Perenco
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:9,768,870 tCO2e/year (Scope 1)
Scope 1 Emissions:9,768,870 tCO2e/year
Water Consumption:2,723,395 barrels/year (produced water)
Carbon Intensity:68.7 kg CO2e/boe (2022)
ESG Focus Areas
- Climate change
- Biodiversity
- Employee development
- Local development
- Ethics and governance
Environmental Achievements
- Improved GHG emissions measuring and reporting, especially on methane emissions
- Studies on carbon circular economy pilot projects
- Installed a VRU at our Pargo field in Brazil, enabling us to recover gas that was previously flared
- Successfully completed 14 decommissioning projects
- Dismantled over 20,000 tons of steel structures and abandoned more than 70 wells
Social Achievements
- Launched the Work Safely initiative with DSS+
- Diminution of TRIR (Total Recordable Injury Rate) by 12.5% vs 2021
- Launched the Jean-Robert Ippet-Letembet Training Barge for Central Africa
- Launched our PeTra e-training platform
- 260 ongoing social responsibility projects
Governance Achievements
- Formalization of the Sustainability Governance
- Sustainability embedded in Perenco business processes
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050 (implied)
Medium-term Goals:
- 45% reduction in scopes 1 emissions at isoperimetre (2023 baseline) by 2030
- Near zero methane intensity ambition by 2030
- Zero routine flaring ambition by 2030
- 20% reduction in pressure on freshwater resources in water-stressed areas by 2030
- Develop a supplier and subcontractor qualification standard in terms of QHSE and Human Rights by 2024
Short-term Goals:
- Implement our Leak Detection And Repair (LDAR) plan by 2024
- Achieve ISO14001 certification for all sites by 2025
- Achieve net zero deforestation by 2025
- Define a minimum percentage of each subsidiary’s operating expenses to be dedicated to CSR projects by 2024
- Hold at least 1 stakeholder meeting per year in each subsidiary by 2025
Environmental Challenges
- Failure to meet GHG emissions reduction standards and targets
- Physical risks linked to climate change and ecosystem collapse
- Extensive and/or irremediate negative impacts on biodiversity and ecosystems
- Fresh water shortage
- Environmental pollution and contamination
Mitigation Strategies
- Definition of Group GHG targets, trajectory and action plan
- Creation of a Climate committee
- Promotion of low-emission solutions
- Conduct of environmental impact studies
- Respect of local regulations
- Certification ISO 14001
- Collaboration with third parties/NGOs
- Implementation of biodiversity action plans
- Integration of decommissioning in our business plans
- Water management system
- Limitation of fresh water withdrawals
- Safety process measures and maintenance
- Inspections
- Emergency preparedness measures
Supply Chain Management
Responsible Procurement
- Ethics and Business Integrity policy
- Local procurement
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Stricter regulations
- Decrease in global Oil & Gas demand
Opportunities
- Development of energy-efficient products
- Carbon Capture and Storage (CCS)
Reporting Standards
Frameworks Used: GRI Standards, IPIECA’s Oil and Gas Industry Guidance, OECD’s Due Diligence Guidance, SASB
Certifications: ISO 14001 (some sites), ISO 45001 (some sites)
Awards & Recognition
- Special Mention Award at Bogota’s Gran Foro Petroleo y Gas
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:10,481,920 tCO2e/year (Scope 1)
Scope 1 Emissions:10,481,920 tCO2e/year
Water Consumption:3,005,035 bwpd
Carbon Intensity:69.46 kg CO2eq/boe (2023)
ESG Focus Areas
- Climate change
- Biodiversity
- Employee health and safety
- Community development
- Governance and ethics
Environmental Achievements
- Reduced GHG emissions by 120,000 tons annually at the Magisus platform in DRC.
- Installation of three gas turbines on the Tchendo 2 platform in Congo, valorising 8 million standard cubic feet of gas per day.
- Moundou Power station in Chad providing natural gas to over 80,000 people.
- Reduced hydrocarbon spills by 20%.
- 94% recovery rate of spilled volume.
Social Achievements
- Implemented a minimum base for healthcare provision across all subsidiaries.
- Trained 1753 employees (over 20% of the workforce) on the Barge Jean-Robert Ippet-Letembet.
- Launched 322 social responsibility projects.
Governance Achievements
- Formalized an Indigenous Peoples Engagement Policy.
- Strengthened sustainability reporting aligned with GRI, IPIECA, and ISSB standards.
- Six compliance audits performed across Latin America and the UK subsidiaries.
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050 (implied)
Medium-term Goals:
- Reduce pressure on freshwater resources in water-stressed areas by 20% by 2030.
- 45% reduction in Scope 1 emissions at isoperimeter (2023 baseline) by 2030.
- Near zero methane intensity ambition by 2030.
- Zero routine flaring ambition by 2030.
Short-term Goals:
- Achieve ISO 14001 and 45001 certifications for all sites by 2025.
- Achieve net zero deforestation by 2025.
- Define a minimum percentage of each subsidiary’s operating expenses to be dedicated to CSR projects by 2024.
- Hold at least 1 stakeholder meeting per year in each subsidiary by 2025.
Environmental Challenges
- Meeting GHG emission reduction standards and targets.
- Adapting to changes in flaring requirements.
- Improving energy efficiency.
- Managing climate change physical risks (extreme weather).
- Minimising negative impacts on biodiversity.
- Addressing freshwater shortages.
- Preventing environmental pollution.
- Addressing resource depletion.
- Ensuring worker health and safety.
- Enforcing non-discrimination and diversity.
- Attracting and retaining competent staff.
- Ensuring sufficient contribution to local development.
- Managing regulatory developments.
- Managing legal pressure.
- Managing reputational risks.
- Managing ethical breaches.
- Managing poor practices in the supply chain.
- Managing political and social unrest.
- Managing cyberattacks.
Mitigation Strategies
- Defined Group GHG targets, trajectory, and action plan.
- Created a Climate committee.
- Promoted low-emission solutions.
- Implemented water management systems.
- Limited freshwater withdrawals.
- Implemented safety process measures and maintenance.
- Conducted environmental impact studies.
- Respected local regulations.
- Implemented ISO 14001 certification.
- Collaborated with third parties/NGOs.
- Implemented biodiversity action plans.
- Integrated decommissioning into business plans.
- Developed strategies to support local development.
- Established tripartite dialogue platforms.
- Established grievance mechanisms.
- Strengthened the Legal department.
- Implemented a communication strategy.
- Implemented an Ethics and Business Integrity policy.
- Established robust supply chain due diligence processes.
- Implemented supplier codes of conduct.
- Implemented permanent local context watch.
- Implemented emergency security plans.
- Implemented firewall and antivirus protection.
- Conducted cybersecurity audits.
Supply Chain Management
Responsible Procurement
- Ethics and Business Integrity policy incorporated into contracts.
- Use of Dun and Bradstreet database for due diligence.
- Prioritising regional procurement (63% of total procurement sourced regionally).
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Stricter regulations
- Changes in flaring requirements
- Decreased global oil and gas demand
Opportunities
- Development of energy-efficient products
- CCS projects
Reporting Standards
Frameworks Used: GRI, IPIECA, ISSB, TCFD
Certifications: ISO 14001, ISO 45001
Sustainable Products & Innovation
- Solid Oxide Fuel Cell (SOFC) technology trials.
Awards & Recognition
- Operational Excellence Leader Award (African Energy Week)