SNGN ROMGAZ SA

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SNGN Romgaz : 2021 Sustainability Report

06/28/2022 | 08:01am

SUSTAINABILITY

REPORT

2021

PERFORMANCE

FOR A SUSTAINABLE FUTURE

Table of contents

Message from the CEO

3

ECONOMIC

61

Information about the sustainability report

5

Economic performance

62

Communication with stakeholders

7

Infrastructure investments

66

Materiality analysis

11

Financial assistance from public authorities

68

Customer relationship management

68

ABOUT THE ROMGAZ GROUP

15

Supply chain

69

History

15

Share of expenses with local suppliers

70

Activities of the ROMGAZ Group

20

Suppliers' environmental impact

70

Exploration

20

Production

22

SOCIAL

71

Underground storage of natural gas

23

Our employees

73

Natural gas supply

23

Workplace health and safety

82

Well interventions and special operations

24

Diversity and equality of opportunity

97

Transport and maintenance

24

ROMGAZ's involvement in local communities

105

Electricity production

25

Natural gas distribution

25

ENVIRONMENT

117

ROMGAZ Group structure

26

Compliance with environmental standards, laws, and regulations

123

Company management

29

Energy

126

Remuneration for members of the Board of Directors

31

Water

135

Structure of the Board of Directors

32

Use of materials

145

Structure of the Advisory Committees

34

Ecosystem restoration and biodiversity

145

Delegation of authority

35

Emissions

149

Stakeholder consultation

39

Waste management

157

Energy availability

167

CORPORATE GOVERNANCE, ETHICS, AND ANTI-CORRUPTION

41

Anti-corruption

49

Our vision, objectives, and strategy

54

Affiliations

169

Analysis of risks and opportunities

58

GRI Content Index

170

2021 Sustainability Report | 2 | Romgaz

Message from the CEO

The fifth sustainability report of ROMGAZ Group is developed in line with the international Global Reporting Initiative (GRI) non-financial reporting

standards, transparently presents the ROMGAZ Group's non-financial performance in 2021, responding to the interest expressed by our stakeholders, thus honoring the commitment we made to them five years ago and complying with national and European legislative requirements for non-financial reporting.

"ROMGAZ - Performance for a sustainable future" contributes to maintaining an open and transparent dialogue with all stakeholders regarding our management approach, our policies, the projects in which we get involved, as well as our performance evaluation indi- cators, all of which you will find in this report. To better understand our evolution on the natural gas and electricity supply markets, the report provides details on aspects which are relevant to all stakeholders who are interested in our economic, social, and environmental activity and performance.

In this report, we will present the key points, objectives, performance indicators, and actions taken during 2021, as well as outline other

Aristotel Marius JUDE

DIRECTOR GENERAL

sustainable development initiatives that we are planning to pursue in the coming period.

We are honored by the opportunity to play a major role in stimulating a larger social transformation, so this report is meant to highlight our interest in sustainable development in connection to social ideals and needs. One of ROMGAZ's main strategic directions, as mentioned in the "2021-2030Development Strategy," is the consolidation

of our position on energy supply markets and the reduction of emissions of carbon, methane, and other gases by at least 10%. Through a range of technical, economic, and managerial strategies, we aim to reach our objective of maximizing production and, im- plicitly, of increasing the natural gas reserves recovery rates while upkeeping profitability, safety, reliability, and sustainability conditions.

When it comes to electricity production, ROMGAZ aims to increase its efficiency by investing in raising the output of the Iernut electric power plant to a minimum of 55%, meeting environmental requirements, and increasing the safety of exploitation. Our Decarbonization Policy involves the development of a 180 MW renewable electricity production capacity, including 60 MW of photovoltaic capacity by the end of 2023, and a feasibility analysis of building several electricity production plants based on green energy and hydrogen, provided that adequate financing and non-reimbursable funds can be accessed for this project.

In terms of community responsibility and concern for improving quality of life for present and future generations, ROMGAZ adopts a

2021 Sustainability Report | 3 | Romgaz

voluntary stance which is complementary to legal requirements, perseveringly pursuing economic and social equity, environmental protection, and support for projects with a positive community impact, constantly evaluating and adjusting our involvement and being aware of our role in society. We integrate our traditions into the European spirit, we contribute to the enrichment of valuable heritage and to its transmission across gen- erations, we promote our nation's material and moral-spiritual values, and we support civic education, national consciousness, and humanism.

ROMGAZ continues to be involved in projects that support environmentally resilient activities, provide training and knowledge development for the general public, and prepare society for a life that is free of carbon emissions. We aim to encourage our human resources to move towards future trends in the field of sustainable energy and to provide support for the development of higher quality energy education by involving our organization in the practical training of pupils and students in partnership with schools or adult training programs.

From a financial perspective, the main factor with a positive impact on our company, which led to an increase in our turnover and profitability indicators, was the gradual recovery of the economy after the slowdown caused by the covid-19 pandemic, coupled with the geopolitical context that led to higher consumption at both the national and European levels.

In the coming period, ROMGAZ will work to pursue its strategic objectives and make investments in accordance with its sustainable development plans, thus achieving its goal of becoming an energy security provider and a player on the regional energy market. Our commitment to sustainability will help us continue our efforts and set higher and higher standards for ourselves every year.

As part of our journey towards a sustainable future, we will remain consistent in adopting policies and practices that will increase confidence in the feasibility of our projects and make it possible to turn strategic options into concrete results that will benefit future generations.

ROMGAZ is
publishing its Group Sustainability Report for the fifth year in a row, containing non- financial indicators
for the year 2021.

Information about the sustainability report

National Natural Gas Company ROMGAZ S.A. annually publishes its Sustainability Report to inform all stakeholders about its sustain-

ability performance and, at the same time, to present the objectives of the ROMGAZ Group, through which the organization wants to help build a better future for current and upcoming generations. Our commitment to annually reporting on the Group's targets and performance indicators represents an important step in our strategy to contribute to a sustainable future, a more responsible society, and a better developed community.

ROMGAZ is publishing its Group Sustainability Report for the fifth year in a

row, detailing the non-financial indicators for the year 2021. With the support of our team of specialized sustainability consultants and following an ample process of consulting stakeholders, including by using an online survey, as the result of a materiality analysis carried out at the Group and external stakeholder level, we have identified the issues in which our stakeholders are most interested, which will be

presented in detail in the present document.

The structure and topic breakdown of the report are built based on the principles and directions set out in the Global Reporting Initiative non-financial reporting standard, Core option, issued in 2016 and updated in 2018 and 2020.

Furthermore, the ROMGAZ Group's report meets the legislative requirements of the Public Finance Ministry's Orders no. 1,938/2016 and no. 3,456/2018, which require organizations with an average employee count of over 500 during the financial year to report information regarding their development, performance,

and position, as well as the impact of its activities on the environmental, social, and labor components.

The information presented in the ROMGAZ Group's 2021 Sustainability Report refers to the period between January 1, 2021 - December 31, 2021. It is preceded by four earlier reports that contain non-financial information for the years 2017, 2018, 2019, and 2020.

2021 Sustainability Report | 5 | Romgaz

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

SNGN Romgaz SA published this content on 28 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2022 12:00:08 UTC.

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