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Signatories develop reporting protection, strengthen motion plans and collaborate to speed up {industry} decarbonization
The Oil & Fuel Decarbonization Constitution (OGDC), a worldwide coalition of main power firms championed by the CEOs of ADNOC, Aramco, and TotalEnergies and supported by the Oil and Fuel Local weather Initiative (OGCI), right now launched its 2025 Standing Report: Implementing Motion , highlighting accelerated progress and sustained momentum.
Two years after the launch at COP28, OGDC has change into a novel action-oriented multilateral platform with the intention of accelerating progress towards decarbonization in oil and fuel operations, a key sector within the world financial system. The Constitution now brings collectively 55 signatories working throughout greater than 100 international locations, representing round 40% of worldwide oil manufacturing. Two-thirds of signatories are state-owned firms, many from rising economies.
This yr, for the primary time ever, the businesses shared emissions information based mostly on the OGCI Reporting Framework , laying the inspiration for constant reporting throughout 55 firms. Complete operated Scope 1 and a pair of emissions from OGDC signatories have been estimated at round 1 billion tonnes of carbon dioxide equal (CO₂e) in 2024, with an upstream carbon depth of 24 kilograms of CO₂ equal per barrel of oil equal.
The 2025 Standing Report reveals:
- Complete protection of main firms: 50 of 55 signatories submitted information for this yr’s report, protecting 98% of OGDC operated manufacturing, most of which has acquired third-party assurance.
- Elevated transparency: 35 firms supplied beforehand unpublished efficiency information to the OGDC Secretariat. Three firms submitted information for the primary time, two established company-wide baselines.
- Ambitions in motion Masking 94% of OGDC manufacturing, 42 signatories have now set interim Scope 1 and a pair of emissions reductions ambitions for 2030, and 36 have developed corresponding motion plans. This displays tangible progress because the Constitution’s 2024 Baseline Report, with six extra firms shared interim ambitions and 7 extra developed corresponding motion plans on methane and flaring.
- Impetus for motion: In depth Collaborate & Share program underway, with a deal with methane, flaring and reporting has helped encourage progress.
- CEO engagement: 35 CEOs of firms who’re signatories to OGDC bolstered their assist of the Constitution in a latest assembly earlier this month, forward of COP30 and the launch of this shared report.
OGDC CEO Champions commented:
Dr Sultan Ahmed Al Jaber, Managing Director, Group CEO of ADNOC, COP28 President and OGDC CEO Champion , mentioned: “Two years in the past, at COP28 we got here collectively to create the world’s first really industry-wide coalition to decarbonize at scale. Since its inception, OGDC has grown to incorporate 55 signatories, representing round 40% of worldwide oil manufacturing throughout greater than 100 international locations. Collectively, we’re turning the Constitution’s phrases into motion by delivering tangible progress, scaling innovation and reporting transparently in opposition to our shared commitments.”
Amin H. Nasser, President and CEO of Aramco and OGDC CEO Champion, mirrored on the collective achievements to this point: “After simply two years, OGDC helps signatory firms to ship measurable progress in emissions-reduction plans, reporting and transparency. OGDC’s mentorship and coaching packages are serving to firms world wide to progress their very own voluntary emissions reductions ambitions and experiences. This 2025 Report reaffirms our deal with persevering with to make progress on emissions discount plans, whereas sustaining the power safety the world wants.”
Patrick Pouyanné, Chairman and CEO of TotalEnergies and OGDC CEO Champion, added: “OGDC is about motion and collective supply. This yr we moved from baseline to implementation, with nearly all signatories reporting information that covers 98% of operated manufacturing and extra firms setting 2030 targets backed by plans. This displays that progress begins with what we measure and a shared actuality that it is a journey the place we advance quicker collectively. Our focus now’s clear. We should lower methane, finish routine flaring and report progress persistently. We invite all IOCs and NOCs to hitch and present measurable outcomes by the subsequent COP.”
Capability constructing stays central to OGDC’s progress. Peer-to-peer exchanges, regional partnerships and technical workshops have strengthened capacities, whereas significant interactions with OGCI, the United Nations Setting Programme, the World Financial institution and plenty of others, are serving to scale sensible options particular to the sector. On the firm degree, OGDC helps to embed tailor-made, industry-specific coaching packages. Greater than 2,000 firm professionals throughout 50 firms have now accomplished such packages via the Constitution’s Collaborate & Share initiative, representing a tenfold improve from the earlier yr.
Signatories have invested roughly USD $32 billion US {dollars} in low-carbon options together with renewables, carbon seize, hydrogen and low-carbon fuels in 2024.
Bjørn Otto Sverdrup, Head of the OGDC Secretariat , mentioned: “Implementing motion and measuring progress are on the core of OGDC. Extra firms are reporting, extra are setting ambitions, and extra are translating these ambitions into measurable steps. This displays the Constitution’s rising impression and the energy of collaboration amongst its signatories.
“With OGDC, we now have established a platform for firms prepared to take motion and collaborate throughout North, South, East, West, to share finest practices and speed up decarbonization – notably in direction of decreasing methane and nil flaring by 2030.”
“We’re inspired by the progress made, and we look ahead to the work forward.”
About OGDC
Launched at COP28 and carried out by the Oil and Fuel Local weather Initiative (OGCI), the Oil & Fuel Decarbonization Constitution (OGDC) is a worldwide {industry} pledge to speed up the discount of Scope 1 and a pair of emissions throughout the oil and fuel sector.
As of November 2025, OGDC unites 55 firms with belongings in 100+ international locations, representing about 40% of worldwide oil manufacturing. Signatories intention to realize net-zero operations by or earlier than 2050, near-zero upstream methane emissions and nil routine flaring by 2030, and clear disclosure of 2030 Scope 1 and a pair of emissions ambitions.
Signatories to the Constitution additionally undertake to report on progress in accordance with internationally acknowledged frameworks, sharing finest practices to scale back emissions, and investing within the power techniques of the longer term.
The Constitution is designed to shut gaps, harmonize reporting methodologies, and scale progress via collaboration throughout completely different beginning factors, fostering finest practices.
In 2024, OGDC accomplished the {industry}’s first large-scale local weather efficiency Baseline Survey, with 89% participation. The OGDC 2025 Standing Report: Implementing Motion will probably be launched at COP30 on Vitality Day.
A full checklist of OGDC signatories could be accessed right here .
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