About each participating company’s CERT report
Each participating company presents a CERT report which is a snapshot of its climate-related commitments, progress and net emissions for either a calendar or financial year and, where relevant, its subsidiaries.
The participating company is responsible for the content they have provided for this report, including the commitment and context statements. This information is not verified by the Clean Energy Regulator (CER).
In this report, progress on commitments, and net emissions and renewable electricity data, is presented as:
- CER data verified – data has been provided by the company and is verified by the CER using data held by the CER.
- Independently assured – data has received limited or reasonable assurance from an independent assurance provider, organised by the participating company (in accordance with relevant standards and accounting methods). It is not verified by the CER.
- Company assured – data has been provided by the company and is not verified by the CER.
This report is published to increase market transparency. It is not legal, business or financial advice.
More information is available in the CERT report reader's guide.
Commitments
Reporting period:
Calendar year: 2022
Scope 2 method:
Location based emissions reporting
Reporting boundary:
Equity share
WOODSIDE ENERGY GROUP LTD
t/a Woodside Energy Group
Company assured commitment
Emissions reduction
Provided by company
Commitment
Woodside has a target to reduce net equity Scope 1 and 2 greenhouse gas emissions by 15% by 2025. Target is relative to a starting base representative of the gross annual average equity Scope 1 and 2 emissions over 2016-2020.
Context
Woodside aims to thrive through the energy transition by building a low cost, lower carbon, profitable, resilient and diversified portfolio. Our climate strategy has two key elements: reducing our net equity Scope 1 and 2 greenhouse gas emissions and investing in the products and services that our customers need as they secure their energy needs and reduce their emissions. Woodside’s net equity Scope 1 and 2 greenhouse gas emissions totalled 4,615 kt CO2-e in 2022, which was 11% below the starting base. To achieve this, 754 kt CO2-e of carbon credits were retired. Gross equity emissions (prior to the retirement of carbon credits as offsets) were 5,369 kt CO2-e. See Woodside's 2021 Climate Report for additional information on our climate-related data.Note that the discrepancy between Woodside's reported net equity Scope 1 and 2 emissions of 4,615 kt CO2-e, and the number reported in the 2023 CERT Report is because only emissions from Australian operations are included in CERT. Please see the Note section for additional information on the CERT methodology.
Read the company statement chevron_rightProgress assured by company
WOODSIDE ENERGY GROUP LTD
t/a Woodside Energy Group
Company assured commitment
Emissions reduction
Provided by company
Commitment
Woodside has a target to reduce net equity Scope 1 and 2 greenhouse gas emissions by 30% by 2030. Target is relative to a starting base representative of the gross annual average equity Scope 1 and 2 emissions over 2016-2020.
Context
Woodside aims to thrive through the energy transition by building a low cost, lower carbon, profitable, resilient and diversified portfolio. Our climate strategy has two key elements: reducing our net equity Scope 1 and 2 greenhouse gas emissions and investing in the products and services that our customers need as they secure their energy needs and reduce their emissions. Woodside’s net equity Scope 1 and 2 greenhouse gas emissions totalled 4,615 kt CO2-e in 2022, which was 11% below the starting base. To achieve this, 754 kt CO2-e of carbon credits were retired. Gross equity emissions (prior to the retirement of carbon credits as offsets) were 5,369 kt CO2-e. See Woodside's 2021 Climate Report for additional information on our climate-related data.Note that the discrepancy between Woodside's reported net equity Scope 1 and 2 emissions of 4,615 kt CO2-e, and the number reported in the 2023 CERT Report is because only emissions from Australian operations are included in CERT. Please see the Note section for additional information on the CERT methodology.
Read the company statement chevron_rightProgress assured by company
Net emissions and renewable electricity
Data verified by the CER
location-based accounting method
| Gross emissions (t CO2-e) | Net emissions (t CO2-e) | |
|---|---|---|
| Scope 1 | 5,114,321 | 4,380,979 |
| Scope 2 | 11,217 | 11,217 |
| Totals | 5,125,538 | 4,392,196 |
market-based accounting method
This accounting method was not selected
| Gross/residual emissions (t CO2-e) | Net emissions (t CO2-e) | |
|---|---|---|
| Scope 1 | Not selected | |
| Scope 2 | Not selected | |
| Totals | Not selected | |
| Total electricity usage (MWh) | 1,154,155 |
|---|---|
| Renewable electricity (%) | 0.2 |
| LGCs voluntarily surrendered | 0 |
Net emissions
Location based gross Scope 1 and 2 emissions data is sourced from the National Greenhouse and Energy Reporting (NGER) scheme, Corporate emissions and energy data 2020-21.
Emissions for baseline years are adjusted to account for revisions to the global warming potential of various greenhouse gases, so may be different from data published under the NGER scheme for that year.
Where a participant has been credited with Australian carbon credit units (ACCUs) under the Emissions Reduction Fund for a project that reduces reportable emissions under the NGER scheme, the equivalent emissions are added to the CERT participant's Gross scope 1 emissions for the relevant period.
Renewable electricity percentage
The renewable electricity percentage presented in the renewable electricity table is calculated based on voluntary Large-scale generation certificate (LGC) surrenders and other eligible renewable electricity reported by the company. Other eligible renewable electricity includes:
- on-site renewable electricity consumption where the generation is not credited with LGCs
- GreenPower purchases
- the share of imported electricity considered renewable under the Large-scale Renewable Energy Target (LRET)
- jurisdictional surrenders.
See section 6 of the CERT Report Guidelines.
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Supporting information
Provided by company
Please see Woodside's 2022 Climate Report for additional information on our climate-related plans, activities, progress and climate-related data. Note that differences exist between the data in Woodside's Climate Report, which is inclusive of global operations, and the data reported under the CERT methodology, which is limited to Australian operations.
See the sustainability report chevron_rightDisclaimers
The CER has published this material in good faith to increase market transparency and to disseminate statistical information relevant to the operation of the legislation and schemes administered by the CER including the Carbon Credits (Carbon Farming Initiative) Act 2011.
This publication is provided for general information only, and is not legal, business or financial advice. You should obtain your own independent professional advice for your particular circumstances before making any investment decisions.
Some data presented in this report may be different from data published elsewhere, such as in a company's sustainability report or under the NGER scheme. When reading this report, it is important to consider the context provided by the company and the notes provided by the CER throughout the report.
The entity that supplied the information in their CERT report is responsible for that information. In particular, CERT participants are responsible for the accuracy and quality of data and information provided to the CER for the CERT report, and the CER cannot guarantee its accuracy or completeness. It is the responsibility of participants to ensure they comply with legal or regulatory requirements, including any guidance from the Australian Securities & Investments Commission on climate risk disclosure and legal requirements regarding the provision of false or misleading information.
To the extent permitted by law, neither the CER nor the Commonwealth of Australia accepts responsibility or liability for any direct, incidental or consequential loss or damage resulting from a CERT report, the information provided (or not provided) through a CERT report, or the availability or non-availability of a CERT report. The CER and the Commonwealth reserve their rights in relation to the provision of incorrect, false or misleading information.
The CER's publication of an independently assured commitment or data that is assured by a third party should not be seen as the CER's endorsement of that third party.
For more information, please see the CERT Report Guidelines