GAS BUSINESS: The company engaged in the acquisition, operation and development of natural gas and NGL properties primarily located in the Barnett Shale in the Fort Worth Basin of Texas (the “Barnett”) and in the Marcellus Shale in the Appalachian Basin of Northeastern Pennsylvania (“NEPA”), committed to sustainable operations through net zero strategy with focus on reduction and offsetting of emissions from existing gas operations through CCUS* with the commitment to achieve Scope 1 and Scope 2 Net Zero by 2025. Remark: *Carbon Capture, Utilization, and Storage A leading Smart Energy Solutions aiming to become Net Zero solution provider in Asia-Pacific The energy technology solutions portfolios aim to support the transition to Net-Zero society with several core business groups consistingof Energy Storage Systems, Energy Trading, e-Mobility, andSmart Cities &EnergyManagement. The provided solutions are supported by a smart platform that equips the customers with the ease of real-time energy management via our digital platform and application, with continued development of ecosystem through acquisitions and partnerships to grow capabilities and operations. MINING BUSINESS: The company encompasses marketing, trading, and logistics of coal; however, the company is diversifying its portfolio by expanding into potential investments in strategic minerals. To facilitate this expansion, Banpu has established a dedicated investment team. This move aims to capitalize on the company’s existing strengths in highergrowth commodities. This includes diverse portfolios of quality thermal and renewable power plants. Aiming at providing excellence operational and financial performance with sustainable growth, targeting green energy portfolio investments in high-growth regions, and implementing a balanced approach to revenue generation through combination of long-termpower purchase agreement (PPA) andmaximizing value in the US merchant electricity market. Climate Change Report 2023 11
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