The assessment shown below sets out actions reported by 116 oil and gas companies to achieve the goals set out in the Oil and Gas Decarbonisation Charter, agreed at COP28. It is a baseline assessment, in that the evaluations for each metric are based on public company reporting published in 2024, which often rely on data and progress from 2023, i.e. before the OGDC was launched.

This is not an assessment of environmental performance. It tracks 25 specific aspects of target-setting, implementation strategies and disclosure, based on a framework put together by the International Energy Agency (IEA), the United Nations Environment Programme’s International Methane Emissions Observatory (IMEO), and the Environmental Defense Fund. Companies may not need to undertake every strategy in the framework in order to meet their targets.

Working cooperatively with the companies and the OGDC Secretariat, the goal is to provide transparency on the actions taken to achieve Oil and Gas Decarbonisation Charter and where the pathway to improved performance lies. It covers a broad range of companies, not only those that are Charter signatories.