Sustainability

Overview

Woodside is proud of the contribution we make in the communities where we are active and the markets we supply

Integrity, accountability, and transparency drive Woodside’s environmental, social and governance aspirations and guide decision making at all levels of our business.

As Woodside’s global presence increases, our sustainability performance becomes ever more important. In 2023 we updated our Sustainability Strategy, further embedding sustainability performance into everything we do.

Meg O'Neill, Chief Executive Officer and Managing Director

2023 Topics

Sustainability topics

As part of our materiality process described, the following environment, social and governance topics were considered to be most relevant to our business activities and stakeholders in 2023.

2023 statistics snapshot

FINAL 2022 Reconciliation Action Plan Report - Woodside_1
A$33.3 million
total social contribution spend globally
2023
established Woodside’s Biodiversity Positive Program framework
12.5 %
reduction in our net equity Scope 1 and 2 emissions in 2023 relative to a starting base of 6.32Mt CO₂-e1
A$18 billion
Woodside’s Australian tax and royalties contribution since 20112
2023
commitments progressed from our Reconciliation Action Plan 2021-2025
  1. Targets and aspiration are for net equity Scope 1 and 2 greenhouse gas emissions relative to a starting base of 6.32 Mt CO2-e which is representative of the gross annual average equity Scope 1 and 2 greenhouse gas emissions over 2016-2020 and which may be adjusted (up or down) for potential equity changes in producing or sanctioned assets with a final investment decision prior to 2021. Net equity emissions include the utilisation of carbon credits as offsets.
  2. Includes data relevant to the assets acquired through the merger with BHP’s petroleum business from 1 June 2022.