Carnarvon Energy Limited 2023 Sustainability Report

The report outlines the sustainability approach and efforts of the company for the year ending 30 June 2023. The report includes a formal Carbon Strategy finalized to ensure the management of greenhouse gas (GHG) emissions is incorporated as an integral part of the company's business planning. The company also progressed commercial arrangements for emissions offsets, which will allow the company to acquire and/or generate Australian Carbon Credit Units (ACCUs) and other high-quality international offsets. A major milestone was acceptance of the Offshore Project Proposal by the regulator, NOPSEMA. This means the Dorado project now has the primary environmental approval in place to proceed with development.