FY21 ESG Disclosures July 2022 Unaudited 21 ENV.17 Low-Carbon Transition Plan, Products and Services Since the release of our initial Climate Action Plan on the 50th Anniversary of Earth Day in 2020, we are proud of our progress and achievements, including: We are the first consultancy and one of the world’s first companies with net-zero targets approved by SBTi. We reduced our carbon emissions by 52% between FY19 and FY21, including scope 1, scope 2 (location-based) and scope 3 (business travel). We procure the equivalent of 100% low-carbon electricity for our operations. We are a carbon neutral organization. We also recognize that much more must be done across our industry and our clients’ industries. Our latest Climate Action Plan lays out our next phase of climate mitigation and adaptation commitments, which build on the progress we have made. We are committed to continue driving the rapid decarbonization of our operations and value chain, while also accelerating the essential shift to a zero-carbon economy through the solutions we deliver to clients every day, worldwide. In parallel, we want to continue to improve our and our clients’ business resilience by embedding adaptive measures across all our end markets, considering climate risks and opportunities in alignment with the TCFD. Our Low-Carbon Transition Plan (LCTP) is summarized in the following paragraphs with links to relevant detail. It includes our strategy for delivering this transition as well as the measures, key performance indicators and levels of accountability integrated into our business to ensure success. LCTP Governance Our Office of Global Climate Response & ESG leads on delivering our climate commitments for our business and clients, including overseeing our climate-related disclosures. Our PlanBeyond Executive Steering Committee is the governance body with oversight for climate risk and the delivery of our Climate Action Plan . This committee includes all members of the Executive Leadership Team, plus our Senior Vice President for Global Climate Response & ESG, Head of Investor Relations, Head of Enterprise Risk Management and Corporate Secretary. Climate-related risks and opportunities and ESG are integrated into our Enterprise Risk Management processes. Regular updates are reported to the Board of Directors by our Office of Global Climate Response & ESG. We established a dedicated Board ESG & Risk Committee in April 2021; the committee charter provides an overview of the group’s purpose and responsibilities. Our Board Audit Committee provides oversight of the controls and processes related to material public climate disclosures. LCTP Scenario Analysis To ensure we are fully considering physical and transitional risks and opportunities from climate change, we have applied two different types of scenario analysis. Our FY21 Climate Risk Assessment was based on scenarios derived from the United Nations Framework Convention on Climate Change and the IPCC. We considered risks and opportunities associated with: Successful implementation of the Paris Agreement on climate change to limit global temperature change during this century to 1.5°C above pre-industrial levels. Continued high growth in GHG emissions leading to average global warming of around 4°C by 2100. This scenario broadly coincides with the IPCC’s RCP8.5 scenario (from its Fifth Assessment Report, AR5). To further explore potential transitional risks from climate change for our FY22 Climate Risk Assessment, we adopted the Network for Greening the Financial System’s (NGFS) climate scenarios framework . The
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