Transcription of Energy transition plan - equinor.com
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Energy transition plan - equinor.com
2022. Energy transition plan 22 March 2022. CONTENT. 3 4 6. FOREWORD EXECUTIVE SUMMARY GETTING TO NET ZERO. 7 wThe climate and Energy challenge 8 Equinor's response 10 20 24. OUR transition A RESILIENT TRANSITIONING WITH. STRATEGY PORTFOLIO SOCIETY. 11 Net zero across scope 1, 2 and 3 21 Capital allocation and 25 People: Ensuring a just transition 13 Short, medium and long-term risk assessment 25 Planet: Going beyond do-no-harm . actions and ambitions 23 Governance and performance principle 18 Delivering on our strategy framework 25 Policy: A proactive partner with government 2. FOREWORD. Dear shareholder, The world's Energy systems will need to undergo a transformation in the coming years to decarbonise. Companies, customers, governments and society at large will all have to collaborate, innovate and adapt in new ways to ensure a sustainable future. The journey towards a net-zero Energy system will create dilemmas and trade-offs. It will require the development of new technologies, new value chains, and new ways of working, as well as firm leadership from policy makers.
A transition plan based on actions 2020 2025 2030 2035 by 2050 NET ZERO company >30%-20% 4% >50% Share of gross capex to renewables and low carbon solutions 50% Group-wide emission reduction Net scope 1 & 2, 100% operated, 2015 base year. -40% Net carbon intensity Read more about our capex allocation on page 21
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