Ithaca Energy is committed to delivering the highest level of Environmental, Social and Governance (ESG) standards throughout our business. We pride ourselves on doing the right thing, the right way, and achieve this through our well-integrated and focused emission reduction plan which is embedded in our business, ensuring we are always progressing towards our targets.
In 2024, we are proud of our material progress in meeting our ESG targets, which has meant sustained growth through the safe and responsible production of our assets, supporting continued value creation for all our stakeholders, including employees, shareholders and our local communities.
We believe in the vast societal benefits of access to low-cost energy and the need to safeguard the UK’s domestic energy supply. While the world still needs oil and gas, as a critical part of the long-term energy mix, we recognise our responsibility to continue to produce and develop these resources responsibly, whilst reducing the environmental impact of our operations.
Our ESG strategy continues to support both the UN Global Compact and UN Sustainability Goals, ensuring we safeguard the environment, respect human and labour rights and act against corruption in all forms.
Ithaca Energy has adopted the United Nations’ Sustainable Development Goals, responding to the call for action by all countries to promote prosperity while protecting the planet. The Sustainable development goals (SDGs) that we believe we have an ability to influence have been embedded into our company strategy with clear ambitions and targets identified.
Our number one priority is always safety. We are committed to achieving excellence in Health, Safety and Environment (HSE) performance across all of our operations. We consider HSE performance and the health, safety and security of those who work for, with and alongside us as central to our business success.
Whilst the world still needs oil and gas, Ithaca Energy is committed to producing it responsibly, with the lowest environmental impact possible. We are committed to the North Sea Transition Deal (NSTD) and our role in supporting GHG emissions reduction.
We believe in giving back. We are committed to local charities and we give our people time off for charity work. We are partnering with local charities to support our community in key areas such as mental health and social care. We support the development of UK talent through Science, Technology, Engineering and Maths (STEM) initiatives and technical apprenticeship programmes.
We strive to maintain the highest standards of corporate governance and our governing principles are rooted in dealing fairly and openly, creating a place of work that treats everyone equally. We also demand the same of every business in our supply chain.
Reach out to find out more on how we’re redefining North Sea oil and gas production