Valaris Limited has set a target of reducing Scope 1 emission intensity per active day by 10 to 20 percent by 2030 compared to a 2019 baseline. The company noted in its recent Sustainability Report 2022 which has identified a clear roadmap to achieve the goal.
“At Valaris, we are proud to provide responsible solutions that provide energy to the world. We continue to develop our sustainability program, including this year setting goals that drive significant progress toward building a more resilient and sustainable company. We look forward to promoting business practices sustainable together with our stakeholders,” said President and CEO Anton Dibowitz.
The company said the roadmap it has identified is based on four focus areas, namely energy efficiency practices, energy-saving upgrades and procedures, biofuel blends and ‘electrification of the Jackup platform.
Under the energy efficiency practices, the company plans to optimize the efficiency of power generation at the drilling units, including the implementation of a fleet-wide digitization of diesel engine monitoring and the development of plans for energy management to optimize diesel engine fuel consumption.
As part of its energy-saving upgrades, Valaris aims to deploy energy-efficient technologies such as the enhanced ABS electrical system notation, EHS-E, installed on one of its drillships with a drillship additional that is being updated.
Valaris also said it will focus on using biofuel blends, when available to customers, and also electrify jackup drilling units using a local power grid or other sources, when available to customers.
The Company believes this is a credible target range based on technologies that currently exist and may increase the target as new technologies become available. Valaris further said it remains focused on exploring ways to continually improve its overall impact on the environment, including reducing greenhouse gas emissions.
In addition, the company said in its statement that it has aligned the Sustainability Report with the standards of the Task Force on Climate-Related Financial Disclosures (TCFD), in addition to the Sustainability Accounting Standards Board (SASB). , with references to other frameworks such as the Global Reporting Initiative (GRI) and the Carbon Disclosure Project (CDP), where appropriate.
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