Equinor introduces and implements a climate target agenda and emissions reduction plan that is consistent
with achieving the global 1,5 degree C increase target defined in the Paris Agreement, which implies a 50
percent reduction by 2030 and a 100percent reduction by 2050 of absolute actual annual greenhouse
gas (GHG) emissions compared to 2015 emission levels. The plan must include Scope 3 emissions from the
combustion and other use of Equinor’s range of petroleum products. The transition required to implement
this plan must be based on an actual down-scaling of fossil fuel exploration and production and must exclude
compensation of actual emissions through the purchase or trading of CO2 quotas through the EU / ETS
system or through carbon sinks. The company shall in a transparent way report in its Energy Transition Plan
the projected expected absolute emissions within each emission category, to illustrate and communicate how
the company’s emissions targets will be achieved, and the status of the various trajectories