Commitments

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

Performance Goals

• Reduce Scope 1 and Scope 2 GHG emission intensity from manufacturing by 10 per cent by 2030 from 2019 levels.
• Invest $15 million of capital into energy efficiency and reliability projects with GHG reduction benefits at existing sites between 2023 and 2024.
• Target 97 per cent or higher reliability of our existing assets each year, which will maintain or decrease current GHG emissions.
• By the end of 2023, invest $3 million to evaluate the feasibility of:
  • Carbon capture and storage (CCS) for our North American assets
  • Lower emissions intensity options for future plants
  • Integrating e-methanol technology into our existing assets.
• By the end of 2023, purchase or produce carbon-neutral methanol to supply at least two methanol sales contracts.
• Sign at least three new commercial agreements to supply methanol as a marine fuel by 2025.

Commitments

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

Performance Goals

• Achieve zero significant (major or serious) environmental spills annually.
• – Complete evaluation of opportunities for air quality improvement projects to reduce NOx and VOCs at all sites.
• 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.

Commitment

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

Performance Goals

• Execute a three-year Diversity and Inclusion roadmap across all global Methanex sites.
• Increase our community investments by 30 per cent by 2024 from 2022.

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.
• Reduce CO₂ emissions intensity for all our owned and time charter vessels by 5 per cent by 2023 from a baseline of 2018.
• 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 & 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.