Equinor

Equinor maintains an ambition to achieve net zero emissions by 2050. The 2025 Energy Transition Plan sets out short- and medium-term actions supporting this long-term ambition, although Equinor notes that delivery depends on policy support, market conditions, technology development and demand for low-carbon products.

Equinor’s key interim target is a 50% net reduction in operated Scope 1+2 emissions by 2030, compared with 2015. This includes a 45% gross absolute emissions reduction, with high-quality carbon credits used for residual emissions. It also has a 2030 upstream CO₂ intensity ambition of 6 kg CO₂/boe for operated Scope 1 emissions.

Equinor discloses Scope 1, 2 and 3 emissions. In 2025, own operations under financial control reported Scope 1+2 emissions of 7.9 million tonnes CO₂e. Scope 3 is broken down by category, including purchased goods and services: 2.6 MtCO₂e, capital goods: 0.5 MtCO₂e, transportation and distribution: 3.8 MtCO₂e, processing of sold products: 13.7 MtCO₂e, use of sold products: 257.8 MtCO₂e, end-of-life treatment of sold products: 6.4 MtCO₂e, and investments: 2.8 MtCO₂e.

Equinor has renewable and low-carbon ambitions within its Energy Transition Plan. It revised its Net Carbon Intensity ambition to a 5–15% reduction by 2030 and 15–30% by 2035 versus 2019, while maintaining its 2050 net-zero ambition. For OSW, Equinor says it provides renewable power equivalent to more than one million European homes and is developing major offshore wind projects in Europe and the US. Equinor’s official offshore wind page states that it is building material offshore wind clusters in the UK, US North East and Baltic Sea.

Equinor reports a 2030 upstream CO₂ intensity ambition of 6 kg CO₂/boe for operated Scope 1 emissions. The report also states that Equinor has industry-leading methane performance and an ambition to keep operated methane emissions near zero or below 0.02% of marketed gas.

Equinor measures operated Scope 1+2 emissions progress against a 2015 baseline and aims for a 50% net reduction by 2030, equivalent to a 45% gross absolute reduction. In 2025, own operations under financial control reported 7.9 MtCO₂e Scope 1+2 emissions.

Equinor provides quantitative EU Taxonomy disclosure. For 2025, total turnover was USD 105,242m, with 0.1% taxonomy-eligible and no material aligned turnover reported. Total CapEx was USD 14,440m, with 17.2% taxonomy-eligible and USD 2,118m / 14.7% taxonomy-aligned. Total OpEx was USD 1,916m, with 0.6% taxonomy-eligible and no material aligned OpEx reported. The increase in aligned CapEx was mainly driven by continued development of Empire Wind, contributing USD 2,118m to taxonomy-aligned activities in 2025.

Equinor reports water and pollution as part of its environmental ESRS disclosures, with material impacts including planned emissions to air and water and major accidental pollution. The uploaded extract does not provide a simple consolidated water-withdrawal table in the same visible way as Vattenfall or Iberdrola, but Equinor’s reporting scope covers environmental metrics under ESRS, including pollution to water and estimates for partner-operated assets where direct data is limited.

Equinor has strong asset-level offshore wind evidence. Official external sources show Dogger Bank will have 3.6 GW capacity across 277 offshore turbines and power around six million British homes when complete. Empire Wind 1 has a contracted capacity of 810 MW, is wholly owned and operated by Equinor, and is located 15–30 miles southeast of Long Island. Bałtyk 2 and Bałtyk 3 are two Polish offshore wind projects developed by Equinor and Polenergia, with a combined capacity of 1,440 MW, 720 MW each, and 100 fixed-bottom turbines. Equinor also operates / participates in Sheringham Shoal, Dudgeon, Hywind Scotland, Hywind Tampen and Arkona. Its official offshore wind page states Arkona is a 385 MW German offshore wind farm with 60 turbines, supplying around 400,000 households annually.

Equinor provides OSW-relevant biodiversity evidence through its material sites assessment. The report identifies Sheringham Shoal, Dudgeon and Empire Wind as material biodiversity sites. Sheringham Shoal and Dudgeon are associated with seabird collision risk and are adjacent to sensitive protected areas, while Empire Wind is linked to underwater noise that may affect marine mammals and intersects with the migration route of the endangered North Atlantic right whale.

Equinor has a formal Biodiversity Position aiming for a net positive impact in areas of high biodiversity value, supporting global ambitions to reverse nature loss. This includes a net-positive approach, voluntary exclusion zones, research participation, industry partnerships and investments in nature-based solutions.

Equinor reports circular economy and resource-use metrics at Group level, but does not disclose a wind-specific blade / turbine end-of-life target comparable to Vattenfall’s 100% circular outflow target. In 2025, Equinor reported 177,826 tonnes of steel and 210,002 tonnes of chemicals under financial control, with 55,028 tonnes of reused or recycled steel and 50,239 tonnes of reused or recycled chemicals. This corresponds to 31% reused/recycled steel and 24% reused/recycled chemicals.

Equinor discloses material inflows and recycled-material use, including 31% reused/recycled steel and 24% reused/recycled chemicals in 2025. However, Not clearly disclosed in the reviewed materials. This should be treated as partially disclosed / limited for OSW embodied-carbon benchmarking.

Equinor has strong supplier governance evidence. Its supply-chain management requirements state that suppliers must comply with standards on health, safety, ethics and social responsibility, and that key suppliers are managed using risk-based models. In 2025, Equinor conducted 292 SSU qualification audits of suppliers, identified 205 suppliers with significant social gaps, and reported that 39% were qualified after closing gaps while 61% had yet to complete improvement plans. It also conducted 9 third-party human rights supplier assessments, involving 483 worker interviews across 5 countries.

Equinor’s sustainability statement is prepared in accordance with the Norwegian Accounting Act, ESRS, and EU Taxonomy Article 8 requirements. The report states that certain metrics are externally verified where relevant, in addition to the assurance provider for the sustainability statement. The uploaded report does not clearly show a broad named ESG-ratings list equivalent to Vattenfall’s CDP / EcoVadis / MSCI / Sustainalytics table, so external validation should mainly be captured through ESRS / EU Taxonomy reporting and assurance, rather than ratings breadth.