Enbridge Publishes 23rd Annual Sustainability Report

Company outlines progress across environment, social and governance priorities

CALGARY, AB / ACCESSWIRE / May 14, 2024 / Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) published its 2023 Sustainability Report. This report provides an overview of the Company's strategy and approach on sustainability, and details progress towards achieving its environment, social and governance goals.

These goals include reducing operational greenhouse gas (GHG) emissions to achieve net-zero by 2050, achieving industry-leading safety performance and improving diversity of the Company's Board of Directors and throughout its workforce.

"Across Enbridge, our employees are advancing a sustainable business strategy," said Pete Sheffield, Enbridge Vice President and Chief Sustainability Officer. "We've set ambitious goals that align our teams in common-purpose and shared accountability to deliver the best possible solutions for a broad set of stakeholders.

"This integrated approach continues to yield positive results as we maintain a focus on continuous improvement and long-term value," Sheffield adds. "In our 23^rd Sustainability Report, we update stakeholders on our progress against the sustainability goals we set in 2020 and the work remaining. We also outline the actions we're taking to deliver reliable, affordable energy to as many people as possible sustainably. And we acknowledge the steps we're taking to overcome challenges of yesterday and those before us today, with an eye towards securing opportunities tomorrow."

Highlights from the 2023 Sustainability Report Include:

Environment

Emissions

• Achieved a 37% reduction in GHG emissions intensity and a 20% reduction in absolute GHG emissions from our 2018 baseline.
• Reduced methane emissions in the Company's natural gas operations by 40% from the 2018 baseline.
• Continued the Company's robust GHG emissions disclosures, expanding the categories of Scope 3 emissions that are reported on and enhancing the transparency of Scope 3 emissions reporting.
• Provided an updated analysis of Enbridge's business under different climate-related scenarios, in alignment with the Task Force on Climate-related Financial Disclosures (TCFD).

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