This report outlines strategies for reducing methane emissions in the energy sector, emphasizing the urgency of achieving significant emission reductions to stay within the 1.5°C global temperature rise target.

ICA-Finance is highlighted in the section on securing funds for the decarbonization journey. Our efforts and partnerships with international and National Oil Companies (IOCs and NOCs) and independent oil and gas producers on emissions reduction projects have been recognized as exemplary.

The whitepaper details six essential steps for companies to achieve near-zero methane emissions:

1. Set your aspiration by defining clear and ambitious goals for methane reduction.
2. Develop a practical emissions baseline by accurately measuring current emissions to identify key sources.
3. Deploy a solution to integrate data, actions, and reporting by using advanced technology to track and manage emissions.
4. Secure funds for the journey by leveraging financial partnerships and investments to support reduction projects.
5. Measure progress and get recognition by continuously monitoring and reporting on progress to stakeholders.
6. Kick-off abatement now and transform for near-zero operations by implementing immediate actions and long-term strategies to minimize emissions.

The report highlights the importance of corporate commitment and the integration of supportive policies and regulations, rapid supply chain evolution, and enhanced collaboration across the industry.

The full report provides in-depth insights into these strategies and how leading companies are making substantial progress in methane emissions reduction. Read the full report here: https://media-publications.bcg.com/Six-Steps-for-Oil-and-Gas-Companies.pdf.