ORLEN joins the OGDC
ORLEN has signed the Oil & Gas Decarbonization Charter (OGDC), a global initiative focused on accelerating the decarbonization of the oil and gas sector through enhanced industry collaboration and knowledge-sharing. By joining the OGDC, the ORLEN Group has committed to actively supporting its objectives, which include achieving climate neutrality in Scope 1 and 2 emissions by 2050, reducing methane emissions (eliminating venting), phasing out routine flaring by 2030, and making significant investments in the energy transition. The announcement of partnership, which took place during the ongoing international climate summit COP29 in Baku, was attended by the head of the OGDC steering committee and SOCAR vice-president Afgan Isayev.
“The ORLEN Group's membership in the Oil & Gas Decarbonization Charter demonstrates our dedication to accelerating the energy transition both in Poland and across the region. The Charter’s goals match ORLEN’s decarbonization policies as well as our efforts to minimize the climate impact of our activities. Climate change is one of the most pressing challenges of our time, demanding decisive and coordinated action. Together with other major industry players, we will take active measures to reduce the carbon intensity of our operations” said Artur Osuchowski, Member of the ORLEN Management Board, Energy and Energy Transition.
The OGDC initiative brings together the world’s largest companies, which collectively account for 42% of global hydrocarbon production. Its signatories include BP, Shell, TotalEnergies, Eni, Repsol, OMV, Equinor, Aramco, ADNOC, ExxonMobil, Petrobras, and Petronas.
“I am delighted to welcome Poland's ORLEN Group, a major company in Central and Eastern Europe, to the OGDC. ORLEN’s commitment further strengthens the Charter, boosting our shared efforts to advance decarbonization across the oil and gas industry. ORLEN brings new perspectives and opportunities to the OGDC. We are excited to work with them to continue progress towards achieving the Charter’s ambitions” said Bjørn Otto Sverdrup, Head of OGDC Secretariat.
ORLEN is accelerating investments in zero- and low-emission power generation, improving the efficiency of its existing assets, and building infrastructure for carbon capture and transport. By the end of this decade, the ORLEN Group aims to reach 9 GW of installed renewable energy capacity. In addition to onshore wind and photovoltaic farms, the Company is actively developing offshore wind energy capacities. The Baltic Power project, a joint venture with Canada’s Northland Power, is expected to add nearly 1.2 GW of power to Poland’s national grid by 2026.
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The ORLEN Group is an integrated multi-utility energy company listed in the prestigious global Fortune Global 500. It was the first company in the region to declare achieving total emission neutrality in 2050. The company operates on 10 home markets: Poland, Czech Republic, Germany, Lithuania, Slovakia, Hungary, Austria, Canada, Norway and Pakistan. The ORLEN Group's offer reaches more than 100 countries on 6 continents.
By the end of this decade, ORLEN will invest over PLN 320 billion to implement strategic projects, of which approximately 40% will be allocated to green investments, including wind energy at sea and on land, photovoltaics, biogas and biomethane, biofuels, electromobility, green hydrogen and synthetic fuels.
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The Oil & Gas Decarbonization Charter (OGDC) is one of the landmark initiatives launched at COP28. It is a global industry effort dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sector.
The Charter outlines a series of climate ambitions for signatories, which will be supported by a sustained program of knowledge sharing and collaboration to accelerate action. With its broad geographical reach, targeting producing nations in developing economies, the OGDC has the potential to deliver tangible outcomes in support of the world’s move to a net-zero greenhouse gas emissions future.
The OGDC is a key initiative under the Global Decarbonization Accelerator (GDA), a series of landmark initiatives launched at COP28 to speed up the energy transition and drastically reduce global emissions.
OGDC_ORLEN_SOCAR & OGDC_ORLEN_SOCAR_A_Isayev; Photo courtesy of SOCAR Baş ofis. All rights reserved.
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