Sustainability Milestones
2022 |
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– Joined the Oil and Gas Methane Partnership 2.0 Initiative.
– Achieved our 2025 methane target four years early. – Set a new medium-term target to achieve a near-zero methane emissions intensity by 2030. |
2021 |
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– Improved our Paris-aligned target framework of near-, medium-, and long-term targets for reducing emissions over which the company has ownership and control, namely Scope 1 and Scope 2 emissions with an ambition to become a net-zero company for Scope 1 and 3 emissions by 2050.
– Developed our Plan for the Net-Zero Energy Transition to describe in detail how we intend to manage through the energy transition and address associated risks and opportunities. – Successfully completed the acquisition and integration of Concho Resources and Shell Permian assets to deliver differential performance on the company’s Triple Mandate. – Expanded our assurance scope beyond quantitative data to include key disclosures and metrics. |
2020 |
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– Protected our people, mitigated the spread of COVID-19, provided relief aid to communities and safely ran the business through the pandemic.
– Elevated global head, Sustainable Development to vice president, Sustainable Development. – Adopted a Paris-aligned climate-related risk framework with an ambition to become a net-zero company for operational (scope 1 and 2) emissions by 2050. – Established a low carbon technology group to evaluate opportunities and technologies that can closely integrate with our global operations, markets and competencies. |
2019 |
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– Upgraded SD Risk Management Practice to a standard to increase corporate oversight and consistency of approach across the business.
– Created performance criteria for the employee bonus program to drive and measure progress on SD priority risks. – Updated our Primary Energy Model for use in strategic planning. – Worked within the broad coalition of Climate Leadership Council members to define the implementation plan for the carbon dividends framework in the U.S. |
2018 |
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– Implemented corporate SD Risk Register and integrated into ERM.
– Developed Biodiversity Offset Guideline. – Held global workshop for company SD practitioners. |
2017 |
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– Implemented mandatory risk practice.
– Set long-term GHG emissions intensity reduction target. |
2016 |
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– Developed stakeholder engagement training.
– Updated MACC process. |
2015 |
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– Developed first large-scale produced water reuse project.
– Added SD to Supply Chain Management System. |
2014 |
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– Adopted Carbon Strategy.
– Enhanced supplier expectations. – Held global workshop for company SD practitioners. |
2013 |
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– Developed first corporate Stakeholder Issues Action Plan.
– Established SD Champions and Leadership Team. – Executed company-wide SD training for employees. |
2012 |
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– Published Onshore Operating Principles.
– Developed Biodiversity Strategy and first action plan. |
2011 |
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– Added SD tools to HSE Management System.
– Held global workshop for company SD practitioners. |
2010 |
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– Added reference to Indigenous Peoples in Human Rights Position.
– Conducted Business Unit SD Risk and Opportunity Assessments. |
2009 |
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– Developed first corporate Water Action Plan.
– Rolled out Human Rights training for employees. |
2008 |
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– Developed first corporate Climate Change Action Plan.
– Adopted Biodiversity Position. – Held global workshop for company SD practitioners. |
2007 |
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– Adopted Water Position.
– Opened Global Water Sustainability Center. |
2006 |
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– Adopted Humans Rights Position.
– Conducted Water risk assessment. – Developed Stakeholder Engagement Principles and held global practitioner workshop. |
2005 |
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– Published first company SD Report.
– Included Water forecasts in Long-Range Plan. – Conducted cost of carbon sensitivity for major capital projects. |
2004 |
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– Introduced SD Scorecard for major capital projects.
– Held global workshop for company stakeholder engagement practitioners. – Implemented stakeholder engagement plan requirement for major capital projects. |
2003 |
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– Published SD Position and commitments.
– Adopted Climate Change Position. |
2002 |
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– Supported Voluntary Principles on Security and Human Rights. |