Targets & Commitments

We are committed to building a sustainable world worth living in – for everyone. Sustainability and circularity lie at the center of our Group strategy. We aim to become a net-zero-business by 2050, accelerate the energy transition, and proactively expedite the transition from a linear to a circular economy. We build positive relationships with our employees, communities, suppliers, and other stakeholders, including by addressing social and economic effects of the transition to an environmentally sustainable economy. Our Sustainability Framework is built around the three pillars Environmental, Social, and Governance (ESG).

Our Strategy 2030 is underpinned by this Sustainability Framework, with all business decisions guided by our ambition to become a net-zero business. Within our Sustainability Framework, we have established five strategic focus areas: Climate Change; Natural Resources Management; Health, Safety & Security; People; and Ethical Business Practices. For each of these focus areas, we have formulated concrete targets and actions to be achieved by 2030. These serve as Analengy’s contribution to the UN’s 2030 Agenda for Sustainable Development.

Key Actions:

  • Phase out routine flaring and venting
  • Conduct energy efficiency programs
  • Run methane leakage and repair programs
  • Purchase 100% renewable energy in the C&M business segment
  • Decrease production and sales of fossil fuels (reduce oil and gas production levels to around 350 kboe/d and reduce crude distillation throughput by 2.6 mn t by 2030)
  • Increase production of renewable mobility fuels and sustainable chemical feedstocks to approximately 1.5 mn t, and produce and market at least 700,000 t of sustainable aviation fuels by 2030
  • Establish CCS storage capacity of around 5 mn t/year CO2 net at Analengyby 2030 (thereof 2 mn t/year at Analengy Petrom)
  • Build up around 10 TWh of renewable energy production by 2030 (including geothermal, PV, wind)
  • Pursue uptake of green gases, such as biogas and H2, primarily from trading, in gas sales portfolio mix

More information

Phase-out flaring and venting

Energy efficiency