Climate Change Data

Environmental Metrics

ESG Focus Areas

• Diversity & Inclusion
• Wellbeing
• Training
• Emissions

Environmental Achievements

• Achieved net zero emissions globally by offsetting residual emissions of 344 tonnes CO2e.
• Eliminated Scope 1 emissions.
• Reduced identified material Scope 3 emissions to as low as practicable.
• Sourced 100% of office energy from renewables and offset any remaining Scope 2 emissions.

Social Achievements

• Launched a Speak Up phone line for employees to confidentially report illegal or unethical behavior.
• Achieved Living Wage standards across the organization.
• Launched a new global parental leave policy.
• Rolled out Xodus Time Out, a company-wide shutdown providing two days of additional leave for all employees.
• Launched X-Academy to upskill new graduates and skilled oil and gas workers in energy transition.

Governance Achievements

• Improved digital reporting and investigation of incidents.
• Launched a new intranet platform for internal communications on progress.
• Reviewed value chain process against the UN Global Compact and developed a roadmap for improvements.
• Implemented quarterly reporting to the leadership team on progress against the UN Global Compact principles.

Climate Goals & Targets

Environmental Challenges

• Work-related stress identified as a key risk to company performance.
• Gaps identified in crisis and risk management processes.

Mitigation Strategies

• Undertook a Health and Wellbeing survey to measure perceptions of health and safety.
• Established working groups to find root causes of stress and develop a stress management plan.
• Reviewed and expanded the Travel Risk Assessment scope to cover all work activities.
• Created a new guideline for handling crisis situations involving employees working overseas.

Supply Chain Management

Responsible Procurement

• Living Wage standard to form part of new vendor and contract renewal processes.
• New supplier terms will be drafted, creating a link between supply chain and code of conduct.

Climate-Related Risks & Opportunities

Opportunities

• Electrification of offshore oil & gas assets
• Development of new technologies to assist clients with emissions work

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 9001, ISO 14001, ISO 45001

UN Sustainable Development Goals

• SDG 5
• SDG 7
• SDG 9
• SDG 12
• SDG 13
• SDG 14

Environmental Metrics

ESG Focus Areas

• Climate Change
• Renewable Energy
• Supply Chain Sustainability

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Regulatory and policy uncertainty in Australia
• Limited manufacturing capabilities in Australia
• High cost of domestic labor in Australia
• Absence of a meaningful carbon policy in Australia
• Lack of existing infrastructure in Australia
• Geographical distance and logistical hurdles
• Unique environmental conditions in Australia

Mitigation Strategies

• Collaboration between UK and Australian governments and industries
• Investment in Australian infrastructure
• Development of domestic capabilities in Australia
• Implementation of a robust carbon policy in Australia
• Strategic planning to bolster production
• Leveraging existing infrastructure in Australia

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Carbon Capture, Utilization, and Storage (CCUS)

Environmental Achievements

• Developed a tool to assess cost-efficient CO2 storage sites and transport infrastructure in the North Sea, considering over 560 potential sites.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Uncertainty in CCUS timing, volume, and optimal locations; assessing cost efficiency and viability of projects.
• Competition for seabed area with other developing industries (offshore wind, hydrogen production).

Mitigation Strategies

• Developed a model to rank cost efficiency of storage sites and transport infrastructure, considering various factors (distance to shore, reservoir characteristics, etc.).
• Strategic national and cross-border infrastructure build-out strategy to ensure optimal network design and protect key infrastructure.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

CCUS contributes to reducing greenhouse gas emissions and promoting clean energy.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed