Golar LNG : Joint UK Modern Slavery Act and Norwegian Transparency Act Statement

Published: 2025-06-30 10:57:07 ET GLNG

Published on 06/30/2025 at 10:57

This statement is made pursuant to Section 54 of the United Kingdom Modern Slavery Act 2015 and

the Norwegian Transparency Act 2022 § 5 (the "Acts").

Golar LNG Limited is a leading independent developer, owner, and operator of floating liquefied natural gas (FLNG) infrastructure. Our strategy focuses on expanding our portfolio of FLNG projects, with a clear competitive advantage in delivering cost-effective solutions quickly.

From our origins in LNG shipping and floating regasification, Golar has evolved into a pioneer in floating liquefaction. Our expertise spans the full value chain, from design and conversion to ownership and operation of marine-based gas liquefaction infrastructure. We believe natural gas will continue to play a vital role in the global transition to cleaner energy, and our innovative floating solutions provide a sustainable, safe, and commercially attractive means of unlocking stranded gas resources around the world.

Today, Golar operates FLNG Hilli offshore Cameroon and FLNG Gimi offshore Mauritania and Senegal. FLNG Hilli is scheduled for redeployment to Argentina after 2026, alongside an additional MKII FLNG, which is currently under construction.

We have offices in Oslo (technical and operations) and London (finance and commercial), with our executive headquarters located in Bermuda. We also have operations or projects in Italy, Croatia, Cameroon, Mauritania, Senegal and, more recently, in China.

Our supply chain is global and consists of various suppliers providing services, parts, consumables, equipment and supplies for the vessels, as well as shipyards. Due to the nature of our business, sourcing goods locally is not always possible. However, we continuously try to support local suppliers where we can by procuring goods and services where our FLNGs are located and by providing further support to develop these suppliers if we find room for improvement.

Our mission is to:

Be recognised as a learning organisation with an outstanding reputation for safe, reliable and cost-effective operations.

Employ and develop talented people who can see the impact of what they do.

Develop a pipeline of new FLNG infrastructure opportunities and convert the best into world-class projects.

Be a great business partner, where combining skills and resources make a big difference.

As required by the Modern Slavery Act, we have since 2017 focused on evolving and improving our approach to combatting modern slavery and obtaining greater assurance that it does not occur within our supply chains. Our compliance program includes:

Raising awareness and providing training for all staff about Golar's stance on this issue, and the need for all staff to be vigilant and challenge practices which they are unsure of, particularly in higher risk areas of our supply chain.

Requiring all suppliers to attest to not using child, forced or bonded labour within the goods or services they provide Golar, and agree to the terms of Golar's Supplier Code of Conduct (which was updated in 2023 to take into account the requirements of the Norwegian Transparency Act, in addition to the existing requirements under the Modern Slavery Act).

Identifying, vetting and monitoring higher risk suppliers, based on the type of goods or services being provided and their geographical location. Regular reassessment of our high-risk criteria and higher risk supplier list.

Requiring higher risk suppliers to provide additional information and evidence before they are approved for use.

Engaging higher risk suppliers to understand their approaches and progress in ensuring that modern slavery does not occur and including human rights and decent working conditions in our supplier audits.

Golar is committed to upholding high standards of governance, transparency, and ethical conduct wherever we operate. We are aware of the challenges within our industry and actively work to mitigate

risks that may affect our operations or supply chain. Central to our approach is respect for human rights and the promotion of decent working conditions throughout our value chain.

We have developed and implemented policies and systems designed to:

Identify and address human rights risks across our operations and supply chain;

Ensure compliance with anti-bribery and anti-corruption laws and regulations;

Promote a culture of integrity, accountability, and legal compliance.

Our business operations are governed by a comprehensive set of policies and guidelines. These documents form a central tenet of the Golar Management System (GMS), which guides Golar's internal operations.

Corporate Code of Conduct,

Supplier Code of Conduct,

Anti-Bribery and Corruption Policy,

Speak Up Policy,

Environmental Policy,

Occupational Health and Safety Policy.

We take our responsibilities under the Modern Slavery Act, the Norwegian Transparency Act and other applicable legislations in the countries where we operate seriously and strive to continuously improve our due diligence processes. This includes assessing and addressing potential adverse impacts in high-risk jurisdictions and maintaining transparent, sustainable partnerships with suppliers and contractors.

Protecting human rights and decent working conditions in our supply chain is a high priority for Golar and we continuously seek to improve our procedures to ensure we accurately identify and address risks.

Golar has an established registration process for new suppliers, which requires any prospective supplier to sign up to Golar's Supplier Code of Conduct, which includes specific requirements on human rights and modern slavery. They must also complete a questionnaire outlining their responses to key topics, such as their relevant accreditations, key policies and governance activities (for example health and

safety standards). The questionnaires are reviewed by our Supply Chain and Health, Safety, Security, Environment and Quality (HSSEQ) team. Depending on the nature of the services being provided and the responses to the questionnaire, further investigation and assessment may be required by the reviewing teams. This process includes specific reference to forced and involuntary labour and requires prospective suppliers to disclose the steps they have taken to ensure that human trafficking and modern slavery do not exist within their operations and supply chains.

All employees receive annual refresher training in our Code of Conduct, which includes a refresher on our commitment to ensuring human rights are respected. In addition to this we aim to have specific training sessions for the Supply Chain team on supplier risk and social responsibility including how we can prevent modern slavery in our supply chain.

During 2024 we intensified due diligence efforts with our local suppliers. We screen all our suppliers using third party risk screening covering sanctions and adverse media relating to human rights, working conditions and other risks such as bribery and corruption. We use supplier self-assessments to help us identify gaps related to certifications, quality procedures or policies, occupational health and safety, human rights and decent working conditions. When risk areas have been detected, we address them in supplier audits.

Golar actively seeks ways to work together with our suppliers to eliminate or minimize risks.

To help us better monitor potential risks and identify whether further action is required, we have recently digitalized our self-assessment form for Ethical and Social responsibility. We are currently developing our Supplier Qualification form into a web-based solution, which we aim to complete by the end of the year. This will ensure appropriate level of due diligence and both of these initiatives will help us improve the processing of the data and information collected.

Performance internationally:

Our suppliers go through a thorough onboarding process before they are approved, which limits our risk of non-compliance with both the Transparency Act and the Modern Slavery Act. Most of our

international suppliers have robust policies, procedures and measures that further limit the risks of noncompliance with the Transparency Act and our internal requirements on human rights.

During 2024 we mapped out high risk and high spend suppliers and evaluated all documentation submitted by them. This mapping continues to guide our ways of working with suppliers in 2025. Our aim is to ensure all suppliers for our FLNGs are committed to our supplier code of conduct covering ethical governance, human rights, and decent working conditions. All new suppliers are required to sign the supplier code of conduct or show commitment to a code of conduct that exceeds our requirements as a prerequisite to working with us.

Performance locally

In 2024 we had a heightened focus on high spend suppliers together with suppliers in Cameroon. The results showed that most of our vendors comply with our requirements, although some still have room for improvement (as further discussed below). Golar is committed to working closely with those suppliers to help them improve.

This year we are rolling out online self-assessments for suppliers in Senegal and Mauritania. As our FLNG Gimi has entered operations, it is necessary to increase our due diligence efforts and collaboration with local vendors in Mauritania and Senegal to raise their awareness of respect for human rights and decent working conditions.

Why It's Important

In line with our commitments under the Modern Slavery Act and the Norwegian Transparency Act, Golar places significant emphasis on identifying and mitigating risks related to human rights and decent working conditions across our global supply chain. Given our geographically diverse operations and reliance on local vendors in high-risk jurisdictions, it's imperative we apply a robust methodology for identifying and managing vendor risk.

How We Identify High-Risk Vendors

Golar uses a risk-based approach, underpinned by internationally recognised indexes, to assess the risk level associated with vendors. A vendor may be classified as high-risk based on:

Disclaimer

Golar LNG Ltd. published this content on June 30, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 30, 2025 at 14:56 UTC.