What is the amount of significant CapEx allocated to gas-related economic activities?
CSRD
1. Definition of Significant Capital Expenditures (CapEx) for Gas-Related Economic Activities
Significant CapEx for gas-related economic activities refers to capital investments made by the company that are associated with the natural gas industry. This includes investments in:
Natural gas exploration and extraction (e.g., drilling for gas reserves, purchase of drilling rigs, exploration technologies).
Natural gas processing and refining (e.g., setting up or upgrading gas processing plants).
Natural gas transportation infrastructure (e.g., pipelines, LNG (liquefied natural gas) terminals, storage facilities).
Distribution systems (e.g., network upgrades for delivering natural gas to customers).
2. Disclosure Requirements
Total CapEx for Gas Activities:
Disclose the total amount of capital expenditures (CapEx) allocated to gas-related activities. This may include:
Exploration and extraction of natural gas (e.g., new drilling operations, seismic surveys).
Gas processing and liquefaction (e.g., investment in LNG facilities, upgrading pipelines).
Transportation and storage infrastructure (e.g., LNG terminals, pipeline expansion).
Present this as a total figure or as a percentage of overall CapEx.
Breakdown of CapEx:
Provide a detailed breakdown of CapEx for gas-related activities by category, such as:
Exploration and production
Gas processing and liquefaction
Transportation and storage infrastructure
3. Reporting Considerations
Currency and Accounting Standards:
Specify the currency (e.g., USD, EUR) used for the CapEx reporting and ensure consistency with financial reporting standards (e.g., IFRS, GAAP).
Clarify whether the CapEx for gas-related activities is directed toward new investments or maintenance and upgrades of existing infrastructure.
Gas-Related Subsidiaries or Joint Ventures:
If applicable, disclose the contribution of any subsidiaries or joint ventures involved in gas-related activities, particularly in terms of their CapEx related to gas exploration, transportation, or infrastructure.
https://xbrl.efrag.org/e-esrs/esrs-set1-2023.html#4797
Also in
E1-1 - Transition plan for climate change mitigation
- How are the company’s targets compatible with limiting global warming to 1.5°C in line with the Paris Agreement? What are the key decarbonization levers and actions, and what significant operational or capital expenditures are needed to implement the action plan?
- What financial resources (OpEx) are allocated to the action plan?
- What financial resources (CapEx) are allocated to the action plan?
- What potential locked-in GHG emissions exist from key assets and products, and how might they jeopardize GHG reduction targets and drive transition risk? Are there any objectives or plans (CapEx, CapEx plans, OpEx) to align economic activities (revenues, CapEx, OpEx) with the criteria established in Commission Delegated Regulation 2021/2139?
- What is the amount of significant CapEx allocated to coal-related economic activities?
- What is the amount of significant CapEx allocated to oil-related economic activities?
- Is the company excluded from EU Paris-aligned Benchmarks? How is the transition plan embedded in and aligned with the overall business strategy and financial planning? Is the transition plan approved by administrative, management, and supervisory bodies, and what progress has been made in its implementation?
- If no transition plan is in place, when will one be adopted?