About our disclosures

Our sustainability disclosures are intended to provide information on sustainability‑related risks and how they are managed across our business. While these global sustainability disclosures are voluntary, we are also subject to various jurisdictional sustainability and climate-related disclosure requirements around the world.

Reporting framework

Our voluntary sustainability disclosures are prepared with directional alignment to the investor‑focused framework developed by the International Sustainability Standards Board (ISSB) and the related recommendations of the Task Force on Climate‑related Financial Disclosures (TCFD). In practice, we use the structure and concepts of IFRS Sustainability Disclosure Standards S1 (General Requirements) and S2 (Climate-related Disclosures) to inform how we organize topics and present governance, strategy, risk management, and metrics and targets. 

Reporting methodology and boundary

Sustainability reporting covers our operated and, where specified, net‑equity activities for the period from January 1 to December 31, 2025. We prepare and present data using established internal processes and methodologies. Sustainability‑related processes, governance documents and performance metrics are reported at the corporate level, with business unit (BU) data consolidated through standardized collection and review procedures. Reporting boundaries reflect our operational control unless otherwise noted, and updates arising from portfolio changes are addressed in the relevant sections.

Approach to materiality

Our sustainability disclosures are informed by a materiality assessment that identifies and prioritizes sustainability risks and opportunities consistent with the ISSB materiality definition. The assessment applies defined time horizons and evaluates potential financial consequence severity and likelihood of occurrence using a structured approach that incorporates both qualitative and quantitative factors and judgment. Material topics guide our disclosures and are integrated into our enterprise planning processes.

Sustainability disclosures

Our sustainability disclosures are designed to complement the information contained in our annual financial filings. Sustainability topics that intersect with financial reporting, such as climate‑related risks, are also discussed in our Annual Report and Form 10‑K filed with the U.S. Securities and Exchange Commission. These financial statement disclosures provide additional detail on matters such as greenhouse gas (GHG) regulations and climate‑related risks, and other operational or regulatory uncertainties relevant to our business. Our sustainability disclosures expand on these topics by providing broader context. Together, our disclosures offer a connected view of sustainability risks and opportunities across our enterprise. 

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