ESG as a strategic driver ESG FORUM JUNE 14, 2022, 8 A.M. EDT
Land acknowledgement 2
OUR APPROACH ESG as a strategic driver ENVIRONMENTAL SOCIAL GOVERNANCE Committed to our principles Building vibrant, healthy A framework for of environmental stewardship, communities and businesses, accountability, management,…
25% 2022 CORPORATE SCORECARD Progressing ESG priorities, including safety Refreshed scorecard to align to our strategy 50% Delivering financial results Advancing other key strategic 25% priorities, including growth and energy…
Todays agenda Embedding energy Partnering with Empowering our people Open Q&A period transition into our stakeholders and to deliver solutions business strategy communities 8:00 a.m. 8:40 a.m. 8:40 a.m. 9:00 a.m. 9:00 a.m. 9:15 a.m.…
Embedding energy transition into our business strategy FRANOIS POIRIER, PRESIDENT AND CEO JUNE 2022
THE CHALLENGE A transition to lower- emitting energy that also meets demand JUNE 2022 8
THE OPPORTUNITY Energy transition is a catalyst for growth and long-term FPO shareholder value TC Energy has an immense opportunity to leverage our competitive strengths and be a leader. JUNE 2022 9
INTERNATIONAL ENERGY AGENCY: 2021 WORLD ENERGY OUTLOOK Across all scenarios in 2050 abundant amounts of energy still in use TOTAL GLOBAL C02 COMBUSTION TOTAL WORLD ENERGY CONSUMPTION (Mt CO2) (EJ) 40,000 600 34,156 550 33,903 479…
ROAD TO 2050 Our climate goals Reduce GHG emissions intensity from our operations by 30% by 2030 Position to achieve net zero emissions from our operations by 2050
THE WAY FORWARD Five focus areas with quantifiable emissions reductions CUMULATIVE ABATEMENTS 2020 2030 2050 i Modernizing our 10-20% of identified reductions systems and assets (Scope 1) Decarbonizing our energy 70-80% of…
ROAD TO 2050 Leveraging our differentiated strengths to originate new opportunities and create shareholder value across all scenarios Synergistic footprint Dominant incumbent position Strategic relationships and partnerships…
DIFFERENTIATED STRENGTHS Synergistic footprint Natural gas pipelines 93,300 km Connecting cleaner-burning fuel from premier basins to highest demand centres and LNG export points.
DIFFERENTIATED STRENGTHS Synergistic footprint Natural gas pipelines 93,300 km Connecting cleaner-burning fuel from premier basins to highest demand centres and LNG export points. Liquids pipelines 4,900 km Transporting 20% of the…
DIFFERENTIATED STRENGTHS Synergistic footprint Natural gas pipelines 93,300 km Connecting cleaner-burning fuel from premier basins to highest demand centres and LNG export points. Liquids pipelines 4,900 km Transporting 20% of the…
DIFFERENTIATED STRENGTHS Dominant incumbent position Natural gas pipelines 93,300 km Connecting cleaner-burning fuel from premier basins to highest demand centres and LNG export points. Liquids pipelines 4,900 km Transporting 20% of…
DIFFERENTIATED STRENGTHS Established relationships and strategic partnerships Customers Landowners Communities Indigenous rightsholders Environmental organizations Governments Cross-industry 2021 community giving map: 27…
DIFFERENTIATED STRENGTHS Organizational capabilities 3,650+ 7,000+ employees 180 strategy, sustainability, energy transition and origination 160 stakeholder relations 3,050+ 280 land and environment 245 regulatory, compliance and legal…
DIFFERENTIATED STRENGTHS 25 billion secured Expanding our 6.3B highly efficient capital program NGTL system Maintaining our 2.5B critical systems and connecting to West Portfolio expected to deliver Coast LNG a weighted…
DIFFERENTIATED STRENGTHS Originating new opportunities 1. Reducing emissions on our current systems while meeting rising demands for energy. 2. Helping industries and customers decarbonize their operations and meet their sustainability…
ROAD TO 2050 IEA four key priorities to keep the door to 1.5C open TC Energy alignment with key IEA priorities Increase low emissions share of electricity generation Growing access to LNG markets Coastal GasLink, 2020 x 1.8 U.S.…
CAPITAL ALLOCATION Consistent with risk/return preferences Commercial opportunities Expected 7-9% IRR Incumbency Long-term contracted Market fundamentals or rate-regulated GHG profile Risk preferences met Stakeholder…
Q & A PA N E L Embedding energy transition into our business strategy R O L A N D M U W A N G A , V I C E - P R E S I D E N T, ENERGY TRANSITION TECHNICAL & O P E R AT I O N S S T R AT E G Y O M A R K H AY U M , V I C E - P R E S I D E…
Customer demand accelerating maturity of low carbon technologies Technology monitoring and engagement optimizes deployment of capital Low-CO2 CCUS Hydrogen RNG DAC3 Hubs Wind Flow Hubs Battery CCUS CCUS Solar Hydro (Local)2…
Q & A PA N E L Embedding energy transition into our business strategy R O L A N D M U W A N G A , V I C E - P R E S I D E N T, ENERGY TRANSITION TECHNICAL & O P E R AT I O N S S T R AT E G Y O M A R K H AY U M , V I C E - P R E S I D E…
Partnering with stakeholders and communities PAT R I C K M U T TA R T , S E N I O R V I C E - P R E S I D E N T, S TA K E H O L D E R R E L AT I O N S JUNE 2022
EARLY ENGAGEMENT Virginia Reliability Project (VRP) delivers energy solutions in a fair and I have worked hard in my career to equitable manner oppose poverty. VRP offers the kind of direct economic investments that make a real…
COMMUNITY BENEFIT TC Energa partnership supports bridge reconstruction in local village The Municipal Assembly is very grateful to TC Energy. Tlahuiltepa is a partner and friend of the company Chavez Cobos Municipal President of…
NATION BUILDING Co-creating value with We want to be partners. We want to Indigenous communities be involved in the lifecycle of the project from ground-breaking to reclamation. Having the option to get involved in equity opens up…
Q&A Developing meaningful partnerships T I F F A N Y M U R R AY , D I R E C T O R , I N D I G E N O U S R E L AT I O N S , C O A S TA L G A S L I N K JUNE 2022 31
F I R E S I D E C H AT Empowering our people to deliver solutions JOEL HUNTER, EXECUTIVE VICE-PRESIDENT AND CHIEF FINANCIAL OFFICER DAWN D E L I MA, E X EC U TI V E V I C E - PR ESI DE NT C O R P O R AT E S E R V I C E S , C H I E F I N…
Q & A PA N E L We welcome your questions M O D E R AT O R : J O E L H U N T E R EXECUTIVE VICE-PRESIDENT AND CHIEF FINANCIAL OFFICER JUNE 2022 33
Sustainability and ESG reports 2021 Report on GHG Emissions 2021 ESG Datasheet Reconciliation Action Plan Sustainability Reduction Plan Reporting across the ESG spectrum available at TCEnergy.com/ESGDirectory JUNE 2022
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