i3 Energy PLC (AIM:I3E, TSX:ITE, OTC:ITEEF) told investors it has published its latest environmental, social and governance (ESG) report, covering 2022, with the report now available to access on its website.
The company, in a statement, added that it is committed to being net zero for Scope 11 and Scope 22 emissions for its operated assets by 2050 and that accelerated targets will be set following additional analysis.
"Since 2021, during which period the scope and scale of our operations grew significantly and our production by over 23%, we are very proud to say that multiple initiatives and company-wide efforts have managed to reduce our Scope 1 and 2 emissions intensity by 4%, and our emissions intensity remains below the average of our peers operating in Alberta on a CO2e/boe basis,” chief executive Majid Shafiq said.
“This achievement is down to the strong oversight of our ESG Committee, and especially to the skill, ingenuity, dedication and hard work of all our employees and the daily efforts of our operations teams in the office and at the field level.
“We look forward to the future with optimism, as we continue to responsibly grow a sustainable energy business serving the needs of the communities and countries in which we operate."