Better Health for All

EnQuest's principal goods, oil and gas, are fossil fuels that cause severe, widespread health damage through pollution and climate change, leading to a score of -100 for health impact. Similarly, 100% of its revenue is from these products with established negative health outcomes, resulting in a -100 for harmful revenue share. The company's operations generate significant health-harming externalities, evidenced by a £150,000 fine in 2022 for flaring 262 tonnes of gas in 2021

and a £300,000 fine for two explosions in 2019 that injured workers. However, EnQuest has made substantial remediation efforts, reducing its UK Scope 1 and 2 emissions by 40% between 2018 and 2024, which is ahead of government targets, leading to a -70 for health externalities. The company provides comprehensive internal mental health programs, including wellbeing awareness, training for 84 personnel, and mental health awareness courses for over 40 staff, resulting in a -50 for mental health initiatives. The company's products do not have direct safety implications for users, nor does its business model involve serving vulnerable populations with health needs, or engage in healthcare workforce development, preventative health, healthcare data management, health education, or addiction mitigation, resulting in a score of 0 for these KPIs. EnQuest does not hold healthcare-related patents, produce food, or conduct clinical trials, so pharma patent flexibility, nutrition and food safety, and clinical trial ethics are 0. Price accessibility, health equity programs, global health crisis response, and risk transparency are omitted due to lack of specific evidence.

Fair Pay & Worker Respect

The median pay for women was 80.9% of men's median pay in April 2024.

The company's CEO to median employee pay ratio was 20:1 in 2022. Voluntary employee turnover was 8.0%. The company received one North Sea Transition Authority (NSTA) Improvement Notice in November 2023.

Fair Trade & Ethical Sourcing

No specific quantitative data was provided in the articles for any of the KPIs related to Fair Trade & Ethical Sourcing. While some articles mention general policies or commitments, such as not tolerating modern slavery

or requiring suppliers to comply with a Code of Conduct, they do not offer concrete numbers, percentages, or frequencies required for scoring metrics like fair-trade certification share, audit frequency, forced/child labour incidents over a specific period, traceability coverage, remediation speed, ethical clause coverage percentage, materials risk index, or supplier diversity spend.

Honest & Fair Business

EnQuest was fined $182,378 (GBP 150,000) in December 2022

by the North Sea Transition Authority (NSTA) for flaring an excess 262 tonnes of gas on its Magnus field between November 30 and December 1, 2021 . The company promptly contacted the NSTA , maintained constructive dialogue , fully cooperated with the enquiry and investigation , and conducted its own internal review to prevent future non-compliance .

Planet-Friendly Business

Total Scope 1, 2, and 3 emissions for 2024 were 6,622,087 tCO2e.

The company has its own targets to reduce absolute Scope 1 and 2 CO2 equivalent emissions by 10% by 2023 against a 2020 baseline, with further 10% targets set over three years in 2022 and 2023, but these are not SBTi-validated. In 2023, the company reported 0 waste to landfill for its Kraken, Magnus, Heather, Vessels, Kittiwake, and Thistle operations. For environmental compliance, in 2023, there were 3 reportable hydrocarbon releases and one Improvement Notice, which was closed following corrective actions. In 2022, there was one oil drilling violation with a £150,000 penalty and one Improvement Notice. The company has a Board-approved target to reach net zero for Scope 1 and 2 emissions by 2040, with an interim target to reduce these emissions by 50% by 2030. The company has partially aligned with TCFD recommendations, with exceptions for Scope 3 recommendations and the quantification of risks and opportunities within Strategy (b) and associated Metrics and Targets. The company discusses reducing the risk of stranded assets through short-cycle investments and a pivot towards new energy and decarbonisation, noting that decisions to cease production at some assets are driven by this.

Respect for Cultures & Communities

EnQuest supports local communities through various initiatives. In 2024, the company supported cultural and sporting events on Shetland, including the Shetland Folk Festival, Shetland Rugby, and the Shetland Junior Golf Open.

Seven educational awards were made for the 2023-2024 academic year by the Sullom Voe Terminal Participants’ Tenth Anniversary Fund. EnQuest Malaysia contributed RM39,305.84 to student bursaries for 48 students and committed RM60,550 for school upgrades at Sekolah Kebangsaan Sungai Pergam, also sponsoring RM9,150 worth of 'Back to School' sets in March 2023. The company sponsored and participated in a program to replant 380 mangrove trees in Malaysia. EnQuest has an apprentice program at SVT, with three apprentices graduating in 2024 and three in 2023, and recruited one graduate into SVT in 2024. In 2023, 11 local university students were selected for internship placements. EnQuest has an extended partnership with the University of Bradford. The company recognizes the need for a social license to operate and has a Board-approved approach to corporate responsibility focusing on communities.

Safe & Smart Tech

The company received a £150,000 financial penalty from the North Sea Transition Authority (NSTA) in November 2022 for exceeding its 2021 annual flare consent for the Magnus field and breaching licence conditions.

It restarted production and flaring without a revised consent, disregarding regulatory obligations. The company also received multiple Health and Safety Executive (HSE) Improvement Notices related to its Magnus and SVT operations. Furthermore, it has partial compliance with TCFD recommendations, specifically regarding the quantification of risks and opportunities and full Scope 3 emissions reporting. While the company states adherence to GDPR and other data protection laws, these incidents demonstrate significant gaps in compliance with major regulations.

Zero Waste & Sustainable Products

The company recorded 22 spills to sea across various assets in 2023

and received four Health and Safety Executive improvement notices in 2021 related to asset integrity and liquid hydrocarbon draining. Its waste diversion rate for 2023 was 49.46%, with 835.36 tonnes diverted out of 1689 tonnes of total waste across its Kraken, Magnus, Heather, Thistle, Kittiwake, and Vessels facilities. EnQuest implements waste reduction initiatives including maximising the recycle and reuse of recovered materials during decommissioning, working with onshore waste management contractors to identify recycling routes, and conducting regular audits of waste management practices. Hazardous waste management ensures segregation, transportation, and disposal are managed in accordance with legislative requirements. However, the company has not explicitly stated specific waste reduction targets.