Sustainable Development
Sustainable development is defined as delivering benefits that meet the needs of the present generation without compromising the ability of future generations to meet their needs.
At Woodside, sustainable development is about how we run our business, the right way, to positively and responsibly meet the world’s energy needs. Sustainable development is about achieving our target performance in all three dimensions: economic, social and environmental. This means we want to be in business for the long-term, to be a thriving company in 20 and 50 years time where we’ve created a positive benefit and reduced any negative impact. We can achieve this by being the company of choice that delivers economic performance, environmental excellence and social contribution.
In meeting the world’s demand for energy we are helping to advance society, in a way that is making a positive contribution to the environment. LNG is the energy for the future. It is the fossil fuel energy source with the lowest carbon footprint and Woodside, as a major LNG producer, is significant in delivering this energy to market. Demand for LNG continues to grow and we are poised to expand our operations to meet that demand. Every time our LNG product replaces a traditional fossil fuel or contributes to incremental energy market growth, we are contributing to lower greenhouse gas emissions and a cleaner energy future.