Our Climate Commitments
World Energy has helped companies reduce their emissions for over 25 years and we are excited to take our commitments to the next level as we reduce our own emissions in line with climate science.
We have committed to a series of ambitious greenhouse gas (GHG) emissions reduction targets for our operations and value chain. These commitments, determined by the best data about how to limit global warming to 1.5 degrees Celsius or less, have been accepted by the Science Based Targets Initiative (SBTi). Our goals include medium- and long-term greenhouse gas (GHG) reduction targets, with the ultimate goal of achieving net-zero carbon emissions across our operations and value chain by 2050.
Reducing Scope 1 and Scope 2 emissions
World Energy has committed to reduce our Scope 1 and 2 emissions 50% by 2030 as measured against a 2021 baseline.
Currently, the majority of our Scope 1 and 2 emissions come from the combustion of natural gas and use of electricity at our renewable fuel production facilities.
To achieve our ambitious near-term target, World Energy is working to:
Procure renewable natural gas supply in Southern California and Texas, near the locations of our primary facilities producing Sustainable Aviation Fuel (SAF)
Pursue cost effective renewable electricity supply for all our facilities to significantly reduce the Scope 2 emissions from electricity consumption
Evaluate the feasibility and cost effectiveness of electric and hydrogen-powered vehicles as we update our fleet
Achieving net-zero across our operations
In addition to reducing the Scope 1 and 2 emissions under our direct control, we have committed to decarbonize material Scope 3 emissions categories across our value chain.
We have identified current sources associated with our process where significant emissions reductions can occur, including:
Upstream and downstream transport of our feedstocks and products
Processing of products for distribution
We are involved in several ambitious industry efforts to reduce and eliminate emissions associated with feedstocks and pursue emissions reduction activities across our value chain. These initiatives include:
The construction of pre-processing facilities to allow the use of a range of lower-carbon feedstocks including used cooking oil
Moving more of our products via pipeline instead of truck
Introducing green hydrogen into our refining process.
We understand accountability is key to achieving our goals and begins with disclosure. Our 2021 and 2022 GHG inventories will be published along with other relevant sustainability data on the World Energy website starting in early 2024 and will publish annual emissions inventories each year thereafter.
Collaboration is key
World Energy is proud to announce these ambitious targets and join other leading companies in the Science Based Targets Initiative. Making a difference in the climate crisis takes the collaborative effort of organizations willing to understand our impact, make data-driven goals, and ultimately take corporate climate action to reduce our greenhouse gas (GHG) emissions and prevent the worst effects of climate change.