Scope 3 GHG emissions

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Climate Strategy: Scope 3 GHG emissions

Invest in products and services for the energy transition

Our Scope 3 GHG emissions approach includes the introduction of new energy products and lower-carbon services into our portfolio, like hydrogen and CCS which can help our customers avoid or reduce their Scope 1 and 2 GHG emissions.1

Investment Target2

Investment in new energy products and lower-carbon services by 2030

 

  • US$5 billion3

Emissions abatement target2

Take FID on new energy products and lower-carbon services by 2030, with total abatement capacity of

 

  • 5 Mtpa CO2-e

View our 2025 performance

We have three ways we plan to manage exposure to Scope 3 emissions

  • Assess

    assessing investments for their resilience to the energy transition

  • Diversify

    diversifying our portfolio by investing in new energy products and lower-carbon services that can avoid or reduce customer emissions

  • Support

    supporting our customers and suppliers to reduce their emissions and reach their Scope 1 or 2 targets

promoting consistent global measurement and reporting emissions.

Investing in products and services for the energy transition

Investing in products and services for the energy transition

Woodside expects sustained demand for natural gas through the energy transition in the decades ahead, as countries invest in meeting increased energy demand while pursuing emissions reduction goals.

We also expect growing demand for new energy products (such as hydrogen and hydrogen derivatives like ammonia) and lower-carbon services (like CCS). The pace at which this demand will emerge is influenced by the impact and intent of policy frameworks. In some jurisdictions and for some products this policy intent appeared to moderate in 2025, but this has not been uniform.

We take a thoughtful and analytical approach taking into account demand, climate and other factors. Each new investment is tested against the hurdle rates in our Capital Allocation Framework. Analysis includes explicit consideration of the resilience of an investment to the energy transition – including scenario analysis, risks and opportunities, and Scope 1, 2 and 3 emissions.

We further inform this analysis through direct engagements with customers. We have representative offices in Japan, China, Korea, Singapore and the United Kingdom. The engagement led by these offices includes discussions with our climate and sustainability counterparts, and monitoring government policies. In 2025, the themes we heard from our customers included:

  • Decarbonisation remains an important priority and has to be delivered alongside energy security and affordability.
  • LNG and natural gas are a key linkage between energy security and decarbonisation goals.
  • Markets for new energy products and lower carbon services are taking longer to develop than originally anticipated.
  • Each region has its own set of unique opportunities and challenges through the energy transition.
  • Energy policy and market settings need to contribute to the reliability and long term security of LNG supply.

Our analysis of this expected demand is a driver for our recent LNG investments, including Scarborough Energy Project and Louisiana LNG, as well as our Beaumont New Ammonia project, which started production in 2025 and is planning to commence the use of CCS in 2026.4 Beaumont New Ammonia is expected to account for $2.35 billion (inclusive of final completion payment) of our 2030 $5 billion Scope 3 investment target, and 1.6 Mtpa of our 5 Mtpa Scope 3 abatement capacity target.5 These targets measure our work to bring new lower carbon energy products and services to the market, and their potential impact upon our Scope 3 emissions intensity.6,7

Industry initiatives

Industry initiatives

In 2025, we extended our membership of the Qantas Sustainable Aviation Fuels Coalition (SAF Coalition) which we joined in 2022. The SAF Coalition supports the purchase by Qantas of SAF, reducing Qantas Scope 1 GHG emissions and also business air travel Scope 3 GHG missions by around 0.6 kt CO2-e for each member.8

Woodside and the Japan Organisation for Metals and Energy Security (JOGMEC) signed a memorandum of understanding (MOU) centred on their joint interest in methane emissions management.9,10 Titled Methane Emissions Technology Reduction and Innovation Collaboration (METRIC), the MOU will see JOGMEC introduce Woodside to Japanese organisations looking to collaborate on technology development related to the detection and quantification of methane emissions.

Over the three-year term of the MOU, Woodside will seek to deliver on METRIC’s aims, furthering knowledge on methane emissions management, and developing possible options for future digital or technology commercialisation collaborations.

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Footnotes

    Footnotes

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      Last updated: 15/04/2026 2:59:47 PM