GlobalData offers a comprehensive analysis of Aker BP, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Aker BP‘s ESG performance. GlobalData’s company profile on Aker BP offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Aker BP, an oil and gas exploration and production company, aims to achieve net zero emissions across its operations, scope 1 and 2, by 2030. The company committed to cutting gross emissions across its operations and reduce absolute emissions to near zero by 2050. The company’s latest filings mentioned the keywords 'Emissions' and 'CO2' most number of times in relation to 'Net Zero'.
Aker BP has taken steps to reduce its emissions, including sensitivity to carbon prices, identifying and mitigating catastrophic and tail-end risks, and managing risks and opportunities associated with community rights and interests. The company has electrified its several operational units and focused on energy efficiency to achieve its Net Zero goal.
Aker BP has disclosed its greenhouse gas emissions, including scope 1, scope 2, and scope 3 emissions. In 2022, the company's gross global Scope 1 direct GHG emissions were 1,066,456 tonnes CO2e, with a percentage of methane at 2.9 percent and a percentage covered under emissions-limiting regulations at 100 percent. Aker BP's Scope 2 emissions as per the location based method were 4,589 tonnes CO2e and scope 3 total GHG emissions were 63,054 thousand tonnes CO2e.
In conclusion, Aker BP has made a firm commitment to achieving net zero emissions across its operations by 2030 and near-zero absolute emissions by 2050. The company has implemented measures such as electrification and energy efficiency to reduce its emissions and has disclosed its greenhouse gas emissions across all scopes, demonstrating its transparency and accountability in addressing climate change.