30 Fluor Corporation Client Support and Sustainability Fluor is dedicated to having a positive impact on the world and our stakeholders through our work supporting clients and solving critical challenges on projects that advance economies worldwide. By leveraging our expertise for a greater impact, providing solutions for a sustainable future and maintaining our carbon-neutral position, Fluor is building a platform for sustainable growth. LEVERAGING OUR EXPERTISE FOR A GREATER IMPACT To drive sustainable value for Fluor and our stakeholders, we seek to build strong relationships with our clients, leveraging our expertise and wealth of experience to support projects. Across Fluor’s portfolio, we serve as a strategic partner, advising clients on technologies and innovations that can be leveraged on their projects. By targeting copper, power, data centers and national security as key growth markets, in addition to our traditional oil and gas portfolio, we are building partnerships and positioning ourselves to meet the evolving needs of these important industries. While we consider lump sum work when it is beneficial and low risk to Fluor, we continue to target reimbursable contracts, further de-risking our backlog. In 2024, we increased our reimbursable backlog to 79%, compared to 76% in 2023. PROVIDING SOLUTIONS FOR A SUSTAINABLE FUTURE As society seeks lower-carbon energy, sustainability has become even more integral to the solutions we provide our clients, particularly in Europe. We are helping clients achieve their decarbonization goals through technologies that reduce greenhouse gas (GHG) emissions; improve energy efficiency; and deliver cleaner, decarbonized projects. For example, thanks to our long history of successful project execution with Dow, we were selected to perform EPCM services for their Path2Zero project in Alberta, Canada – the first of its kind in the world. Read more on page 21 Fluor is helping several steel manufacturers ramp up their emissions-reduction efforts to deliver carbon-neutral ’green steel’. We are designing and building new steelmaking facilities using energy-efficient electric arc furnaces (EAF) on several projects. Combining these EAFs as well as other carbon intensive industries with low-carbon energy sources, such as NuScale Power, a Fluorbacked proprietary small modular nuclear reactor technology, could significantly reduce industrial carbon emissions. CREATING LASTING CLIENT VALUE Increased our reimbursable backlog to 79%, compared to 76% in 2023. Performed 200+ energy transition-related frontend studies in 2024 to position for future installations. Reduced our Scope 1 and Scope 2 market-based emissions* by 30% compared to 2023 and maintained our carbon neutral position for our offices and associated fleet. 2024 Performance Highlights * Before unbundled energy attribute certificates were applied.
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