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European Climate Pact
settur privatLundin Energy AB

Lundin Energy AB

Ħarsa ġenerali

Location

Sweden

Sector

Oil & gas

Organisation type
Business

Company Information

Lundin Energy is an independent oil and gas exploration and production company, operating offshore on the Norwegian Continental Shelf. Lundin Energy develops oil and gas resources efficiently, responsibly and in a sustainable manner. It is publicly listed and headquartered in Stockholm, Sweden. In 2021, the company reported a total of 463 employees and a revenue 5.5 billion USD.*

*Source

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • Lundin Energy AB has a target to reduce intensity of scopes 1 and 2 CO2e emissions 81% per barrel of oil equivalent (BOE) by 2023 from a base year of 2017. This is a year-on-year reduction rate of 13.5% per barrel of oil equivalent (BOE) over the next 2 years.

Pledge: Have a short-medium term GHG emissions reduction target (scope 1+2) with a 2.1% year-on-year reduction at a minimum

MRV: Pact MRV in place

Status date: Submitted (01/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through low-carbon energy generation
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (01/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

North Star

  • Lundin Energy AB have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (01/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (01/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have a supplier/customer engagement strategy designed to offer financial incentives for suppliers who reduce operational GHG emissions (Scope 1+2)
  • Have a supplier engagement strategy designed to offer financial incentives for suppliers who reduce upstream GHG emissions (Scope 3)

MRV: Pact MRV in place

Status date: Submitted (01/07/2022)

Data source: CDP Climate Change 2022