- Significant oil, natural gas and electricity price volatility
- Unfavorable macroeconomic conditions and inflationary pressures
- Changes in market demand and supply for oil, gas, renewables and low carbon solutions
- Inability to meet strategic objectives
- Social and/or political instability
- Failure to prevent or manage digital and cyber disruptions
- Operational problems, including cost inflation
- Climate change and changes in stakeholder sentiment and regulatory requirements regarding climate change
- Physical climate risks
Equinor ASA
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 12.1 million tonnes CO₂e (Scope 1 & 2) |
| 2019 | 14.7 million tonnes of CO2 equivalents (Scope 1) |
| 2018 | 14.9 million tonnes CO2e (Scope 1) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced net scope 1 & 2 GHG emissions
- Completion of Hywind Tampen
- Gina Krog electrification
- Energy efficiency at Peregrino and Mariner
- Approval of the Snøhvit Future project
- Preparing Troll West and Sleipner electrification for start-up in 2024
- First power Dogger Bank A
- Acquired Bayou Bend CCS stake
- Reduced upstream CO2 intensity to 6.7 kg/BOE in 2023 from 10.5 kg/BOE in 2015
- Reduced operated methane intensity to 0.02% in 2023
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce upstream CO2 intensity to 7 kg CO2/boe by 2025
- >30% share of gross capex to renewables and low carbon solutions by 2025
📅 Medium-term
- Net 50% emission reduction by 2030
- >50% share of gross capex to renewables and low carbon solutions by 2030
- Reduce net carbon intensity by 20% by 2030
- Reduce absolute emissions in Norway by 50% by 2030
- 5-10 million tonnes CO2 transport and storage capacity per year by 2030
🔭 Long-term
- Net-zero emissions and 100% net carbon intensity reduction by 2050
- Reduce absolute emissions in Norway near zero by 2050
- Reduce maritime emissions by 50% globally by 2050
- 30-50 million tonnes CO2 transport and storage capacity per year by 2035
- 3-5 major industrial clusters for clean hydrogen projects by 2035
🌱 ESG Focus Areas
SafetySustainabilityGovernance & TransparencyEnergy TransitionNet zero by 2050Just transitionNature positive approach