Wintershall Dea's Sustainability Report 2020 Highlights Ambitious Climate Protection Targets and Corporate Responsibility

Strategic Insights -

Wintershall Dea's Sustainability Report 2020 provides an overview of the company's commitment to climate and environmental protection, social affairs, and transparent corporate governance. As Europe's leading independent gas and oil company, Wintershall Dea supports the European Union's goal of achieving carbon neutrality by 2050. The report highlights the company's ambitious targets for climate protection, including a reduction of greenhouse gas emissions from its own upstream activities to net zero by 2030.

Key Takeaways:

  • Wintershall Dea aims to reduce greenhouse gas emissions from its own upstream activities to net zero by 2030, with a methane emissions intensity below 0.1 per cent by 2025 and zero routine flaring in operations.
  • The company has already achieved a greenhouse gas intensity of around 7.4 kg CO2 equivalent per barrel of oil equivalent, among the lowest in the industry (IOGP average: 18.5 kg CO2 equivalent).
  • Wintershall Dea's Business Units have implemented various sustainable initiatives, such as the inclusive Winiklusia kindergarten in Russia and the complete switch to green onshore electricity on the Mittelplate platform in Germany.
  • The company has made progress in diversity, increasing the proportion of women in leadership positions from 22 per cent in 2019 to around 24 per cent in 2020, aiming for over 30 per cent by 2030.
  • Wintershall Dea has established the role of Diversity & Inclusion Manager to drive a comprehensive culture of inclusion and mutual respect.

Statistics:

  • Greenhouse gas intensity: 7.4 kg CO2 equivalent per barrel of oil equivalent (Scope 1 and 2 combined)
  • Industry average (IOGP): 18.5 kg CO2 equivalent
  • Women in leadership positions: 22 per cent (2019) - 24 per cent (2020)
  • Methane emissions intensity target: below 0.1 per cent by 2025

Sources:

  • Wintershall Dea's Sustainability Report 2020 ( exact page and section references not provided in the text)
  • IPIECA industry association
  • Global Reporting Initiative (GRI)
  • Methane Guiding Principles (MGP)
  • Task Force on Climate-related Financial Disclosures (TCFD)
  • UN Global Compact