under the company Charter, available in the Corporate Governance section of our website. The responsibilities are set out in the table: Board – Reviewing all risks, including climate-related risks and opportunities, and ensuring these are appropriately managed to support our business strategy – Understand the material risks faced by the Company and ensure the Company has appropriate risk management strategies and control measures in place and is actively managing these Operational Risk and Sustainability Committee (ORSC) – Sets, reviews, and agrees on relevant risk policies, practices, frameworks, targets, and performance – Charter assigns it the responsibility for approving environmental policy and monitoring progress, including climate change responses CEO – Accountable to the Board for ensuring the implementation of climate policies – At an operational level, the responsibility for day-to-day oversight of climate risk and opportunity (including managing climate objectives and targets) Management – Management is responsible for identifying, assessing, and managing risk described on the Cue risk register 3. Strategy TCFD category Recommendation Summarised in this document at Strategy Disclose the actual potential impacts of climate-related risks and opportunities on the organisation’s businesses, strategy and financial planning where such information is material. 3.1 Describe the climate related risks and opportunities the organisation has identified over the short, medium and long term. 3.2, 4.3 Describe the impact of these risks on businesses, strategy and financial planning. 3.3 Describe the resilience of the organisation’s strategy, taking into consideration different climate related scenarios including a 2 degree celsius or lower scenario. 3.4 3.1. Actual and potential impacts of climate-related risks and opportunities The Company is involved in natural gas production for Indonesian and East Coast Australian markets that are energy constrained and hungry for gas to generate electricity that would otherwise likely come from coal generation. The Company’s forecasts indicate constrained markets will be sustained, with continued economic value for its production and value for its reserves. Taskforce on Climate–Related Financial Disclosures (TCFD) Statement continued 18 Cue Energy Resources Limited Annual Report 2024
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