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Page 1: CDP Climate Change Questionnaire 2018 Final... · 2019-12-13 · Page 6 Climate change questionnaire developments The CDP climate change questionnaire has been redesigned in response

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CDP Climate Change Questionnaire 2018

Final 2018 Version

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CDP disclosure cycle 2018

New for 2018: In response to market needs, CDP has developed questions specific to high-impact sector activities across its climate change, forests

and water security programs. The 2018 questionnaires also include more forward-looking metrics, are further harmonized with other reporting

frameworks, and include TCFD recommendations for climate-related disclosure.

Accessing questionnaire previews, reporting guidance, and scoring methodologies

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CDP’s 2018 corporate questionnaire previews, reporting guidance, and scoring methodologies can be accessed by program (climate change, forests,

and water security) from the guidance for companies page of CDP's website. You will be presented with three prompt screens that allow you to select

the sectors and other details relevant to your organization. Questionnaires are valid for information requests from investors, as well as from

customers that are members of CDP’s supply chain program. As there are sector-specific questions throughout the questionnaires, you might find

that question numbers skip since not all questions will be applicable to your organization.

Responses to questionnaires are submitted via CDP's online response system (ORS), which is part of CDP's online disclosure platform. Please refer

to Using CDP's Online Disclosure Platform for more detail. Note that while the questions themselves are the same in the questionnaire preview as

they are in the ORS, the format may differ, particularly for drop-down options and tables.

Full and Minimum versions of the questionnaire

For all CDP questionnaires, there are two versions: minimum and full. The minimum version contains identical but fewer questions, and no sector-

specific questions or data points.

● The minimum version of a questionnaire can by completed by:

-

● For previous responders with an annual revenue of less than EUR/US$250 million, CDP reserves the right to remove the option of a minimum

version questionnaire due to the organization’s potential or existing environmental impact.

● Companies with an annual revenue of over EUR/US$250million that are disclosing for the first time and responding to the minimum version will not

be eligible for scoring.

● Companies responding to the minimum version that have an annual revenue of less than EUR/US$250million will be eligible for scoring and will be

scored using the minimum version of the methodology. They will not be eligible for the A list as the scores are not comparable to scores resulting

from the full version of the scoring methodology.

Note that companies eligible to complete the minimum version of a questionnaire can choose to answer the full version if they consider this to provide

greater benefit to their organization or stakeholders. For more information on scoring eligibility and implications, please see Scoring Introduction 2018.

Timeline:

August

● Responses to investor requests must be submitted by August 15, 2018 to be automatically

eligible for scoring and inclusion in CDP reports (where applicable).

● Responses to supply chain requests must be submitted by August 29, 2018.

For any disclosure-related questions, please contact [email protected].

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CDP climate change questionnaire

Introduction to CDP's climate change program and questionnaire

CDP works to reduce companies’ greenhouse gas emissions and mitigate climate change risk.

The 2015 Paris agreement was a tipping point in the global approach to climate change. By agreeing to limit global temperature rises to well below

2°C, governments have committed to transforming to a low-carbon economy. This transition will create winners and losers within and across business

sectors, as the manifestation of climate-related opportunities and risks accelerates in both size and scope. Business as usual will not be a good

indicator of how companies will perform.

We believe that improving corporate awareness through measurement and disclosure is essential to the effective management of carbon and climate

change risk. We request information on climate risks and low-carbon opportunities from the world’s largest companies on behalf of 658 institutional

investor signatories with a combined US$87 trillion in assets.

Regulators have begun to respond to the risks, notably with the Task Force on Climate-related Financial Disclosures (TCFD). Established by the

Financial Stability Board, the TCFD has moved the climate disclosure agenda forward by emphasizing the link between climate-related risk and

financial stability. The Task Force has recommended that both companies and investors disclose climate change information. This includes whether

they are conducting scenario analysis in line with a 2-degree pathway and then setting out how climate-related issues impact their strategy and

financial planning. This amplifies the longstanding call from CDP’s investor signatories for companies to disclose comprehensive, comparable

environmental data in their mainstream reports, driving climate-related risk management further into the boardroom.

Commit to Action

CDP and its partners in the We Mean Business coalition have created a central platform for companies to take action on key climate issues.

Hundreds of companies representing every economic sector and geography have taken action to date.

The leadership these companies demonstrated formed a critical part of the package of solutions reached in Paris at COP21 in 2015 and has

continued to grow, now playing a critical role as the Paris Agreement moves from agreement to implementation. The We Mean Business “Take

Action” platform gives companies a clear pathway for building the Paris Agreement into their business strategies and to future-proof growth, sending a

strong signal that companies are making the transition to a low-carbon world and giving policy makers the confidence in raising their ambitions as

governments prepare to ratchet up their national pledges in 2020.

Companies who have made commitments through one of more of the initiatives included on the We Mean Business platform can track progress

against them via CDP’s annual disclosure requests.

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Climate change questionnaire developments

The CDP climate change questionnaire has been redesigned in response to these market needs, highlighting a shift to more sectoral information,

mainstream-ready reporting and disclosures that highlight a company’s own approach to the low-carbon economy. For 2018, this includes:

● Integration of sector-specific questions

● Inclusion of the TCFD recommendations

● Increased emphasis on forward-looking metrics and improved alignment with other reporting frameworks

Key changes include:

Governance

● Both board- level and management responsibility for climate-related issues

Risks and opportunities

● How risks and opportunities are identified, assessed and managed

● Consolidation of risk disclosures into one question (from three)

● Consolidation of opportunity disclosure into one question (from three)

Strategy

● Impacts of climate-related issues on strategy, financial planning, and businesses

● If scenario analysis is used to inform business strategy and details of the models, assumptions

and types of scenario analysis performed

● Transition plans (high-impact sectors only)

Targets

● Aggregation of non-GHG emissions climate-related targets into a single question

Energy

● Revised energy question flow to focus breakdowns on only relevant energy use

Other climate-related metrics

● Ability to provide other metrics such as from waste, energy, land-use

Carbon pricing

● New question flow for carbon tax, emissions trading and/or internal carbon price use

A detailed document on climate change question changes from 2017 to 2018 is now available. Revisions and changes to questions are also

indicated by the “Change from 2017” row below each question, either as no change, a minor change, a modification, or a new question. Minor

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changes indicate wording edits and revisions to drop-down options, while a modification indicates where a new or revised data point has been added

or removed from an existing question.

Sector approach

For climate change, CDP has incorporated sector-specific questions for 12 sectors grouped within the following four clusters. The rationale for

developing a refined questionnaire for each of these sectors is outlined in the relevant sector introduction. Companies with business activities outside

of these sectors will receive a general questionnaire, as in previous years. Further sectors will be introduced in 2019.

Each question number in the climate change questionnaire begins with the letter C. Questions that are unique to companies in a particular sector are

labeled using a two-letter abbreviation within the question number. These abbreviations are noted below.

2018 climate change sectors:

● Agriculture: Agriculture commodities (AC); Food, beverage & tobacco (FB); Paper & forestry (PF)

● Energy: Coal (CO); Electric utilities (EU); Oil & gas (OG)

● Materials: Cement (CE); Chemicals (CH); Metals & mining (MM); Steel (ST)

● Transport: Transport services (TS); Transport OEMs (TO)

Sector introduction: Oil & gas (Climate)

The oil & gas sector is part of CDP’s energy cluster. For the climate change program, this cluster includes companies operating in the coal, electric

utilities, and oil & gas industries.

Climate change is a strategic risk for the oil & gas sector[1], whose operational and use phase emissions collectively account for half of global CO

emissions.

The climate change oil & gas sector questionnaire is based on questions from CDP’s previous climate change oil and gas module. Questions are also

based on other frameworks and research relevant to this sector, including CDP’s investor reports. Many questions across the energy sector overlap,

and where possible, align with external frameworks.

CDP’s oil & gas questionnaire has sector-specific questions on the following topics:

● Low-carbon transition plan;

● Specific targets and performance indicators for the sector. Included in these questions are specific methane targets and several questions on flaring

and methane leak detection and reduction;

● Emissions breakdowns by oil and gas business divisions, associated activities, emissions categories, and methane emissions;

● Hydrocarbon reserves, production, refining, and transportation figures;

● Low-carbon investments and capital flexibility; and

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● Transfers & sequestration of CO2 emissions.

[1] IIGCC (2016) Investor Expectations of Oil and Gas Companies: Transition to a lower carbon future

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C0 Introduction

Introduction

(C0.1) Give a general description and introduction to your organization.

Noble Energy, Inc. (“Noble Energy” or “Company”) is a leading independent energy company engaged in worldwide oil and natural gas exploration

and production. Founded by Lloyd Noble in 1932, Noble Energy, a Delaware corporation, has been publicly traded on the New York Stock Exchange

(NYSE) since 1980 under the ticker symbol NBL. Noble Energy has five (5) main operating areas: the Denver-Julesburg (DJ) Basin (onshore U.S.),

the Permian Basin (onshore U.S.), the Eagle Ford Shale (onshore U.S.), offshore West Africa, and offshore Eastern Mediterranean. In 2017 Noble

Energy acquired Clayton Williams Energy, which had extensive holdings in Texas. In early 2018, Noble Energy divested its deepwater Gulf of Mexico

(offshore U.S.). Proved reserves are geographically balanced amongst the international and domestic operations, with 1,965 million barrels of oil

equivalent (BOE) proved at the end of 2017. In 2017, the company achieved full year reported sales volumes of 381 MBoe/d. This report only

includes operations under Noble Energy and excludes operations under Noble Midstream Partners LP.

Noble recently established a Climate Program to further investigate and assess climate-related risks. More information on how Noble intends to develop and apply

this program to further consider climate in its planning and operations will be communicated in the coming months.

(C0.2) State the start and end date of the year for which you are reporting data.

Start date End date Indicate if you are providing emissions data for past

reporting years

1/1/2017

31/12/2017

No

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(C0.3) Select the countries/regions for which you will be supplying data.

Country/Region

Equatorial Guinea

Israel

United States

(C0.4) Select the currency used for all financial information disclosed throughout your response.

Currency

USD

(C0.5) Select the option that describes the reporting boundary for which climate-related impacts on your business are being reported. Note

that this option should align with your consolidation approach to your Scope 1 and Scope 2 greenhouse gas inventory.

● Operational control

Organizational activities: Oil and Gas

(C-OG0.7) Which part of the oil and gas value chain and other areas does your organization operate in?

Oil and gas value chain

● Upstream

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● Downstream

● Chemicals

C1 Governance

Board oversight

(C1.1) Is there board-level oversight of climate-related issues within your organization?

● Yes

● No

(C1.1a) Identify the position(s) of the individual(s) on the board with responsibility for climate-related issues.

Position of individual(s) Please explain

Select from:

● Board Chair

● Board/Executive board

● Director on board

● Chief Executive Officer (CEO)

● Chief Financial Officer (CFO)

● Chief Operating Officer (COO)

● Chief Procurement Officer (CPO)

● Chief Risk Officer (CRO)

● Chief Sustainability Officer (CSO)

● Other C-Suite Officer

As a large-cap company, we understand the growing role that environmental, social and

governance (ESG) performance plays in understanding and managing climate risk. Under direction

of the Board of Directors, Noble recently created a new Climate Program to more deeply evaluate

and manage climate risk. Additionally, the Noble Safety, Sustainability and Corporate Responsibility

(SSCR) Committee assists the Board of Directors in: 1) determining whether the Company has

appropriate policies and management systems in place to safely, sustainably and responsibly

develop oil and gas resources, including those associated with climate change; 2) monitoring and

reviewing compliance with all applicable laws and regulations; and 3) serving as a forum to review

social investment strategy and initiatives. The committee is familiar with the safety, sustainability

and corporate responsibility aspects of oil and gas exploration and production, as well as social

investment, ESG and climate related topics

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● President

● Other, please specify

(C1.1b) Provide further details on the board’s oversight of climate-related issues.

Frequency with which climate-related issues are a scheduled

agenda item

Governance mechanisms into which climate-related issues

are integrated

Please explain

● Scheduled - all meetings

● Scheduled - some meetings

● Sporadic - as important matters arise

● Other, please specify

● Reviewing and guiding strategy

● Reviewing and guiding major plans of action

● Reviewing and guiding risk management policies

● Reviewing and guiding annual budgets

● Reviewing and guiding business plans

● Setting performance objectives

● Monitoring implementation and performance of objectives

● Overseeing major capital expenditures, acquisitions and

divestitures

● Monitoring and overseeing progress against goals and targets

for addressing climate-related issues

● Other, please specify

Noble updates the Board of Directors as frequently as quarterly.

To varying degrees, these updates incorporate the governance

mechanisms listed in the column to the left, thereby helping to

inform board governance over the company’s evolving climate-

related strategies and initiatives. With the recent action by the

Board to establish a Climate Program, Noble anticipates Board

engagement and governance to increase. In turn, utilization of

these governance mechanisms into which climate-related issues

are integrated is expected to increase in the coming months.

Below board-level responsibility

(C1.2) Below board-level, provide the highest-level management position(s) or committee(s) with responsibility for climate-related issues.

Name of the position(s) and/or committee(s) Responsibility Frequency of reporting to the board on climate-related

issues

● Chief Executive Officer (CEO)

● Chief Financial Officer (CFO)

● Assessing climate-related risks and opportunities

● Managing climate-related risks and opportunities

● More frequently than quarterly

● Quarterly

● Half-yearly

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● Chief Operating Officer (COO)

● Chief Procurement Officer (CPO)

● Chief Risks Officer (CRO)

● Chief Sustainability Officer (CSO)

● Other C-Suite Officer, please specify

● President

● Risk committee

● Sustainability committee

● Safety, Health, Environment and Quality committee

● Corporate responsibility committee

● Other committee, please specify

● Business unit manager

● Energy manager

● Environmental, Health, and Safety manager

● Environment/Sustainability manager

● Facility manager

● Process operation manager

● Procurement manager

● Public affairs manager

● Risk manager

● There is no management level responsibility for climate-related

issues

● Other, please specify, Established climate program

in 2018.

● Both assessing and managing climate-related risks and

opportunities

● Both assessing and managing climate-related risks and

opportunities

● Annually

● Less frequently than annually

● As important matters arise

● Not reported to the board

(C1.2a) Describe where in the organizational structure this/these position(s) and/or committees lie, what their associated responsibilities

are, and how climate-related issues are monitored.

i. Where in the organizational structure this committee lies

For the 2017 reporting period, the Executive Vice President of Operations (EVP) at Noble Energy provided regular updates to the Chief Executive Officer (CEO),

who is the Chairman of Board, and Board of Directors as frequently as quarterly. The information that the EVP presents to the Board is consistent with what is

reported publicly to our stakeholders as part of our Corporate Sustainability Report (CSR). For example, we discuss methane emissions performance and progress

of emissions-reduction initiatives, as well as how we are doing on external rating and rankings. The EVP leads this area because the position has oversight of key

environmental and sustainability issues and functions, such as EHSR and the new Climate Program. This process ensures management and awareness of climate-

related issues goes all the way up to the CEO and Board.

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ii. How climate related issues are monitored

At the field level, we monitor climate-related performance through an advanced data collection process overseen by our EHSR Vice President with support from our

production team. This system includes a sophisticated methane leak detection and repair program, born from our efforts in Colorado to help develop and comply

with the first ever direct regulation of methane. We then extended this program to all domestic operations. Our EHSR team is also responsible for reporting

information to mandatory programs, such as the U.S. EPA’s GHG program, and voluntary programs such as CDP, Disclosing the Facts, and Noble Energy’s CSR

report. Relevant information is communicated to management for inclusion, as appropriate, in executive management discussions. This information, via the EHSR

department, is key to informing the annual Enterprise Risk Management (ERM) process. The ERM process is the vehicle by which we evaluate and manage existing

and future operating risk. It informs executive decision making and includes risk analysis associated with accidental losses. In the coming months, the new Climate

Program will more deeply evaluate and present to the Board recommendations for further managing climate risk as part of the ERM process.

Employee incentives

(C1.3) Do you provide incentives for the management of climate-related issues, including the attainment of targets?

● Yes

● No

(C1.3a) Provide further details on the incentives provided for the management of climate-related issues.

Who is entitled to benefit from these

incentives?

Types of incentives Activity incentivized Comment

● All employees (including CEO and

executive management)

● Monetary reward

● Recognition (non-monetary)

● Other non-monetary reward

● Emissions reduction project

● Emissions reduction target

● Energy reduction project

● Energy reduction target

● Efficiency project

● Efficiency target

● Behavior change related indicator

● Environmental criteria included in purchases

● Supply chain engagement

Compensation at Noble Energy is based partially on Environment, Health, Safety and Regulatory (EHSR) performance. More specifically, a portion of bonus compensation is determined by employee performance and a portion is determined at the discretion of the Board of Directors. The Board of Directors’ considers, among other factors, environmental, health and safety performance, including compliance with methane regulations. .

At the present time, Noble does not include

incentives for the attainment of targets, since we

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● Other, please specify

do not currently establish targets ( see section

C4 for additional perspective) T

A

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C2 Risks and opportunities

Time horizons

(C2.1) Describe what your organization considers to be short-, medium- and long-term horizons.

Time horizon From (years) To (years) Comment

Short-term

0

5

Terms vary depending on offshore and onshore

planning

Medium-term

5

10

Long-term

10

20

To include consideration of scenario planning

Management processes

(C2.2) Select the option that best describes how your organization's processes for identifying, assessing, and managing climate-related

issues are integrated into your overall risk management.

● Integrated into multi-disciplinary company-wide risk identification, assessment, and management processes

● A specific climate change risk identification, assessment, and management process

● There are no documented processes for identifying, assessing, and managing climate-related issues

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(C2.2a) Select the options that best describe your organization's frequency and time horizon for identifying, and assessing climate-related

risks.

Frequency of monitoring How far into the future are risks considered? Comment

Select from:

● Six-monthly or more frequently

● Annually

● Every two years

● Not defined

● Never

Select from:

● Up to 1 year

● 1 to 3 years

● 3 to 6 years

● > 6 years

● Unknown

Noble Energy monitors and anticipates climate change risks

affecting its operations. New emphasis on this risk factor is

reflected in the recent creation of a new Climate Program, with

additional perspective planned in the coming months.

Although this may change, the current timeline horizon range

reflected in this disclosure roughly correlates with anticipated

capital structure planning and projections, which are subject to

change for a multitude of reasons such as economics and

regulatory implications and operation conditions. Ultimately,

Noble Energy takes into account the cost of complying with

environmental regulations in planning, designing, drilling,

operating, and abandoning wells.

(C2.2b) Provide further details on your organization’s process(es) for identifying and assessing climate-related risks.

Noble Energy engages deeply across the stakeholder spectrum to identify and assess climate-related risks. We offer ideas and listen to others. This strategic

approach capitalizes on deep experience within the company, relationships beyond the company and a problem-solving, analytical approach. By combining this

approach with our Enterprise Risk Management (ERM) and long-range planning tools, we are positioning Noble to recognize regulatory and market signals and

adjust for them. Noble engages to ensure regulations apply to us are technically feasible and work. In this way we can anticipate, comply with and adjust to new

regulation, as well as legislation, international accords (e.g., Paris Agreement), and the market implications of climate change.

Noble’s recently established Climate Program will use its existing ERM process to further investigate and assess climate-related risks. As with many companies,

Noble faces a host of business risks, including operational, strategic, financial, regulatory, and environmental. To understand and manage these risks, Noble uses

an ERM process that integrates our long-range planning function and supports capital structure planning. Elements include, among others, cash flow at risk analysis,

credit risk management, a commodity hedging program to reduce the impacts of commodity price volatility, an insurance program to protect against disruptions in

our cash flows, a robust global compliance program, and government, regulatory and community relations initiatives. The Company benchmarks its ERM process

against peers and other global organizations.

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Importantly, this process helps us plan, organize and manage activities; to look for signposts that help us reorient our long-range plans and risk profiles so that they

remain logical and realistic. This approach supports nimble responses in order protect against disruptions to our cash flows and minimize earnings risks.

At the asset level, risks are assessed and identified at Noble sites. During the site feasibility stage, Noble’s planning group identifies risks and mitigation

opportunities that are specific to an asset or location. For example, as part of planning associated with climate adaption and resiliency, Noble conducts floodplain

siting evaluations and considers potential disruptions to water use. Additionally, if well sites are close to developments and/or populous areas, risks specific to that

location are identified and mitigation options are assessed, including whether to develop the site in that specific location. Asset and company level risk management

work together to provide platforms to share lessons learned and gained knowledge across other Noble Energy assets.

The EHSR department and the new Climate Program play key roles in this business risk management process as they partner with Business Unit managers, under

the direct guidance from executive level management.

(C2.2c) Which of the following risk types are considered in your organization's climate-related risk assessments?

Risk type Relevance & inclusion Please explain

Current regulation

Relevant, always included

Noble Energy’s operations are subject to federal, state and local

environmental laws and regulations. We comply with all

applicable rules and requirements. Noble also participates in

voluntary programs to reduce emissions and identify new

technologies for reducing emissions. We are constantly looking

for ways to reduce emissions while understanding the impacts on

our operations. We believe this approach provides business

opportunities and improves operating efficiencies. For example,

by hiring and training our own LDAR team, we have reduced our

cost of compliance and built a team of methane detection and

repair experts. Regulat ory c han ges in flue nce No ble En ergy’s ope rati ons st rat egy b ecau se of com plianc e with existin g rul es a nd th e p oten tial of the i mpa ct of com plianc e with f utu re regul ation s. Nobl e Ene rgy’s app roac h to GHG mana ge ment is to c ontin ually i mpr ove its met hods to accur ately c alcula te a nd redu ce GH Gs th rou gh b usiness pr actices and emissi on red uction pr ojects.

Emerging regulation

Relevant, always included Over the past five years, the U.S. federal agencies and state

agencies have developed rules related to greenhouse gas

emissions from Noble Energy’s operations. These rules have

recently or are currently being reviewed and revised. Noble

Energy engages deeply across the stakeholder spectrum to

identify the potential for regulation and engage in the

development of regulation. For example, in 2017 we worked with

industry, environmental and government partners in Colorado on

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updates to Regulation 7, which, when originally promulgated in

2014, was the first ever direct regulation of methane. Noble is

poised to comment on EPA’s NSPS OOOOa rule, which is

expected to be undergo additional rule revisions soon. See

section C12 for additional discussion of the Colorado rule

engagement and U.S. EPA rule engagement.

Technology

●Relevant, often included

Relevant , so meti mes incl ude d

Noble Energy monitors the development of technologies within

the industry and is poised to advance, field test and deploy

technologies as they become available. This practice originates

from a desire to increase operating efficiency, while reducing our

environmental footprint, including air emissions, and increasing

safety. This is evidenced by a host of actions we have taken in

recent years:

-In 2017, we began participating in the Stanford/EDF Mobile

Monitoring Challenge designed to test and compare technologies

that could be useful for rapid, mobile and/or remote detection and

quantification of methane leaks.

- We have developed a technology to allow product measurement

to occur without the need for field personnel to be exposed to

open thief hatches, thereby reducing emissions and increasing

safety.

- We have developed a measurement technique that was

accepted by BLM to allow pressurize measurement of oil without

the oil needing to be stored in tanks, thereby keeping associated

gas in the pipe and reducing tanks emissions. This technique

also reduces facility footprints and allows more well throughput to

be piped to a single gathering and processing facility

- We have designed our LDAR program to allow for detection

and repair by the same Noble trained personnel during the same

trip over 80% of the time, thereby increasing operating efficiency,

reducing leak related emissions more quickly and reducing truck

trips.

- We have evaluated emerging technologies to reduce emissions

associated with hydraulic fracturing. In 2017, we identified a

promising technology and went through the planning phase to

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evaluate whether we considered the technology to be a viable

approach to lowering emissions by replacing a duel fuel internal

combustion engine. Based on the design parameters and vendor

inputs, we have estimated a potential reduction per fracking event

in CO of >50% and NOX & NMHC (non-methane hydrocarbons)

of 45%. A pilot test is scheduled to verify these preliminary

estimates and validate how well this technology works when it is

deployed in the field.

Legal

Relevant, always included

Noble Energy routinely monitors the potential for changes to laws

or regulations in areas in which we operate. We are committed to

monitoring and mitigating our environmental risks, and to raising

our operating standards to reduce associated impacts of our

operations. We consider environmental protection to be an

integral part of achieving operational excellence. We manage our

efforts through a Global Environmental, Health and Safety

Management System (GMS). Additionally, as part of managing

legal risks, we validate the accuracy of statements, conduct peer

comparisons about ESG risks and opportunities, and hire

regulatory policy advisors. Through our proactive work to better

monitor and measure our legal risks, we are positioning to be

more resilient to legal risks.

Market

Relevant, not included

Noble’s new Climate Program will more fully investigate potential

impacts on markets associated with climate risk.

Additionally, Noble Energy is developing resources that are

allowing Israel to switch from coal-fired to natural gas-fired

electricity, creating a growing demand for its products. Our

commitment to Israel’s energy future began years ago with the

offshore natural gas discovery Mari B. The Tamar discovery

made the vision of a cleaner future a reality as it displaced coal

as the primary power source. Today, the Tamar gas field supplies

Israel with approximately 65 percent of the country’s power

needs. Yet burning coal still represents Israel’s largest source of

air pollution.. The Leviathan project is expected to be online by

the end of 2019, doubling the capacity for natural gas delivered

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from our assets into Israel and the region, and helping to clean

Israel’s air by reducing reliance on coal- powered energy.

Reputation

●Relevant, sometimes included

Within the oil and natural gas industry and its stakeholders, there

is clear evidence of an increasing awareness of climate change

issues. Not only have shareholder resolutions related to climate

change increased, but disclosure approaches have become more

numerous and varied. If unanswered, these activities pose a

reputational risk, if embraced, they can help the industry to be

better understood and to grow and innovate. To signal our

willingness to engage with stakeholders, Noble has created a

Climate Program that seeks to better understand and respond to

issues related to climate change.

Additionally, those opposed to-hydraulic fracturing around the

country continue to pose a reputational risk to the oil and gas

industry. As we consider new geographical areas in which to

operate, we evaluate and mitigate environmental, regulatory and

social above ground reputational risk. Examples include:

- Trading assets along urban interfaces for rural areas within oil

and gas basins.

- Leading an effort by industry to voluntarily reduce emissions

during summertime ozone episodes (with associated methane

benefits).

- Working with local governments and state agencies to

participate in a task for that seeking ways to reduce methane

emissions from pneumatic controllers.

- Participating in air quality studies to better understand the

nature of emissions.

- Engaging local communities before we engage in exploration and

production to learn what their concerns are and take them into

account as we proceed (e.g traffic and noise).

Acute physical

Not evaluated Noble operations could face physical risks associated with a

changing climate. As part of site planning, Noble conducts

floodplain siting evaluations and considers potential disruptions to

water use, both of which could be affected by changes to the

climate. We understand that extreme weather conditions increase

the Company’s operating costs, and damages may not be fully

insured. This could lead to the potential increased meta-ocean

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design criteria to operate under harsher storm conditions could

require more robust design of equipment. Additionally, any

severe weather increase in areas of the Company’s operations

could potentially impact its ability to conduct normal activities,

which could negatively affect revenue. Noble’s new Climate

Program will consider these risks.

Chronic physical

Not evaluated See explanation immediately above.

Upstream

Not evaluated See explanation immediately above; it applies to upstream

activities.

Downstream

Not evaluated Not applicable since Noble has no downstream business.

(C2.2d) Describe your process(es) for managing climate-related risks and opportunities.

Please see sections C2.2b and C12 for this information. As mentioned previously, under the direction of our Noble’s Board of Directors, we have created a

new Climate Program. This program will further consider and assess climate risks and opportunities. Communication on this top ic is forthcoming in the

coming months.

Risk disclosure

(C2.3) Have you identified any inherent climate-related risks with the potential to have a substantive financial or strategic impact on your

business?

● Yes

● No

(C2.3b) Why do you not consider your organization to have climate-related opportunities?

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Please explain

Evaluation in progress

Noble has recently established a Climate Program that will consider and evaluate climate risk and any associated financial or strategic impacts to our business. More information on this topic will be communicated in the coming months

Opportunity disclosure

(C2.4) Have you identified any climate-related opportunities with the potential to have a substantive financial or strategic impact on your

business?

● Yes

● Yes, we have identified opportunities but are unable to realize them

● No

(C2.4b) Why do you not consider your organization to have climate-related opportunities?

Please explain

Evaluation in progress

Noble has recently established a Climate Program that will consider and evaluate climate risk and any associated financial or strategic impacts to our business. More information on this topic will be communicated in the coming months

Business impact assessment

(C2.5) Describe where and how the identified risks and opportunities have impacted your business.

Area Impact Description

Products and services

● Not evaluated

Noble has recently established a Climate Program that will

consider and evaluate climate risk and any associated financial or

strategic impacts to our business. More information on this topic

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will be communicated in the coming months. As part of this effort

we will evaluate emerging standards, frameworks and guidelines

emanating from a variety of domestic and international

organizations including (e.g., Task Force for Climate Related

Financial Disclosures, the Sustainability Accounting Standards

Board, the UN).

Supply chain and/or value chain

● Not evaluated

See above.

Adaptation and mitigation activities

● Not evaluated

See above.

Investment in R&D

● Not evaluate

See above.

Operations

● Not evaluated

See above.

Other, please specify

● Not evaluated

See above.

Financial planning assessment

(C2.6) Describe where and how the identified risks and opportunities have factored into your financial planning process.

Area Relevance Description

Revenues

Not evaluated

Noble has recently established a Climate Program that will

consider and evaluate climate risk and any associated financial or

strategic impacts to our business. More information on this topic

will be communicated in the coming months. As part of this effort

we will evaluate emerging standards, frameworks and guidelines

emanating from a variety of domestic and international

organizations (e.g., Task Force for Climate Related Financial

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Disclosures, the Sustainability Accounting Standards Board, the

UN).

Operating costs

Not evaluated See above

Capital expenditures/capital allocation

Not evaluated See above

Acquisitions and divestments

Not evaluated See above

Access to capital

Not evaluated See above

Assets

Not evaluated See above

Liabilities

Not evaluated See above.

Other

Not evaluated

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C3 Business strategy

Business strategy

(C3.1) Are climate-related issues integrated into your business strategy?

● Yes

● No (However new Climate Program will consider and evaluate climate issues).

(C3.1f) Why are climate-related issues not integrated into your business objectives and strategy?

Noble recognizes that climate change is the subject of global focus among governments, investors and the public. Noble remains committed to adapting and

improving methods for developing energy resources so that we can protect assets and adjust, as necessary, to changing risk factors. Under the direction of the

Board of Directors, Noble recently established a new Climate Program that will more deeply evaluate and manage for climate risk. Further communication on this

topic is forthcoming. As part of this program we will evaluate emerging standards, frameworks and guidelines emanating from a variety of domestic and international

organizations including (e.g., Task Force for Climate Related Financial Disclosures, the Sustainability Accounting Standards Board, the UN).

Additionally, the newly formed Noble Safety, Sustainability and Corporate Responsibility (SSCR) Committee assists the Board in shaping business strategy to reflect

a host of external risks, including those associated with climate (see page 11 for further details).

(C3.1g) Why does your organization not use climate-related scenario analysis to inform your business strategy?

As mentioned above, Noble recently created a Climate Program, which will more deeply evaluate a host of climate related considerations and scenarios affecting our

business. Further communication on this topic is forthcoming.

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C4 Targets and performance

Targets

(C4.1) Did you have an emissions target that was active in the reporting year?

● Absolute target

● Intensity target

● Both absolute and intensity targets

● No target

(C4.1c) Explain why you do not have an emissions target, and forecast how your emissions will change over the next five years.

Primary reason Five-year forecast Please explain

● We are planning to introduce a target in the next two years

● Important but not an immediate business priority

● Judged to be unimportant, explanation provided

● Lack of internal resources

● Insufficient data on operations

● No instruction from management

● Other, please specify

Noble Energy does not currently have a forecast for specific

emissions reductions and is reviewing multi-year forecasts.

Noble places high importance on achieving compliance with

all applicable air quality rules and regulations. We have

teams that work to interpret these regulatory requirements,

implement them and achieve compliance.

Overall in 2017, our global direct greenhouse gas emissions

decreased by four percent. During the year, we acquired

Clayton Williams Energy, which had extensive holdings in

Texas. Emissions from these operations have been added in

our environmental database and emissions inventory. The

newly acquired assets are being upgraded to comply with our

standard operating practices (SOPs), which include an audit

of all facilities, analysis and corrective planning and

completion of all upgrades. Notably, these new operations

have contributed to a 67 percent increase in our global

indirect greenhouse gas emissions (a smaller measure driven

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primarily by higher electricity use). As a result, our total

greenhouse gas emissions intensity, measured as tons of

carbon dioxide equivalent per thousand barrels of oil

equivalent production, rose slightly, from 13 to 14. We

anticipate that our efforts - completed and ongoing - to bring

the newly acquired assets up to our operating standards will

bring reductions in these areas. The foregoing explanation

exemplifies why it can be misleading to establish absolute

emissions targets. As such, Noble continues to evaluate

options for the most representative ways to target emissions.

The new Climate Program will consider targeting options.

Other climate-related targets

(C-OG4.2a) Explain, for your oil and gas production activities, why you do not have a methane-specific emissions reduction target or do

not incorporate methane into your targets reported in C4.2, and forecast how your methane emissions will change over the next five years.

Please see response to C4.1c, above. Please also see Section C12 for discussion on proactive measures Noble currently takes to reduce methane

emissions while increasing operating efficiencies, even though we currently do not utilize emission reduction targets.

Emissions reduction initiatives

(C4.3) Did you have emissions reduction initiatives that were active within the reporting year? Note that this can include those in the

planning and/or implementation phases.

● Yes

● No

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(C4.3a) Identify the total number of projects at each stage of development, and for those in the implementation stages, the estimated CO2e

savings.

Stage of development Number of projects Total estimated annual CO2e savings in metric tons CO2e

(only for rows marked *)

Under investigation

0 0

To be implemented*

0 0

Implementation commenced*

0 0

Implemented*

2

95699

Not to be implemented

0 0

(C4.3b) Provide details on the initiatives implemented in the reporting year in the table below.

Activity type Description of

activity

Estimated

annual CO2e

savings (metric

tons CO2e)

Scope Voluntary/

Mandatory

Annual

monetary

savings (unit

currency, as

specified in

C0.4)

Investment

required (unit

currency, as

specified in

C0.4)

Payback

period

Estimated

lifetime of the

initiative

Comment

Process

emissions

reduction

New

equipment

91,447 Scope 1 M Mandatory 1,092,904 1,500,000 1-3 years >30 years Noble Energy

installs Vapor

Recovery Units

(VRUs) at

many of its

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newly

constructed

well pad

facilities in the

United States.

VRUs are

commonly

used to capture

fumes for

further use,

while reducing

flaring and

volatile organic

compound

(VOC)

emissions. The

Company has

invested

millions of

dollars to install

more than 200

VRUs in its US

Onshore

operations.

Estimated

monetary

savings are

around

363,091

thousand scf x

$3.01/thousand

scf =

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$1,092,904

USD, with a 2

year payback

period.

In addition,

Noble also

uses solar

energy to

power various

on-well

chemical

injection

pumps and

telemetry

systems.

Fugitive

emissions

reductions

Oil/natural gas

methane leak

capture/prevention

914252

Scope 1

Mandatory

37837 700000 16-20 years >30 years Proactively

identifying

maintenance

opportunities

can help

reduce air

emissions and

costs, while

increasing the

quantity of

natural gas

available for

sale. Noble

Energy has a

team of

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individuals that

monitor work

sites with

infrared

cameras to

detect natural

gas leaks

(Scope 1

emissions) that

cannot be seen

with the naked

eye. Most of

the inspections

are mandatory

in the DJ

Basin. For this

reporting year,

most of the

emission

reduction due

to this program

was initiated at

sites located in

TXBU, with an

estimated

4,252 metric

tons CO2e

reduced and

$37,837 USD

saved with a

payback period

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approximately

20 years.

(C4.3c) What methods do you use to drive investment in emissions reduction activities?

Method Comment

Employee engagement

Noble Energy has internal resources (e.g., employee webpage, newsletter and meetings

to assist integration among business functions and environmental and community

relations teams) that raise awareness among employees of efforts by the Company to

reduce emissions. They include news about engagement on methane regulations,

emission reduction technologies the company is evaluating/employing and opportunities

for engagement with field personnel to seek and advance recommendations on emission

reduction initiatives. These opportunities extend to summer interns. We also hold

recurring “Lunch and Learns” with non-environmental teams to increase awareness,

which have created knowledgeable allies in other groups to watch for opportunities and

risks.

Partnering with governments on technology development

Noble Energy committed $5 million over five years to Weld County school districts to

support the conversion and purchase of new CNG-fueled school buses. This project not

only helps local school districts replace aging buses, it also helps the region expand the

market for CNG. By the end of 2017, 49 CNG school buses were in operation, which

means that Noble Energy is closing in on the goal of donating 75 buses by the end of

2018. Through this commitment, Noble works with local and federal agencies to secure

matching funds to convert as many buses as possible as well as support infrastructure

development to enhance the ability of natural gas cars, trucks and vehicle fleets to grow

in Colorado. In addition, the lower cost of CNG saves the districts an average of $3,500

per bus each year.

Noble is also engaging/partnering with government agencies (e.g., State of Colorado and

EPA), NGOs (e.g., EDF) and academic institutions (e.g., Colorado State University) to

advance methane detection and measurement technologies and better understand how

pneumatic devices can operate with lower emissions. Another example includes

cooperation with local and federal governments on a pneumatic controller assessment to

reduce emissions where reductions are available.

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Low-carbon products

(C4.5) Do you classify any of your existing goods and/or services as low-carbon products or do they enable a third party to avoid GHG

emissions?

● Yes

● No

(C4.5a) Provide details of your products and/or services that you classify as low-carbon products or that enable a third party to avoid GHG

emissions.

Level of aggregation Description of product/

Group of products

Are these low-carbon

product(s) or do they enable

avoided emissions?

Taxonomy, project, or

methodology used to

classify product(s) as low-

carbon or to calculate

avoided emissions

% revenue from low-carbon

product(s) in the reporting

year

Comment

● Company-wide

As a producer of natural gas,

Noble Energy increases the

ability for end users to

substitute higher GHG fossil

fuels with cleaner-burning

fuels.

Noble also uses solar energy

to power various on-well

chemical injection pumps and

telemetry systems.

● Avoided emissions

● Other, please specify

Emission factor differences

40%

Methane reduction efforts

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(C-OG4.6) Describe your organization’s efforts to reduce methane emissions from oil and gas production activities.

Reducing methane emissions continues to be an environmental priority. To minimize these emissions, we employ best management practices such as using

available direct pipeline take-away access for our produced gas and oil and install instrument air skids to power pneumatic devices. We also control emissions and

minimize flaring of gas by recovering or re-injecting natural gas and create integrated development plans ensuring there is capacity in the pipeline for Noble

produced gas, thereby minimizing or eliminating the need to flare produced gas. In 2017, we prevented emitting more than 2 billion cubic feet of methane making it

standard design to have vapor recovery units on facilities in the U.S.

Methane intensity (total methane emitted expressed as a percentage of natural gas production) held steady in 2017. Intensity was 0.18 percent compared to 0.15

percent in 2016. We will evaluate this concept more deeply as part of the new Climate Program.

We continue to evolve the design of our production facilities to produce oil and natural gas with fewer air emissions, including those emissions for which there are

public health standards (e.g., ozone and particulate matter). In the DJ Basin, for example, the fourth-generation Econode (Production facilities) consolidates well pad

operations by achieving sales quality oil within process equipment and discharging oil directly into the pipeline. This eliminates production tanks from facility designs

in most cases, thereby eliminating the need for potential VOC, NOx and particulate emission sources such as trucks, tanks and combustion equipment that reduce

visibility and contribute to ozone. Use of our Gen 4 EcoNodes in the DJ Basin contributed to a reduction of more than 30 percent in our onshore U.S. emissions of

VOCs, an ozone precursor, in 2017. The lessons learned from this success are now being applied to our growing Permian Basin and Eagle Ford Shale operations in

Texas.

Leak detection and repair

(C-OG4.7) Does your organization conduct leak detection and repair (LDAR) or use other methods to find and fix fugitive methane

emissions from oil and gas production activities?

● Yes

● No, we do not have a program in place

● No, this is not relevant to our operations

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(C-OG4.7a) Describe the protocol through which methane leak detection and repair or other leak detection methods, are conducted for oil

and gas production activities, including predominant frequency of inspections, estimates of assets covered, and methodologies employed.

Noble takes the initiative to identify maintenance opportunities that can help reduce air emissions and operating costs, while increasing the quantity of natural gas

available for sale. This “keep it in the pipe” strategy is comprised of a team of individuals that monitor work sites with infrared cameras to detect natural gas leaks

(Scope 1 emissions) that cannot be seen with the naked eye. Most of the inspections are now mandatory in the DJ Basin as a result of Colorado Regulation 7, which

Noble helped to develop in 2014. With dedicated staff assigned to the program, the Company is able to find and fix most leaks on the spot.

Flaring reduction efforts

(C-OG4.8) If flaring is relevant to your oil and gas production activities, describe your organization’s efforts to reduce flaring, including any

flaring reduction targets.

Reducing methane emissions continues to be a top environmental priority. To minimize these emissions, we employ best manageme nt practices such as

using available direct pipeline take-away access and instrument air pneumatic devices. We also control emissions and minimize flaring of gas by recovering

or re-injecting natural gas, actively pursuing sufficient take-away capacity for associated produced gas, utilizing tankless well completions and product

measurement. In 2017, we prevented emitting more than 2 billion cubic feet of methane through increased use of vapor recovery units in the U.S. Th e new

Climate Program will consider additional flaring reduction opportunities and targets.

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C5 Emissions methodology

Base year emissions

(C5.1) Provide your base year and base year emissions (Scopes 1 and 2).

Scope Base year start Base year end Base year emissions (metric tons

CO2e)

Comment

Scope 1

01/01/2012

31/12/2012

2078600

Scope 2 (location-based)

01/01/2012

31/12/2012

61630

Scope 2 (market-based)

Emissions methodology

(C5.2) Select the name of the standard, protocol, or methodology you have used to collect activity data and calculate Scope 1 and Scope 2

emissions.

● ABI Energia Linee Guida

● Act on the Rational Use of Energy

● American Petroleum Institute Compendium of Greenhouse Gas Emissions Methodologies for the Oil and Natural Gas Industry, 2009

● Australia - National Greenhouse and Energy Reporting Act

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● Bilan Carbone

● Brazil GHG Protocol Programme

● Canadian Association of Petroleum Producers, Calculating Greenhouse Gas Emissions, 2003

● China Corporate Energy Conservation and GHG Management Programme

● Defra Voluntary 2017 Reporting Guidelines

● ENCORD: Construction CO2e Measurement Protocol

● Energy Information Administration 1605B

● Environment Canada, Sulphur hexafluoride (SF6) Emission Estimation and Reporting Protocol for Electric Utilities

● Environment Canada, Aluminum Production, Guidance Manual for Estimating Greenhouse Gas Emissions

● Environment Canada, Base Metals Smelting/Refining, Guidance Manual for Estimating Greenhouse Gas Emissions

● Environment Canada, Cement Production, Guidance Manual for Estimating Greenhouse Gas Emissions

● Environment Canada, Primary Iron and Steel Production, Guidance Manual for Estimating Greenhouse Gas Emissions

● Environment Canada, Lime Production, Guidance Manual for Estimating Greenhouse Gas Emissions

● Environment Canada, Primary Magnesium Production and Casting, Guidance Manual for Estimating Greenhouse Gas Emissions

● Environment Canada, Metal Mining, Guidance Manual for Estimating Greenhouse Gas Emissions

● EPRA (European Public Real Estate Association) guidelines, 2011

● European Union Emission Trading System (EU ETS): The Monitoring and Reporting Regulation (MMR) – General guidance for installations

● European Union Emissions Trading System (EU ETS): The Monitoring and Reporting Regulation (MMR) – General guidance for aircraft operators

● Hong Kong Environmental Protection Department, Guidelines to Account for and Report on Greenhouse Gas Emissions and Removals for

Buildings, 2010

● ICLEI Local Government GHG Protocol

● India GHG Inventory Programme

● International Wine Industry Greenhouse Gas Protocol and Accounting Tool

● IPCC Guidelines for National Greenhouse Gas Inventories, 2006

● IPIECA's Petroleum Industry Guidelines for reporting GHG emissions, 2003

● IPIECA’s Petroleum Industry Guidelines for reporting GHG emissions, 2nd edition, 2011

● ISO 14064-1

● Japan Ministry of the Environment, Law Concerning the Promotion of the Measures to Cope with Global Warming, Superceded by Revision of the

Act on Promotion of Global Warming Countermeasures (2005 Amendment)

● Korea GHG and Energy Target Management System Operating Guidelines

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● New Zealand - Guidance for Voluntary, Corporate Greenhouse Gas Reporting

● Philippine Greenhouse Gas Accounting and Reporting Programme (PhilGARP)

● Programa GEI Mexico

● Regional Greenhouse Gas Initiative (RGGI) Model Rule

● Smart Freight Centre: GLEC Framework for Logistics Emissions Methodologies

● Taiwan - GHG Reduction Act

● Thailand Greenhouse Gas Management Organization: The National Guideline Carbon Footprint for organization

● The Climate Registry: Electric Power Sector (EPS) Protocol

● The Climate Registry: General Reporting Protocol

● The Climate Registry: Local Government Operations (LGO) Protocol

● The Climate Registry: Oil & Gas Protocol

● The Cool Farm Tool

● The GHG Indicator: UNEP Guidelines for Calculating Greenhouse Gas Emissions for Businesses and Non-Commercial Organizations

● The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (Revised Edition)

● The Greenhouse Gas Protocol Agricultural Guidance: Interpreting the Corporate Accounting and Reporting Standard for the Agricultural Sector

● The Greenhouse Gas Protocol: Public Sector Standard

● The Tokyo Cap-and Trade Program

● US EPA Climate Leaders: Direct Emissions from Iron and Steel Production

● US EPA Climate Leaders: Direct Emissions from Municipal Solid Waste Landfilling

● US EPA Climate Leaders: Direct HFC and PFC Emissions from Manufacturing Refrigeration and Air Conditioning Equipment

● US EPA Climate Leaders: Direct HFC and PFC Emissions from Use of Refrigeration and Air Conditioning Equipment

● US EPA Climate Leaders: Indirect Emissions from Purchases/ Sales of Electricity and Steam

● US EPA Climate Leaders: Direct Emissions from Stationary Combustion

● US EPA Climate Leaders: Direct Emissions from Mobile Combustion Sources

● US EPA Mandatory Greenhouse Gas Reporting Rule

● WBCSD: The Cement CO2 and Energy Protocol

● World Steel Association CO2 emissions data collection guidelines

● Other, please specify

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C6 Emissions data

Scope 1 emissions data

(C6.1) What were your organization’s gross global Scope 1 emissions in metric tons CO2e?

Gross global Scope 1 emissions (metric tons CO2e) Comment

2438670 Text field [maximum 2,400 characters]

Scope 2 emissions reporting

(C6.2) Describe your organization's approach to reporting Scope 2 emissions.

Scope 2, location-based Scope 2, market-based Comment

● We are reporting a Scope 2, location-based figure

● We are not reporting a Scope 2, location-based figure

● We are reporting a Scope 2, market-based figure

● We have no operations where we are able to access

electricity supplier emission factors or residual emission

factors, and are unable to report a Scope 2, market-based

figure

● We have operations where we are able to access electricity

supplier emission factors or residual emissions factors, but are

unable to report a Scope 2, market-based figure

Scope 2 emissions data

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(C6.3) What were your organization's gross global Scope 2 emissions in metric tons CO2e?

Scope 2, location-based Scope 2, market-based (if applicable) Comment

38438

The 2017 Scope 2 emission metrics are higher than 2016 Scope

2 emission metrics because (2) field offices energy consumption

was not factored in the 2016 Scope 2 emission metrics. This was

because we recently acquired these 2 field offices mid-year in

2017 and we noted this in our 2017 CDP report, as well as, here

in our 2018 CDP response.

Exclusions

(C6.4) Are there any sources (e.g., facilities, specific GHGs, activities, geographies) of Scope 1 and Scope 2 emissions that are within your

selected reporting boundary which are not included in your disclosure?

● Yes

● No

Scope 3 emissions data

(C6.5) Account for your organization’s Scope 3 emissions, disclosing and explaining any exclusions.

Sources of Scope 3

emissions

Evaluation status Metric tons CO2e Emissions calculation

methodology

Percentage of emissions

calculated using data

obtained from suppliers or

value chain partners

Explanation

Purchased goods and services

● Not evaluated

Capital goods

● Not evaluated

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Fuel-and-energy-related

activities (not included in

Scope 1 or 2)

● Not evaluated

Upstream transportation and

distribution

● Not evaluated

Waste generated in operations

● Not evaluated

Business travel

● Relevant, calculated

4591.56

EPA Climate Leaders

Guidance

100

Employee commuting

● Relevant, calculated

8745.67 EPA Climate Leaders

Guidance

0

Upstream leased assets

● Not evaluated

Downstream transportation

and distribution

● Not evaluated

Processing of sold products

● Not evaluated

Use of sold products

● Relevant, calculated

27462289 EPA Subpart W Combustion.

0

This was calculated by taking

the natural gas sold value from

the 2017 Annual Report and

assuming it was all combusted

by downstream customers.

End of life treatment of sold

products

● Not relevant, explanation

provided

Noble Energy investigated the

relevance of this Scope 3

source and concluded this

source is not relevant due to

the fact that GHG life cycle

assessments of petroleum

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fuels do not include an “end-of-

life treatment of sold products”

stage, as our products are

consumed during use.

Downstream leased assets

● Not relevant, explanation

provided

Noble Energy does not have

any downstream leased assets

at the current time so our

emissions are zero.

Franchises

● Not relevant, explanation

provided

Noble Energy does have any

franchises at the current time

so our emissions are zero.

Investments

● Not evaluated

We have a midstream

company that is not included in

our numbers.

Other (upstream)

● Not relevant, explanation

provided

There are no activities

upstream of Noble Energy and

any work done on its operated

site is included in the Scope 1

emissions inventory.

Therefore, any emissions from

hydraulic fracturing, drilling, or

workover operations conducted

by contractors are included in

the Noble Energy Scope 1

inventory. Therefore, our

Scope 3 emissions from other

sources are zero.

Other (downstream)

● Not evaluated

The re

Emissions from biologically sequestered carbon

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(C6.7) Are carbon dioxide emissions from biologically sequestered carbon relevant to your organization?

Change from 2017

No change (2017 CC8.9)

Connection to other frameworks

SDG

Goal 7: Affordable and clean energy

Response options

Select one of the following options:

● Yes

● No

Emissions intensities

(C6.10) Describe your gross global combined Scope 1 and 2 emissions for the reporting year in metric tons CO2e per unit currency total

revenue and provide any additional intensity metrics that are appropriate to your business operations.

Intensity figure Metric numerator

(Gross global

combined Scope 1

and 2 emissions)

Metric denominator Metric denominator:

Unit total

Scope 2 figure used % change from

previous year

Direction of change Reason for change

0.00054

2281639

● unit total revenue

● barrel of oil

equivalent (BOE)

● billion (currency)

funds under

management

● full time equivalent

(FTE) employee

● kilometer

4256000000

● Location-based

● Market-based

26

● Increased

● Decreased

● No change

Our revenue

increased due to

higher sales volumes

of liquid in 2017. This

increase in revenue

led to overall

decreases in intensity.

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● liter of product

● megawatt hour

generated (MWh)

● megawatt hour

transmitted (MWh)

● metric ton of

product

● ounce of gold

● ounce of platinum

● passenger

kilometer

● room night

produced

● square foot

● square meter

● metric ton of

aggregate

● metric ton of

aluminum

● metric ton of coal

● metric ton of ore

processed

● metric ton of steel

● unit hour worked

● unit of production

● unit of service

provided

● vehicle produced

● Other, please

specify

Emissions intensities: Oil and gas

(C-OG6.12) Provide the intensity figures for Scope 1 emissions (metric tons CO2e) per unit of hydrocarbon category.

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Unit of hydrocarbon

category (denominator)

Metric tons CO2e from

hydrocarbon category per

unit specified

% change from previous

year

Direction of change Reason for change Comment

Select all that apply:

● Thousand barrels of crude

oil / condensate

● Thousand barrels of natural

gas liquids

● Thousand barrels of oil

sands (includes bitumen

and synthetic crude)

● Million cubic feet of natural

gas

● Thousand barrels of

refinery throughput

● Thousand barrels of

refinery net production

● Thousand metric tons of

‘high value chemicals’

(lower olefins)

● Other, please specify

43

10

Select from:

● Increased

● Decreased

● No change

Noble used thousand barrels of

oil equivalent as denominator

here which gas volume is

converted to BOE. The

emissions between 2016 and

2017 decreased, however,

there was an increase in

oil/condensate liquid

production in 2017.

(C-OG6.13) Report your methane emissions as percentages of natural gas and hydrocarbon production or throughput.

Oil and gas business division Estimated total methane emitted expressed

as % of natural gas production or throughput

at given division

Estimated total methane emitted expressed

as % of total hydrocarbon production or

throughput at given division

Comment

Select all that apply:

● Upstream

● Downstream

● Chemicals

● Other, please specify

0.220 0.110

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C7 Emissions breakdown

Scope 1 breakdown: GHGs

(C7.1) Does your organization have greenhouse gas emissions other than carbon dioxide?

● Yes

● No

● Don’t know

(C7.1a) Break down your total gross global Scope 1 emissions by greenhouse gas type and provide the source of each used global

warming potential (GWP).

Greenhouse gas Scope 1 emissions (metric tons in CO2e) GWP Reference

Select from:

● CO2

● CH4

● N2O

● HFCs

● PFCs

● SF6

● NF3

● Other, please specify

1908609

Select from:

● IPCC Fifth Assessment Report (AR5 – 100 year)

● IPCC Fourth Assessment Report (AR4 - 100 year)

● IPCC Third Assessment Report (TAR - 100 year)

● IPCC Second Assessment Report (SAR - 100 year)

● IPCC Fourth Assessment Report (AR4 - 50 year)

● IPCC Third Assessment Report (TAR - 50 year)

● IPCC Second Assessment Report (SAR - 50 year)

● IPCC Fifth Assessment Report (AR5 – 20 year)

● IPCC Fourth Assessment Report (AR4 - 20 year)

● IPCC Third Assessment Report (TAR - 20 year)

● IPCC Second Assessment Report (SAR - 20 year)

● Other, please specify

● CH4

523397 ● IPCC Fourth Assessment Report (AR4 - 100 year)

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● N2O

6664 ● IPCC Fourth Assessment Report (AR4 - 100 year)

(C-OG7.1b) Break down your total gross global Scope 1 emissions from oil and gas value chain production activities by greenhouse gas

type.

Emissions category Gross Scope 1 CO2 emissions

(metric tons CO2)

Gross Scope 1 methane emissions

(metric tons CH4)

Total gross Scope 1 GHG

emissions (metric tons CO2e)

Comment

Fugitives (Oil: Total)

173261.31

9530.77

411621.49

Fugitives (Oil: Venting)

492.64

6720.47

168504.44

Fugitives (Oil: Flaring)

172638.48

1049.23

198960.22

Fugitives (Oil: E&P, excluding venting

and flaring)

130.19

1761.07

44156.83

Fugitives (Oil: All other)

0

0

0

Fugitives (Gas: Total)

153620.66

8450.37

364960.68

Fugitives (Gas: Venting)

436.79

5958.65

149403.02

Fugitives (Gas: Flaring)

153068.44

930.29

176406.38

Fugitives (Gas: E&P, excluding

venting and flaring)

115.43

1561.43

35151.28

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Fugitives (Gas: Midstream)

0

0

0

Fugitives (Gas: All other)

0

0

0

Combustion (Oil: Upstream, excluding

flaring)

822279.72

1564.97

863381.27

Combustion (Gas: Upstream,

excluding flaring)

729067.31

1387.57

765509.65

Combustion (Refining)

0

0

0

Combustion (Chemicals production)

0

0

0

Combustion (Electricity generation)

0

0

0

Combustion (Other)

0

0

0

Process emissions

0

0

0

Emissions not elsewhere classified

30379.64

2.19

33196.53

Mobile sources directly associated

with operations

Scope 1 breakdown: country

(C7.2) Break down your total gross global Scope 1 emissions by country/region.

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Country/Region Scope 1 emissions (metric tons CO2e)

United States of America

1542355

Equatorial Guinea

689572

Israel

206743

Scope 1 breakdown: business breakdown

(C7.3) Indicate which gross global Scope 1 emissions breakdowns you are able to provide.

● By business division

● By facility

● By activity

(C7.3c) Break down your total gross global Scope 1 emissions by business activity.

Activity Scope 1 emissions (metric tons CO2e)

Combustion

1628891

Flaring 375367

Fugitive 83308

Mobile 33197

Venting 317907

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Scope 1 breakdown: sector production activities

(C-CE7.4/C-CH7.4/C-CO7.4/C-EU7.4/C-MM7.4/C-OG7.4/C-ST7.4/C-TO7.4/C-TS7.4) Break down your organization’s total gross global Scope 1

emissions by sector production activity in metric tons CO2e.

Sector production activity Gross Scope 1 emissions, metric tons CO2e Comment

Oil and gas production activities (upstream)**

2438670

Oil and gas production activities (downstream)**

0

Scope 2 breakdown: country

(C7.5) Break down your total gross global Scope 2 emissions by country/region.

Country/Region Scope 2, location-based (metric

tons CO2e)

Scope 2, market-based (metric tons

CO2e)

Purchased and consumed

electricity, heat, steam or cooling

(MWh)

Purchased and consumed low-

carbon electricity, heat, steam or

cooling accounted in market-based

approach (MWh)

United States of America

34437

0

54637

0

Israel

4001

0

5427

0

Equatorial Guinea

0

0

0

0

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Scope 2 breakdown: business breakdowns

(C7.6) Indicate which gross global Scope 2 emissions breakdowns you are able to provide.

● By business division

● By facility

● By activity

(C7.6a) Break down your total gross global Scope 2 emissions by business division.

Business division Scope 2, location-based (metric tons CO2e) Scope 2, market-based (metric tons CO2e)

Corporate Offices

7016

0

Field

31422

0

Scope 2 breakdown: sector production activities

(C-CE7.7/C-CH7.7/C-CO7.7/C-MM7.7/C-OG7.7/C-ST7.7/C-TO7.7/C-TS7.7) Break down your organization’s total gross global Scope 2

emissions by sector production activity in metric tons CO2e.

Sector production activity Scope 2, location-based, metric tons CO2e Scope 2, market-based (if applicable), metric

tons CO2e

Comment

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Oil and gas production activities (upstream)*

31422 0

Oil and gas production activities (downstream)*

0 0

Emissions performance

(C7.9) How do your gross global emissions (Scope 1 and 2 combined) for the reporting year compare to those of the previous reporting

year?

● Increased

● Decreased

● Remained the same overall

● This is our first year of reporting, so we cannot compare to last year

● We don’t have any emissions data

(C7.9a) Identify the reasons for any change in your gross global emissions (Scope 1 and 2 combined), and for each of them specify how

your emissions compare to the previous year.

Reason Change in emissions (metric tons

CO2e)

Direction of change Emissions value (percentage) Please explain calculation

Change in renewable energy

consumption

0 ● No change

0 Noble Energy had no change in

renewable energy consumption.

Other emissions reduction activities

35130

● Decreased

1.38

Associated gas flaring decreased in

DJ Basin Gathering & Boosting

operations from 2016 to 2017,

resulting in a decrease of 35,130

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tonnes CO2e. This value divided by

last year's gross global emissions of

2,543,127 tonnes CO2e resulted in a

reduction of 1.38%.

Divestment

31577 ● Decreased

1.24 There were several divestitures in

2016 from certain properties in

Noble's Marcellus Shale, DJ Basin,

and Eagleford properties. Due to the

difficulty of calculating the exact

decrease of divested properties from

larger business units, the 1.24%

decrease is calculated only from the

Marcellus Shale divestment. A

decrease of 31,577 tonnes CO2e

resulted in a 1.24% decrease.

(31,577/2,543,127)*100 = 1.24%

Acquisitions

99505 ● Increased

3.91 Noble Energy acquired the Clayton

Williams in 2017. The added

emissions (99,505) divided by last

year's total (2,543,127) gave us a

3.91% increase.

(99,505/2,543,127)*100 = 3.91%

Mergers

0 ● No change

0 Noble Energy reported no mergers in

2017.

Change in output

145511 ● Decreased

5.72 The 5.72% listed here represents the

reduction in flaring from offshore

Equatorial Guinea operations from

2016 to 2017. The reason for the

reduction was less input into the

facility, which resulted in a decrease

of 145,511 tonnes CO2e.

(145,511/2,543,127)*100 = 5.72%

Change in methodology

0 ● No change

0 There is no methodology change for

emission calculations for year 2017.

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Change in boundary

8643 ● Decreased

0.34 The 0.34% listed here represents the

reduction in mobile fuel usage in

offshore Falklands. The reason for the

reduction was no operations in year

2017, which resulted in a decrease of

8,643 tonnes CO2e.

(8,643/2,543,127)*100 = 0.34%.

Change in physical operating

conditions

92535 ● Increased

3.64 There were several changes in

operating conditions that resulted in

the overall increase of 3.64%. The

increased operation activities in

Permian area caused an emission

increase of 46,007 tonnes CO2e.

There was also increased emissions

from Noble's Eastern Mediterranean

operations (46,528 tonnes CO2e).

[(46,007+46,528))/2,543,127]*100 =

3.64%.

Unidentified

0 ● No change

0 Noble Energy had no unidentified

changes.

Other

0 ● No change

0 Noble Energy had no other changes.

(C7.9b) Are your emissions performance calculations in C7.9 and C7.9a based on a location-based Scope 2 emissions figure or a market-

based Scope 2 emissions figure?

● Location-based

● Market-based

● Don’t know

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C8 Energy

Energy spend

(C8.1) What percentage of your total operational spend in the reporting year was on energy?

● 0%

● More than 0% but less than or equal to 5%

● More than 5% but less than or equal to 10%

● More than 10% but less than or equal to 15%

● More than 15% but less than or equal to 20%

● More than 20% but less than or equal to 25%

● More than 25% but less than or equal to 30%

● More than 30% but less than or equal to 35%

● More than 35% but less than or equal to 40%

● More than 40% but less than or equal to 45%

● More than 45% but less than or equal to 50%

● More than 50% but less than or equal to 55%

● More than 55% but less than or equal to 60%

● More than 60% but less than or equal to 65%

● More than 65% but less than or equal to 70%

● More than 70% but less than or equal to 75%

● More than 75% but less than or equal to 80%

● More than 80% but less than or equal to 85%

● More than 85% but less than or equal to 90%

● More than 90% but less than or equal to 95%

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● More than 95% but less than or equal to 100%

● Don’t know

Energy-related activities

(C8.2) Select which energy-related activities your organization has undertaken.

Activity Indicate whether your organization undertakes this energy-related activity

Consumption of fuel (excluding feedstocks)

Yes

Consumption of purchased or acquired electricity

Yes

Consumption of purchased or acquired heat

No

Consumption of purchased or acquired steam

No

Consumption of purchased or acquired cooling

No

Generation of electricity, heat, steam, or cooling

Yes

(C8.2a) Report your organization’s energy consumption totals (excluding feedstocks) in MWh.

Activity Heating value MWh from renewable sources MWh from non-renewable sources Total MWh

● HHV (higher heating value)

0

7035163

7035163

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Consumption of fuel (excluding

feedstock)

Consumption of purchased or

acquired electricity

N/A

60064 60064

Consumption of purchased or

acquired heat

N/A 0

0

0

Consumption of purchased or

acquired steam

N/A 0

0

0

Consumption of purchased or

acquired cooling

N/A 0

0

0

Consumption of self-generated non-

fuel renewable energy

N/A 0

N/A

0

Total energy consumption

N/A 0 0

7095226

(C8.2b) Select the applications of your organization’s consumption of fuel.

Fuel application Indicate whether your organization undertakes this fuel application

Consumption of fuel for the generation of electricity

Yes

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Consumption of fuel for the generation of steam

No

Consumption of fuel for the generation of cooling

No

Consumption of fuel for co-generation or tri-generation

No

(C8.2c) State how much fuel in MWh your organization has consumed (excluding feedstocks) by fuel type.

Fuels Heating value Total MWh consumed by the organization MWh consumed for self-generation of

electricity

Acetylene; Agricultural Waste; Alternative Kiln

Fuel (Wastes); Animal Fat; Animal/Bone Meal;

Anthracite Coal; Asphalt; Aviation Gasoline;

Bagasse; Bamboo; Basic Oxygen Furnace Gas

(LD Gas); Biodiesel; Biodiesel Tallow; Biodiesel

Waste Cooking Oil; Bioethanol; Biogas;

Biogasoline; Biomass Municipal Waste;

Biomethane; Bitumen; Bituminous Coal; Black

Liquor; Blast Furnace Gas; Brown Coal

Briquettes (BKB); Burning Oil; Butane; Butylene;

Charcoal; Coal; Coal Tar; Coke; Coke Oven

Gas; Coking Coal; Compressed Natural Gas

(CNG); Condensate; Crude Oil; Crude Oil Extra

Heavy; Crude Oil Heavy; Crude Oil Light;

Diesel; Distillate Oil; Dried Sewage Sludge;

Ethane; Ethylene; Fuel Gas; Fuel Oil Number 1;

Fuel Oil Number 2; Fuel Oil Number 4; Fuel Oil

Number 5; Fuel Oil Number 6; Gas Coke; Gas

Oil; Gas Works Gas; GCI Coal; General

Municipal Waste; Grass; Hardwood; Heavy Gas

Oil; Hydrogen; Industrial Wastes; Isobutane;

Isobutylene; Jet Gasoline; Jet Kerosene;

Kerosene; Landfill Gas; Light Distillate; Lignite

Coal; Liquefied Natural Gas (LNG); Liquefied

● HHV

8083 0

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Petroleum Gas (LPG); Liquid Biofuel;

Lubricants; Marine Fuel Oil; Marine Gas Oil;

Metallurgical Coal; Methane; Motor Gasoline;

Naphtha; Natural Gas; Natural Gas Liquids

(NGL); Natural Gasoline; Non-Biomass

Municipal Waste; Non-Biomass Waste; Oil

Sands; Oil Shale; Orimulsion; Other Petroleum

Gas; Paraffin Waxes; Patent Fuel; PCI Coal;

Peat; Pentanes Plus; Petrochemical

Feedstocks; Petrol; Petroleum Coke; Petroleum

Products; Pitch; Plastics; Primary Solid

Biomass; Propane Gas; Propane Liquid;

Propylene; Refinery Feedstocks; Refinery Gas;

Refinery Oil; Residual Fuel Oil; Road Oil; SBP;

Shale Oil; Sludge Gas; Softwood; Solid Biomass

Waste; Special Naphtha; Still Gas; Straw;

Subbituminous Coal; Sulphite Lyes; Tar; Tar

Sands; Thermal Coal; Thermal Coal

Commercial; Thermal Coal Domestic; Thermal

Coal Industrial; Tires; Town Gas; Unfinished

Oils; Vegetable Oil; Waste Oils; Waste Paper

and Card; Waste Plastics; Waste Tires; White

Spirit; Wood; Wood Chips; Wood Logs; Wood

Pellets; Wood Waste; Other, please specify

Motor Gasoline ● HHV

23309 0

Diesel ● HHV

612535 0

Natural Gas ● HHV

6388176 6388176

Liquefied Natural Gas (LNG) ● HHV

3059 0

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MWh consumed for self-generation of heat MWh consumed for self-generation of steam MWh consumed for self-generation of

cooling

MWh consumed self-cogeneration or self-

trigeneration

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

(C8.2d) List the average emission factors of the fuels reported in C8.2c.

Fuel Emission factor Unit Emission factor source Comment

Jet Kerosene

9.75

Select from:

● metric tons CO2e per m3

● metric tons CO2 per m3

● metric tons CO2e per liter

● metric tons CO2 per liter

● metric tons CO2e per barrel

● metric tons CO2 per barrel

● metric tons CO2e per Mg

● metric tons CO2 per Mg

● metric tons CO2e per metric ton

● metric tons CO2 per metric ton

● metric tons CO2e per short ton

EPA Mobile Document

Text field [maximum 2,400 characters]

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● metric tons CO2 per short ton

● metric tons CO2e per MWh

● metric tons CO2 per MWh

● metric tons CO2e per GJ

● metric tons CO2 per GJ

● metric tons CO2e per million Btu

● metric tons CO2 per million Btu

● metric tons CO2e per boe

● metric tons CO2 per boe

● metric tons CO2e per toe

● metric tons CO2 per toe

● metric tons CO2e per tce

● metric tons CO2 per tce

● metric tons CO2e per Gcal

● metric tons CO2 per Gcal

● kg CO2e per m3

● kg CO2 per m3

● kg CO2e per liter

● kg CO2 per liter

● kg CO2e per barrel

● kg CO2 per barrel

● kg CO2e per gallon

● kg CO2 per gallon

● kg CO2e per Mg

● kg CO2 per Mg

● kg CO2e per metric ton

● kg CO2 per metric ton

● kg CO2e per short ton

● kg CO2 per short ton

● kg CO2e per MWh

● kg CO2 per MWh

● kg CO2e per GJ

● kg CO2 per GJ

● kg CO2e per million Btu

● kg CO2 per million Btu

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● kg CO2e per boe

● kg CO2 per boe

● kg CO2e per toe

● kg CO2 per toe

● kg CO2e per tce

● kg CO2 per tce

● kg CO2e per Gcal

● kg CO2 per Gcal

● lb CO2e per 1000 cubic ft3

● lb CO2 per 1000 cubic ft3

● lb CO2e per gallon

● lb CO2 per gallon

● lb CO2e per barrel

● lb CO2 per barrel

● lb CO2e per short ton

● lb CO2 per short ton

● lb CO2e per MWh

● lb CO2 per MWh

● lb CO2e per GJ

● lb CO2 per GJ

● lb CO2e per million Btu

● lb CO2 per million Btu

● lb CO2e per boe

● lb CO2 per boe

● lb CO2e per toe

● lb CO2 per toe

● lb CO2e per tce

● lb CO2 per tce

● lb CO2e per Gcal

● lb CO2 per Gcal

Motor Gasoline 70.22 ● kg CO2 per million Btu

EPA GHG MRR Subpart C

Diesel 73.96 ● kg CO2 per million Btu

EPA GHG MRR Subpart C

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Natural Gas 53.06 ● kg CO2 per million Btu

EPA GHG MRR Subpart C

Liquefied Natural Gas (LNG) 53.06 ● kg CO2 per million Btu

EPA GHG MRR Subpart C

(C8.2e) Provide details on the electricity, heat, steam, and cooling your organization has generated and consumed in the reporting year.

Energy Carrier Total Gross generation (MWh) Generation that is consumed by

the organization (MWh)

Gross generation from renewable

sources (MWh)

Generation from renewable

sources that is consumed by the

organization (MWh)

Electricity

612535 612535

0

0

Heat

0

0

0

0

Steam

0

0

0

0

Cooling

0

0

0

0

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C9 Additional metrics

Other climate-related metrics

(C9.1) Provide any additional climate-related metrics relevant to your business.

Description Metric value Metric numerator Metric denominator

(intensity metric only)

% change from previous

year

Direction of change Please explain

Oil and gas production

(C-OG9.2a) Disclose your net liquid and gas hydrocarbon production (total of subsidiaries and equity-accounted entities).

Hydrocarbon category In-year net production Comment

Crude oil and condensate, million barrels

47.81

From company's 2017 Annual Report, Table on Page 22

Natural gas liquids, million barrels

23.25

From company's 2017 Annual Report, Table on Page 22

Oil sands, million barrels (includes bitumen and synthetic crude)

0.00

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Natural gas, billion cubic feet

407.98

407.9 8

From company's 2017 Annual Report, Table on Page 22

Oil and gas reserves methodology

(C-OG9.2b) Explain which listing requirements or other methodologies you use to report reserves data. If your organization cannot provide

data due to legal restrictions on reporting reserves figures in certain countries, please explain this.

Our policies and processes regarding internal controls over the recording of reserves estimates require reserves to be in compliance with the Securities and Exchange Commission (SEC) definitions and guidance and prepared in accordance with Standards Pertaining to the Estimating and Auditing of Oil and Gas Reserves Information promulgated by the Society of Petroleum Engineers. Our internal controls over reserves estimates also include the following: • the Audit Committee of our Board of Directors reviews significant reserves changes on an annual basis; • fields that meet a minimum reserve quantity threshold, newly sanctioned development projects, and certain fields selected on a rotational basis, which combined represent over 80% of our proved reserves, are audited by Netherland, Sewell & Associates, Inc. (NSAI), a third-party petroleum consulting firm, on an annual basis; and • NSAI is engaged by, and has direct access to, the Audit Committee. See Third-Party Reserves Audit, below.

The SEC’s reserves rules allow the use of techniques that have been proved effective by actual production from projects in the same reservoir or an analogous reservoir or by other evidence using reliable technology that establishes reasonable certainty. Reliable technology is a grouping of one or more technologies (including computational methods) that has been field tested and has been demonstrated to provide reasonably certain results with consistency and repeatability in the formation being evaluated or in an analogous formation. We used a combination of production and pressure performance, wireline wellbore measurements, simulation studies, offset analogies, seismic data and interpretation, wireline formation tests, geophysical logs and core data to calculate our reserves estimates, including the material additions to the 2017 reserves estimates. Based on reasonable certainty of reservoir continuity in US onshore formations where we operate, we may record proved reserves associated with wells more than one offset location away from an existing proved producing well. All of our wells drilled that were more than one offset away from a proved producing well at the time of drilling were determined to be economically producible.

Oil and gas total reserves

(C-OG9.2c) Disclose your estimated total net reserves and resource base (million BOE), including the total associated with subsidiaries

and equity-accounted entities.

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Estimated total net proved + probable reserves (2P) (million

BOE)

Estimated total net proved + probable + possible reserves

(3P) (million BOE)

Estimated net total resource base (million BOE)

X X 1965.00

Oil and gas reserves split

(C-OG9.2d) Provide an indicative percentage split for 2P, 3P reserves, and total resource base by hydrocarbon categories.

Hydrocarbon category Net proved + probable reserves (2P) (%) Net proved + probable + possible reserves

(3P) (%)

Net total resource base (%)

Crude oil / condensate / Natural gas liquids

35

Natural gas

65

Oil sands (includes bitumen and synthetic

crude)

0

0

0

Oil and gas split by development type

(C-OG9.2e) Provide an indicative percentage split for production, 1P, 2P, 3P reserves, and total resource base by development types.

Development type In-year net production

(%)

Net proved reserves

(1P) (%)

Net proved + probable

reserves (2P) (%)

Net proved + probable +

possible reserves (3P)

(%)

Net total resource base

(%)

Comment

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Select from:

● Onshore

● Shallow-water

● Deepwater

● Ultra deepwater

● Arctic

● Oil sand/extra heavy

oil

● Tight/shale

● LNG

● Other, please specify

72

48

Gulf of Mexico

number included

● Other, please

specify, offshore

operations

28

52

Low-carbon investments: Coal / Electric utilities / Oil & gas

(C-CO9.6/C-EU9.6/C-OG9.6) Disclose your investments in low-carbon research and development (R&D), equipment, products, and services.

Response options

Investment start date Investment end date Investment area Technology area Investment maturity Investment figure Low-carbon

investment

percentage

Please explain

Numerical field

From:

[DD/MM/YYYY]

Numerical field

To: [DD/MM/YYYY]

Select from:

● R&D

● Property, plant and

equipment

Select from:

Coal

● Advanced control

systems

Select from:

● Basic

academic/theoretic

al research

Numerical field [enter

a number from 0-

999,999,999,999

using a maximum of 2

Select from:

● 0 - 20%

● 21 - 40%

● 41 - 60%

Text field [maximum

2,400 characters]

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● Products

● Services

● Carbon capture and

storage/utilisation

● Coal bed methane

capture

● Combustion

optimisation and

modification

● Monitoring systems

to reduce

emissions

● Process

improvements

● Renewable energy

● Steam turbine

and/or other

component

upgrades

● Other, please

specify

Electric Utilities

● Carbon capture and

storage/utilisation

● Demand side

response programs

● Digital technology

● Distributed energy

resources

● Energy storage

● Infrastructure

● Renewable energy

● Smart grids

● Smart meters

● Steam turbine

and/or other

component

upgrades

● Applied research

and development

● Pilot demonstration

● Full/commercial-

scale

demonstration

● Small scale

commercial

deployment

● Large scale

commercial

deployment

decimal places and no

commas]

● 61 - 80%

● 81 - 100%

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● Other, please

specify

Oil and Gas

● Infrastructure

● Renewable energy

● Smart systems

● Advanced fluids

● Advanced materials

● Carbon capture and

storage/utilisation

● Enhanced Oil

Recovery (EOR)

techniques

● Hydrogen

● Methane detection

and reduction

● Energy efficiency in

transport

● Steam turbine

and/or other

component

upgrades

● Other energy

efficiency measures

in the oil and gas

value chain

● Other, please

specify

Breakeven price (US$/BOE)

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(C-OG9.7) Disclose the breakeven price (US$/BOE) required for cash neutrality during the reporting year, i.e., where cash flow from

operations covers CAPEX and dividends paid/share buybacks.

Response options

Numerical field [enter a number from 0-999 using a maximum of 2 decimal places].

Transfers & sequestration of CO2 emissions

(C-OG9.8) Is your organization involved in the sequestration of CO2?

Question dependencies

● Yes

● No

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C10 Verification

Verification

(C10.1) Indicate the verification/assurance status that applies to your reported emissions.

Scope Verification/assurance status

Scope 1

Select from:

● No emissions data provided

● No third-party verification or assurance

● Third-party verification or assurance process in place

Scope 2 (location-based or market-based)

● No third-party verification or assurance

Scope 3

● No third-party verification or assurance

Other verified data

(C10.2) Do you verify any climate-related information reported in your CDP disclosure other than the emissions figures reported in C6.1,

C6.3, and C6.5?

● Yes

● In progress

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● No, but we are actively considering verifying within the next two years

● No, we are waiting for more mature verification standards and/or processes

● No, we do not verify any other climate-related information reported in our CDP disclosure

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C11 Carbon pricing

Carbon pricing systems

(C11.1) Are any of your operations or activities regulated by a carbon pricing system (i.e., ETS, Cap & Trade or Carbon Tax)?

● Yes

● No, but we anticipate being regulated in the next three years

● No, and we do not anticipate being regulated in the next three years

Project-based carbon credits

(C11.2) Has your organization originated or purchased any project-based carbon credits within the reporting period?

● Yes

● No

Internal price on carbon

(C11.3) Does your organization use an internal price on carbon?

● Yes

● No, but we anticipate doing so in the next two years

● No, and we don’t anticipate doing so in the next two years

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C12 Engagement

Value chain engagement

(C12.1) Do you engage with your value chain on climate-related issues?

● Yes, our suppliers

● Yes, our customers

● Yes, other partners in the value chain

● No, we do not engage

(C12.1a) Provide details of your climate-related supplier engagement strategy.

Type of engagement Details of

engagement

% of suppliers by

number

% total procurement

spend (direct and

indirect)

% Scope 3

emissions as

reported in C6.5

Rationale for the

coverage of your

engagement

Impact of

engagement,

including measures

of success

Comment

● Compliance &

onboarding

● Information

collection

(understanding

supplier behavior)

● Engagement &

incentivization

(changing supplier

behavior)

Compliance &

onboarding

● Included climate

change in supplier

selection /

management

mechanism

● Code of conduct

featuring climate

change KPIs

0

Where possible, Noble

Energy works with its

supply chain to

promote the use of

CNG and LNG. Noble

Energy gives

preference to

suppliers with lower

GHG emitting

technologies. In 2013,

the Company began

including information

in some of its Request

Due to our

partnerships,

approximately 50% of

all water in the DJ

Basin is hauled by

natural gas vehicles, a

number the Company

is proud of and will

work to maintain

and/or improve upon.

These trucks help the

companies reduce

costs and emissions.

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● Innovation &

collaboration

(changing markets)

● Other, please

specify

● Climate change is

integrated into

supplier evaluation

processes

● Other, please

specify

Information collection

(understanding

supplier behavior)

● Collect climate

change and carbon

information at least

annually from

suppliers

● Other, please

specify

Engagement &

incentivization

(changing supplier

behavior)

● Run an

engagement

campaign to

educate suppliers

about climate

change

● Climate change

performance is

featured in supplier

awards scheme

● Offer financial

incentives for

suppliers who

reduce your

operational

emissions (Scopes

1 &2)

for Proposals (RFPs)

requiring a response

to the applicant’s

commitment to natural

gas and weighted this

response when

evaluating potential

new suppliers. Noble

Energy prioritizes

supplier engagements

by fuel usage and/or

the ability to take

trucks off the road all

together. In 2016,

Noble Energy has

continued to work

closely with the water

haulers Renewable

Fiber and Dillon

Transport, where

financing was

provided for CNG

trucks .

Natural gas vehicles

are cleaner than

traditional gasoline or

diesel vehicles,

resulting in 70-90%

less carbon monoxide,

75-95% less nitrogen

oxide, and 20-30%

less carbon dioxide

emissions.

Additionally, natural

gas is significantly less

expensive: on

average, natural gas is

over one-third less

expensive than

gasoline and between

25-42% less

expensive than diesel.

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● Offer financial

incentives for

suppliers who

reduce your

downstream

emissions (Scopes

3)

● Offer financial

incentives for

suppliers who

reduce your

upstream

emissions (Scopes

3)

● Other, please

specify

Innovation &

collaboration

(changing markets)

● Run a campaign to

encourage

innovation to

reduce climate

impacts on

products and

services

● Other, please

specify

Other

● Other, please

specify

● Innovation &

collaboration

(changing

markets)

● Other,

please specify,

Collaborating on

new technologies.

The Company has

been working with one

of our major suppliers

to pilot new

technologies. They are

The Company has

been working with one

of our major suppliers

to pilot new

technologies on our

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an important supplier

of ours due to price

availability, quality,

technology, and

relationship and so

this collaboration and

piloting engagement

made sense to

explore.

well pads. Through

our joint engagement

in this area, we are

exploring the possible

reduction in methane

emissions which if

successful will be

made available to the

entire oil and gas

industry( See C2.2c).

Public policy engagement

(C12.3) Do you engage in activities that could either directly or indirectly influence public policy on climate-related issues through any of

the following?

● Direct engagement with policy makers

● Trade associations

● Funding research organizations

● Other

● No

(C12.3a) On what issues have you been engaging directly with policy makers?

Focus of legislation Corporate position Details of engagement Proposed legislative solution

Regulation of methane

● Support with minor exceptions

In 2017 Noble Energy participated in

development of revisions to Colorado

Regulation 7. We supported the Colorado

Department of Public Health and Environment

The revisions to ACQQ Regulation 7 established

additional emission control requirements and

LDAR inspection frequencies, with little material

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(CDPHE) staff recommendations and worked to

garner broad support by industry trades and

Environmental Defense Fund. The revisions

altered LDAR frequency and related ozone and

methane emissions strategies. An outcome of

the rulemaking was an agreement to create a

pneumatic controller task force to better

understand how to better manage emissions

from this equipment. Noble serves on this task

force.

impact on Noble Colorado operations due to our

standard operating practices.

OOO

Regulation of methane by U.S. Environmental

Protection Agency (EPA)

Support with minor exceptions Noble has engaged with U.S. EPA on likely

forthcoming changes to the regulation of

methane from oil and gas operations (OOOOa).

We intend to comment on technical

improvements to the regulation.

OOOOa is the federal rule that directly regulates

methane from new and modified air pollution

sources. Noble supports this rule and, as with all

regulations where we have developed

experience complying with them, have

suggestions for how they can achieve their

goals more effectively and efficiently. We will

continue to engage EPA and all regulatory

agency partners in this manner.

[Add Row]

(C12.3b) Are you on the board of any trade associations or do you provide funding beyond membership?

● Yes

● No

(C12.3c) Enter the details of those trade associations that are likely to take a position on climate change legislation.

Trade association Is your position on climate change

consistent with theirs?

Please explain the trade association’s

position

How have you influenced, or are you

attempting to influence the position?

American Exploration & Production Council

American Petroleum Institute

Independent Petroleum Association of America

International Petroleum Industry Environmental

Select from:

● Consistent

There is diversity of opinions among trade

associations.

Through active engagement, analysis and

education on various committees and boards.

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Conservation Association

National Ocean Industries Association

US Oil and Gas Association

US Chamber of Commerce

● Inconsistent

● Mixed

● Unknown

(C12.3f) What processes do you have in place to ensure that all of your direct and indirect activities that influence policy are consistent

with your overall climate change strategy?

Noble’s system for tracking and engaging in current and proposed climate change legislation and regulation is achieved through functions of three

internal groups within the company: The Climate Program, the Government Relations Program and the EHSR Regulatory Policy group. These

groups work together under the leadership of The Senior Vice President for Global Operations Services to ensure consistency among Noble’s direct

and indirect activities involving climate change policy, including Noble’s association with various governmental and non-governmental organizations

(NGOs), the public and trade associations.

Communications

(C12.4) Have you published information about your organization’s response to climate change and GHG emissions performance for this

reporting year in places other than in your CDP response? If so, please attach the publication(s).

Publication Status Attach the document Content elements

Select from:

● In mainstream reports

● In mainstream reports in accordance with

TCFD recommendations

Select from:

● Complete

● Underway – previous year attached

● Underway – this is our first year

http://investors.nblenergy.com/static-

files/eb9dcdba-e068-478e-b767-c33f72a3c89f

Select all that apply:

● Governance

● Strategy

● Risks & Opportunities

● Emissions figures

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● In mainstream reports, in line with CDSB

framework

● In mainstream reports, in accordance with

TCFD recommendation AND in line with

CDSB framework

● In other regulatory filings

● In voluntary communications

● In voluntary sustainability report

● No publications with information about our

response to climate-related issues and GHG

emissions performance

● Other, please specify

● Emission targets

● Other metrics

● Other, please specify

● In voluntary sustainability report

● Complete

https://www.nblenergy.com/sustainability ● Governance

● Strategy

● Emissions figures

● Other metrics

● Other, please specify other

environmental metrics, including Air

Emissions (VOCs, NOx,SOx,CO); Methane

Emissions Reduction; Energy use;

Onshore, basin and shale water

consumption

● In voluntary communications

● Complete

https://www.nblenergy.com/sites/default/files/Fin

al%20-

%202017%20Disclosing%20the%20Facts.pdf

● Governance

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C14 Signoff

Signoff

(C14.1) Provide details for the person that has signed off (approved) your CDP climate change response.

Corresponding job category

Executive Vice President of Operations

Senior Vice President Global Operations Services

Select from:

● Board chair

● Board/Executive board

● Director on board

● Chief Executive Officer (CEO)

● Chief Financial Officer (CFO)

● Chief Operating Officer (COO)

● Chief Procurement Officer (CPO)

● Chief Risk Officer (CRO)

● Chief Sustainability Officer (CSO)

● Other C-Suite Officer

● President

● Business unit manager

● Energy manager

● Environmental, health and safety manager

● Environment/Sustainability manager

● Facilities manager

● Process operation manager

● Procurement manager

● Public affairs manager

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● Risk manager

● Other, please specify

Important Information

Companies should not consider their CDP response a means of complying with any regulatory requirement to share financially sensitive

non-public information with the market. You may wish to consult with your financial, legal, and/or compliance departments for advice on

your company’s general approach to the provision of forward-looking statements and information concerning risks.

CDP questionnaire copyright and licensed use

The copyright to CDP’s annual questionnaire/s is owned by CDP Worldwide, a registered charity number 1122330 and a company limited

by guarantee, registered in England number 05013650. Any use of any part of the questionnaire, including the questions, must be licensed

by CDP. Any unauthorized use is prohibited and CDP reserves the right to protect its copyright by all legal means necessary.

Terms for responding to Investors (2018 Climate Change)

These terms apply if you are submitting a response to the CDP Climate Change Questionnaire 2018 to Investors. If you are also submitting

a response to Supply Chain Members the Terms for responding to Supply Chain Members (2018 Climate Change), below, will also apply.

1.DEFINITIONS

Billing Company: means the organization determined in accordance with the table at the end of these terms.

CDP: means CDP Worldwide, a charitable company registered with the Charity Commission of England and Wales (registered charity no. 1122330

and a company number 05013650). References to “we”, “our” and “us” in these terms are references to CDP and the Billing Company.

Deadline: means 15 August 2018.

Fee: means the fee set out in the table at the end of these terms, which is exclusive of any applicable taxes.

Full version: means the version of the Questionnaire which contains all questions that are applicable to you.

Minimum version: means the version of the Questionnaire which contains a subset of the questions included in the Full Version.

Personal Data: means data which relates to an individual who can be identified from the data, such as a person’s name and job title.

Questionnaire: means the Full Version and the Minimum Version of the CDP Climate Change Questionnaire 2018.

Responding Company: means the company responding to the Questionnaire. References to “you” and “your” in these terms are references to the

Responding Company.

2.PARTIES

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The parties to these terms shall be CDP, the Billing Company (where the Billing Company is not CDP) and the Responding Company.

3.THESE TERMS

These are the terms that apply when you submit a response to our Questionnaire to Investors. If you do not agree to these terms, please contact us

at [email protected] to discuss them with us.

4.RESPONDING TO OUR QUESTIONNAIRE

General. When responding to our Questionnaire, you will be given a choice as to whether your response can be made public or whether your

response is non-public. We strongly encourage you to make your response public.

Deadline for responding. You must submit your response to us using our online response system by the Deadline for your response to be eligible

for scoring and inclusion in any reports.

Public responses. If you agree that your response can be made public, we may use and make it available for all purposes that we decide (whether

for a fee or otherwise), including, for example, making your responses available on our website, to our investor signatories and other third parties and

scoring your response.

Non-public responses. If your response is non-public, we may use it only as follows:

(a) make it available as soon as it is received by CDP to our investor signatories (as listed on our website) either directly or through Bloomberg

terminals, for any use within their organizations but not for publication unless any data from your response has been anonymized or aggregated in

such manner that it has the effect of being anonymized;

(b) make it available as soon as it is received by CDP to our group companies and affiliates (for example, CDP North America, Inc), our country

partners, research partners, report writers and scoring partners:

(i) to score your response; and

(ii) for any other use within their organizations but not for publication unless any data from your response has been anonymized or aggregated in such

manner that it has the effect of being anonymized.

Amending your response. You may amend a response that you have submitted at any time before the Deadline. After the Deadline has passed,

your response can only be amended by our staff and we may charge a fee. Please note that any changes that you make to your response after the

Deadline may not be reflected in any score or in any report.

Scoring of responses to the Full Version (of the Questionnaire). If you submit your response to the Full Version in English using our online

response system:

(a) by the Deadline, your response will be scored;

(b) after the Deadline but on or before 1 October 2018 you can request an ‘On-Demand’ score for a fee. Please email [email protected] for

more information on On-Demand scoring.

Please contact your local CDP office for information about scoring if you intend to submit your response in a language other than English.

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Scoring of responses to the Minimum Version (of the Questionnaire). Responses to the Minimum Version will only be scored in certain

circumstances. Please contact your local CDP office for further information.

Publication of scores. If you are responding to a CDP Climate Change Questionnaire for the first time you may choose for your score to be “private”

but in all other cases CDP may publish your score, regardless of whether your response is public or non-public. If you choose for your score to be

“private”, unless you achieve an A grade in which case we may make your score public, we may only make it available to our group companies and

affiliates (for example, CDP North America, Inc), our country partners, research partners, report writers and scoring partners, in each case for any use

within their organizations but not for publication. Note that if you also submit your response to Supply Chain Members it will also be available to any

Supply Chain Member that has asked you to respond to the Questionnaire. For further details please see the Terms for responding to Supply

Chain Members (2018 Climate Change).

5.FEE

Fee. We are a not-for-profit organization and charge certain companies an annual administrative fee to enable us to maintain the disclosure system.

Unless you are exempt from paying the Fee, as set out below, if you are listed, incorporated or headquartered in a country/region that is listed in the

next paragraph, you are required to pay the Fee plus any applicable taxes. The Fee is payable once regardless of how many responses (climate

change, forests and water security) you submit in 2018. Please note that we may charge an additional fee if you want to change your response after

you have submitted your response and you are seeking to make the change after the Deadline or if you submit your response after the Deadline and

you would like it to be scored.

Countries/regions where the Fee applies. A Responding Company will be required to pay the Fee if it is listed, incorporated or headquartered in

any one of the following countries/regions:

Argentina, Australia, Austria, Bahamas, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Channel Islands, Chile, Colombia, Denmark, Finland,

France, Germany, Hong Kong, Iceland, India, Indonesia, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway,

Peru, Philippines, Portugal, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, the UK or the USA.

Exemptions from the Fee. A Responding Company is exempt from paying the Fee if:

(a) it falls within one of CDP’s investor samples and it has not submitted a response to CDP in the last three years; or

(b) it is responding only to CDP’s supply chain request.

Please note we will decide in our absolute discretion as to whether the Fee is payable or not and we will notify you before you submit your response.

A full list of companies in our investor samples is available on our website.

Payment of the Fee. You must pay the Fee by credit or debit card or request an invoice via CDP’s online corporate dashboard, which must be paid

within such time as set out in the invoice. Please note that you will not be able to submit your response unless you have paid the Fee, you have

requested an invoice or you are exempt from paying the Fee.

6.RIGHTS IN THE RESPONSES

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Ownership. All intellectual property rights in your response will be owned by you or your licensors.

License. You grant to us, or shall procure for us, a perpetual, irrevocable, non-exclusive, assignable, sub-licensable, royalty-free and global license to

use your response and any copyright and data base rights in your response for the uses set out in these terms.

7.IMPORTANT REPRESENTATIONS

You confirm that:

(a) the person submitting the response to us is authorized by you to submit the response;

(b) you have obtained all necessary consents and permissions to submit the response to us; and

(c) the response that you submit:

(i) does not infringe the rights of any third party (including privacy, publicity or intellectual property rights);

(ii) does not defame any third party; and

(iii) does not include any Personal Data.

8.LIABILITY

We do not exclude or limit in any way our liability to you where it would be unlawful to do so. This includes liability for death or personal injury

caused by our negligence or the negligence of our employees, agents or subcontractors; for fraud or fraudulent misrepresentation.

We are not liable for business losses. Subject to these terms, CDP and the Billing Company have no liability to you in any circumstances for any

loss of revenue, loss of profit, loss of business, business interruption, loss of business opportunity, loss of goodwill, loss of reputation, loss of, damage

to or corruption of data or software or any indirect or consequential loss or damage.

Exclusion of liability. Subject to these terms, CDP and the Billing Company have no liability to you in any circumstances arising from the content or

submission of your response to us, our use of your response and/or the use of your response by any third parties.

Limitation of liability. Subject to these terms, CDP and the Billing Company’s total liability to you in all circumstances shall be limited to an amount

equivalent to the Fee or to £625 if you are not required to pay the Fee.

9.GENERAL

We may transfer our rights to someone else. We may transfer our rights and obligations under these terms to another organization.

Nobody else has any rights under these terms. These terms are between you and us. No other person shall have any rights to enforce any of its

terms.

Entire agreement. These terms constitute the entire agreement between you and us unless you also choose to share your response with supply

chain members, in which case you will also be subject to our Terms for responding to Supply Chain Members (2018 Climate Change).

Variation. CDP (acting on its own behalf and the Billing Company’s behalf, if applicable) reserves the right to change these terms at any time. Such

changes shall be effective immediately or such other time as CDP elects. In the event of any materially adverse changes, you may request to

withdraw your response within 30 days of us notifying you of the change.

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If a court finds part of these terms illegal, the rest will continue in force. Each of the paragraphs of these terms operates separately. If any court

or relevant authority decides that any of them are unlawful, the remaining paragraphs will remain in full force and effect.

Governing law and jurisdiction. These terms are governed by English law and you and us both agree to the exclusive jurisdiction of the English

courts to resolve any dispute or claim arising out of or in connection with these terms or their subject matter or formation.

Language. If these terms are translated into any language other than English, the English language version will prevail.

10.AMOUNT OF FEE

Location of Responding Company Fee (exclusive of any applicable taxes)

Brazil

BRL 3,560

India

INR 67,000

Japan

JPY 97,500

UK

GBP 625

Europe (excluding UK)

EUR 925

Rest of the world

USD 975

11.BILLING COMPANY

Billing Company Location of Responding Company

CDP Worldwide Australia, Bahamas, Bermuda, Cayman Islands, Channel Islands, Hong Kong, Indonesia, Ireland,

Malaysia, New Zealand, Philippines, Singapore, South Africa, South Korea, Taiwan, Thailand,

Turkey, United Kingdom

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CDP Worldwide (Europe) gGmbH Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Italy, Luxembourg, Netherlands,

Norway, Portugal, Spain, Sweden, Switzerland

CDP North America, Inc Canada, USA

Carbon Disclosure Project (Latin America) Argentina, Brazil, Chile, Colombia, Mexico, Peru

Carbon Disclosure Project India India

一般社団法人

CDP Worldwide-Japan

Japan

If the Responding Company is located in a territory that is not listed in the table above, the Billing Company shall be CDP Worldwide.

Terms for responding to Supply Chain Members (2018 Climate Change)

These terms apply if you are submitting a response to the CDP Climate Change Questionnaire 2018 to Supply Chain Members. If you are

also submitting a response to Investors the Terms for responding to Investors (2018 Climate Change), above, will also apply.

1.DEFINITIONS

CDP: means CDP Worldwide, a charitable company registered with the Charity Commission of England and Wales (registered charity no. 1122330

and a company number 05013650). References to “we”, “our” and “us” in these terms are references to CDP.

Deadline: means 29 August 2018.

Full version: means the version of the Questionnaire which contains all questions that are applicable to you.

Minimum version: means the version of the Questionnaire which contains a subset of the questions included in the Full Version.

Personal Data: means data which relates to an individual who can be identified from the data, such as a person’s name and job title.

Questionnaire: means the Full Version and the Minimum Version of the CDP Climate Change Questionnaire 2018.

Responding Company: means the company responding to the Questionnaire. References to “you” and “your” in these terms are references to the

Responding Company.

Supply Chain Member: means an organization that is requesting data from its suppliers.

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2.PARTIES

The parties to these terms shall be CDP and the Responding Company.

3.THESE TERMS

These are the terms that apply when you submit a response to our Questionnaire to Supply Chain Members. If you do not agree to these terms,

please contact us at [email protected] to discuss them with us.

4.RESPONDING TO OUR QUESTIONNAIRE

General. When responding to our Questionnaire, you will be given a choice as to whether your response can be made public or whether your

response is non-public. We strongly encourage you to make your response public, but in either case, we will not divulge the relationship between you

and any Supply Chain Member that has asked you to respond other than to our group companies and affiliates (for example, CDP North America,

Inc), our country partners, research partners, report writers and scoring partners, all of which are obliged to keep such relationship confidential.

Deadline for responding. You must submit your response to us using our online response system by the Deadline for your response to be eligible

for scoring and inclusion in any reports.

Public responses. If you agree that your response can be made public, we may use and make it available for all purposes that we decide (whether

for a fee or otherwise), including, for example, making your responses available on our website, to our investor signatories and other third parties and

scoring your response. Note that information you submit within the Supply Chain module (2018 climate change) will be treated as non-public (see

below for details).

Non-public responses. If your response is non-public, we may use it only as follows:

(a) make it available as soon as it is received by CDP to any Supply Chain Member that has asked you to respond to the Questionnaire for any use

within their organization but not for publication unless any data from your response has been anonymized or aggregated in such manner that it has

the effect of being anonymized;

(b) make it available as soon as it is received by CDP to our group companies and affiliates, our country partners, research partners, report writers

and scoring partners:

(i) to score your response; and

(ii) for any other use within their organizations but not for publication unless any data from your response has been anonymized or aggregated in such

manner that it has the effect of being anonymized.

Supply Chain module (2018 climate change). Information you submit in response to the Supply Chain module (2018 climate change) (questions

SC0, SC1, SC2, SC3 and SC4 of the Questionnaire) will be treated as non-public even if you choose to make your response public. Questions

SC1.1, SC2.1, SC2.2a, SC3.1a and SC4.2e ask you to select a Supply Chain Member using a drop-down menu in our online response system, and

only the Supply Chain Member you select for each row will have access to the information in it. For all other questions in the Supply Chain module

(2018 climate change) the information you submit will be accessible to any Supply Chain Member that has asked you to respond to the

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Questionnaire. All information you submit in the Supply Chain module (2018 climate change) will be accessible to CDP and to our group companies

and affiliates, our country partners, research partners, report writers and scoring partners, all of which are obliged to keep such information

confidential.

Amending your response. You may amend a response that you have submitted at any time before the Deadline. After the Deadline has passed,

your response can only be amended by our staff and we may charge a fee. Please note that any changes that you make to your response after the

Deadline may not be reflected in any score or in any report.

Scoring of responses to the Full Version (of the Questionnaire). If you submit your response to the Full Version in English using our online

response system:

(a) by the Deadline, your response will be scored;

(b) after the Deadline but on or before 1 October 2018 you can request an ‘On-Demand’ score for a fee. Please email [email protected] for

more information on On-Demand scoring.

Please contact your local CDP office for information about scoring if you intend to submit your response in a language other than English.

Scoring of responses to the Minimum Version (of the Questionnaire). Responses to the Minimum Version will only be scored in certain

circumstances. Please contact your local CDP office for further information.

Publication of scores. Unless you achieve an A grade, in which case we may make your score public, we may only make your score available to

any Supply Chain Member that has asked you to respond to the Questionnaire, our group companies and affiliates (for example, CDP North America,

Inc), our country partners, research partners, report writers and scoring partners, in each case for any use within their organizations but not for

publication.

5.RIGHTS IN THE RESPONSES

Ownership. All intellectual property rights in your response will be owned by you or your licensors.

License. You grant to us, or shall procure for us, a perpetual, irrevocable, non-exclusive, assignable, sub-licensable, royalty-free and global license to

use your response and any copyright and data base rights in your response for the uses set out in these terms.

6.IMPORTANT REPRESENTATIONS

You confirm that:

(a) the person submitting the response to us is authorized by you to submit the response;

(b) you have obtained all necessary consents and permissions to submit the response to us; and

(c) the response that you submit:

(i) does not infringe the rights of any third party (including privacy, publicity or intellectual property rights);

(ii) does not defame any third party; and

(iii) does not include any Personal Data.

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7.LIABILITY

We do not exclude or limit in any way our liability to you where it would be unlawful to do so. This includes liability for death or personal injury

caused by our negligence or the negligence of our employees, agents or subcontractors; for fraud or fraudulent misrepresentation.

We are not liable for business losses. Subject to these terms, CDP has no liability to you in any circumstances for any loss of revenue, loss of

profit, loss of business, business interruption, loss of business opportunity, loss of goodwill, loss of reputation, loss of, damage to or corruption of data

or software or any indirect or consequential loss or damage.

Exclusion of liability. Subject to these terms, CDP has no liability to you in any circumstances arising from the content or submission of your

response to us, our use of your response and/or the use of your response by any third parties.

Limitation of liability. Subject to these terms, CDP’s total liability to you in all circumstances shall be limited to £625.

8.GENERAL

We may transfer our rights to someone else. We may transfer our rights and obligations under these terms to another organization.

Nobody else has any rights under these terms. These terms are between you and us. No other person shall have any rights to enforce any of its

terms.

Entire agreement. These terms constitute the entire agreement between you and us, unless you also choose to share your response with investors

in which case you will also be subject to our Terms for responding to Investors (2018 Climate Change).

Variation. CDP reserves the right to change these terms at any time. Such changes shall be effective immediately or such other time as CDP elects.

In the event of any materially adverse changes, you may request to withdraw your response within 30 days of us notifying you of the change.

If a court finds part of these terms illegal, the rest will continue in force. Each of the paragraphs of these terms operates separately. If any court

or relevant authority decides that any of them are unlawful, the remaining paragraphs will remain in full force and effect.

Governing law and jurisdiction. These terms are governed by English law and you and us both agree to the exclusive jurisdiction of the English

courts to resolve any dispute or claim arising out of or in connection with these terms or their subject matter or formation.

Language. If these terms are translated into any language other than English, the English language version will prevail.

About CDP

CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and

protect forests.

Voted number one climate research provider by investors and working with institutional investors with assets of US$100 trillion, we leverage investor

and buyer power to motivate companies to disclose and manage their environmental impacts.

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Over 6,300 companies with some 55% of global market capitalization disclosed environmental data through CDP in 2017. This is in addition to the

over 500 cities and 100 states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how

companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean

Business Coalition. Please visit www.cdp.net or follow us @CDP to find out more.

What is the legal status of CDP?

CDP Worldwide (CDP) is a UK Registered Charity no. 1122330 and a company limited by guarantee registered in England no. 05013650. The charity

has wholly owned subsidiaries in Germany and China and companies in Australia, Brazil and India over which it exercises control through majority

Board representation. In the US, CDP North America, Inc. is an independently incorporated affiliate which has United States IRS 501(c)(3) charitable

status.

© 2018 CDP Worldwide