BANPU CLIMATE CHANGE REPORT 2024

Versatile Energy Company Building a balanced portfolio for a sustainable energy transition. ENERGY RESOURCES Mining Robust and Responsible Miner Natural gas Closed-loop Gas-based Energy Solutions CVC ENERGY GENERATION Thermal Power Unique Baseload Power Portfolio Renewable Quality Green Megawatts Solar Wind Empowering Innovation, Fueling the Future ENERGY TECHNOLOGY New S-Curve in Energy & Beyond E-mobility, EMS, Energy Trading, etc. Vertically-integrated Battery Player Battery Production, BESS Deployment, Battery Recycling Mongolia China Laos Vietnam United States of America Thailand Indonesia Australia Japan ABOUT BANPU MINING: A leading player in the mining industry, with mining operations in key markets, including Australia, China, Indonesia, and Mongol i a . The company i s committed to responsible mining prac t i ces , focus i ng on sa fe t y, envi ronmental stewardship, and efficient resource management. By ensuring a stable and reliable supply. NATURAL GAS: Through its subsidiaryBKVCorporation, Banpu has established a robust natural gas business in the U.S. This business is a critical part of the low-carbon strategy, delivering reliable, loweremission energy while generating strong cash flow. A key focus is on integrating natural gas production with innovative Carbon Capture, Utilization, and Storage (CCUS) technology, a “closed loop” approach that minimizes em i s s i o n s a n d s u pp o r t s t h e decarbonization efforts. The Energy Generation portfol io comprises thermal power plants and renewables portfolio. The Thermal power plants ensure a steady and reliable electricity supply, maintaining grid stability and meeting cons i stent demand . I ncreas i ng emphasis is being placed on Gas-fired power generation, which acts as a critical bridge in the transition to cleaner energy, del ivering stable, efficient, and lower-emission electricity to support energy security and advance low-carbon strategies. The renewables portfolio, including solar farms and wind farms, are being strategically developed across the Asia-Pacific region, forming a key component of a ba l anced and diversified energy mix. Together, baseload thermal, gas-fired, and renewable energy assets provide a resilient foundation to meet evolving g l oba l ene rgy demands wh i l e supporting decarbonization goals. Through the integration of Energy Resources, Energy Generations, and Energy Technology, aimed to emphasize on a sustainable energy transition, addressing the challenges of Energy Trilemma: Energy Security, defined as reliable and consistent energy supply; Energy Equity, ensuring affordable and accessible energy for all; and Energy Sustainability, focused on minimizing environmental impact. Investments are focused on advancing technologies to support the transition to Net Zero society across 5 key areas to support the evolving energy landscape. 1. Energy trading platform and energy storage project are being developed to enable more efficient and flexible energy management. 2. Solar solutions, including rooftop and floating solar projects, are being expanded to maximize renewable energy generation. 3. Smart cities andenergymanagement systems (EMS) aim to optimize energy use and enhance urban sustainability. 4. The vertically integrated battery business, encompassing battery production, deployment of Battery Energy Storage Systems (BESS), and recycling, supports energy storage and circularity. 5. E-mobility, such as ride-sharing p l a t f o rms and EV cha rg i ng infrastructure, are contributing to c l e a n e r a nd mo r e effic i e n t transportation. These initiatives collectively drive scalable energy solutions, aligning with Net Zero goals and fostering a sustainable future. 1 ENERGY RESOURCES: 2 ENERGY GENERATION: 3 ENERGY TECHNOLOGY: Climate Change Report 2024 Climate Change Report 2024 8 9 Introduction Governance Strategy Risk Management Metrics & Targets Looking Ahead

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