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Climate and Environment

Adapting to Climate Change, Protecting Our Planet: Responsible Energy Producer.
Stakeholder Engagement Climate and Environment Shared Prosperity Innovation-Driven Health and Safety Equality and Transparency Corporate Governance and Ethics

Risk and response measures

Deo-Jade identifies significant climate-related risks and opportunities and summarizes its key response measures in the following table:
CategoryRisk/OpportunityDescriptionMitigation Measures
RiskPhysical RiskExtreme weather events (e.g., storms, floods) may impact oilfield operations and infrastructure.Strengthen the disaster resilience of infrastructure, develop emergency plans and recovery strategies.
Energy Transition RiskThe global shift to a low-carbon economy may reduce demand for fossil fuels, affecting market positioning and revenues.Diversify the energy portfolio, increase investments in renewable energy projects, and reduce reliance on fossil fuels.
Regulatory RiskChanges in climate-related regulations and policies may increase compliance costs.Actively participate in the policy-making process and adjust business strategies to adapt in advance to policy changes.
OpportunityMarket OpportunityThe growing demand for renewable energy provides new business opportunities.Develop and invest in renewable energy projects, such as wind and solar power.
Technological OpportunityThe development of Carbon Capture, Utilization, and Storage (CCUS) technology can reduce emissions and provide new revenue streams.Invest in R&D of CCUS technology and explore commercial application scenarios.
Reputational OpportunityProactively addressing climate change can enhance brand image and market competitiveness.Strengthen transparency and communication on climate actions, showcasing the company’s environmental responsibility and innovation.

Carbon reduction action

Given the increasing global focus on climate change, the energy industry is moving toward sustainable development. In line with the requirements of the "Action Plan for Carbon Peaking Before 2030," Geo-Jade emphasizes carbon reduction and takes measures to reduce carbon emissions during the exploration, production, and transportation of oil and gas fields. The specific measures are as follows:

Improving Energy Efficiency

By adopting advanced production technologies and equipment, optimizing oilfield production processes, reducing energy consumption, and lowering carbon emissions.

Applying Clean Energy

Gradually replacing traditional fuels and energy sources by introducing clean energy technologies, such as solar and wind power, to reduce carbon emissions in oilfield operations.

Carbon Capture and Storage

Utilizing carbon capture technology during oilfield production to capture and store greenhouse gases, such as carbon dioxide, to reduce emissions into the atmosphere.

Afforestation and Ecological Restoration

Implementing afforestation, wetland protection, and other ecological restoration measures to absorb carbon dioxide from the atmosphere and mitigate the impact of carbon emissions.

Optimizing Transportation and Logistics

Enhancing the transportation and logistics systems for oilfield products to reduce energy consumption and carbon emissions during transportation.

Raising Social Responsibility Awareness

Strengthening corporate social responsibility by promoting employee and supplier participation in carbon neutrality initiatives, fostering carbon reduction across the entire industry chain.

Technological Innovation and Collaboration

Increasing investment in carbon reduction technology research and development, encouraging innovation and collaboration, and advancing the oilfield industry toward carbon neutrality.

Monitoring and Reporting

Gradually improving carbon emissions monitoring and reporting mechanisms, tracking and assessing progress toward carbon neutrality goals, and ensuring the effective implementation of plans.