GlobalData offers a comprehensive analysis of Woodside Energy Group, 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 Woodside Energy Group‘s ESG performance. GlobalData’s company profile on Woodside Energy Group 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.
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Woodside Energy Group, an Australian energy company, has set target for net zero by 2050. The company has established targets to achieve a 15% reduction in net equity Scope 1 and 2 greenhouse gas (GHG) emissions by 2025, with a further aim of reaching a 30% reduction by the year 2030. In 2022, the company achieved a reduction of 11% in net equity Scope 1 and 2 greenhouse gas emissions compared to the initial baseline (2016-2020). The company reported Scope 1 (operated) emissions of 9,565 ktCO2-e, Scope 2 (operated) emissions of 8.2 ktCO2-e, and Scope 3 emissions (use of sold product – operated) of 83,825 ktCO2-e.
Woodside Energy Group has taken steps to reduce emissions and achieve its net-zero targets. The company has undergone reasonable assurance engagements and independent assurance statements to ensure the accurate quantification of emissions. It has also made investments in the energy transition and lower carbon services.
In conclusion, Woodside Energy Group has set net-zero targets and has specific goals related to scope 1, and scope 2 emissions. Woodside Energy Group's commitment to reducing emissions aligns with the global efforts to combat climate change and transition to a low-carbon future.
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