Nigerian National Petroleum Corporation

NNPC has not set any emissions reduction targets and does not disclose plans to develop any. The company should develop a long-term target that aligns with its 1.5°C pathway and covers its scope 1, 2 and 3 emissions. Additionally, the company should set intermediate targets at gaps of no more than five years to incentivise near-term action on its longer-term goals.

There is no evidence that NNPC has a credible low-carbon transition plan. The company should establish a time-bound action plan that outlines how it will transition to a low-carbon economy. This should include medium and long-term targets, verifiable and quantifiable key performance indicators and financial commitments. The plan should be informed by scenario analysis to ensure that the plan’s ambition is sufficient for a 1.5°C pathway.

There is no evidence that NNPC is taking significant action to develop any business models that would enable the company to decouple its financial results from greenhouse gas emissions. A low-carbon future will require the company to diversify its energy mix to renewables and low-carbon fuels or manage the decline of its oil and gas business.

NNPC has not set any emissions reduction targets. The company has not developed a vision of what its business will look like in a low-carbon future. The company continues to expand its oil and gas production.

The company does not have a low-carbon transition plan and does not intend to develop one in the near future.

There is no evidence that NNPC is investing in research and development of climate change mitigation and carbon removal technologies. The company does not report its capital expenditure (CapEx) spend on low-carbon technology. There is also no evidence that the company is developing new business models which would allow the company to transition its business away from its current carbon-intensive activities.

The company has achieved a small decrease in the scope 1, 2 and 3 emissions intensity of its sold products as it has expanded the proportion of gas in its production mix, however, this decrease is not sufficient to align with its 1.5°C pathway. There is no evidence that the company has significantly decreased its scope 1 and 2 emissions intensity.

The company’s lack of targets and strategy suggests that the company is not committed to the low-carbon transition. The company is predicted to exceed its scope 3 emissions budget between 2022 and 2050 and has not committed to stop oil and gas exploration and expansion.

No evidence was found that the company commits to social dialogue or of the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders. No evidence was found to display that the company undertakes low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found that the company actions to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups. Additionally, no relevant disclosure was found of the company’s assessment of employment dislocation risks. No public commitment by the company was found stating its intention to re- and up-skill workers displaced by the transition to a low-carbon economy. Additionally, no evidence was found that the company re- and up-skills workers in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found to show if the company identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders. No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

No policies or commitments of the company related to respect for human rights were found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain. However, the company does have evidence of one shared portal where employees can raise concerns or grievances.

No evidence of the company’s policies or commitments related to key decent work issues was found in the public domain. These issues include the provision of secure, safe and healthy workplaces, where workers are fairly renumerated and have a meaningful say in decision-making. However, there is evidence that the company has at least 30% of women in its highest governing body.

No policies or commitments of the company related to key ethical business topics – personal data protection, tax, and lobbying and political engagement – were found in the public domain. This includes ensuring ethical business conduct throughout its operations and in its relationships with business partners. However, there is evidence of a policy advocating against bribery and corruption.