INDUSTRYASSOCIATIONREVIEW
ALIGNMENT ON
CLIMATE 2023

ACKNOWLEDGING COUNTRY
Woodside recognises Aboriginal and Torres Strait
Islander peoples as Australia’s First Peoples. We
acknowledge their connection to land, waters and theenvironment and pay our respects to ancestors andElders, past and present. We extend this recognition
and respect to First Nations peoples and communities
around the world.

—
Woodside employee outside the Pluto Remote
Operations Centre.

Introduction
At Woodside, we provide the reliable and affordable energy that helps people leadbetter lives. Our response to climate change is integrated throughout our company
strategy to thrive through the energy transition.
Our climate strategy contains two key elements:• Reducing our net equity Scope 1 and 2 greenhouse gas
emissions; and• Investing in products and services for the energy transition.
Woodside expects natural gas to have a sustained role in theenergy transition. We are working to diversify our portfolio
by adding new products and services alongside our existingproducts, where we believe we have competitive advantage tosupply them successfully through the energy transition.
We acknowledge that not everyone shares our view, and that
disagreement can lead to constructive debate. We strive toengage in meaningful dialogue with industry, governments,
communities and our investors.
Woodside makes its views known through public statements,
including executive speeches, public submissions anddocuments released on stock exchanges where we are listed. For
more information about our response to climate change and theenergy transition, please see our Climate Transition Action Plan
available on our website at woodside.com.
Woodside is a member of industry associations across the globe.
These associations serve as a collective voice in their jurisdictions
and as a forum for sharing knowledge and insights. They also
play a key role in developing and implementing policy, standards
and regulation across a range of areas relevant to the energy
sector. Active participation in these associations can support our
climate approach and contribute to well-designed climate policy.

Most of the industry associations of which we are a member
have been assessed as aligned with our climate and energy
transition-related criteria.
Where we have identified misalignment, we intend to workwith the relevant organisation to influence change and continue
to monitor and review their activities. If we conclude that wecannot achieve an acceptable alignment we will review, andconsider ceasing, our membership.
Section 1 of this document explains our internal governanceprocess for managing industry association memberships and theongoing monitoring which takes place. These processes allow us
to evaluate associations’ alignment with our business priorities toensure they provide value for Woodside.
Section 2 summarises the ﬁndings of this year’s climatealignment review and outlines our approach to working withassociations. A summary table of these findings can be found on
the next page.
Section 3 highlights affiliations with research organisations andother associations which help progress new energy and lower
carbon solutions. These memberships provide Woodside withthe ability to collaborate with experts and business leaders that
help us meet our own climate ambitions.

—
Woodside employee on site.

As we work to address the need for effective and responsible
climate policy, we will continue to engage policymakers andcollaborate with industry associations to inform and shapesolutions that support the global energy transition.
Given the importance of the energy transition to Woodside, we
aim to ensure that the positions and activities of the associations
we join are aligned with our stated Climate Policy, and the goalsof the Paris Agreement.
We are transparent about Woodside’s memberships andregularly review them. This report summarises the ﬁndings of our2023 review of material industry association memberships andtheir alignment to our climate approach. It is the first publishedreview since the completion of the merger between Woodsideand BHP’s petroleum business in June 2022.

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INDUSTRY ASSOCIATION REVIEW ALIGNMENT ON CLIMATE 2023

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OVERVIEW OF ALIGNMENT WITH WOODSIDE’S CLIMATE APPROACH
Industry Association

RegionAlignment

Australian Energy Producers

Australia

Aligned

Australian Hydrogen Council

Australia

Aligned

Australian Industry Greenhouse Network

Australia

Aligned

Australian Institute of Petroleum

Australia

Aligned

Australian Pipelines and Gas Association

Australia

AlignedBusiness Council of Australia

Australia

AlignedChamber of Commerce and Industry Western Australia

Australia

AlignedChamber of Minerals and Energy of Western Australia

Australia

AlignedAmerican Petroleum Institute

United States

AlignedNational Ocean Industries Association

United States

AlignedAMEXHI

MexicoAlignedAsia Natural Gas & Energy Association

Asia Pacific

AlignedCanadian Association of Petroleum Producers

CanadaAlignedH2KOREASouth Korea

AlignedHydrogen Council

GlobalAlignedInternational Association of Oil and Gas Producers

GlobalAlignedInternational Gas Union

GlobalAlignedEnergy Chamber of Trinidad & Tobago

Trinidad and Tobago

Mostly aligned

Louisiana Mid-Continent Oil & Gas Association

United States

Mostly aligned

Petroleum Alliance of Oklahoma

United States

Partly aligned

Summary—
Woodside employees at Mia Yellagonga.

2

1

17
Key
AlignedMostly aligned
Partly aligned

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SECTION 1

Reviewing our memberships
Woodside has an internal governance process that manages ourglobal industry association memberships.
This includes a process to approve and record our joining of new
associations, and annual review of current memberships thattakes into account associations’ policies and activities.

Woodside’s Board’s Sustainability Committee reviews a summaryof our involvement with industry associations every year.

Our governanceprocess:

Opportunity to join an
association or renew an active
membership

Opportunity reviewed
to assess alignment withWoodside business objectives,
policies and value delivery of
the membershipIf approved, membershipis recorded in internalregister which prompts
periodic review

Summary of memberships
reviewed annually by
Executive Leadership Teamand Board’s Sustainability
Committee

If a material difference is
identified which cannot be
addressed, consider ceasing
our membershipIf misalignment is identified,undertake engagement to
influence an association’s
positioning to better reflect
Woodside’s positioning

Monitoring of active
memberships undertaken by
Woodside’s association focal
pointsAs part of our yearly review of industry association
memberships, in 2023 we continued to focus on alignmentof climate positions of relevant associations. This reportsummarises these findings.

SELECTING ASSOCIATIONS
We reviewed all of Woodside’s industry association memberships
using an assessment process that considered each association’s
activities, degree of influence regarding climate advocacy, andpotential for misalignment. This process assessed the following
associations to be the most material in relation to climate
advocacy and, on this basis, they were selected for detailed review
and public disclosure:• American Petroleum Institute• AMEXHI• Asia Natural Gas & Energy Association• Australian Energy Producers

5

If a membership no longer supports business priorities, or amaterial misalignment is identiﬁed that cannot be addressed
through engagement, Woodside will consider ceasing themembership.

INDUSTRY ASSOCIATION REVIEW ALIGNMENT ON CLIMATE 2023

• Australian Hydrogen Council• Australian Industry Greenhouse Network• Australian Institute of Petroleum• Australian Pipelines and Gas Association• Business Council of Australia• Canadian Association of Petroleum Producers• Chamber of Commerce and Industry Western Australia• Chamber of Minerals and Energy of Western Australia• Energy Chamber of Trinidad & Tobago• H2KOREA• Hydrogen Council• International Association of Oil and Gas Producers• International Gas Union• Louisiana Mid-Continent Oil & Gas Association• National Ocean Industries Association• Petroleum Alliance of Oklahoma

WOODSIDE ENERGY GROUP LTD

ASSESSING POSITIONS
Woodside’s Climate Policy sets out our objective to thrive
through the energy transition as a low cost, lower carbon energy
provider.
Woodside aims to achieve this objective by:• Setting science-based1 near, mid, and long-term net emissions
reduction targets that are consistent with Paris-aligned2
scenarios, covering equity scope 1 and 2 emissions, both
operated and non-operated.3• Developing and operating oil and gas projects in a mannerthat is consistent with these targets. This includes the
deployment of lower emission technologies (Design Out),supporting efficient operations (Operate Out) and use ofrobust offsets (Offset) as methods to reduce and offset
greenhouse gas emissions.
• Investing in new energy products and lower carbon services
to reduce customers’ emissions (part of Woodside’s Scope 3
emissions), including but not limited to hydrogen, ammonia
and carbon capture, utilisation and storage (CCUS).
• Publishing transparent climate-related disclosures aligned to
the recommendations of the Task Force on Climate-related
Financial Disclosures or other recognised global reporting
standards.
• Aligning our advocacy to the principles of our Climate Policy.
Woodside reviews each association’s recent policies, principles,
public statements, media reports and position papers todetermine their alignment with Woodside’s climate positioning.

If an association does not have sufficient relevant publicly
available information on their climate positioning, we engage
the Woodside representative that regularly interacts with theassociation to seek clarity on its positioning to appropriately
determine its alignment status.
An organisation’s alignment is determined by the number ofcriteria that we determine to be met by the evidence assessed inour review:• Aligned: 3 of 3 statements are evidenced for an organisation.
• Mostly aligned: 2 of 3 statements are evidenced for an
organisation.
• Partly aligned: 1 of 3 statements are evidenced for an
organisation.
• Misaligned: 0 of 3 statements are evidenced for an
organisation.

ADDRESSING MISALIGNMENT
If a misalignment is identiﬁed, we review the signiﬁcance of theissue and the potential scope Woodside has to influence theassociation. Where possible, we will seek to shape the policy
direction of the association through constructive engagement
and advocate for stronger alignment with our climate
positioning.
If after a period of time the misalignment has not beenaddressed, we will consider ceasing our membership of theassociation.

LIMITATIONS OF REVIEWThis review and its findings are reflective of Woodside’s views only.

We do this based on three criteria, namely
whether an association’s stated positions
and activities:

1

Are consistent with the Paris Agreement;

2

Help manage the social and economic
costs of the energy transition;

3

Support decarbonisation and emissions
reduction technologies throughadvocacy, best practice development
and/or deployment.

We endeavour to provide a fair summary of the positions taken
by industry associations but recognise that this analysis involves
interpretations and judgement.
By measuring alignment against the three criteria, we also
acknowledge it is possible that there may be divergence on
issues that sit outside the scope of this review.

1. Woodside is using the draft Prototype IFRS Sustainability Disclosure Standard definition of “science-based” (published 2021) which states “targets are considered ‘science-based’ if they are in linewith what the most recent climate science sets out is necessary to meet the goals of the Paris Agreement—limiting global warming to below 2 degrees Celsius above pre-industrial levels and pursuingefforts to limit warming to 1.5 degrees Celsius.”. See https://www.ifrs.org/content/dam/ifrs/groups/trwg/trwg-climate-related-disclosures-prototype.pdf (Appendix A).
2. Woodside is using the draft Prototype IFRS Sustainability Disclosure Standard definition of “Paris-aligned scenarios” (published 2021) which states “scenarios consistent with limiting global warming
to below 2 degrees Celsius above pre-industrial levels and pursuing efforts to limit warming to 1.5 degrees Celsius.” See https://www.ifrs.org/content/dam/ifrs/groups/trwg/trwg-climate-relateddisclosuresprototype.pdf (Appendix A).
3. Equity emissions means the share of the total emissions arising from an activity that are attributable to Woodside in proportion to Woodside’s ownership interest in the activity, irrespective ofwhether Woodside operates the activity. Operated emissions are the total emissions arising from an activity that Woodside operates, irrespective of Woodside’s ownership interest.

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SECTION 2

Findings from our Industry
Association Review
Our review assessed the climate positions of 20 industry associations active inclimate advocacy. These associations were prioritised based on their activities,
degree of influence regarding climate advocacy, and potential for misalignment.
A summary evaluation of each selected association’s alignment with Woodside’s
climate position can be found below.
Aligned(3 of 3 statements evidenced)

Australia
Industry Association

Australian Energy Producers

Overview

Australian Energy Producers (AEP), formally the Australian Petroleum Production and Exploration Association, has about
200 members, comprising oil and gas explorers and producers active in Australia and companies providing goods andservices to those explorers and producers. Its member companies produce around 95 per cent of Australia’s oil and gas.
Woodside’s CEO is the Chair of the AEP Board of Directors and we participate in multiple working groups.

Criteria 1
Criteria 2

The association supports net zero across the economy by 2050, consistent with the objectives of the Paris Agreement andthe commitments of the Australian Government. It believes that gas is pivotal to achieving net zero in Australia and theregion, while it supports the transition away from coal and powers industries, including the processing of critical minerals.1

Criteria 3

A policy priority of AEP includes the development of a national CCUS roadmap. This is to provide policy direction andconsistent regulatory frameworks, support collaboration to ensure CCUS and carbon removal technologies are available
across the economy, identify and advance priority hubs for CCUS, low-carbon hydrogen and hard-to-abate industry, anddemonstrate Australia’s viability as a regional CO2 storage hub.1

Australian Hydrogen Council
Overview

The Australian Hydrogen Council (AHC) is the peak body for Australia’s hydrogen industry, with more than 100 members
from across the hydrogen value chain. The AHC’s strategic goals include advocating for policy settings that accelerate
Australia’s move towards clean and renewable hydrogen technologies, and supporting collaboration within the industry
and with governments, academia and the public.

Criteria 1
Criteria 2

While there is not a direct published statement of AHC support for the Paris Agreement, it has provided public support fornet zero targets. For example, in 2021 AHC advocated for the Australian Government to establish a net zero fund, arguingthat acceleration of government policy can help Australia reach net zero faster. It also supported emissions reductions andthe target set in the NSW Energy Package between the New South Wales and Australian governments.2,3

Criteria 3

AHC supports the transition to a clean energy mix and advocates for decarbonising transport and industry through the
expanded adoption of hydrogen, which it sees as playing an important role in the decarbonisation of hard-to-abate sectorsof Australia’s economy. Two of its core policy positions focus on building the economic and social licence of the Australianhydrogen industry.4,5

1. AEP, 2024. “Supporting Net Zero”.
2. AHC, 2021. “Hydrogen peak body urges Australian Government to establish Net Zero Fund”, pp.1-2.
3. AHC, 2021. “AHC Pre Budget Submission Aust Govt”.
4. AHC, 2023. “Policy and Regulation”.
5. AHC, 2023. “Policy and Regulation”.

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Australian Industry Greenhouse Network
Overview

The Australian Industry Greenhouse Network (AIGN) provides a collaborative industry forum for focused climate change
policy discussion, delivering analysis in the consideration of local, national, and international climate change policy and theimportant role industry plays in the transition to net zero emissions by 2050.

Criteria 1

AIGN has provided a statement of support for the Paris Agreement, welcoming the growing commitments of theAgreement parties, individual corporations, and associations to the global goal of net zero by 2050 or sooner.1

Criteria 2

AIGN’s climate change policy principles seek to establish a sound framework for Australian policy development. These
principles envisage a global agreement that imposes on the Australian community costs that are comparable to the costs
expected to be borne in countries with similar wealth.2

Criteria 3

AIGN has formally and informally contributed to policy reviews on emissions reporting, abatement, technology, climatechange strategy and emissions caps, project approvals, international policy, and other related climate change matters suchas independent research projects.3

Australian Institute of Petroleum
Overview

The Australian Institute of Petroleum (AIP) was formed in 1976 to promote industry self-regulation and an effective
dialogue between the oil industry, government and the community.
Woodside is an associate member of AIP, provided through our membership of the Australian Marine Oil Spill Centre.

Criteria 1

AIP and member companies support government efforts to reduce Australia’s emissions, including through commitments
to the Paris Agreement and to net zero by 2050.4

Criteria 2

The institute notes the challenge of providing reliable and affordable energy while reducing environmental impacts andresponding to the risks and challenges presented by climate change. It states that government policy responses must
therefore consider these challenges collectively in a manner that is both integrated and harmonised, and seeks to promote
innovation and development of cost-effective technology to reduce greenhouse gas emission.4

Criteria 3

AIP and member companies are committed to meeting society’s energy needs while helping to develop and deliver
solutions that contribute to reducing greenhouse gas emissions, both in their own operations and in other sectors. This
includes the production of fuels that enable the introduction of more efficient engine technologies to improve energy
efficiency and thereby reduce carbon emissions in the transport sector.4

Australian Pipelines and Gas Association
Overview

The Australian Pipelines and Gas Association (APGA) is the peak body representing Australasia’s pipeline infrastructure.
APGA members include constructors, owners, operators, advisers, engineering companies and suppliers of pipeline
products and services.

Criteria 1

The Gas Vision 2050 Statement, released by Energy Networks Australia and APGA, expresses a commitment to lowering
carbon emissions in line with the aims of the Paris Agreement.5,6

Criteria 2

The association is committed to its climate ambitions, however recognises the energy trilemma of reducing emissions
while ensuring reliable and affordable energy. It points to studies that show gas powered generation with emission offsets
enables the achievement of a net zero electrical system sooner and cheaper than other approaches.6

Criteria 3

APGA believes there are many technologies to reduce emissions including energy efficiency and carbon offsets, however,to achieve net zero APGA states the fuel itself needs to be replaced. The three available pathways it proposes to achieve
this are bio and renewable methane, hydrogen and direct electriﬁcation.7

Business Council of Australia
Overview

The Business Council of Australia (BCA) represents Australia’s largest employers, advocating for good policy on behalf ofthe business community and the Australians they employ. BCA actively collaborates with other community and businessgroups, political leaders at all levels of government and engages directly with the community to achieve its vision andpurpose.

Criteria 1

In the association’s 2023-2024 policy platform, BCA lists Australia’s goal of achieving net zero emissions by 2050, includinga 2035 target, as an advocacy priority. This is through a managed transition that drives investment in new technologies,
the development of new export industries, preservation of energy security and affordability, and supporting regions andcommunities.8

Criteria 2

In 2023 BCA stated in a submission that the government has an important role for the nation to navigate an orderlytransition to a net zero economy, as it can provide the level of coordination and integration required across the economy
and community.9

Criteria 3

It has also provided advocacy for decarbonisation by providing a response to the Climate Change Authority’s Issue Paper:
Setting, tracking and achieving Australia’s emission reduction targets.9

1. AIGN, 2023. “AIGN Policy Principles”.
2. AIGN, 2010. “Climate Change Policy Principles”
3. AIGN, 2023. “Annual Report 2022/2023”, pp. 10.
4. AIP, 2021. “Climate Change Policy Position”, pp. 1-2.
5. APGA, 2022. “Gas Vision 2030”, pp. 1.

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6. APGA, 2023. “APGA Climate Statement”.
7. APGA, 2022. “Gas Vision 2030”, pp. 4.
8. BCA, n.d.. “Our Work, 2023-2024 policy platform”, pp. 2.
9. BCA, 2023. “Climate Change Authority - Setting, tracking and achieving Australia’s emissions
reduction targets (Issues Paper)”.

WOODSIDE ENERGY GROUP LTD

Chamber of Commerce and Industry Western Australia
Overview

The Chamber of Commerce and Industry Western Australia (CCIWA) is a business body representing a broad membershipon a range of issues affecting Western Australian businesses.
Woodside’s Executive Vice President Marketing & Trading sits on CCIWA’s Board and we participate in initiatives led by the
association.

Criteria 1
Criteria 2

CCIWA supports Australia’s commitment to the Paris Agreement and government policies that are consistent with meeting
its objectives. It also recognises the role it has to play in empowering and educating businesses to help advance theirclimate change agendas.1

Criteria 3

In a 2023 submission to the National Hydrogen Strategy Task Force, CCIWA highlighted the opportunities and challenges
for Australia to develop a hydrogen industry and also put forward a potential case for Western Australia to be central in the
global hydrogen economy.2,3Chamber of Minerals and Energy of Western Australia
Overview

The Chamber of Minerals and Energy of Western Australia (CME) is the leading advocate for the resources sector inWestern Australia. CME leads policy development on issues impacting the sector, promotes the value of the sector to thecommunity, and provides an avenue for members and stakeholders to collaborate.
Woodside’s Executive Vice President Corporate Services sits on CME’s Advisory Board and Executive Council and weparticipate on a range of committees and working groups.

Criteria 1
Criteria 2

CME supports the Paris Agreement and its goal of limiting global warming through the reduction of emissions no later
than by 2050, to well below 2 but preferably to 1.5°C. It also advocates for a sustainable development approach to climatechange policy including the transition to net zero. This includes a framework that balances the social, economic andenvironmental perspectives to achieve a just transition.4

Criteria 3

CME advocates for a government coordinated approach that ensures investment in a range of technologies such as carbon
sequestration and energy efficiency.4

United States of America
American Petroleum Institute
Overview

The American Petroleum Institute (API) represents all segments of America’s natural gas and oil industry, with nearly 600
members who produce, process and distribute the majority of America’s energy.
Woodside is a member of API. Our CEO sits on the Board of Directors and staff are on multiple working groups andcommittees.

Criteria 1

API has developed a Climate Framework in which it acknowledges the Paris Agreement. The association also endorses
an economy wide price on carbon and believes it to be the most impactful policy for emission reductions, while also
recognising the prevalence of discussions around sector-speciﬁc policies.5

Criteria 2

API supports fuel and technology neutral approaches to addressing emissions in the electricity sector. It believes that any
Clean Energy Standard under consideration should include gas and recognise the beneﬁts gas provides to an increasingly
lower-carbon electricity grid.5

Criteria 3

The association supports signiﬁcant increases in United States Congressional funding of research on a range of low or zerocarbon technologies including CCUS and hydrogen fuel development.

National Ocean Industries Association
Overview

The National Ocean Industries Association (NOIA) serves the offshore oil, gas, wind and ocean minerals industries andaims to unite and advance the business and professional interests of its members and the industry.

Criteria 1

NOIA’s climate change position and principles are broadly aligned with Woodside’s climate approach, including support for
the Paris Agreement and acknowledgement of the role of authorities in climate science including the Intergovernmental
Panel on Climate Change.6

Criteria 2

NOIA has expressed its aim to contribute solutions and best practices to optimally balance societal and environmental
needs for meeting the climate challenge.7

Criteria 3

NOIA views the offshore energy industry in the Gulf of Mexico as a lower-emissions domestic solution for United States oil
and gas supply, compared to onshore and imported supply. It is also active in promoting the role of offshore wind in the
future energy mix.8,9

1. CCIWA, 2022. “Climate Change CCIWA Position Statement”, pp. 2.
2. CCIWA, 2019. “CCIWA Submission to The National Hydrogen Strategy Task Force”.
3. CCIWA, 2024. “Energy Resources”.
4. CME, 2024. “Climate Change”.
5. API, 2021. “The Climate Action Framework”, pp. 19-21.

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6. NOIA, n.d.. “Offshore Energy: NOIA Climate”.
7. NOIA, 2023. “NOIA ESG Network 2023 Report”, pp. 5.
8. NOIA, n.d.. “Environmental & Climate Performance”.
9. NOIA, 2024. “NOIA ESG Network 2024 Report”, pp. 31-35.

WOODSIDE ENERGY GROUP LTD

MexicoAMEXHI
Overview

AMEXHI is a non-proﬁt civil association that brings together investors and operators of oil and gas in Mexico. The
association currently has 31 members operating in the country under hydrocarbon exploration and production contracts
signed with the Mexican State.
Woodside is a standard member of AMEXHI and participates on multiple working groups throughout the year.

Criteria 1

AMEXHI has published releases that mention the Paris Agreement, one particularly focused on the role of oil and gas inachieving Paris targets. This also called for increasing access to energy including responsibly produced energy sources.1

Criteria 2

AMEXHI has an approach to sustainability which is described through the format of the United Nations Sustainable
Development Goals. The commitments are mainly associated with the 17 Sustainable Development Goals for 2030, which
includes items such as economic development, environmental protection and the reduction of greenhouse gases, and thestrengthening of local content and technology transfer.2

Criteria 3

Member companies of AMEXHI are committed to respecting the environment and implementing measures that reduce thecarbon footprint of their operations and extracted products. Some of these strategies include the reduction of pollutant
emissions, investment in alternative sources of energy, and research and development focused on fuel efficiency.2

Asia PacificAsia Natural Gas & Energy Association
Overview

The Asia Natural Gas & Energy Association (ANGEA) represents energy producers, buyers, suppliers and companies in the
Asia Paciﬁc. It works as an advocacy body to help ensure the role of gas alongside renewables in the region’s energy mix.
Woodside’s Executive Vice President Marketing & Trading sits on the Board and we participate in association working
groups and initiatives.

Criteria 1
Criteria 2

ANGEA aims to work with governments and policymakers to help them achieve global climate goals as established by theParis Agreement, while acknowledging country specific requirements. The association also recognises that gas serves a
key role as an affordable, reliable transition fuel in the Asia Pacific that allows demand to be met while progress continues
towards achieving emissions reductions targets.3,4

Criteria 3

ANGEA is a supporter of Carbon Capture and Storage (CCS) and has published a whitepaper outlining ten generalconditions to support the deployment of the technology at scale. These conditions include a carbon market or ﬁnancial
incentive mechanism, cross-border transport considerations, and access to land and pore space for underground geologic
storage.5

CanadaCanadian Association of Petroleum Producers
Overview

The Canadian Association of Petroleum Producers (CAPP) is a non-partisan, research-based industry association that
advocates on behalf of its member companies, large and small, that explore for, develop, and produce oil and natural gas
throughout Canada.
In Woodside’s 2020 Industry Association review, CAPP was identified as having ‘some misalignment’ with Woodside’s
climate positioning, including insufficient support across CAPP’s positions and advocacy to identify endorsement of Paris
Agreement goals, and we decided to discontinue our membership due to business priorities. Through the merger with
BHP’s petroleum business, we regained membership and have reviewed its positions on climate.

Criteria 1

In November 2021, CAPP issued a statement ahead of COP26 outlining a commitment to work collaboratively withgovernments to meet emissions reduction goals consistent with the ambitions of the Paris Agreement. Support for theParis Agreement remains part of CAPP’s climate commitment.6,7

Criteria 2

CAPP aims to engage in a constructive, solutions-focused dialogue with government and other stakeholders to develop
policies that achieve emissions reduction in the most efficient and cost-effective way, while having the least impact onsociety.6

Criteria 3

In its climate policy development, the association acknowledges that considerable investment in technology andinnovation at scale will be needed, such as CCS, which will provide emissions reduction opportunities for industries while
helping to meet growing energy demand.6

1. AMEXHI, 2021. “The natural gas and oil industry is key to achieving the goals of the Paris Agreement”.
2. AMEXHI, 2023. “Sustainability”.
3. ANGEA, 2021. “Climate Awareness”.
4. ANGEA, 2021. “Natural gas as a transition fuel”.
5. ANGEA, 2023. “Carbon Capture and Storage in Asia”, pp. 11.
6. CAAP, 2024. “Industry’s Climate Commitment”.
7. CAPP, 2021. “CAPP and Energy Associations from Around the World Call on COP 26 Delegates to Recognize the Necessary Role of the Natural Gas and Oil Industry in Meeting the Goals of the Paris
Agreement”.

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South Korea
H2KOREA
Overview

H2KOREA was launched with the aim of leading the global hydrogen industry and supporting early achievement of alow-carbon hydrogen economy and society. It aims to develop hydrogen-related industries by gathering the capabilities ofrelated ministries and agencies, and improving policies and systems to promote the distribution of hydrogen by the private
sector.

Criteria 1
Criteria 2

While there is no speciﬁc mention of the Paris Agreement on H2KOREA’s website, the association’s statement on climatechange highlights the natural and human consequences of climate change, and the global consensus on the need toreduce greenhouse gas emissions through setting of emissions reduction targets.1

Criteria 3

In a joint statement of hydrogen industry associations calling for action at the COP26 summit, H2KOREA’s Chairman called
for an accelerated transition to a hydrogen economy with the goal of realising net zero.2

International
Hydrogen Council
Overview

The Hydrogen Council launched at the World Economic Forum in Davos in January 2017. Comprised initially of 13 leadersfrom the energy, transportation and manufacturing sectors, the Council now includes close to 150 multinational companies
representing the entire hydrogen value chain.

Criteria 1
Criteria 2

The Council’s website includes a clear statement of support for the Paris Agreement, noting that the founding purpose of
the group was to help limit global warming to 2°C, in accordance with the target set by the Paris Climate Agreement in2015, and to share its vision and goals regarding the use of hydrogen as an accelerator of the energy transition.3

Criteria 3

The Council believes that hydrogen has a key role to play in reaching global decarbonisation goals by helping to diversify
energy sources worldwide, foster business and technological innovation as drivers for long-term economic growth, anddecarbonise hard-to-abate sectors.3

International Association of Oil and Gas Producers
Overview

The International Association of Oil and Gas Producers (IOGP) acts as a global voice for the oil and gas industry, aiming forexcellence in safe, efficient, and sustainable energy supply and being an enabling partner for a low-carbon future. IOGP’smembers supply more than 40% of the world’s oil and gas demand. It acts as a forum for sharing good practices in theareas of safety, health, environment, engineering and industry and energy transitions.

Criteria 1

IOGP argues it is vital that the oil and gas industry works to reduce emissions and help the world reach the Paris
Agreement objectives.4

Criteria 2

IOGP notes that as society moves towards a low carbon future, the oil and gas industry will be responsible for meeting theplanet’s basic energy needs and creating a world where everyone has access to clean, reliable, and affordable energy.4

Criteria 3

It aims to help the oil and gas industry accelerate the implementation of low carbon projects and operations, including
through support for transformative lower-carbon technologies for new and existing assets.4

International Gas Union
Overview

The International Gas Union (IGU) represents the global gas industry with more than 150 members in over 80 countries,
covering over 90% of the global gas market. The working organisation of IGU covers the complete gas value chain, fromthe supply of natural and decarbonised gas, renewable gas and hydrogen, through their transmission and distribution, andto the point of use.

Criteria 1

The IGU supports the Paris Agreement, Nationally Determined Contributions to reduce greenhouse gas emissions, andstates that it is committed to the signiﬁcant decarbonisation of the global energy system.5

Criteria 2

The IGU seeks to collaborate with government agencies and multilateral organisations to demonstrate the economic,
social and environmental beneﬁts of gas in the global energy mix. It supports and facilitates the development of newtechnologies and best practices, while emphasising sound environmental performance, safety, reliability and efficiency
across the entire value chain.6

Criteria 3

In 2021 the IGU, in partnership with the Oxford Institute for Energy Studies (OIES), released its inaugural Global Renewable
and Low-Carbon Gas Survey Report. IGU, together with OIES and other partners, created this renewable gas databaseproject to track development of low-carbon and renewable gas supply around the world.6

1. H2Korea, 2017. “What & Why”.
2. H2Korea, 2021. “Global hydrogen industry groups united in call for action at COP26 summit”.
3. Hydrogen Council, 2024. “Founding Story”.
4. IOGP, 2024. “Energy Transition”.
5. IGU, 2022. “IGU Statement on the Influence Map Report”.
6. IGU, 2021. “Annual Report 2021”, pp. 3-13.

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Mostly Aligned(2 of 3 statements evidenced)

Trinidad and Tobago
Energy Chamber of Trinidad & Tobago
Overview

The Energy Chamber of Trinidad & Tobago is the representative association for the energy industry in Trinidad & Tobago,with member companies and organisations spanning the entire value chain from upstream producers through to major
downstream industrial consumers and manufacturers and supply chain companies.

Criteria 1

Currently there is insufficient explicit support across positions and advocacy to identify endorsement of the Paris
Agreement.

Criteria 2

The Energy Chamber of Trinidad & Tobago acknowledges the country’s role in dealing with climate change including
advocacy to secure investment into the gas economy.1

Criteria 3

The association has established a Decarbonisation Taskforce which is focused on promoting actionable projects andencourages the removal of barriers to help renewable energy and low carbon projects.2

Addressing alignment

Woodside assessed the Energy Chamber of Trinidad & Tobago as mostly aligned, as the association does not conform with
criteria 1. Woodside will work with the Energy Chamber of Trinidad & Tobago towards achieving greater alignment with our
climate positioning.

United States of America
Louisiana Mid-Continent Oil & Gas Association
Overview

The Louisiana Mid-Continent Oil & Gas Association (LMOGA) serves exploration and production, reﬁning, transportation,marketing, and mid-stream companies as well as other ﬁrms in the ﬁelds of law, engineering, environment, ﬁnancing, andgovernment relations.

Criteria 1

The association broadly acknowledges climate change and the transition as well as critical technologies required foremissions mitigation. Though it does not speciﬁcally align itself to the Paris Agreement in public statements, LMOGA
supported the Louisiana Governor’s Climate Initiatives Taskforce which unanimously approved a plan to reduce Louisiana’s
greenhouse gas emissions to net zero levels by 2050.3,4

Criteria 2

There are no publicly stated comments supporting the social and economic costs of the energy transition.

Criteria 3

LMOGA’s mission is to invest in people, communities, technology, infrastructure, new energies, and long-term solutions
to allow members to meet America’s energy needs while protecting the environment. Its advocacy areas include CCUS,
coastal restoration, hurricane resources and hydraulic fracturing.5

Addressing alignment

Woodside assessed LMOGA as mostly aligned, as the association does not conform with criteria 2. Woodside will workwith LMOGA towards achieving greater alignment with our climate positioning.

Partly Aligned(1 of 3 statements evidenced)

United States of America
Petroleum Alliance of Oklahoma
Overview

The Petroleum Alliance of Oklahoma (PAO) is an oil and natural gas trade association created by the merger of the
Oklahoma Independent Petroleum Association and the Oklahoma Oil & Gas Association. It is the only trade association in
Oklahoma that represents every segment of the oil and natural gas industry, advocating for members, landowner partners,
host communities and employees.

Criteria 1

There is no explicit public mention of the Paris Agreement, net zero or the energy transition on its website or disclosures.

Criteria 2

PAO mentions the economic beneﬁts of the oil and gas industry but there is no indication that it is helping to manage thesocial and economic costs of the energy transition through focused advocacy.

Criteria 3

The association worked with Woodside to co-host a ‘Hydrogen 101’ event at its annual Fall Meeting in November 2023, tohighlight the beneﬁts of hydrogen to the energy industry and the State of Oklahoma.

Addressing alignment

We assessed PAO as partly aligned, as the association does not conform with items 1 and 2 of our criteria.
Woodside will seek to influence the policy direction of PAO. We will retain our membership and keep this organisation
under close review, monitor activities and advocate for stronger alignment with our climate positioning. Should strongeralignment not occur, Woodside will consider whether to retain our membership.

Misaligned(0 of 3 statements evidenced)

No organisations reviewed were found to be fully misaligned with Woodside’s climate positions.

1. The Energy Chamber of Trinidad & Tobago, 2021. “Annual Report 2020-2021”, pp. 12.
2. The Energy Chamber of Trinidad & Tobago, 2023. “Annual Report 2022-2023”, pp. 32.
3. LMOGA, 2024. “Our Mission”.
4. LMOGA, 2024. “Policy and Issues”.
5. State of Louisiana, 2020. “Climate Initiatives Task Force”.

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SECTION 3

Working towards alower emissions future
We are a part of various organisations that focus on researching and developing
new energy and decarbonisation solutions that align with our climate and businessobjectives.
These organisations enable us to work with other companies onsimilar topics, grant us access to research and forums for key
discussions.
A summary of Woodside’s collaboration with these organisations
is provided below.

IpiecaIpieca (International Petroleum Industry Environmental
Conservation Association) is the global oil and gas association
for advancing the industry’s environmental and social
performance across the energy transition in the context ofsustainable development. The organisation brings together
members, experts and stakeholders to develop good practiceand discuss potential solutions to global challenges such as
climate change.

Woodside Monash Energy Partnership
Woodside and Monash University have a major research
partnership to progress new energy solutions. This is the largest
industry university partnership in Australia.
The initiative is aligned to the United Nations Sustainable
Development Goals, with a focus on leadership and technologies
for carbon abatement and the hydrogen value chain.
The Woodside Monash Energy Partnership focuses on threethemes:• New energy technologies• Carbon capture, conversion, and utilisation• Energy leadership
Woodside leaders and subject matter experts holds multiple
positions on the partnership’s leadership team.

As a condition of membership, Ipieca has principles of membershipfor corporate and associate members. These principles are
divided into four pillars which include Climate, Nature, People andSustainability. The first principle under each pillar provides support
towards a United Nations convention or initiative.

Current projects include the development and economic
scalability of direct air capture, conversion of waste gases into
protein-rich biomasses, and the design of electrolysers capableof splitting purified sea water into hydrogen and oxygen throughthe development of electrocatalysts.

Woodside sits on multiple working groups which focus ona range of topics including marine spill preparedness andresponse, climate change, carbon offsets, environment andbiodiversity, social responsibility, human rights, supply chain andsustainability reporting.

Woodside FutureLab at Monash is a globally connected
innovation hub that supports technological innovation andcollaboration in material engineering, additive manufacturing,data science and information technology.

In 2023 Woodside contributed to the following Ipieca
publications: “Net-zero emissions: Supporting the Paris
Agreement and its aims”, “Recommended practices for methane
emissions detection and quantification technologies - upstream”
and “The role of Carbon-compensated products in the energy
transition.”1,2,3

Massachusetts Institute of Technology Joint
Program on the Science and Policy of Global
ChangeDuring 2023 Woodside became a member the Massachusetts
Institute of Technology (MIT) Joint Program on the Scienceand Policy of Global Change. The Joint Program’s mission is toadvance a sustainable, prosperous world through actionable,scientific analysis of the complex interactions among coevolving, interconnected global systems.

1. Ipieca, 2023. “Net-zero emissions: supporting the Paris Agreement and its aims”.
2. Ipieca, 2023. “Recommended practices for methane emissions detection and quantification technologies - upstream”.
3. Ipieca, 2023. “The role of carbon-compensated products in the energy transition”.

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The Joint Program is a key contributor to MIT’s sustainability
research portfolio, pursuing research that enables
decision makers to address three widely recognised
pillars of sustainability: environmental protection,
economic viability and social equity.1

Climate Leaders Coalition

To support decision‑makers in quantifying the physicaland transition risks of climate change, the Joint Program isdeveloping and maintaining expertise and tools that integrate
across systems, sectors and scales. These tools help to expand
sustainable decision‑making for policymakers, industrial energy
companies, the financial community and NGOs.

It offers a secure forum for CEOs to discuss their organisations’decarbonisation efforts, as well as providing information tobusiness leaders who are not taking action but would like toknow more about how to approach the issue.

CO2CRC
CO2CRC is a world leader in CCUS research, and develops andtests new low emissions technologies in commercially relevant
demonstrations.
Its portfolio is developed in line with industry and government
priorities, and provides access to pilot projects, policy influenceworking groups, and technical expertise in other member
organisations.
It works with Australian and international experts and has ahistory of safe delivery of demonstration projects.
Woodside is an industry member of CO2CRC and sits on the
Board.

The Climate Leaders Coalition is a collection of corporate
Australian CEOs representing a variety of sectors to support thecommitments of the Paris Agreement, and the establishment
and implementation of decarbonisation targets.

During 2023 Woodside participated in the Climate Leaders
Coalition development of a ‘Nature Tool’ through its Nature
Working Group. The Tool was developed to allow companies tohelp businesses with the upcoming Taskforce on Nature-related
Financial Disclosures. The Working Group also worked up a
Roadmap for CEOs to help them integrate nature policies into
their business strategies.2
Woodside’s CEO is a member of this group and we participate inits forums.
Other organisations we are a part of that help us to develop
lower carbon and new energy solutions include:• Ammonia Energy Association• Global Carbon Capture and Storage Institute• International Emissions Trading Association

1. MIT Joint Program on the Science and Policy of Global Change, 2019. “Sustainability”.
2. Climate Leaders Coalition, 2023. “Nature Starter Practical steps to integrate Nature into business strategy”.

—
Woodside employees in Houston.

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Head Office
Woodside Energy Group Ltd
Mia Yellagonga
11 Mount Street
Perth WA 6000

Postal Address
GPO Box D188
Perth WA 6840
Australia
T +61 8 9348 4000
E companyinfo@woodside.com

Woodside Energy Group Ltd
ABN 55 004 898 962

woodside.com