BKV site, USA 3. TRANSITION PLAN To describe plans for transitioning to a low-carbon economy, including GHG emissions targets and specific activities to reduce emissions, follow these steps: SET CLEAR TARGETS • Target: Align targets with limiting global warming to 1.5°C. • Scope Coverage: Recently, target includes Scope 1 and 2 to comprehensively address direct and indirect emissions. Scope 3 emissions will be fully disclosed by 2026 and the target for scope 3 will be set accordingly. IMPLEMENT SPECIFIC ACTIVITIES • Technological Innovation: Renewable energy sources, carbon capture, utilization, and storage (CCUS), and energy-efficient technologies are priority to invest. • Energy Efficiency: Enhance energy efficiency in operations and facilities to reduce electricity consumption. MONITOR AND REPORT PROGRESS • Transparency: Regularly report progress towards GHG emissions targets to stakeholders and the public. • Continuous Improvement: Continuously monitor climate-related developments and update strategies to ensure they remain effective and resilient. Climate Change Report 2024 26 Climate Change Report 2024 27 Introduction Governance Strategy Risk Management Metrics & Targets Looking Ahead
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