Risk type Recommendation Description Time Control Physical risks Acute & Chronic To increased frequency and intensity of extreme weather events such as storms, flooding, coastal inundation, lack of water availability, or slips. Offshore drilling and production delayed or shut in by increased weather events m,l Engineering anticipates environmental conditions. Carbon policy provides for review of climate issues in strategic and operational decisions. Opportunities Commercial Global reduction in high carbon sources such as coal is increasing demand for natural gas as a lower carbon partner to renewables. s,m,l Strategic preference for natural gas. Support for our joint venture partners pursuing low carbon innovations on sites. 5. Metrics and Targets TCFD category Recommendation Summarised in this document at Metrics and Targets Disclose measures used to assess climate-related risks and measure them 5.1 Disclose emissions by Scope 1, 2 and 3 5.1 Disclose targets used to manage climate-related risk 5.2 5.1. Emissions Oil and Gas operations encompass Cue’s proportion of Scope 1 and Scope 2 emissions, drawn from the production activities in our fields. Detailed monthly emissions reports are submitted by field operators at Maari and Sampang PSC, while Central Petroleum, managing Cue’s Onshore Australia Assets, reports emissions through the NGER. Mahato emissions are currently estimated due to no operator reporting. Scope 1 and 2 emissions relate to Cue’s share of emissions from production facilities in New Zealand and Indonesia and corporate office activities. Cue’s onshore Australia emissions data is not included due to timing of NGER reporting and will be published by Cue when available later this year. For corporate offices, an annual estimation of carbon emissions from operational activities is compiled utilizing factors like electricity consumption. The Company does not report Scope 3 emissions due to the difficulties in obtaining and verifying information from end users. Scope 1 Emissions (tCO2e)** boe produced** Intensity Factor (tCO2e per boe) FY21* 8,720 352,338 0.025 FY22 8,311 452,251 0.018 FY23 8,442 388,648 0.022 FY24 7,984 406,858 0.020 * Mahato Emissions for 2021 are not included as the data was not available for the first part year ** Amadeus Basin emissions data is not included due to timing of the Operators NGER reporting and will be published by Cue when available later this year Taskforce on Climate–Related Financial Disclosures (TCFD) Statement continued 22 Cue Energy Resources Limited Annual Report 2024
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