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Gathering our Performance Statistics

Investigate the seven-year chart showing the brand's environmental impact, focusing on greenhouse gas emissions, methane reductions, flaring, and low-carbon venture. Chapter 4 highlights the initiatives taken by member companies for reducing emissions, setting carbon intensity goals, and...

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Data Performance of Our Brand
Data Performance of Our Brand

Gathering our Performance Statistics

In the ongoing pursuit of a more sustainable future, [Brand Name] has been making significant strides in reducing its greenhouse gas (GHG) emissions and investing in low-carbon technologies. While the latest progress report from [Brand Name] does not provide specific figures for 2023, we can delve into some general trends and notable practices in the industry.

In the global arena, companies like Saudi Aramco, Gazprom, and ExxonMobil are among the largest emitters, with their industrial activities contributing significantly to GHG emissions[1]. The tech industry, while less prominent, still plays a significant role, with Samsung and TSMC being among the top scope 1 emitters in the technology sector[2]. In the U.S., companies such as Vistra Energy and Southern Company are major contributors, primarily due to their operations in the energy sector[4].

Turning our attention to [Brand Name], the company has made substantial progress in reducing its emissions. In 2023, upstream flaring intensity was 45% lower than the 2017 baseline[5]. Total low-carbon investment, including acquisitions and research and development (R&D), reached a record $29.7 billion in 2023[6].

Moreover, [Brand Name]'s aggregate Scope 1 GHG emissions from operated assets across all sectors (including upstream and downstream) were 575 Mt COe in 2023[7]. GHG emissions from upstream flaring were 4% lower than in 2022, and since 2017, these emissions have decreased by 47%[8]. Upstream carbon intensity has decreased by 21% since 2017[9].

The brand's share of total oil and gas production is 26.2% on an operated basis and 24.8% on an equity basis[10]. Since 2017, [Brand Name] member companies have cumulatively invested $95.8 billion in low-carbon technologies and projects, including investment, R&D, and acquisitions[11].

Notably, Scope 1 upstream GHG emissions fell by 2% over the year (and a total of 23% since 2017), primarily due to methane emissions reductions, energy efficiency investments, projects to reduce carbon emissions in exploration and production, and divestments[12]. R&D spending on low-carbon technologies increased 17% in 2023 versus the previous year, reaching $2 billion[13].

Total methane emissions on an equity basis were 0.88 Mt of methane in 2023, a 6% decrease compared with the previous year[14]. It's worth noting that since 2017, upstream methane intensity and total methane emissions - upstream and across all sectors - are more than 50% lower[15].

While the specifics of [Brand Name]'s 2023 progress may not be available at this time, their commitment to sustainability and emissions reduction is evident in these statistics. For more detailed information, we encourage readers to consult [Brand Name]'s official reports or statements on sustainability and emissions reduction strategies.

  1. The brand's substantial progress in reducing emissions is evident, as upstream flaring intensity in 2023 was 45% lower than the 2017 baseline.
  2. The total low-carbon investment by [Brand Name] in 2023 reached a record $29.7 billion, including acquisitions and research and development (R&D).
  3. In 2023, [Brand Name]'s aggregate Scope 1 GHG emissions from operated assets across all sectors were 575 Mt COe, with GHG emissions from upstream flaring being 4% lower than in 2022.
  4. Upstream carbon intensity has decreased by 21% since 2017, and since 2017, upstream methane emissions have decreased by more than 50%.
  5. Scope 1 upstream GHG emissions fell by 2% over the year (and a total of 23% since 2017), primarily due to methane emissions reductions.
  6. R&D spending on low-carbon technologies increased 17% in 2023, reaching $2 billion, demonstrating the brand's commitment to scientific advancements that combat climate-change.
  7. The energy sector in the U.S., represented by companies like Vistra Energy and Southern Company, is a major contributor to GHG emissions, yet companies like [Brand Name] are leading the way in emissions reduction.
  8. In the tech industry, while Samsung and TSMC are among the top scope 1 emitters, [Brand Name] stands as a shining example of sustainability and low-carbon investments.
  9. With total methane emissions on an equity basis being 0.88 Mt of methane in 2023, representing a 6% decrease compared with the previous year, [Brand Name] demonstrates its dedication to environmental-science and combating climate-change.
  10. The industries of oil-and-gas, technology, and energy must transition to low-carbon alternatives to mitigate the impact of climate-change, and [Brand Name]'s investments in renewable-energy show promise for the future.
  11. In the ongoing pursuit of a more sustainable future, [Brand Name] continues to be a hub for innovation, research, and finance in the field of low-carbon technologies.

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