Climate risks

We’re acutely aware of the risks of climate change and the energy transition challenge. Our industry has a critical role to play in this next chapter, providing energy security. Genel is poised to be part of a positive transition, with a portfolio designed to fit a future of fewer and better natural resource projects as a low-carbon intensity and high net margin business.

Our GHG Emissions Management Standard

Genel’s low-carbon intensity and high-margin approach are underwritten by our Greenhouse Gas (GHG) Emissions Management Standard, approved by the board in 2020 to manage and reduce our emissions. We’re also committed to an overall emissions profile aligned to the Paris Agreement of 1.5 degrees Celsius as a global warming limit.

GHG emissions profile

We’re enhancing our sustainability reporting and practices year on year. Genel details our scope 1 and 2 GHG emissions on an equity-shared approach, to provide a robust view of our GHG footprint that will allow us to minimise impact.

Scope 1 emissions

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Scope 2 emissions

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Carbon intensity

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Total Scope 3 emissions

Scope 3 emissions, or indirect emissions from activities or assets not owned or controlled by Genel, have been accounted for since 2021.

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Category 11

We include the ‘use of sold products’ in this calculation (or category 11, which includes ‘the total expected lifetime emissions’). They represent over 93% of scope 3 emissions in 2021.

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sustainability stories