we are taking actions to help address climate change

 Our approach focuses on actions and investments in three core action areas that can deliver measurable progress for today and the future; lower carbon intensity cost efficiently, increase renewables and offsets in support of our business and invest in low-carbon technologies to enable commercial solutions.

We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Reducing the carbon intensity of the energy billions of people rely on every day is a tremendous opportunity to advance the global net zero ambitions of the Paris Agreement. Our approach focuses on three action areas that can deliver measurable progress for today and the future.

Our priority of protecting the environment is not new to Chevron.
It is deeply rooted in who we are and what we value: The Chevron Way.

Our strong governance practices provide a framework for enhancing transparency related to climate change. For example, in response to growing interest from our investors and stakeholders, Chevron voluntarily published four dedicated climate reports over the last five years, largely using the recommendations of the Task Force for Climate-related Financial Disclosures (TCFD). These reports explain our strategic decision-making approach as it relates to climate change-related risks and opportunities, including our ongoing evaluations of our portfolio and future investments. As we’ve shared in our reports, these evaluations confirm that our mature and diverse portfolio is resilient in many scenarios and our asset mix enables us to be flexible in response to potential changes.

We conserve and protect water resources using a risk-based approach

Clean water is a fundamental societal, environmental and economic resource and essential for the communities where we operate and our business. We protect this critical natural resource through our risk-based water management systems, processes and standards. Using water responsibly is an important part of being a good partner in the communities where we work.

To ensure that we are using water responsibly, we:

• Consider water conservation and efficiency in key decisions.
• Strive to conserve, reuse and recycle water in water-constrained areas.
• Use appropriate metrics to report on water use.
• Engage with governments, partners, local communities and other stakeholders on significant water resource issues in areas where we operate.
• Build partnerships and industry initiatives to promote best practices, develop industry standards and shape policy for water resources.

We instill a culture of operational excellence (OE) that places the highest priority on the safety and health of our workforce and on the protection of communities, the environment and our assets. We are committed to continually improving our environmental performance and reducing the potential impacts of our operations through the implementation of our Operational Excellence Management System (OEMS).