Muscat, 18 May 2026 - OQ, the global energy investment group, launched its 2025 Sustainability Report during Oman Sustainability Week 2026, under the auspices of H.E. Abdulsalam bin Mohammed Al Murshidi, President of Oman Investment Authority (OIA). The report reflects OQ’s continued progress in embedding sustainability across its operations, governance and long-term growth strategy, reinforcing its role in supporting Oman Vision 2040 and Oman’s Net Zero 2050 ambitions.

Published under the theme “Managing Impact. Securing Value,” the report highlights OQ’s integrated approach to balancing operational performance, responsible growth and environmental stewardship across four strategic pillars: advancing climate action, safeguarding nature, caring for people and driving sustainable growth.

In 2025, OQ strengthened the integration of environmental, social and governance (ESG) considerations into business planning, investment decisions and operational performance management. The Group also advanced its decarbonisation journey through enhanced emissions governance, energy efficiency initiatives and the continued expansion of its renewable energy portfolio.

Among the report’s key achievements, OQ expanded its renewable energy portfolio by more than 2,000 megawatts and secured power purchase agreements for over 740 megawatts of new solar and wind capacity. The Group also digitised its greenhouse gas inventory across all majority-owned subsidiaries, strengthening emissions governance, transparency and data quality.

As part of its climate action strategy, OQ continued integrating decarbonisation planning into subsidiary business plans and capital allocation decisions. In 2025, OQ achieved 100% of its corporate greenhouse gas target, reflecting disciplined operational performance and effective governance oversight. The Group also maintained its commitment to reducing emissions intensity through operational efficiency and portfolio optimisation initiatives.

The report also highlights OQ’s continued contribution to national economic growth and local value creation. In 2025, retained In-Country Value (ICV) increased by 24% compared to 2024, while SME spending reached approximately OMR 117.7 million. OQ further strengthened responsible procurement practices and continued investing in innovation, automation and digital transformation to improve operational performance and sustainability outcomes.

In workforce development and operational safety, OQ maintained strong safety performance across its operations, delivered more than 2,300 HSE training hours and achieved an Omanisation rate of 88%. Employee engagement also remained a priority, supported by continuous capability development and enhanced workplace wellbeing initiatives. The report further outlines OQ’s efforts in environmental stewardship, including maintaining zero freshwater consumption across operations, enhancing marine protection initiatives and advancing waste management and circular economy practices.

Prepared in accordance with the Global Reporting Initiative (GRI) Standards, the report also references the Sustainability Accounting Standards Board (SASB) Oil and Gas Standards and aligns with the United Nations Sustainable Development Goals (UN SDGs). During 2025, OQ also initiated alignment with IFRS S1 and IFRS S2 sustainability disclosure requirements to strengthen transparency and climate-related reporting.

Through its sustainability strategy, OQ continues to reinforce its position as a responsible global energy investment group, focused on enabling sustainable economic growth, strengthening energy resilience and supporting the transition towards a lower-carbon future.