Sustainability Strategy and Plan

The Sustainability Strategy supports our Corporate Strategy and places an increased focus on those sustainability topics most relevant to our current business activities and the communities where we are active.

Overview

We apply a sustainability mindset to guide decision making at all levels of the business

We have elevated summary disclosures of our material sustainability topics to the Annual Report, retired the publication of a standalone annual Sustainable Development Report and included additional information on our website. We refreshed our Sustainability Strategy in 2023, to incorporate relevant sustainability-related risks and opportunities and reflect the direction of our business. The Sustainability Strategy supports our Corporate Strategy and places an increased focus on those sustainability topics most relevant to our current business activities and the communities where we are active.

Woodside Sustainability Strategy

Our Sustainability Strategy is built on the foundation of the following principles:

Integrity, accountability and transparency Integrity, accountability and transparency drive our environmental, social and governance aspirations and guide decision making at all levels of our business

Responsible operations We strive to operate responsibly across our business activities.

Social performance Enduring and meaningful relationships with communities are fundamental to our social performance.

People and culture We recognise that our success is driven by our people and our culture. We value diversity and we strive to keep each other safe.

Guided by the above, our Sustainability Strategy identifies the Woodside-wide strategic sustainability topics.

Woodside Sustainability Plan

Our Sustainability Plan details the tactical implementation of Woodside-wide strategic sustainability topics which allows objectives to be set and performance to be closely monitored and where possible optimised.

View more below

Health, safety and wellbeing

Objective

Operating safely and protecting the health of our workforce

Key Focus Areas

Improve personal safety and wellbeing outcomes
Improve process safety outcomes

Climate

Objective

Our aspiration to thrive through the energy transition with a low cost, lower carbon, profitable, resilient and diversified portfolio*

Key Focus Areas

Reduce our net equity Scope 1 and 2 greenhouse gas emissions
Invest in products and services for the energy transition

For Woodside, a lower carbon portfolio is one from which the net equity Scope 1 and 2 greenhouse gas emissions, which includes the use of offsets, are being reduced towards targets, and into which new energy products and lower carbon services are planned to be introduced as a complement to existing and new investments in oil and gas. Our Climate Policy sets out the principles that we believe will assist us achieve this aim.

Environment and biodiversity

Objective

To undertake our activities in an environmentally sustainable way and contribute to biodiversity gain in the regions we operate

Key Focus Areas

Develop waste and water management framework
Scientific innovation and technology to support better environmental management outcomes
Deliver positive biodiversity outcomes in regions we operate

First Nations cultural heritage and engagement

Objective

Create positive economic, social and cultural outcomes that leave a lasting legacy with First Nations communities

Key Focus Areas

Delivery of Reconciliation Action Plan in Australia
First Nations and cultural heritage requirements in the areas where we are active
First Nations partnerships in the areas where we are active

Health, safety and wellbeing

Climate

Environment and biodiversity

First Nations cultural heritage and engagement

Sustainability Strategy and Plan

We apply a sustainability mindset to guide decision making at all levels of the business

Woodside Sustainability Strategy

Woodside Sustainability Plan

Sustainability links