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Statement of use — SEDCO Holding has reported in accordance with the GRI Standards for the period 1 January 2024 to 31 December 2024.

GRI 1 used — GRI 1 : Foundation 2021

For the Content Index – Essentials Service, GRI Services reviewed that the GRI content index has been presented in a way consistent with the requirements for reporting in accordance with the GRI Standards, and that the information in the index is clearly presented and accessible to the stakeholders. The service was performed on the English version of the report.

GRI STANDARD/OTHER SOURCE DISCLOSURE LOCATION OMISSION
REQUIREMENT(S) OMITTED REASON EXPLANATION
General disclosures
GRI 2: General disclosures 2021 2-1 Organizational details Who we are
2-2 Entities included in the organization’s sustainability reporting About the report
2-3 Reporting period, frequency
and contact point
About the report
2-4 Restatements of information About the report
2-5 External assurance About the report
2-6 Activities, value chain and
other business relationships
Business model n/a
2-7 Employees Our team
Annexures: Human resource
2-8 Workers who are not employees Omitted Not applicable All employees are classified as FTE.
2-9 Governance structure
and composition
Our ethics: Governance framework n/a
2-10 Nomination and selection
of the highest governance body
Omitted Confidentiality constraints Nomination of the Board is conducted according to the Company’s
CG Manual. However, as a family-owned organization, the manual is
not made public.
2-11 Chair of the highest
governance body
Our ethics: Board of Directors
Our ethics: Governance framework
n/a
2-12 Role of the highest governance body in overseeing the management
of impacts
Our ethics: Governance framework
Our ethics: ESG governance
2-13 Delegation of responsibility
for managing impacts
Our ethics: Governance framework
Our ethics: ESG governance
2-14 Role of the highest governance body in sustainability reporting Chairman’s message and CEO’s statement
Our ethics: Governance framework
Our ethics: ESG governance
2-15 Conflicts of interest Our ethics: Governance framework
2-16 Communication of critical concerns Omitted Information unavailable/incomplete Communication of critical concerns occurs on a case-by-case basis.Systems dictated by the CG Manual are under development for disclosure.
2-17 Collective knowledge of the
highest governance body
Our ethics: Governance framework
Our ethics: Functioning of the board
n/a
2-18 Evaluation of the performance
of the highest governance body
Our ethics: Functioning of the board
2-19 Remuneration policies Omitted Confidentiality constraints While dictated by a comprehensive HR policy, this information is bound
by confidentiality.
2-20 Process to determine remuneration Omitted Confidentiality constraints While dictated by a comprehensive HR policy, this information is bound
by confidentiality.
2-21 Annual total compensation ratio Omitted Confidentiality constraints While comprehensive HR policies are in place to define and dictate remuneration, analysis and disclosure of this information is still
under review.
2-22 Statement on sustainable development strategy Chairman's message and CEO's statement
Our ESG framework
n/a
2-23 Policy commitments Our ethics: Code of business conduct
Our ESG framework
2-24 Embedding policy commitments Our ethics: Governance framework
Our ethics: ESG governance
Our ethics: Code of business conduct
2-25 Processes to remediate
negative impacts
Omitted Information unavailable/incomplete While guided by long-standing values and a code of conduct; considering the Company's small footprint across the value-chain and level of ESG maturity, these systems and processes are still being developed.
2-26 Mechanisms for seeking
advice and raising concerns
Our ethics: Code of business conduct
Our ethics: Extending our responsible practices
n/a
2-27 Compliance with laws
and regulations
Our ethics: Code of business conduct
2-28 Membership associations Omitted Not applicable SEDCO’s activities as a private investment holding company do not involve active participation in industry or advocacy associations. While SEDCO may hold limited memberships in certain business or professional groups, these are not material to the company’s business model, strategy, or stakeholder engagement, and therefore are not disclosed in detail under GRI 2-28.
2-29 Approach to stakeholder engagement Annexures: Communicating and Engaging with our Stakeholders
2-30 Collective bargaining agreements Omitted Not applicable All employment contracts abide by the Labour Law applicable to the Kingdom of Saudi Arabia and implementing regulations issued by the Ministry of Human Resources and Social Development; which do not provide for collective agreements. Working conditions and terms of employment of employees are not influenced or determined based on other collective bargaining agreements.
Material topics
GRI 3: Material topics 2021 3-1 Process to determine material topics Social and Environmental Impact: Materiality
3-2 List of material topics Annexures: Material Topics
Economic performance
GRI 3: Material topics 2021 3-3 Management of material topics Strategic direction
GRI 201: Economic
Performance 2016
201-1 Direct economic value generated and distributed Omitted Confidentiality constraints As a family-owned organization, financial information related to EVG&D is not disclosed publicly.
201-2 Financial implications and other risks and opportunities due to climate change Omitted Information unavailable/incomplete As part of transition to a financial investor, the Company is re-assessing implications of risks and opportunities, and involvement/engagement
with the investment portfolio.
201-3 Defined benefit plan obligations and other retirement plans Omitted Confidentiality constraints As a family-owned organization, financial information is not
disclosed publicly.
201-4 Financial assistance received
from government
Omitted Confidentiality constraints As a family-owned organization, financial information is not
disclosed publicly.
Indirect economic impacts
GRI 3: Material topics 2021 3-3 Management of material topics Our business model
Investment impact
GRI 203: Indirect Economic Impacts 2016 203-1 Infrastructure investments
and services supported
Investment impact
203-2 Significant indirect
economic impacts
Investment impact
Procurement practices
GRI 3: Material Topics 2021 3-3 Management of material topics Omitted Information unavailable/incomplete Considering the Company’s minimal engagement with the supply-chain and level of ESG maturity, procurement processes are being developed in line with the Company’s sustainable sourcing intentions, and disclosure metrics are being improved.
GRI 204: Procurement
Practices 2016
204-1 Proportion of spending
on local suppliers
Omitted Information unavailable/incomplete
Energy
GRI 3: Material topics 2021 3-3 Management of material topics Social and Environmental Impact:
Energy
GRI 302: Energy 2016 302-1 Energy consumption within
the organization
Social and Environmental Impact:
Energy
Water and effluents
GRI 3: Material Topics 2021 3-3 Management of material topics Social and Environmental Impact:
Water
GRI 303: Water and
Effluents 2018
303-3 Water withdrawal Social and Environmental Impact:
Water
Emissions
GRI 3: Material Topics 2021 3-3 Management of material topics Social and Environmental Impact:
Emissions
GRI 305: Emissions 2016 305-1 Direct (Scope 1) GHG emissions Omitted Information unavailable/incomplete Considering the Company's minimal environmental footprint, and ESG maturity at a nascent stage, measurement and reporting on emissions is still under development.
Waste
GRI 3: Material Topics 2021 3-3 Management of material topics Social and Environmental Impact:
Waste
GRI 306: Waste 2020 306-1 Waste generation and significant waste-related impacts Omitted Not applicable Considering the Company's minimal waste footprint, waste-generation
and waste-related impacts are considered negligible/non-significant.
306-2 Management of significant waste-related impacts Omitted Not applicable Considering the Company's minimal waste footprint, waste-generation
and waste-related impacts are considered negligible/non-significant.
306-4 Waste diverted from disposal Social and Environmental Impact:
Waste
Employment
GRI 3: Material Topics 2021 3-3 Management of material topics Strategic direction: Our team
GRI 401: Employment 2016 401-1 New employee hires and
employee turnover
Strategic direction: Our team
Annexures: Human resource
401-3 Parental leave Omitted Information unavailable/incomplete While organizational policies provide for parental leave, recording
and disclosure of these metrics is under development.
Occupational health and safety
GRI 3: Material Topics 2021 3-3 Management of material topics Strategic direction: Our team
GRI 403: Occupational Health and Safety 2018 403-1 Occupational health and safety management system Omitted Information unavailable/incomplete While in compliance with labour laws and directives, the Company comes under the category of 'lowest-risk environment' since it is a commercial employer. As such, these systems, monitoring, and disclosures are under development, albeit at a lower priority.
403-6 Promotion of worker health Strategic direction: Our team
Social and Environmental Impact: Investing in our people
Training and education
GRI 3: Material Topics 2021 3-3 Management of material topics Strategic direction: Our team
GRI 404: Training and Education 2016 404-1 Average hours of training per year per employee Strategic direction: Our team
404-2 Programs for upgrading employee skills and transition assistance programs Strategic direction: Our team
404-3 Percentage of employees receiving regular performance and career development reviews Annexures: Human resource
Diversity and equal opportunity
GRI 3: Material Topics 2021 3-3 Management of material topics Strategic direction: Our team
Our ethics: Code of business conduct
GRI 405: Diversity and Equal Opportunity 2016 405-1 Diversity of governance bodies and employees Strategic direction: Our team
Annexures: Human resource
405-2 Ratio of basic salary and remuneration of women to men Omitted Confidentiality constraints As a family-owned organization, financial information pertaining to remuneration is not disclosed publicly.
Non-discrimination
GRI 3: Material Topics 2021 3-3 Management of material topics Strategic direction: Our team
Our ethics: Code of business conduct
GRI 406: Non-discrimination 2016 406-1 Incidents of discrimination and corrective actions taken Annexures: Human resource
Local communities
GRI 3: Material Topics 2021 3-3 Management of material topics Social and Environmental Impact: Empowering communities
GRI 413: Local Communities 2016 413-1 Operations with local community engagement, impact assessments, and development programs Social and Environmental Impact: Empowering communities
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