(CercleFinance.com) – Equinor today presented its first energy transition plan, which will be submitted to the advisory vote of shareholders at the General Meeting on May 11.
The plan provides an overview of how the company is progressing towards its net zero 2050 ambition through short-term actions and medium-term ambitions.
In particular, Equinor is proposing to modify its purpose clause, which currently focuses only on oil. The new wording will introduce the term ‘energy’, which is in line with the company’s current strategy and ambition to provide energy with low or even zero emissions.
In February, Equinor announced that it aims to reduce its net emissions on scopes 1 and 2 at the group level by 50% by 2030 and announces that it wants to achieve 90% of this objective through net emission reductions, consistent with the objectives of the Paris Agreement and a trajectory aimed at limiting global warming to 1.5 degrees.
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