“Jadestone takes a precautionary approach to managing its environmental impacts through robust environmental management that focuses on minimising pollution, reducing carbon footprint and commitment to safety.”
‘Reportable’ environmental incidents
Average OIW concentration
Reduction of overall GHGs
Reduction of CO2-e due to significant reduction in flaring
Alignment across risk and governance
OIW Reduction at the Montara asset
Climate change presents a pressing societal challenge of our times: to decarbonise the economy and limit global warming, whilst continuing to provide affordable, reliable and abundant energy which is essential for economic development and sustained improvements in the quality of life and the eradication of poverty.
Jadestone is ensuring it is well positioned to navigate the energy transition through its focus on efficient, lower-carbon and lean operations.
As the industry is learning how to navigate this new landscape, Jadestone continues to develop its approach to climate change focusing its climate action across three main pillars.
Continued focus on efficient energy use and minimising GHG emissions
Ensuring business model and strategy is resilient in the face of the energy transition
Increasing gas ratio in the product mix and continued supply of high-quality low-sulphur crude oil
In 2020 Jadestone developed its alignment with the recommendations outlined in the G20’s Financial Stability Board Task Force on Climate-related Financial Disclosures, utilising it as a practical tool for navigating the transition to a low-carbon economy and increasing our understanding of the resilience of our business strategy. Jadestone introduced improvements across the Governance and Risk Management areas. For more details, refer to page 57 of the 2020 Annual Report or view the TCFD Disclosures Table.
Jadestone recognises the environmental risks associated with the operations of its facilities and offshore installations. Effective Environmental Management is central to its operations to ensure best-practice environmental stewardship through efficient resource use, reducing emissions and discharges, preventing pollution and spills, managing waste and protecting biodiversity.
A range of pollution impacts and risks to air and water are associated with offshore oil and gas production activities. Jadestone is committed to minimising impacts of its discharges to water by managing produced water and process wastewater in line with national management framework recommendations and industry best practice. It also monitors and manages its air emissions very closely across a range of parameters including nitrogen oxides (“NOx”), sulphur dioxide (“SO2”), total volatile organic compounds (“TVOC”), particulate matter and GHGs.
For more information, download our key policies and reports.