Polish energy company ORLEN last Monday (18 December) published its Sustainable Development Strategy for 2024–2030, setting out the company’s plans for minimising climate impact, promoting environmental protection and the Just Transition.
In line with the new strategy, the company plans to reduce emissions in the refining, petrochemical and upstream segments by 25 per cent (relative to 2019 levels) by 2030. In addition, it aims to cut carbon intensity in the energy segment by 40 per cent, and net carbon intensity for total energy sold by the ORLEN Group by as much as 15 per cent.
To meet these targets, OLREN plans to increase investments in zero- and low-carbon energy generation sources (including the first offshore wind farm with a capacity of 1.2 GW), improving the efficiency of existing assets and investing in the construction of carbon capture and transport infrastructure. By 2035, the Group plans to discontinue heat and electricity generation using coal-fired assets, largely replacing them with advanced low-emission technologies.
“Sustainability pays off. Hence our aspiration to be the regional sustainability leader. By adopting and executing our new comprehensive sustainability strategy, we provide additional assurance to our investors that we are a trustworthy and reliable partner, and for us the strategy is an opportunity for continuous development,” said Daniel Obajtek, CEO and President of the ORLEN Management Board. “We steadfastly pursue our goals, securing energy stability for Central Europe, while concurrently prioritising environmental stewardship, fostering positive relations with our external stakeholders, and ensuring safe working conditions for all employees.”
The company plans to formulate a comprehensive action plan dedicated to preserving biodiversity within its operating areas. Simultaneously, the company aims to implement a unified policy for sustainable water and wastewater management.
Blue Bridge is one of ORLEN’s flagship circular economy investments, aiming to reduce water use from the Vistula River by 25 per cent in the company’s selected plant processes. The company also plans to construct a waste incineration facility (ITPON) for hazardous waste of medical and veterinary origin, with an annual capacity of at least 50,000 tonnes. Additionally, it plans to convert 40 hectares of industrial land in Warsaw into green space by 2025, with a beneficial effect on biodiversity.
“Through responsible actions, we can enhance our ability to secure financing for further strategic projects, particularly those related to the development of renewable energy. This strengthens our market position, aligning with our goal to become a carbon-neutral company by 2050,” said Mr Obajtek.
In terms of the Just Transition, the company plans to launch a flagship Just Transition Programme, aiming to the social needs of residents in areas affected by the transition to a low- and zero-carbon economy.
