The Executive Leadership Team (ELT) manages climate-related risks and opportunities and drives the business in implementing climate-related plans, including: 

• Reviewing and approving GHG pricing forecasts for inclusion in our long-range planning and project authorization reviews. 
• Supporting climate-related Variable Compensation Incentive Plan milestones. 
• Reviewing the GHG emissions long-range plan and peer analysis. 
• Approving plans for advancing low-carbon technologies and transition opportunities. 

The Executive Vice President (EVP), Strategy, Sustainability and Technology, who reports to the chief executive officer, has overall accountability for corporate planning and development, including corporate strategy and long-range planning. The EVP, Strategy, Sustainability and Technology, has ultimate responsibility for climate risk management and the implementation of our net-zero ambition. The SVP, Government Affairs is responsible for government engagement and advocacy on climate-related public policy. In addition, the Sustainability and Public Policy Executive Council (SPEC), a subcommittee of the Executive Leadership Team, leads global oversight of existing and emerging sustainable development and public policy risks including climate change.

Members of SPEC met five times during the year for detailed briefing and discussion on emerging climate-related issues, strategic priorities and the Climate Risk Strategy. Examples of climate-related issues reviewed by SPEC during 2022 include: 

• SD report highlights, reporting landscape overview and assurance process updates. 
• Our external collaboration with the Ceres Investor Network-led E&P Net Zero Principles Roundtable and our financial sector engagement strategy. 
• Review of climate-related shareholder resolutions and proposed revisions to ESG milestones within the Variable Cash Incentive Program. 
• Net-zero governance process and review of SD priorities for 2023.

Climate-related risks are communicated and integrated into strategy through the SD risk management process and ERM system. Climate-related risks from the corporate SD Risk Register are mapped to relevant enterprise risks. Owners of these enterprise risks, who are ELT members or senior managers, are briefed on the risks and our mitigation activities. Enterprise risks are then presented to the Audit and Finance Committee of the board. The climate-related risk category is managed by the SD team; the EVP, Strategy, Sustainability and Technology and SVP, Government Affairs are jointly accountable for this risk.