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Sustainability article round-up: June 2022

The Ipieca sustainability article round-up showcases recent sustainability-related achievements, projects and news from Ipieca members and organization­­s that Ipieca partners with, demonstrating their commitment to advancing environmental and social performance across the energy transition and achieving the UN Sustainable Development Goals.

From one of the world’s first blockchain solution for scaling sustainable aviation fuel, to a new sustainable forest management model, the June round-up showcases a range of initiatives and solutions in support of climate, nature, people and sustainability. We also share the three action priorities identified in WBCSD’s Stockholm Action Agenda, for the sustainable transformation of global value chains.


Member sustainability articles

Aramco

Aramco publishes first sustainability report

The inaugural sustainability report details Aramco’s efforts to integrate sustainability within its corporate strategy and operations, and support the energy transition. The report also includes a set of interim targets for 2035, towards its net-zero by 2050 ambition.

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Cenovus Energy

Cenovus announces commitment to education and recognition for Canada’s Indigenous people

Cenovus has committed to donating CAD$1 million over four years to Indspire, an Indigenous national charity that invests in the education of First Nations, Inuit and Métis people. The partnership will provide scholarships, programmes and initiatives to support education in STEM subjects and help create long-term social and economic value for Indigenous communities in Canada.

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Chevron

Chevron and KazMunayGas to collaborate on lower-carbon opportunities

Under a new memorandum of understanding, Chevron and KazMunayGas will evaluate the potential for lower-carbon business opportunities in Kazakhstan, supporting the nation’s vision to achieve carbon neutrality by 2060. The companies will explore opportunities in areas such as carbon capture, utilization and storage, hydrogen, energy efficiency, methane management, and carbon financial disclosure methodology.

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Equinor

Equinor and Technip Energies to collaborate on floating wind

The two companies announced their strategic collaboration at the Seanergy conference in Normandy, France. Equinor as a leading floating offshore wind developer and Technip Energies as a leading supplier of floating offshore wind substructures will come together to accelerate technology development for floating offshore wind, enable cost reductions and develop local value opportunities.

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Petrobras

Petrobras signs agreement for feasibility of biomethane production

Brazilian energy companies Petrobras and Raízen have signed an agreement to jointly evaluate potential business opportunities for the production, purchase and sale of biomethane, a 100% renewable fuel produced by Raízen from sugarcane waste.

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QatarEnergy

QatarEnergy joins OGCI’s Zero Methane Initiative

QatarEnergy has become the first non-OGCI member signatory to the OGCI hosted Aiming for Zero Methane Emissions Initiative. The industry-led initiative now brings together 13 oil and gas companies aspiring to eliminate their methane footprint by 2030. By joining the initiative, QatarEnergy has pledged to reach near-zero methane emissions in its operations, report transparently, adopt better monitoring and measurement technologies and support the implementation of sound regulations.

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Shell

Shell, Accenture and Amex GBT launch one of the world’s first blockchain solutions for scaling sustainable aviation fuel

The three organizations have jointly announced the launch of Avelia, a blockchain-powered digital sustainable aviation fuel (SAF) book-and-claim solution for business travel, allowing passengers to pay for SAF, even if SAF is not available at their departure airport. SAF will instead be fed into another aircraft in an airport where available. It is the largest SAF book-and-claim pilot at launch, offering around 1 million gallons of SAF – enough to power almost 15,000 individual flights from London to New York.

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TotalEnergies

TotalEnergies to collaborate on a new forest management model combining wood production and carbon sinks

TotalEnergies has partnered with Gabonese forestry company, Compagnie des Bois du Gabon, to develop a sustainable and responsible forest management model which encompasses biodiversity conservation, long-term carbon storage and sustainable harvesting.

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Partner sustainability articles

World Business Council for Sustainable Development

Three practical action priorities to accelerate sustainable transformation of global value chains

In the lead up to Stockholm +50, WBCSD partnered with the Stockholm Environment Institute and Stockholm +50 secretariat to help drive transformation within six global value chains. Three practical action priorities were identified as providing the structure and motivation needed for this transformation, centred around corporate accountability and transparency, circularity and sustainability.

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