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Sustainability and our business strategy

Our approach to sustainability seeks to reinforce our position as an industry leader while helping to meet global energy demand in a responsible way. In the decades ahead, more energy will be needed to spur economic development and sustain a growing population as living standards rise for many people.

As competition increases for access to energy resources and new customer markets, sustainability remains crucial to delivering our business strategy. We seek to build a portfolio that balances the short- and long-term interests of our business, taking into account a range of key risks. Major projects in areas such as liquefied natural gas, deep water and tight gas are included in our portfolio. We integrate economic, social and environmental considerations into our business decisions from the earliest stage.

Our commitment to technology and innovation continues to be at the core of our strategy, and our engineering expertise is key to the growth of our businesses. As we move into increasingly challenging environments, we use advanced technologies and find creative ways to access difficult resources. Working in these environments can require more energy-intensive processes, which is likely to increase our greenhouse gas emissions over time.

Implementing high standards in our approach to safety, the environment and community relations is critical to the success of these projects; it helps us to minimise delays and to manage the impact on the environment and our neighbours. It also enables us to share wider benefits with communities where we operate, and support host government objectives for economic and social development.