Our approach to resilience analysis consists of two main components: assessing and managing transition risks and opportunities, and conducting physical climate risk assessments. Transition risks stem from a shift to a low-carbon economy and encompass factors such as new regulations, technological innovation, changing market dynamics, and shifting consumer preferences. We have effectively mitigated these risks by transforming our business model from fossil fuels to renewable energy, aligning our operations with a 1.5 °C climate trajectory. This proactive shift has positioned us well to capitalise on the increasing demand for renewable energy deployment.

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.