Mr. Craig Bryksa reports

CRESCENT POINT RELEASES 2023 SUSTAINABILITY REPORT

Crescent Point Energy Corp. has released its 2023 sustainability report highlighting the company's strong environmental, social and governance (ESG) performance.

Crescent Point remains on schedule to achieve each of its environmental targets, which are composed of initiatives centred around reducing emissions, freshwater use and the number of inactive wells across its land base. Building upon these environmental targets, the company has also introduced new targets to further strengthen its commitment to safe operations and indigenous engagement.

"Our 2023 sustainability report showcases our strong performance and strategic approach in managing our ESG priorities," said Craig Bryksa, president and chief executive officer of Crescent Point. "We continue to lead by example, delivering on our purpose of bringing energy to our world -- the right way, by integrating ESG practices throughout our organization. Our position as a leader in the industry is also evident in our record safety scores and our continued success in meeting our ambitious environmental targets. Furthermore, our portfolio strategy and continued optimization of our asset base reflects our focus on high-quality resource plays with long-term sustainability."

Two thousand twenty-two key highlights:

• Achieved safest year on record for both serious incident frequency (SIF) and total recordable injury frequency (TRIF), demonstrating strong safety culture, and active engagement with staff and contractors.
• Achieved previous target to reduce scope 1 emissions intensity by 50 per cent ahead of schedule, and built upon this success by establishing new, more aggressive emissions targets to reach a combined scope 1 and 2 emissions intensity of 0.024 tCO2e/boe (tonne of carbon dioxide equivalent per barrel of oil equivalent) by 2025 and 0.02 tCO2e/boe by 2030.
• Established two new water targets to reduce surface freshwater use in the company's southeast Saskatchewan completions by 50 per cent by 2025, and to develop strategic water management plans for all major operating areas.
• Safely decommissioned 240 inactive wells as part of target to reduce inactive well inventory by 30 per cent by 2031.
• Continued to dedicate 3 per cent to 5 per cent of annual maintenance capital to finance environmental stewardship initiatives.
• Demonstrated continuing commitment to diversity and inclusion through the company's women's leadership network, expanded campus recruitment strategy and scholarship programs.
• Donated $2.2-million to support more than 450 charitable organizations and community groups.

New ESG targets:

• Established two new safety targets to promote safe work practices and strengthen support for mental health.
• Enhanced indigenous engagement and set new targets for indigenous awareness training for all staff and board members.

The full report, including a downloadable PDF and data tables, is available on Crescent Point's website.