Sustainable businesses are better businesses
Client Overview
An international oil and gas exploration and production company focusing on mid-life assets in Brazil and West Africa. With a commitment to minimising environmental impact and aligning with international best practices, the company sees sustainability as a core business value. Their sustainability philosophy is built on efficiency, fairness, and accountability, with a clear goal to reduce carbon intensity across their operations by 50% by 2030.
Reporting Requirements
To meet regulatory obligations in Brazil and the expectations of international investors, the company must submit accurate emissions reports annually and quarterly. The complexity and frequency of reporting necessitated expert support, leading them to partner with Spring Environmental.
Challenges Faced
A lack of commercially available tools had the company relying on manual methods for emissions calculations. This approach consumed significant internal resources, introduced risks of delay, and increased the likelihood of non-compliance.
Spring Environmental’s Bespoke Solution
Spring Environmental developed a custom carbon footprint tool tailored to the company’s operational needs, integrating API and ANP guidelines into the calculation methodology. The key features of the solution included:
- Data Collection: Collaborated with company specialists to understand operations and validate key input variables such as gas composition.
- Methodology Development: Used statistical measures (mean values and standard deviation) to enhance accuracy and account for variability.
- Automation: Enabled staff to upload operational data, with automatic emissions calculations and dynamic dashboards for trend analysis.
- Auditability: The tool is designed with transparency in mind and has successfully passed external audits by the company’s ESG auditors.
- Ongoing Support: Continuous tool improvement and user support, including new modules for uncertainty analysis, additional pollutants, and Scope 3 emissions from sold products. The tool also supports environmental permitting for new assets such as FPSOs.
Results and Impact
The collaboration between the oil and gas company and Spring Environmental has led to a robust, innovative solution that enhances compliance, efficiency, and environmental awareness throughout the organisation:
- Compliance: Full alignment with ANP emissions reporting standards.
- Transparency: Quarterly reports provide visibility for investors and support continued funding.
- Environmental Monitoring: Methane emissions are monitored and mitigated.
- Efficiency: The automated tool enables real-time tracking and significantly reduces manual work.
“Spring Environmental delivered a solution tailored to our unique needs. Their innovative approach and expertise in interpreting complex guidelines enabled us to develop a tool that fills a critical gap in emissions reporting, allowing us to stay ahead of regulatory demands. The collaboration with Spring was exceptional. Their team worked closely with our experts to understand our processes and challenges. Their responsiveness and attention to detail were key to the project’s success. The automated emissions evaluation tool has transformed our reporting process. What used to be a complex and time-consuming task is now streamlined, allowing our team to focus on proactive environmental management rather than manual calculations”.
Get in Touch
If you are interested in learning more about Spring Environmental’s bespoke reporting solutions or need support with regulatory compliance, please contact our team for more information.