Board oversight The recognition and management of risks are outlined in the Company Charter, available in the Corporate Governance section of our website. The specific responsibilities are summarised below: Board – Review all risks, including climate-related risks and opportunities, and ensures they are appropriately managed to support the Company’s business strategy. – Understands the material risks faced by the Company and ensures appropriate risk management strategies and control measures are in place and actively implemented. Operational Risk and Sustainability Committee (ORSC) – Sets, reviews, and agrees on relevant risk policies, practices, frameworks, targets, and performance. – Is assigned, under its Charter, the responsibility for approving environmental policy and monitoring progress, including responses to climate change. Chief Executive Officer (CEO) – Accountable to the Board for the implementation of climate policies. – Responsible for the day-to-day operational oversight of climate risk and opportunities, including the management of climate-related objectives and targets. Management and Staff – Responsible for identifying, assessing, and managing risks as described in Cue’s risk register. Strategy Actual and potential impacts of climate-related risks and opportunities The Company produces oil and natural gas, supplying markets in Asia and the East Coast of Australia. Natural gas from Cue’s onshore Australian projects supports power generation and industrial use in the Northern Territory and the broader East Coast gas market. In Indonesia, all gas produced from the Sampang PSC is used for power generation, supporting economic growth in East Java by displacing electricity that might otherwise be generated using coal. Both internal and external forecasts support the continued demand for oil and gas, with ongoing economic value derived from production and reserves. Task Force on Climate–Related Financial Disclosure (TCFD) Statement continued 16 Cue Energy Resources Limited Annual Report 2025
RkJQdWJsaXNoZXIy MjE2NDg3