HSE policy

Concedo’s objective is to conduct its operations without harm to people, the environment or assets. HSE considerations are integrated into the Company’s management system, operational planning and decision‑making processes. The system underwent significant upgrades in 2025 to enhance risk management capabilities and ensure continued alignment with regulatory requirements and industry best practice.

All activities in 2025 were executed without spills, injuries or serious incidents. As a licensee on the NCS, Concedo fulfils its obligations under the Petroleum Act, including the duty to ensure prudent operations and the “see‑to‑it” duty. In 2025, the Company was a non-operating partner and systematically followed up of operators through structured assessments, performance reviews and dialogue related to risk and barrier management.

Environmental responsibility is a core component of Concedo’s approach. The Company supports operators’ initiatives to reduce emissions and environmental impact and works to ensure that project development and operational practices align with regulatory requirements, industry standards and climate‑related expectations. Concedo seeks to contribute to the efficient utilization of existing infrastructure and lower‑carbon development solutions.

“Concedo’s objective is to conduct its operations without harm to people, the environment or assets.”