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Our Climate Transition Plan

Our Climate Transition Plan (CTP) sets out how we plan to reduce greenhouse gas (GHG) emissions and reach net zero by 2050. It explains:

  • our role in enabling societal decarbonisation
  • our own emissions reduction targets (across Scopes 1, 2 and 3)
  • the actions we’re taking to deliver them
  • how progress is tracked and governed
  • the support we need from others (including policy, regulation, technology and market change)

We published our first CTP in June 2022, and shareholders supported it at our 2022 AGM. We refreshed the plan in May 2024, with continued strong shareholder support at our 2024 AGM.  

How the CTP has evolved

Since 2022, we’ve strengthened the CTP in a few important ways:  

  • Clearer near‑term targets aligned to the Science Based Targets initiative (SBTi) 1.5°C pathway  
  • A broader view of Scope 3 - including scenario analysis for upstream emissions and a more developed approach to supply chain decarbonisation
  • Stronger integration into how we run the business, including financial planning, performance management and governance, alongside transparent reporting on progress

Find out more: Read the full Climate Transition Plan. 

Read our latest progress update against the CTP in our Annual Report and Accounts.