Climate Change
Whilst we navigate through the pandemic, we are committed to pursue long-term sustainability and contribute towards the United Nations Sustainable Development Goals (UN SDGs), in particular addressing the issues of climate change and energy transition. One of the key risks identified through our ERM framework is climate change risk. We are currently assessing the details of the risks and opportunities to develop mitigations that can be incorporated into our strategic business development.
In 2020, we implemented various measures to reduce GHG emissions and improve energy efficiency. We have achieved emissions reductions through, among others, optimising fuel gas consumption and transportation fuel. We also make effort to avoid flaring by utilising associated gas that otherwise would be flared through the use of a Very Low-Pressure Compressor (VLPC) unit to supply the national city gas program for households energy consumption. Moving forward, we are identifying further opportunities in GHG emissions reduction and energy efficiency.
In May 2021, we became a member of CDP (formerly the Carbon Disclosure Project) and start disclosing our annual climate change data through the CDP’s widely recognised reporting platform. This will assist our reporting to be in alignment with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.