Our purpose is to play a significant role in meeting the world’s energy needs through the safe, efficient and responsible production of hydrocarbons, while creating value for our stakeholders. In support of this, we are guided by our approach to sustainability.

Our sustainability approach focuses on:

  1. Prioritising safety: we are committed to the safety and wellbeing of everyone who works with Harbour.
  2. Reducing our impact on the environment: environmental management underpins our operating model and guides our activities.
  3. Supporting our stakeholders: we aim to be respectful, fair and transparent with our employees, communities in which we work, investors and other stakeholders.

Our activities directly support socio-economic development for:

  • suppliers and contractors, including locally based companies;
  • our employees, including salaries and benefits, and career development;
  • the capital markets, including shareholder dividends, share buybacks and interest on debt;
  • local communities, including social investment and job opportunities; and
  • host governments, including taxes, royalties and other payments

We are committed to playing our role in the transition to a lower carbon economy and are targeting a 50 per cent reduction in our Scope 1 and 2 gross operated emissions by 2030. We are also aiming for zero routine flaring by 2030. We are aiming to maintain a methane emissions intensity of less than 0.2 per cent and joined the Oil & Gas Methane Partnership 2.0 in 2024.

Following the acquisition of Wintershall Dea assets, we reassessed our greenhouse gas (GHG) strategy. We recognise that near-term action is crucial and are therefore maintaining our short and medium-term targets and applying them across our expanded portfolio of operated assets. These include a 50 per cent reduction in our Scope 1 and 2 gross operated emissions by 2030 against our 2018 baseline and targets on methane intensity and zero routine flaring.

Over the longer term, we have set an aspiration to be Net Zero by 2050 for our gross operated Scope 1 and 2 CO2e emissions. Our short and medium-term targets provide a credible pathway for us to achieve net zero over the longer term. We will maintain focus on reducing our own emissions and, if necessary, mitigate remaining emissions by investing in independently verified carbon credits.

We spent $366 million across our energy transition activities in 2024. This included $284 million on decommissioning, $72 million on our CCS projects, $5 million on emissions reduction activities and $5 million for the acquisition of verified carbon credits.