Pledges to Progress 2025
An assessment of transparency of the oil and gas industry’s emissions reduction efforts
About this report
At COP28, more than 50 of the world’s leading oil and gas companies launched the Oil and Gas Decarbonization Charter (OGDC), laying out a series of ambitions to achieve net zero operational emissions by 2050. As global methane and flaring emissions continue to rise, these ambitions are more important than ever to reduce energy waste and mitigate the harmful consequences of climate change.
To support accountability and transparency, the International Energy Agency (IEA), the United Nations Environment Programme (UNEP) International Methane Emissions Observatory (IMEO) and the Environmental Defense Fund (EDF) set out a framework of 25 metrics to assess and track the efforts reported by the oil and gas industry to achieve the goals set out in the OGDC. The framework is detailed in the 2024 report Turning Pledges into Progress.
This progress report is the first assessment of the largest 116 oil and gas companies against the 25 metrics. The assessment covers companies that make up 80% of global oil and gas production and considers both OGDC signatory and non-signatory companies. This report aims to provide oil and gas companies, governments, investors, civil society and the public with an assessment of the actions companies are taking towards fulfilling the ambitions in the OGDC.