Environmental and Social Policy

1. Purpose

Teravent’s mission is to accelerate the deployment of carbon removal solutions in a manner that is both rapid and responsible. We place equal emphasis on scale and accountability, with a particular focus on ensuring responsible practices. Our business model is intentionally designed to prevent conflicts of interest that can undermine trust, credibility, and effectiveness in the carbon removal ecosystem.

Integrity, transparency, and accountability are central to Teravent’s purpose. They are essential for delivering credible, verifiable carbon dioxide removal - a critical step in addressing the climate crisis.

The Teravent Environmental and Social Policy (“Policy”) reflects these principles and aligns with globally recognized best practices, including ISO 14001 standards. It is structured to:

• Minimize Teravent’s environmental footprint, including energy use and emissions; and
• Promote the health, safety, and well-being of employees, partners, and the communities where we operate.

Through this Policy, Teravent ensures that our growth and business operations consistently advance climate solutions while maintaining accountability, transparency, and social responsibility.

2. Scope

This Policy applies to all Teravent employees. The organisation will communicate the importance of environmental and social responsibility to all staff and stakeholders, including contractors and partners. All employees are expected to familiarize themselves with this Policy and any specific requirements relevant to their roles.

This Policy covers Teravent’s internal environmental and social commitments. Requirements for carbon removal suppliers and project partners are set out in Teravent’s Standards, Protocols, and Modules, which are independently audited for compliance as part of the credit issuance process.

3. Requirements

At Teravent, environmental stewardship, social responsibility, and operational integrity are not separate considerations, they are core to everything we do. We recognize that achieving meaningful climate impact requires embedding sustainability and social accountability into every aspect of our operations, from product development and procurement to employee well-being and community engagement.

This section outlines the guiding principles and practical measures Teravent employs to minimize our environmental footprint, promote health and safety, foster inclusive and equitable workplaces, and drive innovation responsibly. By integrating these commitments into our daily practices, we ensure that our growth aligns with the broader goal of advancing climate solutions with transparency, accountability, and positive social impact.

3.1. Approach

Teravent integrates environmental and social responsibility into all aspects of operations. Our commitments include:

• Continuously improving environmental and social performance by embedding best practices in all business activities;
• Complying with, and where feasible exceeding, regulatory, voluntary, and internal environmental and social standards;
• Incorporating sustainability considerations into procurement and operations to minimize resource consumption and encourage efficiency; and
• Building partnerships with organisations and initiatives that share our mission of advancing environmental sustainability and social well-being.

3.2. Health, Safety, and Community Well-being

Teravent is committed to the safety, health, and well-being of employees, partners, and local communities. This includes:

• Respecting human rights in line with internationally recognized principles, treating all individuals with dignity, fairness, and equality;
• Maintaining a safe, inclusive, and discrimination-free workplace with fair employment practices;
• Providing appropriate safety equipment and training to employees;
• Promoting well-being, mental health, and work–life balance through programs, resources, and training;
• Advancing diversity, equity, and inclusion through inclusive policies and practices;
• Engaging responsibly with local communities, addressing incidents proactively and transparently; and
• Supporting community initiatives related to health, education, and social welfare.

3.3. Sustainable Operations and Innovation

Even as a primarily digital company, Teravent is committed to minimizing its environmental footprint and embedding sustainability into operational and technological practices. This includes:

• Sustainable Product and Technology Development: Developing products with energy efficiency, sustainable IT architecture, and practices that reduce environmental impact.
• Operational Efficiency and Resource Conservation: Minimizing waste, preventing pollution, and optimizing the use of natural resources through responsible operations.
• Sustainable Business Travel Practices: Teravent actively seeks to reduce the environmental impact associated with business travel by prioritizing low-carbon alternatives wherever possible. Virtual collaboration is encouraged as the primary mode for meetings, workshops, and cross-regional team interactions, significantly reducing the need for travel related emissions. When inperson meetings are essential, travel is carefully planned and consolidated to minimize the overall distance and frequency of journeys. This includes strategically scheduling client visits, internal engagements, and industry events to maximize efficiency and reduce redundant travel. For participation in industry conferences or multiparty events, Teravent coordinates travel to ensure that each trip achieves maximum value - for example, by meeting multiple stakeholders in a single location over a condensed timeframe, thereby limiting the cumulative environmental footprint. Through these measures, Teravent ensures that operational effectiveness and human connection are maintained while responsibly managing the environmental impact of business travel.
• Team Gatherings and Off-Site Events: Limiting in-person team gatherings to essential events, ideally near main offices to reduce travel and scheduling events to coincide with planned workweeks and prioritizing locations accessible by low-carbon transport.

Through these measures, Teravent ensures that operational excellence and environmental responsibility are mutually reinforced.

3.4. Ongoing Engagement and Review

Teravent is committed to continuous improvement, transparency, and collaboration in environmental and social responsibility. To achieve this, we:

• Dedicate resources to scaling carbon removal responsibly and effectively;
• Share knowledge and insights with industry and academic partners to advance climate innovation;
• Engage constructively with policymakers to support science-based regulatory frameworks for carbon removal; and
• Conduct regular audits and self-assessments to monitor compliance, report progress to the Board, and drive ongoing improvement.

4. Expectations of Business Partners

While this Policy is not legally binding for Teravent’s partners, suppliers, or buyers, we expect them to uphold similar environmental and social principles. Teravent actively collaborates with partners through knowledge sharing, training, and capacity-building to strengthen collective responsibility.

Where concerns arise regarding a partner’s environmental or social practices, Teravent will:

• Clearly communicate expectations and work collaboratively to resolve issues; and
• Discontinue partnerships if satisfactory assurances cannot be obtained, in alignment with our ethical and sustainability commitments.

5. Violations and Policy Review

• Reporting Violations: Employees are expected to report any actual or potential violation of this Policy promptly to their Line Manager or through designated reporting channels.
• Disciplinary Action: Teravent may take disciplinary action against employees in breach of this Policy, up to and including termination of employment, in line with contractual and legal provisions.
• Policy Review and Updates: This Policy will be reviewed at least annually and updated as needed to reflect best practices, regulatory changes, and Teravent’s evolving commitments to environmental and social responsibility.