Woodside Energy

Woodside Energy's most recent reported total emissions were approximately 9.18 billion kg CO2e in 2023, comprising Scope 1 and Scope 2 emissions. The company has set ambitious climate targets, including a reduction of net equity Scope 1 and 2 greenhouse gas emissions by 15% by 2025 and 30% by 2030, measured against a 2016-2020 gross annual average. Woodside Energy also has an aspiration to achieve net zero emissions by 2050 or sooner.

In prior years, Scope 1 and 2 emissions were reported as follows: approximately 9.57 billion kg CO2e in 2022, about 8.91 billion kg CO2e in 2021, and approximately 9.17 billion kg CO2e in 2020. For 2020, Scope 3 emissions from the use of sold products were also reported at approximately 32.94 billion kg CO2e. Prior to 2020, Scope 3 emissions data was not reported.

Woodside Energy has demonstrated progress in reducing emissions intensity, achieving over a 50% reduction in flare intensity between 2013 and 2016. The company is actively pursuing improvements in operational reliability and flare reduction initiatives. Their 2024 Annual Report indicates they are on track for their near-term targets for Scope 1 and 2 emissions reduction. The company's climate commitments are not cascaded from a parent organisation.