Executive Summary

Our climate transition strategy reflects our commitment to building a responsible, resilient business that meets the evolving expectations of our global clients and shareholders. It outlines our long-term approach to climate and environmental resilience, the expansion of our sustainable solutions portfolio, and our continued investment in innovation to support a low-carbon, circular economy.

This strategy is underpinned by strong governance and strategic decision-making, positioning KBR as a trusted partner in the energy transition. Our focus on delivering sustainable technologies and services has led to steady growth in revenue from energy transition, decarbonization and circular economy projects - demonstrating the alignment between sustainability goals and business growth.

We are strengthening our resilience by integrating climate and environmental risk strategies across our operations. By aligning with frameworks such as the Taskforce on Climate-related Financial Disclosures (TCFD) and International Financial Reporting Standards – Sustainability Disclosure Standard 1 and 2 (IFRS S1 and S2), we are embedding climate-related risks and opportunities into our business model to ensure long-term robustness and unlock new growth potential.

Our Climate Transition Plan objectives can be summarized as:

1. Innovate for Sustainable Solutions - We continue to invest in and develop technologies that support sustainable growth, growing our market share and helping our clients transition to more resilient and responsible operations.

2. Advance Climate and Environmental Milestones - Set and achieve ambitious emissions reduction targets that support long-term resilience and align with global climate goals.

3. Drive Environmental Performance Across Projects - Every project is an opportunity to deliver environmental improvements, reduce impacts, and enhance sustainability outcomes for our clients.