Climate Change

Taking action to limit emissions

We are pursuing a range of initiatives independent of our joint venture partners to reach our aspiration to be carbon-neutral by 2050, including:

• A commitment to offset equity reservoir CO₂ emissions across our global portfolio from 2021 (approximately 20% of our current GHG emissions). 

• A partnership with Greening Australia to plant about 7.5 million native trees. We have invested over A$100 million in biosequestration to date.

• A target to improve energy efficiency by 5% against baseline over 2016-20, with a new 5% target for 2021-25.

• Using battery storage to reduce fuel gas consumption.

• Developing new markets for LNG as a lower-emissions fuel in trucking and shipping.

• Supporting international efforts, signing up to the World Bank's Zero Routine Flaring by 2030 initiative, the Guiding Principles for Reducing Methane Emissions Across the Natural Gas Value Chain, and the International Energy Trading Association's Markets for Natural Climate Solutions initiative.

• Investing A$40 million in research to progress Australia's transition to a lower-carbon economy through the Woodside Monash Energy Partnership.

• Diversifying our business into supplying lower and zero carbon energy sources for the future. We are investigating the potential for hydrogen and exploring technologies that use carbon dioxide at scale.