Woodside Energy Sustainability Profile
Woodside Energy Group Ltd, commonly known as Woodside, is a leading Australian oil and gas company headquartered in Perth, Australia. Founded in 1954, Woodside has established itself as a key player in the energy sector, primarily focusing on the exploration, development, and production of hydrocarbons. The company operates major projects in Australia and internationally, with significant assets in the North West Shelf and Pluto LNG. Woodside is renowned for its innovative approach to liquefied natural gas (LNG) production, offering unique solutions that enhance efficiency and sustainability. With a commitment to responsible energy development, Woodside has achieved notable milestones, including the successful delivery of large-scale LNG projects. As a prominent entity in the energy market, Woodside continues to drive advancements in technology and environmental stewardship, solidifying its position as a trusted provider of energy solutions.
DitchCarbon Score
How does Woodside Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Woodside Energy's score of 20 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Woodside Energy's reported carbon emissions
In 2023, Woodside Energy reported total carbon emissions of approximately 9.175 billion kg CO2e, comprising about 9.165 billion kg CO2e from Scope 1 and approximately 10 million kg CO2e from Scope 2 emissions. The company has set ambitious reduction targets, aiming for a 15% reduction in net equity Scope 1 and 2 greenhouse gas emissions by 2025 and a 30% reduction by 2030, relative to the 2016-2020 gross annual average. Additionally, Woodside aspires to achieve net zero emissions by 2050 or sooner. The company has made significant strides in reducing flare intensity, achieving over a 50% reduction since 2013. This commitment to operational reliability and flare reduction initiatives underscores Woodside's proactive approach to climate action. The emissions data is sourced directly from Woodside Energy Group Ltd, with no cascaded data from parent organizations.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,402,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 8,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | - | - | - |
How Carbon Intensive is Woodside Energy's Industry?
How Carbon Intensive is Woodside Energy's Location?
Woodside Energy's Scope 3 Categories Breakdown
Woodside Energy's Scope 3 emissions, which increased by 18% last year and increased by approximately 18% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 78% of total emissions under the GHG Protocol, with "Use of Sold Products" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Woodside Energy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Woodside Energy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
