Executive Summary

Our Climate Transition Strategy outlines our ambitious science-based, net-zero commitments and emission reduction initiatives; our expanding portfolio of low-carbon products; along with our climate and environmental resilience and adaptation.

This strategy is supported by governance mechanisms and strategic decisions that have positioned KBR as a leader in the energy transition and low-carbon economy, driven by our commitment to developing and innovating sustainable solutions and technologies.

The intentional growth in energy transition projects, decarbonization, and sustainable and circular economy technologies has steadily increased our revenue from these services. This trend is highlighted in our Sustainability and Corporate Responsibility Report.

Strengthening our resilience by integrating climate and environmental risk strategies across our operations makes up a key part of this strategic direction.

By aligning our plans with the Taskforce on Climate-related Financial Disclosures (TCFD/IFRS S2) we’re embedding climate risks and opportunities into our business model to ensure long-term robustness and to capitalize on growth opportunities in climate response and adaptation.

Our Climate Transition Plan objectives can be summarized as:

1. Achieve Net-zero Milestones - We are committed to achieving near-term net-zero by 2030 and full net-zero by 2050, setting ambitious targets that align with global climate goals

2. Decarbonization and Environmental Net Gain - We approach every project as an opportunity to drive decarbonization and deliver environmental net gains, ensuring that sustainability is embedded in all our operations

3. Innovating for Sustainable Growth - Through continuous innovation, we continue to create new solutions that foster sustainable growth for both our own operations and those of our customers