Strong environmental performance is essential to Jadestone’s success and continued growth. Jadestone proactively manages environmental impacts associated with its operations through a robust environmental management system that focuses on minimising pollution and protecting water resources whilst reducing the carbon footprint of its upstream activities.
In June 2022, Jadestone announced its commitment to Net Zero Scope 1 and 2 greenhouse gas (“GHG”) emissions from its operated assets by 2040.
At the same time, Jadestone set out a climate strategy statement, demonstrating how its strategy is positioned to succeed against the backdrop of the energy transition.
Read more about the Net Zero commitment and Jadestone’ climate strategy here
reportable environmental incidents
increased analysis and reporting
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
Jadestone has continued making progress on its alignment with the recommendations of the Task Force on Climate-Related Financial Disclosures, making further strides across all four pillars. Jadestone continues to assess risks and opportunities associated with climate change, chartering a resilient path for its business through the energy transition. Please refer to pages 28 – 41 of the 2021 Sustainability Report for more information.
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.