Woodside Energy Group Ltd. has reaffirmed its commitment to reducing its net equity Scope 1 and 2 greenhouse gas emissions, aiming to meet its 2030 target. The company’s primary focus remains on decarbonisation, with a starting base of 6.22 Mt CO2-e for its emissions reduction targets, which may be adjusted for potential equity changes in producing or sanctioned assets with a final investment decision prior to 2021. Woodside’s equity emissions reflect its economic interest in its operations, ensuring the scope of its emissions reduction targets aligns with its economic interests.
Material actions and disclosures
Woodside has set its Scope 1 and 2 greenhouse gas emissions reduction targets on an equity basis, allowing for both direct emissions reductions from its operations and emissions reduction achieved through the utilisation of carbon credits as offsets. This approach ensures that the company’s emissions reduction targets are aligned with its economic interests in its operations.
Woodside has also committed to a range of sustainability initiatives, including the launch of the Global Indigenous Peoples Strategy for 2026-2030, aimed at strengthening cultural heritage and community outcomes. Additionally, the company has launched the Sam Houston Jones State Park Restoration Project in Louisiana and progressed the Watheroo Biodiversity Project in Western Australia, supporting threatened habitats.
Woodside has submitted its second annual OGMP 2.0 implementation plan, including first-time Level 5 methane reporting for the Sangomar Léopold Sédar Senghor FPSO and Karratha Gas Plant. The company has also committed over A$0.5 billion in local content to over 280 Western Australian businesses through Pluto Train 1 modifications.
Forward commitments
Woodside aims to deliver a structural cost reduction target of $350m/year delivered from 2028, aligning with its broader strategy to maximise returns on capital and manage its portfolio to achieve long-term value.
Woodside Energy Group Ltd. continues to focus on safety, with one high-consequence injury recorded in H1 2026, and zero Tier 1 or Tier 2 process safety events in H1 2026, reflecting its commitment to proactive risk management and field leadership for performance insights.
Attributed to: Woodside Energy Group Ltd. Announcement, 25 August 2026.