Greenhouse Gas Emissions Reduction Targets
Our Commitment
We support the goals of the Paris Agreement and are committed to being a part of the solution to help the world address climate change. Technology development and deployment are needed to provide energy today and to achieve energy transition goals consistent with those goals.
Our companywide greenhouse gas emissions reduction targets are focused on lowering the emissions intensity of our globally operated assets, the products we manufacture and sell, and to account for market and technological uncertainties.
2030 GHG Emissions Reduction Targets and Elements
Through innovative energy investments and strategic collaborations
30%
Manufacturing-related emissions intensity
(Scope 1 and 2) from operated assets
15%
Product-related emissions intensity
(Scope 3) from products manufactured and sold
2050 GHG Emissions Reduction Target
50%
Reduction in manufacturing-related emissions intensity
(Scope 1 and 2) from operated assets
We are committed to reassessing our targets in step with technology developments, policy changes and consumer energy demand. Attaining this target requires:
- Advancements enabling broad commercial deployment and use of lower-carbon technologies
- Global policies that fund and incentivize the development of a lower-carbon energy system
- Changes in consumer behavior and energy choices
- Available materials throughout the supply chain
Emissions reductions are from a 2019 baseline.
Advancing a Lower-Carbon Future
Providing Lower-carbon Alternatives
We invest in emerging energies such as renewable fuels, batteries, carbon capture and hydrogen.
Investing in Technology Development
Our research group advances solutions to support enterprise growth and portfolio optimization, such as next generation batteries.
Establishing Collaborative Partnerships
We work with industries, manufacturers and suppliers to deploy solutions at-scale.
Advancing Emissions Reduction Targets
We are progressing projects such as energy efficiency improvements and Rodeo Renewed.
Engaging in Climate Policy Development
We work with governments as they develop policies that support lower-carbon energy systems.
Participating in Evolving Markets
We monitor global energy markets and meet the needs of our customers
Learn more about our commitment to sustainability
