Managing Climate-Related Risks
As we work to meet current and projected oil and gas demand in the world’s energy mix, we are focused on addressing climate-related risk.
We recognize that human activity contributes to increased atmospheric greenhouse gas concentrations, which can affect the climate. We continue to manage GHG emissions in our operations and to integrate climate change-related activities and goals into our business planning.
2019 Performance Highlights
- Established GHG emissions intensity targets for business units.
- Enhanced the Marginal Abatement Cost Curve (MACC) process, resulting in 50% increase in projects submitted.
- Launched Managing Climate-Related Risks report.
- Developed company-wide performance criteria for compensation beginning in 2020 to measure progress on sustainable development priority risks, including actions taken to achieve the long-term GHG emissions intensity target.
In This Section
Introduction
Reporting aligned with TCFD recommendations.
Governance Framework
A comprehensive governance process.
Strategy
Climate-related risks integrated into strategic planning.
Risk Management
Assessing and managing climate-related risks.
Performance Metrics & Targets
Key metrics and targets to measure and monitor our performance.
External Collaboration
Gaining external perspectives.
Public Policy Engagement
Playing a constructive role in public policy dialogue.
Society faces perhaps the defining challenge of our times as it strives to address climate change while still supplying the energy that drives human and economic progress.
Testing Drone Technology to Detect and Quantify Emissions
Sustainability Projects
We deliver reliable and affordable energy to the world while protecting the environment and benefiting communities. This interactive map provides examples of our efforts across the globe.
Climate Change Position
Our position guides our approach to managing climate-related risks.
