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Delivering More Energy with Less Emissions
Our decarbonisation approach is underpinned by a commitment to achieving net-zero emissions across our operations and value chain by 2050. This is supported by an interim target to reduce Scope 1 emissions intensity by 40% and an aspiration for a 40% absolute reduction in Scope 1 GHG emissions both against a 2008 baseline achieved by 2030.
Our pathway is multi-faceted and technology neutral. As one of the early movers in dual-fuel vessels, we are investing in Liquefied Natural Gas (LNG) dual-fuel vessels with the flexibility to adopt bio-LNG and e-LNG over time, while pioneering ammonia dual-fuel newbuilds and exploring ethanol-powered vessels. We are also utilising biofuels within our fuel mix. Meanwhile, we continue to retrofit existing vessels with energy-saving technologies to enhance fuel efficiency and are advancing electrification of selected vessels to further manage our carbon footprint.
Focus Story: PureMetrics Emissions Tracking Technology
Advanced emissions monitoring system capturing real-time data from LNG dual-fuel vessels, enabling assessment of methane slip levels and other emissions related performance metrics.
This technology has been Installed on two of our vessels, covering both 2-stroke and 4-stroke engine families. In 2025 we continued the testing and calibration of the solution on our vessels.
| Our Commitments and Performance | ||
|---|---|---|
| OUR COMMITMENT | OUR PERFORMANCE IN 2025 | COMMITMENT STATUS |
Reduce GHG emissions intensity AERCO2e (CO2e/tonne-nm) in our Shipping Operations(1) by 40% by 2030 (versus a 2008 baseline) | 17% reduction | Commitment in progress |
Reduce absolute GHG emissions (million tonnes CO2e) in our Shipping Operations(1) by 40% by 2030 (versus a 2008 baseline) | 17% reduction | Commitment in progress |
Net-zero GHG emissions by 2050 (AET business and value chain) | On track | Commitment in progress |
(1) Refers to all owned and chartered-in vessels in our Petroleum and Product fleet