What is the amount of significant CapEx allocated to oil-related economic activities?
CSRD
1. Definition of Significant Capital Expenditures (CapEx) for Oil-Related Economic Activities
Significant CapEx for oil-related economic activities refers to capital investments made by the company that are directly associated with the oil industry. This includes investments in:
Oil exploration and extraction (e.g., drilling new oil wells, purchasing exploration equipment).
Oil refining and processing (e.g., building or upgrading refineries).
Transportation and distribution infrastructure (e.g., pipelines, tankers).
Storage facilities and other infrastructure supporting the oil supply chain.
2. Disclosure Requirements
Total CapEx for Oil Activities:
Disclose the total amount of capital expenditures (CapEx) that the company has allocated to oil-related activities. This may include:
Exploration and production projects (e.g., drilling, seismic testing).
Refining and processing infrastructure (e.g., new refinery construction or expansions).
Transportation networks (e.g., pipelines, distribution networks).
Present this as a total amount or as a percentage of overall CapEx.
Breakdown of CapEx:
Provide a detailed breakdown of CapEx for oil-related activities by category, such as:
Exploration and extraction
Refining and production
Logistics and infrastructure
3. Reporting Considerations
Currency and Accounting Standards:
Specify the currency (e.g., USD, EUR) used for CapEx reporting and ensure consistency with financial reporting standards (e.g., IFRS, GAAP).
Indicate whether the CapEx for oil-related activities is part of existing projects or for new investments.
Oil-Related Subsidiaries or Joint Ventures:
If the company operates in the oil sector through subsidiaries or joint ventures, include their revenue and CapEx contributions as part of the overall total.
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