Commitments

• Operate and invest in our manufacturing assets to continuously improve reliability and efficiency, and achieve ongoing greenhouse gas intensity reduction.
• Invest in opportunities and new technologies to enable low-carbon methanol solutions.

Performance Goals

• Reduce Scope 1 and Scope 2 GHG emissions intensity from manufacturing by 10 per cent by 2030 from 2019 levels.
• Quantify material Scope 3 emissions during 2024.
• Target 97 per cent or higher average overall reliability of our plants in operation.
• Advance at least one low-carbon project into Pre-FEED (Preliminary Front End Engineering and Design) in 2024.
• Enter into commercial agreements for at least 25,000 tonnes of low-carbon methanol in 2024.
• Sign at least three new commercial agreements to supply methanol as a marine fuel by 2025.

Commitments

• Continuously improve our personal and process safety performance, striving to achieve zero harm.
• Continuously improve our resource management performance to minimize our impact on the environment.

Performance Goals

• Continually lower our five-year rolling average recordable injury rate.
• Achieve zero Severe Injury or Fatality (SIF) incidents annually.
• Achieve zero major incidents for process safety (i.e., Tier 1) annually.
• Achieve zero significant (major or serious) environmental spills annually.

Commitment

• Embed a culture of equity and inclusion that enhances diversity across our company and strengthens the connection with our communities.

Performance Goals

• Review and revise our performance management program to mitigate bias and embed inclusive behaviours in 2024.
• Embed equitable hiring practices across our recruitment processes in 2024.
• Develop a consistent approach in reporting diversity metrics across all regions in 2024.

Commitment

• Maintain the highest industry standards for safe and sustainable methanol transportation.

Performance Goals

• Achieve zero reportable transport safety incidents (for methanol that we handle) annually.
• Complete safety visits on 100 per cent of our time charter vessels, annually.
• Reach at least 130 organizations through our product stewardship programs to promote the safe and sustainable handling and use of methanol.

Commitment

• Consistently demonstrate high standards of integrity across our company.

Performance Goals

• Conduct a corporate internal Responsible Care audit at each manufacturing location, once every three years.
• All marketing and logistics regions receive antitrust training annually.
• All employees and Methanex Board members complete ethics/Code of Business Conduct and Respectful Workplace training annually.
• All employees complete cybersecurity training annually.

Our fair labour practices seek to promote safe, meaningful and inclusive work for all through: i) providing competitive wages/salaries and benefits packages, ii) maintaining a culture with a strong focus on health and safety, iii) developing initiatives to support inclusion and diversity, iv) upholding human rights, providing training

As a Responsible Care Company, we are committed to promoting sustainable production and improving the environmental performance of our facilities and processes. We consistently review the value, impact, and safety of methanol, work with value-chain partners to support product stewardship and safety and disclose our environmental and social impacts in alignment with recognized reporting frameworks (SASB and TCFD).

We support the decarbonization of our company and other industries, including the global shipping industry, through investments in i) projects that can reduce GHG emissions intensity from our manufacturing process, and ii) in other technologies to produce lower-carbon methanol. We also advocate for the positive impact of methanol in the transition to a low-carbon economy.

We promote the transparent, respectful, and ethical behaviour of all employees and contractors. We set out clear expectations of such behaviour through our Codes of Business Conduct, train all employees on anti-corruption policies and procedures, and make grievance and whistleblowing mechanisms accessible to all. Additionally, we maintain a transparent Board nomination process, Board diversity policy, and executive compensation practices.