Abu Dhabi National Oil Company (ADNOC)
Abu Dhabi National Oil Company (ADNOC) is a state-owned integrated company headquartered in the United Arab Emirates (UAE). In 2020, it did not report its revenue or number of employees. ADNOC has the world’s 8th largest oil and gas reserves. There is no evidence that it has initiated a transition to the low-carbon economy, which is in stark contrast to UAE’s ambition for a post-hydrocarbon future.
- Ranking position
- #96 /100
- Total score
- 0.7 /100
- Performance score
- 0.3 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
ADNOC receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Although it has a target to reduce emissions intensity by 25% by 2030, there is little recent evidence in support of this. ADNOC seems unlikely to decrease its emissions intensity at a rate fast enough to align with its 1.5°C pathway.
While the UAE is attempting to prepare for the post oil and gas world, ADNOC remains unaffected by this ambition and has made no attempt to integrate it into its strategy and business model. The company’s only new business activities relate to increasing its unconventional natural gas production.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Abu Dhabi, United Arab Emirates
- Group revenue
- No data available
- Ownership structure
- State owned
- Number of employees
- No data available
- Scope of activity
- Fully Integrated
- Website
- https://www.adnoc.ae/