GlobalData offers a comprehensive analysis of VAALCO Energy, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on VAALCO Energy‘s ESG performance. GlobalData’s company profile on VAALCO Energy 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.
VAALCO Energy, an energy company, has set target for net zero by 2050. The total scope 1 emissions for the company in 2022 were 310,806 metric tons CO2-e, and 3,325 metric tons CO2-e for Scope 2. The percentage of methane emissions in scope 1 emissions was 255,500 tCO2e for stationary facilities and 55,306 tCO2e for mobile equipment. VAALCO Energy is developing a process to incorporate climate change risk considerations into investment decisions and due diligence on potential acquisitions.
To reduce emissions, VAALCO Energy has taken steps and made investments. In its ESG report, the company mentions using funding for infrastructure improvements, including the installation of solar street lights, road repairs, clinic refurbishment, and improving access to water through wells and fountains.
In conclusion, VAALCO Energy, an energy company, is committed to achieving net zero by 2050. The company is actively working on emission reduction strategies, including incorporating climate change risk considerations into investment decisions. Additionally, VAALCO Energy has undertaken initiatives such as funding infrastructure improvements to enhance sustainability and community well-being.