We recognise the importance of tackling the impacts of our legacy business, as locked-in emissions pose a significant transition challenge if left unaddressed. To guide progress toward our net-zero goals, we have set an absolute emissions reduction target for scope 3 emissions from gas sales, aiming to reduce emissions by ~67% by 2030 (baseline 2018) and by ~90% by 2040. To mitigate potential risks associated with locked-in emissions, we focus on measurable performance and avoiding additional locked-in emissions by not entering into new gas sourcing agreements that would contribute to additional locked-in emissions.

In 2021, the organization became the first energy company to set a science-based net-zero target covering scope 1-3 emissions by 2040. Since then, measurable progress has been made, and the organization remains on track to meet the near-term scope 1-2 emissions intensity target. A portfolio of new near-term targets for 2030 was developed, using the same KPIs as the 2040 targets. In 2024, the Science Based Targets initiative (SBTi) validated the interim 2030 targets. The SBTi's target validation team classified the ambition of these targets across scopes 1-3 as aligned with a 1.5 °C trajectory, reflecting alignment with the most ambitious goal of the Paris Agreement. The portfolio of climate targets outlines a clear pathway to reducing emissions across the value chain, including a cap on emissions from natural gas sales. Additionally, the organization is dedicated to advancing the global shift toward renewable energy, aiming for a 99% share of renewable energy generation in 2025 and reaching an installed renewable capacity of 22 GW by 2026.