Sustainability Strategy and Plan

The Sustainability Strategy supports our Corporate Strategy and places an increased focus on those sustainability topics most relevant to our current business activities and the communities where we are active.

Overview

We apply a sustainability mindset to guide decision making at all levels of the business

We have elevated summary disclosures of our material sustainability topics to the Annual Report, retired the publication of a standalone annual Sustainable Development Report and included additional information on our website. We refreshed our Sustainability Strategy in 2023, to incorporate relevant sustainability-related risks and opportunities and reflect the direction of our business. The Sustainability Strategy supports our Corporate Strategy and places an increased focus on those sustainability topics most relevant to our current business activities and the communities where we are active.

Woodside Sustainability Strategy

Our Sustainability Strategy is built on the foundation of the following principles:

Integrity, accountability and transparency drive our environmental, social and governance aspirations and guide decision making at all levels of our business.
We strive to operate responsibly across our business activities.
Enduring and meaningful relationships with communities are fundamental to our social performance.
We recognise that our success is driven by our people and our culture. We value diversity and we strive to keep each other safe.

Guided by the above, our Sustainability Strategy identifies the Woodside-wide strategic sustainability topics.

Woodside Sustainability Plan

Our Sustainability Plan details the tactical implementation of Woodside-wide strategic sustainability topics which allows objectives to be set and performance to be closely monitored and where possible optimised.

Health, safety and wellbeing
Objective
- Operating safely and protecting the health of our workforce
Key Focus Areas
- Improve personal safety and wellbeing outcomes
- Improve process safety outcomes
Climate
Objective
- Our aspiration to thrive through the energy transition with a low cost, lower carbon, profitable, resilient and diversified portfolio
Key Focus Areas
- Reduce net equity Scope 1 and 2 greenhouse gas emissions
- Invest in products and services for the energy transition
Environment and biodiversity
Objective
- To undertake our activities in an environmentally sustainable way and contribute to biodiversity gain in the regions we operate
Key Focus Areas
- Develop waste and water management framework
- Scientific innovation and technology to support better environmental management outcomes
- Deliver positive biodiversity outcomes in regions we operate
First Nations cultural heritage and engagement
Objective
- Create positive economic, social and cultural outcomes that leave a lasting legacy with First Nations communities
Key Focus Areas
- Delivery of Reconciliation Action Plan in Australia
- First Nations and cultural heritage requirements in the areas where we are active
- First Nations partnerships in the areas where we are active

Sustainability Strategy and Plan

We apply a sustainability mindset to guide decision making at all levels of the business

Woodside Sustainability Strategy

Woodside Sustainability Plan

Health, safety and wellbeing

Climate

Environment and biodiversity

First Nations cultural heritage and engagement

Sustainability links