Calendar27 March 2023

The Ipieca sustainability article round-up showcases recent sustainability-related achievements, projects and news from Ipieca members, demonstrating their support for the Ipieca Principles around advancing environmental and social performance across the energy transition. We also highlight initiatives from our partner organizations and share insights from key United Nations meetings.

The March round-up recognizes Ipieca member leadership on a range of sustainability topics, including gender equality, net-zero emissions, carbon capture and storage, and sustainability reporting. We also share the IPCC’s AR6 Synthesis Report and new guidance from WBCSD on how to align hydrogen investments with a 1.5°C pathway.

Member sustainability articles

Baker Hughes

Baker Hughes to collaborate on direct air capture technology

Baker Hughes has announced an agreement to collaborate with eFeuls company HIF Global to accelerate the commercial deployment of technology to capture carbon directly from the atmosphere. The collaboration will involve testing Baker Hughes’ Mosaic direct air capture (DAC) technology pilot units with the goal to enable more efficient, low-cost DAC.

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Cepsa recognized for sustainability performance and launches new sustainability plan

Cepsa has received industry-leading ratings on ESG risk management and performance from five ratings agencies, highlighting the company’s commitment to integrating sustainability across its operations. The company has also launched its Sustainability Plan ‘Driving positive impact’, which includes commitments to circularity, green hydrogen production and freshwater management.

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GeoPark included in the Bloomberg Gender-Equality Index

For the second year running GeoPark has been included in the Bloomberg Gender-Equality Index, a market capitalization-weighted index that gauges the performance of public companies in promoting and reporting gender-related data.

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Neptune Energy

Neptune Energy signs up to Extractive Industries Transparency Initiative

Neptune Energy has become the 15th Ipieca member to support the Extractive Industries Transparency Initiative (EITI), committing to transparently report information about its operations in EITI-supporting countries, helping inform policymakers and raising governance standards.

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Petrobras + Equinor

Petrobras and Equinor sign agreement to evaluate 7 offshore wind projects in Brazil

Petrobras and Equinor pave the way for a new frontier of clean and renewable energy in Brazil. This partnership will combine their expertise in technical offshore innovation abilities and wind projects to maximize Brazil’s potential as an offshore wind power generator, advancing the country’s energy transition.

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Shell reports good progress on journey to net-zero emissions

Shell is on track with its goal of achieving net-zero emissions by 2050, meeting its annual target for reducing carbon emissions in 2022. With further investments in liquid natural gas and foreign renewable powers, it maintains a balanced approach seeing the need to provide secure and affordable energy amidst the cost-of-living crisis.

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Wintershall Dea

Wintershall Dea initiates first CO2 storage in the Danish North Sea

Wintershall Dea has initiated the storage of carbon dioxide in the Danish North Sea as part of Project Greensand, the first cross-border carbon capture and storage value chain in the European Union. The project could store up to 1.5 million tonnes of CO2 by 2025/2026 and plans to store up to 8 million tonnes of CO2 each year in the final expansion phase, scheduled to begin in 2030.

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Ipieca insights and partnerships

Intergovernmental panel on Climate Change (IPCC)

IPCC releases Synthesis Report for the Sixth Assessment Cycle

The IPCC has released the final instalment of the Sixth Assessment Cycle – a Synthesis Report based on the reports of the three IPCC Working Groups and the three Special Reports in the cycle. It has been finalized in time to inform the 2023 Global Stocktake, when countries will review progress towards the Paris Agreement goals.

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World Business Council for Sustainable Development (WBCSD)

New guidance on aligning hydrogen investments with a 1.5°C pathway

WBCSD has released new guidance outlining three criteria that companies can use in their investment decisions to ensure that hydrogen projects are aligned with the Paris Agreement 1.5°C climate target, helping to reduce the life cycle emissions of hydrogen production towards net zero.

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Related Ipieca resources and news

Found these articles interesting? Learn more about the topics covered through Ipieca’s free good practice guidance, awareness briefings, webinars, news and blogs:

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