Climate Change & GHG Emissions

Global demand for reliable and affordable energy continues to grow, as does society’s awareness of the adverse impacts of climate change. Genel sees it as essential to contribute to meeting this growing demand in a responsible way, demonstrating sustainability in a 2°C world, strengthening both our licence to operate and the Company’s attractiveness to investors.

Genel is therefore committed to producing the low carbon intensity and high net margin barrels that will characterise industry leaders in a sustainable world. Our operations will continue to be managed in accordance with our aim of minimising emissions in order to mitigate potential adverse effects. This includes a focus on effective design, efficient operation, and responsible energy use. Genel will also evaluate a flaring policy and the resilience of its portfolio in order to ensure long-term shareholder value.

Genel reports annually on its greenhouse gas (‘GHG’) emissions in accordance with the requirements of the UK’s Companies Act 2006 (Strategic Report and Directors’ Report Regulations 2013) and the standards outlined by the Greenhouse Gas Protocol. According to these methodologies, our total reportable scope 1 emissions in 2019 were 816.16 tCO2e, which included the combustion of diesel and LPG. Our total reportable scope 2 emissions were 507.45 tCO2e, attributable to purchased electricity at our offices.

In 2020 Genel will report equity emissions from all operating and non-operating assets and publish our carbon intensity in relation to production accordingly.

sustainability stories

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  • Asset Integrity Case Study

    Asset Integrity Case Study

  • Flowline Inspection Using Long Range Ultrasonic Tests

    Flowline Inspection Using Long Range Ultrasonic Tests

  • Combating COVID in Somaliland

    Combating COVID in Somaliland

  • Integrity

  • Respect

  • Accountability

  • Collaboration

  • Ingenuity