Position paper

Corporate programme

Net Zero Standard for Oil and Gas companies

15.09.21

Convened by IIGCC and informed by the Transition Pathway Initiative (TPI), investors representing USD 10.4 trillion have set out a standard for net zero transition plans in the oil and gas sector.

The net zero standard sets minimum expectations for what must be included in net zero transition plans from oil and gas companies, to create a level playing field in corporate reporting and meet investor expectations for credible and comparable company net zero transition plans.

The standard stresses need for comprehensive absolute and intensity emissions reduction targets, which cover all material emissions, as well as alignment of capital expenditure and production plans with a net zero target. It acknowledges ‘winding-down’ as a legitimate strategy, as well as diversifying energy offerings or working through a company’s value chain to re-shape demand.

Download the standard below.

 

Latest Resources

Letter

28.06.22

Policy programme

IIGCC publishes open letter ahead of closing trilogues on the Corporate Sustainability Reporting Directive (CSRD)

Summary

Consultation response

28.06.22

Policy programme

IIGCC response to BEIS updated Green Finance Strategy

Summary

Letter

23.06.22

Policy programme

IIGCC response to EU “Fit for 55” Package

Summary

Letter

21.06.22

Policy programme

IIGCC, PRI and UKSIF letter to the UK Prime Minister calling for natural gas to be excluded from the UK’s ‘green taxonomy’

Summary

Position paper

17.06.22

Policy programme

IIGCC response to EU Corporate Sustainability Due Diligence Directive

Summary