Developing oil and gas resources efficiently and responsibly for a sustainable and low carbon energy future
Responsible conduct and business success go hand in hand. Our business model rests on our commitment to carry out our activities in an efficient and responsible manner for the long-term benefit of our shareholders and society. We actively support the UN Sustainable Development Goals and the UN Global Compact´s 10 Principles on human rights, labour standards, environment and anti-corruption, within our Company and across our value chain. We also support the principles and commitment of the Paris Climate Agreement.
By developing and producing oil and gas in Norway, a leading country in terms of Environment, Social and Governance, we are able to provide society with affordable energy while we address the climate change challenge by being an industry leader in terms of carbon intensity.
With our Decarbonisation Strategy we demonstrate our commitment targeting carbon neutrality as an oil and gas exploration and production company by 2030
“Lundin Energy targets carbon neutrality by 2030”
Oil and gas will continue to play a key role in the future energy mix and we believe that our industry must be part of the solution for making global energy systems sustainable for future generations.
The challenge that lies ahead is to continue to develop and produce oil and gas in the most carbon efficient way possible. Thanks to carbon mitigation technology and improved emissions management, Lundin Energy already operates with one of the lowest carbon intensity levels in the industry, at about a fifth of the world average across our producing assets, at 4 kg CO2/boe.
But we can, and will, do more. Our recently launched Decarbonisation Strategy sets us on a path to target carbon neutrality by 2030. By 2023 we will have halved again the emissions from our producing assets to 2 kg CO2/boe, primarily by electrifying these assets using mainly renewable energy provided from shore. By 2030 we will achieve carbon neutrality through the greater application of innovation, technology and further investment in renewable energy and, where we cannot reduce our operational emissions further, we will offset them through certifiable direct carbon capture projects.
Alex Schneiter
President and CEO
Code of Conduct
Achieving excellence in all parts of our business is a key driving force for Lundin Energy. We apply the same professional and responsible approach to people, the environment and society as we do in our exploration and production of oil and gas.
Our Code of Conduct sets out the principles that all employees are required to follow, from the rig floor to Board level, to ensure that we meet that commitment.
Click on the Code of Conduct to download
Sustainability reporting
We believe in transparency and report annually to our stakeholders the actions we take to meet our commitments. Reporting also gives better visibility of our performance, demonstrating our continuous effort to improve our sustainable practices.
