METHANE GUIDING PRINCIPLES

METHANE GUIDING PRINCIPLES, a Gas Works Gas company headquartered in GB, reported its 2024 Scope 1 emissions as 5,098,000 kg CO2e, Scope 2 market-based emissions as 146,000 kg CO2e, and Scope 2 location-based emissions as 122,216,000 kg CO2e. The organisation also reported Scope 3 business travel emissions of 24,395,000 kg CO2e for the same year.

Looking back, in 2022, the company's Scope 1 emissions were approximately 4 billion kg CO2e. In 2021, Scope 1 emissions were about 5 billion kg CO2e. Further back in 2016, Scope 1 emissions stood at approximately 9 billion kg CO2e. For the years 2016, 2021, and 2022, only Scope 1 emissions data was provided.

METHANE GUIDING PRINCIPLES has set several climate commitments. The organisation aims to reduce its Scope 1 emissions by 30% from 2020 levels by 2030, and also targets to reduce Scope 1 emissions to near zero by the middle of this decade (2023-2025). Similarly, it plans to reduce Scope 2 emissions by 30% from 2020 levels by 2030, with a further goal to bring Scope 2 emissions to near zero by the middle of this decade (2023-2025).

Regarding Scope 3 emissions, METHANE GUIDING PRINCIPLES is committed to reducing emissions from domestic business flights by at least 30% from a 2017-18 baseline by 2025. Additionally, in support of the Global Methane Pledge, the organisation is working towards a 30% reduction in total Scope 3 methane emissions from 2020 levels by 2030. More broadly, the company also has a short-term target of a 50% reduction of methane emissions by 2025 for PETRONAS Groupwide natural gas value chain from a 2019 baseline. Mid-term targets include a 50% reduction in absolute methane emissions by 2030 for Malaysia's Natural Gas Value Chain from a 2019 baseline, and a 70% reduction in absolute methane emissions by 2030 for PETRONAS Groupwide natural gas value chain from 2019 levels.