- Physical risks from climate change (flooding, droughts, unseasonal weather, extreme weather events)
- Impacts to the environment from the Company’s operations (biodiversity, use of natural resources, waste management, water discharge, pollution)
- Health and safety risks (accidents, impacts to air or water quality, noise levels, emergency situations, discrimination, harassment)
- Human capital management challenges (attracting and retaining talent, developing employees’ capabilities, transferring knowledge)
- ESG compliance challenges (increased interest in ESG from stakeholders, stricter regulations, standards, and criteria)
Gulf Energy Development Public Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Gulf Energy Development Public Company Limited disclosed greenhouse gas emissions of 14.6M tCO2e. By scope: Scope 1: 11.2M tCO2e; Scope 2: 23.5K tCO2e; Scope 3: 3.4M tCO2e. 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.
GHG Emissions
14.6M tCO2e
2023
Renewable Energy
8%
of total energy
Water Usage
24.7K megaliters
2023
Waste
89.7K metric tons
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 11.2M tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 23.5K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.4M tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 14.6M tCO2e |
| 2022 | 13.7M tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Announced a net zero target and decarbonization roadmap with an ambition to achieve net zero scope 1 and scope 2 greenhouse gas emissions by 2050.
- Secured over 7,000 megawatts of installed renewable capacity through investments in solar, solar with battery energy storage systems, waste-to-energy, hydropower, and offshore wind power projects.
- Brought an additional gas-fired power plant online.
- Reduced scope 1 carbon intensity by 25% by 2030 (compared to 2019 base year).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Expand carbon footprint assessment to cover 100% of projects in operation domestically and overseas by the end of 2025.
📅 Medium-term
- Reduce scope 1 carbon intensity by 25% by 2030 (compared to 2019 base year).
🔭 Long-term
- Increase proportion of renewable energy to 40% of total gross installed capacity by 2035.
- Achieve net zero scope 1 and scope 2 greenhouse gas emissions by 2050.
🌱 ESG Focus Areas
Climate ChangeHuman RightsEnvironmental ManagementWater ManagementEmissions and WasteBiodiversityHuman Capital ManagementOccupational Health and SafetyCommunity and Social DevelopmentSupply Chain ManagementCorporate GovernanceAnti-corruptionInformation SecurityCybersecurity