Climate Change Data

Cadogan Energy Solutions plc

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:15,044 tCO2e/year
Scope 1 Emissions:14,933 tCO2e/year
Scope 2 Emissions:111 tCO2e/year
Total Energy Consumption:557,631 kWh/year (Ukraine)
Carbon Intensity:126.36 tCO2e/Kboe (2023)

ESG Focus Areas

  • Health, Safety, and Environment (HSE)
  • Climate Change
  • Community Relations
  • Human Rights
  • Diversity & Inclusion

Environmental Achievements

  • ISO 14001 and 45001 certifications re-validated.
  • Launched gas-to-power project in Ukraine, aiming to reduce CO2e/Kboe from 126 to 33 tons by Q1 2025.

Social Achievements

  • No Lost Time Incidents (LTIs) or Total Recordable Incidents (TRIs) reported.
  • One employee demobilized from the army during 2023; two remained serving.
  • Continued focus on employee well-being and safety during the war in Ukraine.
  • Fully financed social programs commitment for 2023 as per signed Memorandum.

Governance Achievements

  • Annual election of all Directors by shareholders.
  • Regular review of HSE policies and procedures.
  • Procedures in place for managing conflicts of interest.

Climate Goals & Targets

Short-term Goals:
  • Implement gas-to-power project (operational in Q1 2025).

Environmental Challenges

  • Ongoing war in Ukraine impacting operations and safety.
  • Market volatility due to the war.
  • Legislative restrictions on oil and gas exports.
  • Temporary production shutdowns due to war-related constraints.
  • Legal dispute with Proger Management & Partners Srl (PMP) regarding a loan agreement.
Mitigation Strategies
  • Implemented emergency procedures and remote working arrangements.
  • Rigorous risk management to safeguard operations and workforce.
  • Extended lease contracts for Blazhiv-3 and Blazhiv-Monastyrets-3 wells.
  • Developed gas-to-power project to reduce emissions and diversify revenue streams.
  • Engaging in legal actions to protect interests and recover amounts due from PMP.

Supply Chain Management

Climate-Related Risks & Opportunities

Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Gas-to-power project

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Moore Kingston Smith LLP