Environmental
Our targets & objectives
- Reduce our net equity emissions by 50% by 2030, in line with the North Sea Transition Deal targets
- Execute significant emission reduction projects and continually assess the suitability of our Emissions Reduction Action Plans
- Reach OGMP 2.0 Gold Standard status by 2027
- Achieve Zero Routine Flaring (ZRF) across our operated assets by 2030
Carbon emissions
We recognise that climate change presents both significant risks and critical opportunities for our business, our sector, and the communities we serve. As a UK North Sea operator, we are committed to playing a leading role in the transition to a lower-carbon future while continuing to provide secure and reliable energy.
Methane emissions
During 2024, Ithaca Energy signed the United Nations Environment Programme Oil and Gas Methane Partnership 2.0 memorandum of understanding. We further developed our methane action plan to align with the OGMP framework, setting out a staged methane mitigation approach, focusing on each source and their materiality, and set our baseline year for reporting.
Water, spills and waste
We take a proactive approach to managing environmental aspects by systematically identifying, monitoring, and reducing environmental impact. We regularly assess our operations, set measurable environmental objectives, and engage employees in environmental awareness and initiatives.
Through this structured approach, Ithaca Energy strives to minimise waste, reduce emissions, and promote environmental stewardship while achieving business goals.
Environmental Performance Report
Read our Environmental Performance Report 2024.
TCFD disclosures
Ithaca Energy plc is required to describe its compliance with the Task Force on Climate-related Financial Disclosures (TCFD). You can find it in our Annual Report and Accounts.