Talos Energy - Sustainability

OUR COMMITMENT

We are committed to integrating environmental, social, and governance (ESG) elements into our business practices as a responsible corporate citizen, and strive to deliver differentiating value to our stakeholders.

OUR PRIORITIES

Prioritizing safety and environmental responsibility

Maintaining sustainability accountability

Enhancing Board composition and governance

Embedding sustainability in executive compensation

Expanding sustainability reporting and transparency

Reducing Greenhouse gas (GHG) emissions

Driving community engagement and social responsibility

Managing and addressing climate-related risks and opportunities

THE FIVE KEY PRINCIPLES OF OUR CULTURE

THINK AS AN OWNER

EMBODY INTEGRITY & SAFETY

MAINTAIN OPTIONALITY

EMPOWER EACH OTHER

EMBRACE DIVERSITY & INCLUSION

Safety

Safety is Talos’s highest priority and is core to our operational culture. We operate in one of the most technically challenging and uniquely complex environments in the industry, and work to ensure the freedom from risk for all employees, contractors, the environment, and the public.

We require an equal safety commitment from our contractors and vendors working at our facilities. Our contractors are screened by Talos prior to each offshore deployment to ensure compliance with Talos health, safety and environment (HSE) requirements and that they are prepared and fully trained to perform the work they are hired to do.

0.04

Serious Injury or Fatality Rate in 2023

0.45

Total Recordable Incident Rate in 2023

HSE Operating Principles

Every worker has the right to Stop The Job

Carefully Planning and Communicating Each Activity will identify and mitigate jobsite risks

Our operations should be conducted in an Environmentally Sound manner at all times

Compliance with Regulatory Requirements is our non-negotiable license to operate

“Having been with Talos since 2019, initially as a contractor and then as an employee, it's clear to see the company's unwavering commitment to safety and well-being. This commitment extends not just to its employees and contractors but towards the protection of the environment as well. The safety culture at Talos, aimed at ensuring the welfare of our people and the world around us, is something I proudly support. Participating in this culture through rigorous training and keen observation is not only rewarding but feels like a genuine contribution to Talos's ongoing success.”

Quokneeko Robertson, HSE Training and Behavior Specialist

Environment

As a Gulf of Mexico producer, we supply some of the lowest emissions intensity oil and gas to the U.S. Gulf Coast industrial complex. Our large infrastructure position provides the scale necessary to employ measures to reduce emissions on a cost‑effective basis and facilitates lower‑cost subsea tie‑backs.

~30%⁽¹⁾

Reduction of Scope 1 GHG emissions intensity vs 2018 baseline

~64%⁽²⁾

Reduction of Scope 2 GHG emissions vs 2018

ZERO

Offshore hydrocarbon releases > 1 barrel for 4 Consecutive years

~8,200

Pounds of universal waste recycled in 2022

(1) 2021-2022 data is pro forma with EnVen acquisition. 2019-2020 data is Talos emissions only. EnVen did not collect full emissions data before 2021. All data calculated from 2018 baseline that is based on the GOADS methodology at the time.

(2) The Scope 2 reduction noted is Talos only. EnVen did not calculate Scope 2 emissions prior to 2022.

People

Our primary focus is the safety, health, and well-being of all employees, contractors, partners, and the communities in which we work.

We recognize that human capital management is crucial to Our Success

Our culture guides us in our actions, decisions, and processes to Empower Each Other

Our people are from all backgrounds and various disciplines and help to Create an Inclusive, Innovative and Collaborative Workplace

We look out for each other – every worker has the obligation and the Right to Stop the Job

Community

Talos Energy goes beyond responsibly providing affordable and accessible energy; we believe in coming together to give back to the communities where we live and work

Through our employee-driven Community Committee, we have four main areas of focus: Foster Wellbeing, Advancing Education, Promoting Environmental Stewardship, and Strengthening Communities

Since 2018, Talos has invested more than $2 million in local communities

Talos provides $1,000 annual allowance for every employee to donate to a charitable or community organization of their choice, as well as an annual paid volunteer day

“I take immense pride in being a part of a company that places a high value on giving back to the communities in which we operate. It's a core aspect of our culture. I'm particularly grateful for the chance to lead our employee-driven community committee. This role allows us to collaborate with a variety of organizations consistently, year after year, making a substantial impact in the communities where we live, work and play.”

Eunice Osorio, Senior Geological Technician

Read our Social Impact Report for Talos Mexico Operations in Spanish (link below).

Governance

At Talos, we uphold strong corporate governance principles and have established processes that govern the way we do business. We believe it is our obligation to operate with transparency, integrity, ethics, and accountability.

Sustainability

OUR COMMITMENT

OUR PRIORITIES

THE FIVE KEY PRINCIPLES OF OUR CULTURE

Safety

Safety

0.04

0.45

HSE Operating Principles

Environment

Environment

~30%⁽¹⁾

~64%⁽²⁾

ZERO

~8,200

People

People

Community

Community

Governance

Governance

Governance Documents & Other Policies

BOARD COMMITTEE CHARTERS

Reports

KEY DOCUMENTS

Archived Reports

Contact

Sustainability

OUR COMMITMENT

OUR PRIORITIES

THE FIVE KEY PRINCIPLES OF OUR CULTURE

Safety

Safety

0.04

0.45

HSE Operating Principles

Environment

Environment

~30%(1)

~64%(2)

ZERO

~8,200

People

People

Community

Community

Governance

Governance

Governance Documents & Other Policies

BOARD COMMITTEE CHARTERS

Reports

KEY DOCUMENTS

Archived Reports

~30%⁽¹⁾

~64%⁽²⁾