protecting the environment
we are taking actions to help address climate change
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addressing 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.
Vice President, Energy Transition
addressing climate change by the numbers
by 2028 in carbon-reduction projects
by 2028 in investments in renewables and offsets
committed to the Future Energy Fund II
the future of energy is lower carbon
lower carbon intensity
increase renewables and offsets
invest in low-carbon technologies
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.
enhancing transparency with investors and stakeholders
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.
our framework for decision making
Chairman of the Board and CEO
2020 corporate sustainability report
2021 climate change resilience report
2019 corporate sustainability report
2019 update to climate change resilience report
2018 climate change resilience report
enhancing environmental stewardship
focusing on environmental issues
We protect the environment through innovative and responsible operations
Environmental Team Lead
We pursue innovations that improve our environmental performance across our operations. This commitment to sustainability is built into the way we manage our work. Our Operational Excellence Management System establishes standards and objectives that extend from the corporate level to local management, allowing our businesses to focus on the localized risks and potential environmental issues at specific operating locations.
environmental management company
responsible water management
We conserve and protect water resources using a risk-based approach
protecting natural resources
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).
our systematic approach to environmental management
The environment is one of the six focus areas of our Operational Excellence Management System (OEMS), which puts into action our Chevron Way value to protect people and the environment. The OE objective for the Environment Focus Area establishes the priority for our global operations to assess and manage their significant environmental risks across the life of our assets.
Chevron has eight environmental standards, which apply a consistent level of rigor in managing the environmental aspects of our business. The corporate standards include Third-Party Waste Stewardship and Site Residual Impact Management.
We also have six Upstream-specific environmental performance standards (EPSs) for managing air emissions, flaring and venting, natural resources (including water and land use), offshore drilling fluids and cuttings, produced water and waste management. These EPSs are applied across our Upstream business and capital projects and provide uniform standards and operating practices.