Khaled bin Mohamed bin Zayed chairs meeting of Executive Committee of ADNOC Board of Directors

Khaled bin Mohamed bin Zayed chairs meeting of Executive Committee of ADNOC Board of Directors

ABU DHABI, 31st July, 2023 (WAM) -- H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Executive Committee of the ADNOC Board of Directors at ADNOC Headquarters.

During the meeting, His Highness approved ADNOC's accelerated decarbonisation plan to bring forward its net zero ambition to 2045, from its previous target of 2050, and to achieve zero methane emissions by 2030. ADNOC is the first company in its peer group to accelerate its net zero target to 2045.

Sheikh Khaled noted that these ambitious targets mark a new chapter in ADNOC's transformational journey to a lower carbon future. The company has placed sustainability at the heart of its long-term strategy, including decarbonising its operations, investing in renewables, building a global hydrogen value chain, deploying innovative climate technology solutions and advancing nature-based solutions such as planting mangroves in the UAE.

H.H. and members of the Executive Committee called on ADNOC to seek new global partnerships with other progressive energy companies, customers and technology leaders to collaborate on and boost its decarbonisation plan. They were also briefed on ADNOC's 2022 upstream carbon intensity performance of ~7 kgCO2e/boe