Meeting our commitment to Net Zero by 2030 on a net equity basis through decarbonisation of our assets and investing in a nature-based carbon offset initiative for hard to abate residual emissions.
Progressing our Net Zero by 2030 strategy
We support the goals of the 2015 Paris Agreement, namely, to hold the increase in the global average temperature to well below 2°C and pursue efforts to limit the temperature increase to 1.5°C above pre-industrial levels. We have committed to achieving Net Zero by 2030 on our Scope 1 and 2 greenhouse gas (GHG) emissions on a net equity basis through a combination of decarbonising our operated assets in Ghana and identifying high-quality, nature-based solutions to offset our hard to abate emissions. This plan is approved by our Board of Directors and Senior Leadership Team, and led by a Net Zero Working Group within Tullow. To deliver on our commitment, we are working to minimise routine flaring at our Jubilee and TEN fields, which will drive down GHG emissions in line with our strategy for 2030. Further, we are investing in a verified, nature-based carbon offset initiative in Ghana with the Ghana Forestry Commission, which we expect to offset 100% of our hard to abate GHG emissions.
Learn more about our climate-related financial impacts, reported in line with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations in our 2024 Annual Report and Accounts.
Our Pathway to Net Zero
