At Kosmos Energy, we recognize the impact of climate change and the role played by humanity. Simultaneously, we face a dual challenge: providing the affordable energy needed for economic development and social progress while reducing emissions. We believe tackling climate change requires urgent action from all parts of society, including governments, civil society and the private sector.
This dual challenge led to the development of our climate change policy. The policy represents an integrated approach to managing climate-related risks and follows the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).
By staying true to our company purpose and embedding this policy fully in our business—from the Board of Directors to our daily operations—we believe we can generate attractive shareholder returns and advance the societies in which we work while working in a sustainable way.
Climate Risk and Resilience Report
In accordance with our Climate Change Policy commitments, the Kosmos Energy Climate Risk and Resilience Report adheres to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The report discusses how we are identifying and managing climate-related risks and opportunities across four categories: Governance, Strategy, Risk Management and Metrics and Targets.
Our Climate Commitments
Kosmos intends to maintain carbon neutrality for operated Scope 1 and Scope 2 emissions, a goal we first reached in 2021.
Kosmos aims to reduce absolute scope 1 equity emissions 25% by 2026, from a 2022 baseline.
Kosmos intends to achieve and maintain top quartile carbon intensity in both our oil and gas portfolios.
Beginning in 2019, Kosmos reported to the CDP (formerly the Carbon Disclosure Project), an organization that collects and scores climate change disclosures.
CDP provides a standardized framework that enables us to understand our climate risk profile and identify opportunities to better mitigate our carbon footprint. Additionally, it provides a sound reporting framework that allows stakeholders to easily access answers to frequently asked questions.
Our Commitments Include:
Becoming carbon neutral by 2025
Formulating a strong governance system that places climate-related oversight at the Board level to and ties compensation to the achievement of climate-related goals
Publishing a full-fledged climate risk and resilience report and revised sustainability report in 2020