General Disclosures

About Australian Gas Infrastructure Group (pages 2-3)

Our role and business (pages 6-9)

AGIG Website www.agig.com.au

Our Business, (page 7)

AGIG Website
Australian Gas Infrastructure Group is owned by a various consortia of private sector entities listed on teh Hong Kong Stock Exchange
This includes CK Asset Holdings Ltd (CKA), CK Infrastructure Holdings Ltd (CKI), Power Assets Holdings Ltd (PAH) and CK Hutchinson Holdings Ltd (CKH), all part of the CK Group - a leading global investor in energy and infrastructure in the UK, Australia and other developed countries

Entity reporting is outlined in the Data Tables, Appendices (page 10)

2-6

Actitivies and workers

About AGIG (page 3)
Our Role (page 9)
Our Business (page 9)
AGIG Website www.agig.com.au/who-we-are

2-7

Employees

Governance

Strategy, Policies and Practices

Stakeholder Engagement

Material Topics

11-2

Describe policies, commitments, and actions of the organisation to prevent or mitigate the impacts of the transition to a low-carbon economy on workers and local communities

Report the level and function within the organisation that has been assigned responsibility for managing risks and opportunities due to climate change.

Describe the board’s oversight in managing risks and opportunities due to climate change

Report whether responsibility to manage climate change-related impacts is linked to performance assessments or incentive mechanisms, including the remuneration policies for highest governance body members and senior executives

Describe the climate change-related scenarios used to assess the resilience of the organisations strategy, including a 2c or lower scenario

Financial Implications and other risk and opportunities due to climate change -

Report the emissions potential for proven and probable reserves

Report the internal carbon-pricing and oil and gas pricing assumptions that have informed the indentification of risks and opportunities due to climate change

Describe how climate change-related risks and opportunities affect or could affect the organisations operations or revenue, including:

- development of currently proven and probable reserves;

- potential write-offs and early closure of existing assets;

- oil and gas production volumes for the current reporting period and projected volumes for the next five years

Report the percentage of capital expenditure (CapEX) that is allocated to investments in:

- prospection, exploration, and development of new reserves;

- energy from renewable sources (by type of source);

- technologies to remove CO2 from the atmosphere and nature-based solutions to mitigate climate change

- other research and development initiatives that can address the organisations risks related to climate change

Report net mass of CO2 in metric tons captured and removed from the atmosphere (CO2 stored less than GHG emitted in the process)

Reduction of GHG emissions

Report how the goals and targets for GHG emissions are set, specify whether they are informed by scientific consensus, and list any authoritative intergovernmental instruments or mandatory legislation the goals and targets are aligned with Report the Scopes (1, 2, 3) of GHG emissions, activities, and business relationships to which the goals and targets apply

Report the baseline for the goals and targets and the timeline for achieving them.

- Describe actions taken to improve product quality to reduce air emissions

- Describe policies and commitments to achieving no net loss or a net gain to biodiversity on operational sites; and whetherf these commitments apply to existing and future operations and to operations beyond areas of high biodiversity value

- Report whether application of the mitigation hierachy has informed actions to manage biodiversity-related impacts

- Describe how the application of the mitigation hierarchy, if applicable, has resulted in:

- areas protected through avoidance measures or offset measures;

- areas restored through on-site restoration measures or offset measures

11-5

- When reporting the composition of the waste generated, include a breakdown of the following waste streams, if applicable:

- Drilling waste (mud and cuttings);

- Scale and sludges:

- Tailings

- Report volume in megaliters of produced water and process wastewater discharged

- Report the concentration (mg/L) of hydrocarbons discharged in produced water and process wastewater

- Describe approach to engaging workers in advance of significant operational changes

- have closure and rehabilition plans in place;

- have been closed;

- are in the process of being closed

- OHS risk and hazard assessments to identify what could cause harm in the workplace;

- Prioritisation and integration of action plans with quantified targets to address those risks;

- Integration of actions to prepare for and respond to emergency situations;

- Evalulation of progress in reducing/preventing health issues/risks against targets;

- Procedures to investigate work-related injuries, ill health, diseases and incidents;

- OHS training provided to employees and/or other relevant parties to raise awareness and reduce operational lhealth and safety incidents

Refer to AGIG’s website for our Health and Safety Policy

OHS is an Australian legal requirement

Compliance with AGIG’s Zero Harm princicples is a mandatory requirement for all employees and contractors

AGIG’s Zero Harm Principles can be found here www.agig.com/au

Additional sector recommendations:

- Describe the approach to identifying stakeholders within local communities and to engage with them

- List the vulnerable groups that the organisation has indentified within the local communities

- List any collective or individual rights that the organisation has identified that are of particular concern for local communities

- Describe the approach to engaging with vulnerable groups, including:

- how it seeks to ensure meaningful engagement; and

- how it seeks to ensure safe and equitable gender participation

AGIG has partial alignment as detail below

Refer to section Affordable and Clean Energy (pages 31-37)

Further information on our Stakeholder Engagement activities can be found here (www.agig.com.au/stakeholder-engagement)

Energy Charter (www.agig.com.au/publications)

Additional sector disclosures:

Report the number and type of grievances from local communities identified, including:

- percentage of grievances that were addressed and resolved;

- percentage of grievances that were resolved through remediation

Management of material topics

Additional sector recommendations

- Describe the approach to engaging with affected vulnerable groups, including:

- how the organisation seeks to ensure engagement is meaningful;

- how the organisation seeks to ensure safe and equitable gender participatio

Additional sector disclosures:

List the locations of operations that caused or contributed to involuntary resettlement or where such resettlement is ongoing For each location, describe how peoples’ livelihoods and human rights were affected and restored

11-17

Management of material topics -

Additional sector recommendations

- Describe the community development programes that are intended to enhance positive impacts for indigenous peoples, including the approach to providing employment, procurement, and training opportunities

- Describe the approch of engaging with indigeous peoples, including:

- how the organisation seeks to ensure engagement is meaningful;

- how the organisation seeks to ensure indigenous women can participate safely and equitably

In 2023, AGIG delivered our Reflect RAP (pages 61-63)

A copy of our RAP can be found on the Reconciliation Australia website (www.reconciliation.org.au/reconciliation-action-plans/who-has-a-rap/)

Incidents of violations involving the rights of indigenous peoples

Additional sector recommendations

- Describe the identified incidents of violations involving the rights of indigenous peoples

Report if the organisation has been involved in a process of seeking free, prior and informed consent (FPIC) from indigenous peoples for any of the organisation’s activities, including, in each case:

- whether the process has been mutually accepted by the organisation and the affected indigenous peoples:

- whether an agreement has been reached, and if so, if the agreement is publicly available

Management of material topics -

Additional sector recommendations

- List the locations of operations in areas of conflict

- Describe the approach to ensuring respect for human rights by public and private security providers

11-20

Management of material topics -

Additional sector recommendations

- Describe how potential impacts of corruption or risks of corruption are managed in the organisation’s supply chain;

- Describe the whistleblowing and other mechanisms in place for individuals to raise concerns about corruption

Refer to Governance section n (pages 14 -19)

AGIG has a Fraud, Corruption, Misconduct Prevention and Whistleblowing Policy. We offer an independent whistle-blower service for staff to anonymously report any misconduct or unethical behaviour

Partial disclosure -

For the Executive Leadership Team and Senior Management Team, Procurement and Finance Teams Anti-corruption Training is mandatory. Training is refreshed every two years. We plan to progress our disclosures in this area in the coming years

Partial disclosure -

For the Executive Leadership Team and Senior Management Team, Procurement and Finance Teams Anti-corruption Training is mandatory. Training is refreshed every three years. We plan to progress our disclosures in this area in the coming years

Additional sector disclosures:

Describe the approach to contract transparency, including:

- whether contracts and licenses are made publicly and, if so, where they are published;

- if contracts or licenses are not publicly available, the reason for this and actions taken to make them public in the future

11-21

11-22

Management of material topics

Additional sector recommendations

- Describe the organisation’s stance on significant issues that are the focus of its participation in public policy development and lobbying; and any differences between these positions and its stated policies, goals, or other public positions;

- Report whether the organisation is a member of, or contributes to, any representative associations or committees that participate in public policy development and lobbying, including:

- the nature of this contribution

- any differences between the organisation’s stated policies, goals, or other public positions on significant issues related to climate change, and the positions of the representative associations or committees

The Boards and ESG Committees oversee management of climaterelated risks

The ESG report is an annual summary of performance against key ESG criteria and provides a publically available, published summary of committments and progress .

In 2023, we enhanced our governance process in relation to emissions management by implementing a formal Emissions Strategy. Further information on our Emissions Strategy Governance can be found on pages 14-17.

The ESG Committees were formed in 2022 and are informed on climaterelated matters through consultation with the Executive Leadership Team (ELT) and ESG Working Group on a regular basis.

The ESG Committees meet quarterly to assist the Board’s oversight responsbilities including:

- AGIG’s climate related risks and opportunities, through AGIG’s Corporate Risk Management Framework

- Integrating ESG into AGIG’s strategy.

- Development of ESG related objectives and policies

- Ensuring that AGIG has appropriate

ESG commitments in place, supported by adequate plans and resources to deliver against these ESG commitments

The Boards approve policies and procedures implemented for the ongoing identification and management of risks.

During 2023, the ELT provided regular reports to the Risk and Compliance Committee showcasing management and mitigation of identified risks for AGIG.

Working groups are formed as needed to monitor and assess performance against metrics and develop strategies to guide approaches going forward.

In 2022 we took our first steps towards full alignment with the TCFD recommendations. We reviewed our existing Stratetgic Risk Register (SRR) for overlaps with climate changerelated risks

We have identified climate risks and opportunities over the short (2030), medium (2050) and long term (2070) for both our distribution and transmissions businesses.

A climate risk and opportunity assessment was completed in 2023.

Given the useful life of gas distribution and transmission assets, AGIG considers that 2030, 2050 and 2070 are relevant short, medium and long term time horizons.

Scenario analysis to align with TCFD requirements was completed for 2030 and 2050 timelines, looking at the effect of climate change on physical operations and the business’s market positioning. The operational scenarios examined the effect of extreme weather on AGIG’s people, the effect of wet and windy conditions (characterised by extreme rainfull frequency and intesity) and hot and dry conditions (bushfire, smoke and extreme heat). Specific scenarios have been outlined in SDG 13 - Climate Action.

This analysis assisted us in evaluating the materiality of these risks and direct our strategic response to navigate the disruption of climate change. The physical and transitional risks opportunities identified during this process have been previously been captured by AGIG on our SRR. Where revelant, we have provided additional detail in relation to prevention and mitigating controls.

We will adopt the recommendation on climate-related financial disclosures by end of-2024

(With the disbandment of the TCFD framework ahead of the adoption of the relevant AASB standards. we remain committed to adopting climate related financial disclosures)

We acknowledge that we are exposed to both the physical and transitional risks of climate change

Being predominately underground, our infrastructure has inherent climate resilience. External influences, such as extreme temperatures, sea-level rise, bushfires or severe wind conditions, typically have a minimal impact on our assets.

The specific impacts that have been identified form the scenario analysis conducted for AGIG in 2023 and these findings will be incorporated into future planning for business activities.

Our Low Carbon Vision aims for 10% renewable gas (such as hydrogen and biomethane) in our distribution networks by no later than 2030, with full decarbonisation of our networks by 2040 as a stretch target and by no later than 2050. In our transmission and midstream assets, we will continue to develop infrastructure solutions for our customers, targeting net-zero by 2050. Notably, this Vision was made before the changes to the Safeguard Mechanism were announced. AGIG has also committed to an overall emissions reduction of 30% on 2020 levels by 2030.

Emissions reduction is being incorporated into business case development. We are developing an internal cost of carbon to support project development.

For our distribution businesses, we are maintaining network reliability and taking meaningful steps towards decarbonising our network.

Our Low Carbon Vision aims for 10% renewable gas (such as hydrogen and biomethane) in our distribution networks by no later than 2030, with full decarbonisation of our networks by 2040 as a stretch target and by no later than 2050.

In our transmission and midstream assets, we will continue to develop infrastructure solutions for our customers, targeting net-zero by 2050. We have also completed feasibility studies on blending hydrogen into the DBNGP.

We are continuing to evolve how we view climate change and understand that scenario analysis will provide us with the opportunity to assess the potential likelihood and magnitude of climate change related risks.

Updating risk and effect on assets, people and the public is regularly undertaken on our gas distribution and transmissions assets as part of our regulatory and standards requirements. Climate-related risk as it directly impacts the opertional part of the business is being captured as part of this process.

A Risk Management Annual Programme is outlined in the Corporate Risk Management Framework which timetables the interactions between the ESG Committee ELT and the Board.

Six monthly management reviews are conducted with ELT, an update of these reviews is provided to the Committees and Board.

The AGIG Corporate Risk Management Framework guides and standarises our risk management process. Risk identification and assessment is undertaken by risk owners, with assistance from the Assurance and Risk team.

AGIG is committed to the decarbonisation of the energy sector and the reduction of our greenhouse gas emissions.

In 2023, our Materiality Assessment identified the requirement to align to an additional United Nations Sustainable Development Goals (SDG) 5 - Gender Equality.

Futher information on our annual materiality assessment is outlined on page 16.

AGIG is committed to the decarbonisation of the energy sector and the reduction of our greenhouse gas emissions.

In 2023, our Materiality Assessment identified the requirement to align to an additional United Nations Sustainable Development Goals (SDG) 5 - Gender Equality.

Futher information on our annual materiality assessment is outlined on page 16.

AGIG’s Low Carbon Vision outlines our goal of achieving net zero Scope 1 and 2 Greenhouse Gas Emissions by 2050.

In 2023 we have set our interim Scope 1 and 2 emissions target of 30% reduction by 2030 based on a 2020 emissions baseline.

We report on Scope 1 and 2 emissions by business unit annually to the Clean Energy Regulator.

In 2023, we developed an emissions strategy. Further information can be found on page 16.

AGIG’s emissions targets and Low Carbon Vision, are aligned to the Gas Vision 2050 (www.energynetworks.com.au/ projects/gas-vision-2050/).

General Disclosures

2-1 Organisation details

Our Business, page 8

AGIG Website
Australian Gas Infrastructure Group is owned by a various consortia of private sector entities listed on the Hong Kong Stock Exchange. This includes CK Asset Holdings Ltd (CKA), CK Infrastructure Holdings Ltd (CKI), Power Assets Holdings Ltd (PAH) and CK Hutchinson Holdings Ltd (CKH), all part of the CK Group - a leading global investor in energy and infrastructure in the UK, Australia and other developed countries.

Entity reporting is outlined in the Data Tables, Appendices pages 02 to 03

2-6 Activities and workers

About AGIG (page 3)
Our Role (page 6)
Our Business (page 8)
AGIG Website www.agig.com.au/who-we-are

2-7 Employees

Governance

Strategy, policies and practices

Material Topics

11-2 Climate adaption, resilience, and transition

11-5 Waste

Occupational health and safety

Employment Practices

Non-discrimination and equal opportunity

Forced labor and modern slavery

Reporting on freedom of association and collective bargaining

Economic impacts

Local communities

Land and resource rights

11-17 Rights of indigenous peoples

Conflict and security

Anti-competitive behaviour

11-20 Anti-corruption

11-21 Payments to governments

11-22 Reporting on public policy