THE ENERGY TRILEMMA ENERGY SECURITY ENERGY EQUITY ENERGY SUSTAINABILITY $ ENERGY SECURITY Ensuring reliable and uninterrupted energy supply ENERGY EQUITY Providing a ordable and accessible energy for all ENERGY SUSTAINABILITY Minimizing the environmental impact of energy supply ENERGY SYMPHONICS A synchronized 2025-2030 strategy crafted to address the world’s Energy Trilemma by providing a reliable, aordable, and lower emission energy supply ENERGY TECH POWER CORPORRATE & CVC GAS MINING BANPU 2030: ENERGY SYMPHONICS STRATEGY THE ENERGY TRILEMMA ENERGY EQUITY: Committed to making energy affordable and accessible to all. Banpu focuses on fair energy distribution, keeping costs reasonable, and ensuring inclusive access to support socioeconomic growth. ENERGY SUSTAINABILITY: Minimizing environmental impact on energy supply through cleaner energy technologies and responsible resource management, aims to lower carbon emissions, invest in decarbonization-focused business. Banpu has recently announced a new strategic vision for 2030 called “Energy Symphonics,” which aims to drive the company’s transition toward sustainable energy. This strategy outlines an integrated approach, addressing the increasing global demand for energy while minimizing environmental impact. This strategy aims to address the energy trilemma by establishing new standards for energy that balance reliability, cost-effectiveness, and sustainability. ENERGY SECURITY: Ensuring a consistent and reliable energy supply, even amid disruptions. This involves building resilient infrastructure and adopting technologies to maintain stable energy flow for communities and economies. DECARBONIZATION: The strategy commits to achieving Net Zero emissions by 2050, with interim targets to reduce greenhouse gas emissions by at least 20% and ensure non-coal-related earnings contribute over 50% of consolidated EBITDA by 2030. This shift reflects a focus on cleaner energy sources, including natural gas, renewables, and energy-related services, supported by innovations like Carbon Capture, Utilization, and Storage (CCUS) and sustainable practices. The approach aims to balance environmental responsibility with long-term business growth. GAS-POWER-CCUS: The “Winning Formula” strategy combines natural gas production, gas-fired power generation, and advanced CCUS technology to deliver reliable, low-carbon energy solutions and ensure sustainable cash flow. Natural gas production serves as a cleaner alternative to fossil fuels, offering lower emissions and complementing the transition to renewable energy. Gas-fired power generation is crucial for providing stable, efficient baseload electricity with lower emissions, bridging the gap between current energy needs and renewable goals. While CCUS enhances environmental performance by capturing and storing carbon emissions, reducing carbon footprints and aligning with decarbonization objectives. The company introduces Carbon Sequestered Gas (CSG) products using captured carbon to create valuable energy opportunities while addressing the growing demand for low-carbon energy solutions and supporting new revenue streams. The integration of gas production, power generation, and CCUS creates a scalable model that meets present energy needs while capturing opportunities in the evolving energy landscape and reinforcing commitment to sustainable growth and decarbonization. NEXT-GEN MINING: The company is focusing on intelligent mining practices, integrating smart technologies and AI-driven solutions to optimize efficiency, reduce costs, and minimize environmental impact. Investments will be diversified toward strategic minerals critical for energy transition technologies and innovation, while also exploring infrastructure-as-a-business models through upgrades to ports and roads as potential revenue sources. The strategy includes no new coal mine investments, prioritizing emissions reduction through green energy solutions and nature-based solutions. These initiatives underscore a commitment to sustainable practices and align mining operations. RENEWABLES+: The company is aiming to expand its high-yield renewable energy portfolio, focusing on grid-scale solar and wind projects in the Asia-Pacific region. To address intermittency and enhance energy reliability, the company prioritizes investments in Battery Energy Storage Systems (BESS), which enable more flexibility in energy system that supports the electricity markets. The strategy integrates energy-related services like energy trading and distributed energy systems to support renewable growth. The approach uses carbon credits and downstream opportunities to support the company’s Net Zero goals, creating a scalable, reliable, and economically viable renewable energy ecosystem aligned with long-term sustainability objectives. The “Energy Symphonics” strategy aims for long-term value for shareholders while considering stakeholders and the environment, putting the company at the heart of the global energy transition. This vision is built around 4 core strategic areas consists of. Climate Change Report 2024 Climate Change Report 2024 10 11 Introduction Governance Strategy Risk Management Metrics & Targets Looking Ahead
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