Next steps to energy transition goals

Short-term

Medium-term

Long-term

• Quantify emissions released at different stages of production.
  
  
• Identify emission-intensive processes across the value chain.

• Engage with suppliers and downstream consumers to reduce scope 3 emissions.

• Address residual carbon emissions through offsets and CCUS.

Policy and regulatory environment

• Leverage existing regulatory environment to invest in clean energy and alternative feedstocks.
  
  
• Disclose category-wise emissions by following established standards.

• Collaborate with companies and associations to develop robust climate strategies.

• Scanning the long- term policy horizon and implementing transition plans accordingly.

• Adopt mature and cost- effective technologies such as RE power generation, use of biomass feedstocks, LDAR.
  
  
• Switching from coal to natural gas in the near term, along with CCUS and blue hydrogen.

• Technological partnerships with key industry players.
  
  
• Deploying clean technologies being implemented at commercial scales.

• Embedding emerging low- carbon emitting technologies like CCUS, green hydrogen, etc. into climate strategy as well as improving their commercial viability.

Wider ESG considerations

• Embed wider ESG considerations into transition planning approach.

• Strategically implement ESG initiatives into transition plan.

• Horizon scanning to address climate risks and impacts on workers and communities.

• Leverage existing government incentives for
  a clean transition.

• Develop infrastructure for business model innovation, e.g., development of sustainable fuels.

• Develop adaptation strategies addressing long- term climate change.

• Set ambitious medium
  term targets aligned to a 1.5 degree scenario.

• Refine metrics as data availability evolves.
  
  
• Scenario analysis impacts of physical risks of climate change on business operations.

• Ensure that the Net Zero target includes emissions beyond Scope 1 & 2.