Universal zero net emissions energy
Universal zero net emissions energy
- Promote universal access to energy by pursuing carbon neutrality goals and advocating for policies and investments that support the energy transition.
- Be fair to consumers, avoiding or mitigating adverse effects, sharing positive impacts, and developing responsible strategies for the conversion, sale, or retirement of assets throughout the transition process.
Milestones and lines of action
Milestones and lines of action
The company's Carbon Intensity Indicator committment is to achieve net zero emissions by 2050 with interim reduction targets of 15% by 2025, 28% by 2030, and 55% by 2040.
We are committed to reduce absolute emissions by 55%(1) (Scope 1 and 2(2)) in the operated assets compared to 2016 and to reduce absolute emissions by 20%(1) (Scope 1, 2, and 3(2)) compared to 2018. Both metrics include the commitment to net zero emissions by 2050.
We are committed to increase renewable energy generation capacity(3) to 15-20 GW in 2030, with the interim milestone of 9-10 GW by 2027.
The 2024-2027 Strategic Plan sets an investment of more than 35% of net CAPEX for low-carbon projects.
(1) Absolute emissions are the total amounts of greenhouse gas released into the atmosphere without considering offsets or removals.
(2) Scope 1 emissions are direct emissions; scope 2 emissions are indirect emissions associated with external requirements for electricity and steam for the operation of our facilities; and scope 3 emissions are other indirect emissions arising from the use of our products.
(3) Includes all operating capacity, regardless of shareholding status.