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Corporate Governance


Sustainability Data Recalculation Policy

Periodically the Company undergoes organizational changes, develops new methodologies to calculate resource-use inventories (e.g. carbon and GHG emissions, energy-use, water-use, and waste generation), discovers errors and gaps in quantification, and includes/excludes sources from operational boundary. In order to provide a meaningful and relevant comparison to a value(s) in a current reporting period, recalculation of a value(s) from a historic reporting period (i.e. a base year) may be necessary. Our recalculation policy provides guidelines that define the circumstances and thresholds that trigger a historic reporting period(s) recalculation, and outlines the methodology for carrying out the recalculation.

Sustainability, ESG, and related reporting frameworks in-use (i.e. the GHG Protocol Standard, GRI, etc.) often make no specific recommendation with regards to the point at which changes are deemed significant enough to warrant a recalculation – this is up to individual reporting companies based on consideration of stakeholder needs and effort required to recalculate. In order to avoid the constant need for recalculation, it is recommended that a historic reporting period recalculation based on the circumstances described above be performed whenever the cumulative change in a new value(s) would represent 5% or greater of the previously reported value(s). Recalculation may be performed where changes represent less than 5% of a value(s), at the Company's discretion.