Environmental management For any of our projects which require international funding, we perform an environmental, social and health impact assessment, in compliance with the Equator Principles (EP) and the World Bank International Finance Corporation’s (IFC) Performance Standards. We follow international best practices to develop project site closure and rehabilitation plans to minimize environmental and health impacts associated with out-of-service plants and affected sites. These include mitigation and monitoring plans for effective closure, rehabilitation and restoration. We dispose of final assets and fulfill remedial obligations in accordance with the relevant environmental laws and regulations. We regularly update our closure plans, which are intended to assure the restoration of land use for the community. We systematically assess, mitigate and manage the environmental risks associated with every stage of our activities. Throughout the lifecycle of any project or operating facility, from development to decommissioning, we continuously monitor and report to ensure effective environmental management. We have centralized environmental standards in place and adhere to the environmental management and regulatory requirements set out in UAE federal laws and regulations. We conduct regular internal and external audits and assurance to assess and enhance implementation of our environment management system (EMS). 97% of our operating assets are covered under the scope of ISO 14001 certification. We conduct Environmental Impact Assessments (EIAs) in accordance with company requirements and national and international environmental regulations and standards. These assessments identify the potential environmental impacts associated with an activity, project, or process. They also set out the appropriate mitigation and monitoring practices to prevent or minimize negative effects or enhance positive returns to the environment. These include comprehensive biodiversity surveys in ecologically sensitive areas. 51 50 Energy for Life