We are concerned about climate change, and we are committed to playing our role in the transition to a lower carbon economy whilst minimising the environmental impact of our operations around the world.
In support of this, during 2021 we established a goal of Net Zero for our share of Scope 1 and 2 greenhouse gas emissions from our operated and non-operated assets by 2035. To achieve this we will need to make reductions in our own emissions supplemented by the purchase of independently verified offsets to mitigate the impact of the remaining emissions. Our strategy also includes leveraging our existing skills and infrastructure to explore the potential for Carbon Capture and Storage (CCS).
Stuart Wheaton, EVP International
"Protecting the environment and biodiversity, and supporting the energy transition, is central to the sustainable success of Harbour. We take our environmental responsibilities very seriously and are supporting the Paris climate change goals through out Net Zero 2035 initiative. We plan to achieve Net Zero by reducing our emissions and implementing quality offsetting where necessary. We are the largest independent operator on the UK Continental Shelf and are leading efforts for UK offshore electrification on behalf of multiple operators."
How we did in 2021
Through 2021, we worked to establish an emissions baseline and standardised measurement systems. We matured our scenario analysis and introduced economic guidelines to prioritise emissions reduction activities and test the resilience of our portfolio to climate change risks. We also added incentives to achieve these reductions through our annual bonus scheme as well as through an incentive embedded in our main debt facility.
Find out more in our 2021 ESG Report.
> Conducting our business with care for the environment
> Net Zero for our equity share of Scope 1 and 2 emissions by 2035
> Reduce emissions from our operations
> Zero routine flaring
> Explore the potential for Carbon Capture & Storage (CCS) and offshore electrification
> Incentives in executive remuneration for emissions reduction
> Investment in carbon offsets
Delivered emissions 6 per cent under target through improvements in operational efficiency and flaring, and offset >25 per cent of emissions.