Driving industry action on methane In partnership with OGDC, ADNOC convened the second Advancing Towards Zero Methane Forum at Gastech 2024, bringing together national oil companies, financial institutions, technology providers and industry organizations to accelerate progress on methane reduction. The forum facilitated strategic dialogue on shared challenges, practical enablers, and opportunities for collaboration toward achieving near-zero methane emissions. This initiative reflects ADNOC’s leadership in uniting the industry to deliver on climate commitments and drive measurable impact. “ As a founding signatory of the Oil & Gas Decarbonization Charter (OGDC), ADNOC continues to demonstrate exceptional leadership in advancing the energy transition. National Oil Companies play a vital role in this journey, and ADNOC’s strong commitment to decarbonization and sustainability is an example for the wider industry. Beyond its own actions, ADNOC has played a key role in bringing industry players together – fostering collaboration, encouraging shared innovation, and helping to align efforts across the sector, and within the OGDC in particular, to deliver practical climate solutions that support the global goal of achieving Net Zero by 2050.” ● Bjørn Otto Sverdrup Head of Secretariat, Oil & Gas Decarbonization Charter (OGDC) As a founding signatory of the OGDC, launched at COP28, ADNOC joins 54 oil and gas companies representing approximately 45% of global oil and gas production. The Charter targets net zero operations by 2050, zero routine flaring, and near-zero methane emissions by 2030. It serves as a strong platform to foster industry-wide decarbonization through collaboration, collective action and enhanced transparency. The UAE is a founding member of the Global Flaring and Methane Reduction (GFMR) Partnership, a World Bank-led initiative aimed at reducing methane emissions and ending routine gas flaring at oil production sites by 2030. With over $200 million committed and efforts to mobilize further private sector investments, the fund provides grants, technical assistance and policy advisory services to support regulatory reform and capacity building. ADNOC actively contributes to the UAE’s leadership in this initiative by offering technical and strategic advisory support. ADNOC has been a committed member of OGMP 2.0 since its inception in 2020. We have consistently achieved the Gold Standard Pathway for methane emissions reporting and proudly attained Gold Reporting Status in 2024. To learn more about our methane reduction initiatives, please see the Methane section of this chapter. Oil and Gas Decarbonization Charter Global Flaring and Methane Reduction Fund Oil and Gas Methane Partnership 2.0 73 ADNOC Sustainability Report 2024 ADVANCING NET ZERO KEEPING OUR PEOPLE SAFE EMPOWERING LIVES HOW WE OPERATE SUSTAINABILITY AT ADNOC ABOUT ADNOC PROTECTING NATURE AND BIODIVERSITY