Statement on Preservation of Environment and Community Amenity

(In accordance with applicable GCC environmental and infrastructure regulations)

Introduction

Al Shift operates in the energy, infrastructure, and related sectors across the Gulf Cooperation Council (GCC) region. In conducting its licensed and authorised activities, Al Shift is committed to preserving environmental quality, community wellbeing, and public amenity in accordance with applicable national laws, regulations, and permitting requirements within each GCC jurisdiction.

This statement outlines Al Shift’s approach to identifying, assessing, and mitigating potential impacts of its projects and operations on the environment, natural surroundings, heritage assets, and local communities.

Regulatory Requirements

Energy generation, transmission, and infrastructure activities within GCC countries are subject to national environmental laws, municipal planning regulations, and sector-specific licensing conditions. Al Shift ensures that all projects are developed and operated in compliance with applicable requirements, including environmental protection, land use planning, public safety, and cultural heritage preservation obligations.

Where required, approvals, permits, and consents are obtained from the relevant authorities prior to commencement of works.

Environmental and Social Assessment

Before developing any project, Al Shift undertakes appropriate environmental and social assessments in accordance with applicable laws and regulatory guidance. These assessments consider potential impacts on natural landscapes and visual amenity, flora and fauna, water resources and soil, built environment and community infrastructure, and cultural, archaeological, or heritage assets.

Mitigation measures are identified and implemented to minimise adverse impacts to the greatest extent reasonably practicable.

Minimising Impact of Infrastructure

Al Shift seeks to design, construct, and operate infrastructure in a manner that minimises disruption to communities and areas valued for environmental or cultural significance. Where activities may adversely affect amenity, works are planned and executed to reduce impacts through appropriate design choices, construction methods, scheduling, and restoration practices.

Audits and Compliance

Health, safety, environmental, and quality audits are carried out in accordance with Al Shift’s internal standards and applicable regulatory requirements. Compliance with permit conditions and regulatory obligations is maintained throughout the lifecycle of each project.

Training and Awareness

Al Shift promotes environmental and regulatory awareness among employees through appropriate training and internal communication. Contractors and suppliers engaged by Al Shift are also made aware of relevant regulatory, environmental, and community obligations.

Review

This statement is reviewed periodically and updated where required to reflect changes in legislation, regulatory expectations, or business operations. Stakeholder consultation may be undertaken where appropriate.

Diversity, Fairness, and Equal Opportunity

Al Shift is committed to fostering a diverse, inclusive, and fair workplace. Employees are rewarded based on merit, responsibility, and contribution, without discrimination. Where required by applicable local laws, Al Shift complies with reporting and transparency obligations relating to workforce equality and fair remuneration.

Tax Strategy and Financial Compliance

Overview

This section outlines Al Shift’s approach to tax compliance, financial governance, and tax risk management across the jurisdictions in which it operates.

Our Business

Al Shift operates across the energy and infrastructure value chain, including development, construction, asset management, and operations. The company is committed to responsible business practices, long-term value creation, and ethical conduct in all markets.

Group Tax Policy

Al Shift complies fully with the tax laws and regulations of each jurisdiction in which it operates. The company’s tax strategy is aligned with its broader corporate governance and risk management framework and is guided by integrity in compliance and reporting, responsible business conduct, investment in people and professional capability, effective control and management of tax risks, and protection of corporate reputation.

Transactions are structured based on genuine commercial and economic substance and not for the purpose of aggressive or artificial tax avoidance.

Risk Management and Tax Planning

Al Shift seeks to pay the correct amount of tax legally due in each jurisdiction. Where tax incentives or reliefs are lawfully available, these may be utilised where consistent with business objectives and regulatory intent.

In cases of uncertainty or alternative interpretations of tax law, management applies professional judgement in a manner consistent with regulatory expectations and ethical standards.

Engagement with Tax Authorities

Al Shift maintains professional, transparent, and cooperative relationships with tax and regulatory authorities. Information is shared in a timely and accurate manner where required, and communications are conducted with integrity and mutual respect.

Waste Management and Environmental Responsibility

Where Al Shift imports, supplies, or operates equipment containing industrial batteries or other regulated materials, it complies with applicable waste management, recycling, and take-back obligations under local environmental regulations.

Arrangements are made for the proper collection, treatment, and recycling of regulated waste materials in accordance with legal and environmental standards.

Asset Management Policy

Al Shift provides asset management services designed to ensure safe, reliable, and sustainable operation of physical assets. Assets are managed to maximise value, minimise risk, and maintain appropriate service levels while meeting health, safety, and environmental obligations.

Research, Development, and Innovation

Al Shift supports responsible research, development, and innovation initiatives aimed at improving operational efficiency, sustainability, and safety. Management is committed to fostering innovation aligned with regulatory compliance and business objectives.

Supply Chain Code of Conduct

Al Shift is committed to ethical sourcing and responsible supply chain management. Suppliers and contractors are expected to uphold standards relating to legal compliance, labour practices, health and safety, environmental protection, and ethical business conduct.

Collaboration, transparency, and mutual respect are central to Al Shift’s relationships with its supply chain partners.