Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change and Energy Transition
• Energy and Emission Management
• Waste Management
• Low Carbon and Sustainable Products
• Water Management
• Air Quality
• Biodiversity and Ecosystem Conservation
• Human Rights
• Workforce Competency and Engagement
• Health, safety and security
• Disaster Management
• Community Engagement
• Innovation & Technology Up-gradation
• Business Ethics and Transparency
• Compliance with legal and regulatory environment
• Crisis and Risk Management

Environmental Achievements

• Total installed capacity of renewable energy as on 31 March 2023 was about 189.53 MW (Solar: 36.53 MW and Wind: 153 MW).
• Reduction in GHG emission and proportional SOx, NOx suspended particles
• 4861 tCO2e/year estimated emission reduction from a 5 MW solar plant installed in Hazira.
• 93,151 MT of oil sludge & oil mix soil was bio-remediated to convert into non-hazardous waste for safe disposal.

Social Achievements

• Launched Project Parivartan initiative related to improvement in safety culture resulting in employee engagement and better risk management practices.
• Provided HSE training to all employees.
• All workplaces across its operation plants are ISO 9001, 14001 and 45001 certified.
• ONGC supported the construction of multi-speciality Siu-Ka-Pha hospital at Sivasagar in Upper Assam

Governance Achievements

• ONGC has a robust compliance management system that includes policies, procedures, and guidelines.
• ONGC’s commitment to ethical and responsible business practices enhances the company's reputation and attracts new customers and investors.
• ONGC has an anti-bribery policy.

Climate Goals & Targets

Environmental Challenges

• Climate change risks requiring a coordinated global effort to reduce greenhouse gas emissions.
• Climate-related major physical risks from rising sea levels and extreme weather.
• Increasing pressure to decarbonize its value chain.
• Waste management challenges and moving towards a circular economy.
• Water management concerns.
• Air quality emissions and their reductions.
• Ecosystem and biodiversity loss.
• Human rights issues with extensive supplier footprint.
• HSE risks due to geographical location and technical complexity of operations.
• Disaster risks from climate change and oil industry-specific events.
• Adapting changes in the regulatory environment.
• Crisis and risk management challenges from various sources.

Mitigation Strategies

• Preparing strategy to address climate change through the transition to renewable energy and roadmap to achieve Net Zero status for Scope-1 and Scope-2 emission by 2038.
• Investing in R&D for innovation and technology.
• Collaboration with global and domestic experts, and industries.
• Adopting comprehensive measures and advanced technology for energy and emission management.
• Focusing on the reduction of flaring by installation of gas compressors.
• Installing energy-efficient LEDs across its establishments.
• Regular maintenance and technology up-gradation to improve energy efficiency.
• Having SOPs in place to arrest Pipeline leakages.
• Adhering to statutory requirements for storage, handling, transport, and disposal of hazardous and non-hazardous waste.
• Implementing an e-waste and hazardous waste management plan.
• Investing in sustainable water management practices.
• Recycling of water across all the operations, wherever feasible.
• Treating and disposing of produced water from operations.
• Baseline monitoring of air quality around drill sites, production installations, and other plants.
• Monitoring of fugitive emissions/hydrocarbon emissions/VOC emission.
• Reducing flaring.
• Using cleaner fuel for captive power requirements.
• Submitting conservation plan to the State Wildlife Division.
• Conducting Environmental Impact Assessment (EIA) studies.
• Setting aside funds for biodiversity conservation.
• Implementing human rights policy and multiple mechanisms like appeals and grievance committees.
• Launching Project Parivartan initiative.
• Providing HSE training to all employees.
• Having a comprehensive Risk management system.
• Implementing a Disaster Management Plan, Emergency response plan, and Oil spill response plan.
• Focusing on socio-economic development of communities through CSR activities.
• Investing in research and development activities.
• Implementing a robust compliance management system.
• Focusing on meeting the requirements of compliance.
• Conducting third-party audits to assess the company’s compliance with stipulated laws and regulations.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Public Procurement Policy for Micro & Small Enterprises (MSEs)

Climate-Related Risks & Opportunities

Physical Risks

• rising sea levels
• cyclones
• heat waves
• floods
• changing seasonal patterns

Transition Risks

• regulatory changes
• market shifts

Opportunities

• transition to renewable energy
• development of energy-efficient products

Reporting Standards

Frameworks Used: International Integrated Reporting Council’s (IIRC’s) Integrated Reporting Framework, National Guidelines for Responsible Business Conduct (NGRBC)

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001:2011, ISO 50001:2018, ISO 27001, ISO 37001:2016

Third-party Assurance: Bureau Veritas (India) Private Limited