Oil and Gas Decarbonization Charter

What Oil and Gas Decarbonization Charter does

The Oil and Gas Decarbonization Charter (OGDC) is a global industry initiative launched at COP28 in December 2023 by Dr. Sultan Al Jaber, COP28 President, to accelerate decarbonization of the oil and gas sector. OGDC is a key initiative under the Global Decarbonization Accelerator (GDA) and operates under the governance of the Oil and Gas Climate Initiative (OGCI), which provides the Secretariat and management function for an initial three-year period. The Charter commits signatories to net-zero operations by 2050, near-zero upstream methane emissions by 2030, and zero routine flaring by 2030, with annual transparent emissions reporting. Three rotating CEO Champions — currently the CEOs of ADNOC, Aramco, and TotalEnergies — lead the initiative, supported by a Signatories Committee chaired by Petrobras.

The Charter's core offerings are institutional rather than commercial: the Charter commitments framework, the Signatories Hub (a secured online portal for training, webinars, case studies, and peer exchanges), the Collaborate & Share program (training, mentorships, and partnerships with external organizations), the OGCI Methane Library (200+ resources on methane abatement), and annual Baseline and Status Reports tracking collective progress. It is not a technology company and has no proprietary software or AI products; its value lies in convening, knowledge dissemination, and standard-setting. Training partners include McKinsey, Accenture, Carbon Limits, S&P Global, and BCG; ecosystem partners include UNEP, the International Energy Forum, World Bank, IEA, EDF, IOGP, Ipieca, and the Methane Guiding Principles.

OGDC is a not-for-profit initiative without separate legal personality, operated by OGCI Climate Investments LLP (governed by the laws of England and Wales) and headquartered at 25 Argyll Street, London. Funding is provided by OGCI and ADNOC until March 2027, after which direct costs are shared equally among signatories. As of mid-2026, the Charter has 56 company signatories (34 National Oil Companies and 22 IOCs/independents) operating in 100+ countries and representing approximately 40% of global oil production and ~35% of global oil and gas production. Signatory investment in low-carbon solutions (renewables, carbon capture, hydrogen, sustainable fuels) reached approximately USD 32 billion in 2024.

Name

Oil and Gas Decarbonization Charter

Legal name

OGCI Climate Investments LLP

Website

https://ogdc.org

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

The Oil and Gas Decarbonization Charter (OGDC) is a global industry initiative launched at COP28 in 2023, uniting 55-56 oil and gas companies representing ~40% of global oil production around commitments to net-zero operations by 2050, near-zero methane by 2030, and zero routine flaring by 2030, managed by OGCI and headquartered in London.

Ownership category

akta.pro rank

Product category

Oil and Gas Decarbonization Services

NAICS

Environmental Consulting Services (54162)

akta.pro primary industry

Net-Zero Target Setting & SBTi/Net-Zero Standard Support (EUABAKAA)

akta.pro secondary industries

Scope 1–3 GHG Inventory Strategy, Data Governance & Controls (advisory) (EUABAKAD), Decarbonization Strategy & Marginal Abatement Cost Curve (MACC) Advisory (EUABAKAC), GHG Accounting & Net-Zero/Decarbonization Planning (Scopes 1–3) (EUAHAJAC), Climate Policy, Governance & NDC Support (BPADALAA), Net-Zero Assurance & Readiness Assessments (limited assurance prep, audit support) (EUABAKAJ)

Keywords

• Decarbonization charter
• Oil and gas sector
• Methane emissions reduction
• Net-zero commitments
• Industry collaboration platform

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Membership contributions: OGDC is a not-for-profit initiative. Funding comes from OGCI and ADNOC until March 2027, after which direct costs are funded equally amongst signatories.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

OGDC is a global, not-for-profit industry charter through which oil and gas companies commit to net-zero operations by 2050, near-zero upstream methane emissions by 2030, and zero routine flaring by 2030. It delivers value via a secured Signatories Hub portal, the Collaborate & Share program of trainings, webinars and peer-to-peer mentorships, the Methane Library repository, annual Baseline/Status Reports, and case studies. Operations are managed by the Oil and Gas Climate Initiative (OGCI) on behalf of signatories.

Product overview

The Oil & Gas Decarbonization Charter (OGDC) is a global industry initiative launched at COP28, not a traditional product company. It operates as a collaborative platform connecting oil and gas companies committed to decarbonization. The core offering consists of the Charter commitments and Signatories Hub portal, supplemented by the Collaborate & Share Program providing training, webinars, and peer-to-peer mentorships. Supporting resources include the Methane Library (a repository of over 200 methane reduction resources) and Case Studies showcasing real-world decarbonization examples. The initiative also produces annual Baseline and Status Reports to track collective progress toward net-zero operations by 2050.

Differentiator

Problem solved

Functional benefit

Products and services

• Collaborate & Share Program Signatory-led program fostering collaboration and knowledge sharing among oil and gas stakeholders; provides trainings, webinars, peer-to-peer mentorships, and partnerships with external organizations to accelerate decarbonization. For OGDC signatories.
• Signatories Hub Secured online portal for OGDC signatories providing access to training resources, webinars, case studies, sustainability reports, communications toolkit, and peer-to-peer exchange programs. For member companies.
• Methane Library Centralized repository of over 200 key resources supporting oil and gas companies' efforts to reduce methane emissions, covering detection methods, quantification tools, guidelines, best practices, and regulatory frameworks. Open access for industry stakeholders.
• 1-on-1 Training Training program led by expert partners including Accenture, Carbon Limits, McKinsey, and S&P Global covering GHG emissions reporting, CH4 and flaring reduction, and oil & gas decarbonization strategies. For OGDC signatories.
• Case Studies Real-life examples of OGDC signatories accelerating decarbonization, covering methane/flaring reduction, oil & gas decarbonization strategies, and intelligent decarbonization. For industry stakeholders.
• Baseline and Status Reports Annual reports tracking signatories' performance and progress in reducing emissions, including the 2024 Baseline Report and 2025 Status Report: Implementing Action. For industry stakeholders, policymakers and the public.

Quantifiable outcome

• 55-56 company signatories representing ~40% of global oil production
• +7 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core and minor.

• International Energy Forum (IEF)coreStrategic or Co-development Partner · 3 February 2026MoU signed to deepen public-private collaboration on carbon management, methane mitigation, energy efficiency, and capacity-building. Partnership leverages IEF's global energy diplomacy and OGDC's industry-led action through 2028.
• Oil and Gas Climate Initiative (OGCI)coreStrategic or Co-development Partner · 1 December 2023OGCI manages OGDC operations for an initial period of three years. OGCI provides secretariat functions, technical expertise, tools (Satellite Monitoring Campaign, Methane Library), and governance support. OGCI is a CEO-led initiative of 12 major oil and gas companies.
• Methane Guiding Principles (MGP)minorStrategic or Co-development PartnerIndustry partnership for sharing best practices on methane emissions reduction and guiding principles.
• Environmental Defense Fund (EDF)minorStrategic or Co-development PartnerCollaboration on methane emissions reduction efforts and policy engagement.
• International Association of Oil & Gas Producers (IOGP)minorStrategic or Co-development PartnerIndustry body collaboration for knowledge sharing and best practice development.
• IpiecaminorStrategic or Co-development PartnerGlobal oil and gas industry association for environmental and social responsibility collaboration.
• United Nations Environment Programme (UNEP)coreStrategic or Co-development PartnerRecognition of OGDC's role in driving improvements. OGDC recognized as simplifying industry alignment with standards and accelerating peer-to-peer learning per UNEP/EDF/IEA 'Pledges to Progress' report.
• World BankcoreStrategic or Co-development PartnerWorld Bank focus on methane reduction welcomed by OGDC. Partnership supports global methane reduction efforts in oil and gas sector.
• International Energy Agency (IEA)coreStrategic or Co-development PartnerJoint UNEP-EDF-IEA report 'Turning Pledges into Progress' recognizes OGDC's unique role in driving industry improvements.
• UNEP Oil and Gas Methane Partnership 2.0coreStrategic or Co-development PartnerMore than 40% of OGDC signatories are part of OGMP 2.0, working toward gold standard methane emissions reporting.
• McKinsey & CompanyminorImplementation/ SI/ Consulting PartnerTraining provider offering deep-dive sessions on decarbonization solutions, net-zero roadmap development, and strategic options for low-carbon future.
• AccentureminorImplementation/ SI/ Consulting PartnerTraining provider offering data and digital solutions for GHG emissions management, including detection equipment, KPI fundamentals, and integrated emissions management.
• Carbon LimitsminorImplementation/ SI/ Consulting PartnerTraining provider specializing in methane emissions reduction, including detection, measurement, financing, and OGMP 2.0 reporting frameworks.
• S&P GlobalminorImplementation/ SI/ Consulting PartnerTraining provider offering foundational and advanced sessions on GHG reporting, KPI setting, auditing, and third-party verification.
• TotalEnergies (AUSEA Technology)coreTechnology or IntegrationPartnership enabling AUSEA drone-mounted methane detection technology deployment at ONGC sites. TotalEnergies shares pioneering technology with NOC signatories.
• Boston Consulting Group (BCG)minorImplementation/ SI/ Consulting PartnerCollaborated with SOCAR to develop the Methane AI platform for emissions data consolidation and analysis.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• Climate Action 100+: An investor-led initiative engaging the world's largest corporate GHG emitters on climate action. Climate Action 100+ is an emerging player peer because it targets overlapping corporate emitters from an investor angle, complementing OGDC's industry-led approach.
• Science Based Targets initiative (SBTi): An organization that defines and promotes science-based decarbonization target setting across industries. SBTi is an emerging player peer because OGDC signatories align their net-zero targets with SBTi-style frameworks, and SBTi provides the underlying methodology OGDC supports.
• Environmental Defense Fund (EDF) - Methane Program: An environmental NGO that collaborates with oil and gas companies on methane reduction and OGMP 2.0 reporting. EDF is an emerging player peer because it partners with OGDC while also independently holding signatories accountable to public methane commitments.

Broad incumbents

• International Association of Oil & Gas Producers (IOGP): A global industry association representing upstream oil and gas operators. IOGP is a broad incumbent peer because it covers a wider scope (safety, operations, sustainability) and overlaps with OGDC on knowledge-sharing and best-practice development.
• IPIECA: The global oil and gas industry association for environmental and social performance. IPIECA is a broad incumbent peer that complements OGDC's efforts on sustainability reporting and peer learning across the industry.

Direct peers

• Oil and Gas Climate Initiative (OGCI): The parent operating entity that manages OGDC's secretariat and provides tools such as the Methane Library and Satellite Monitoring Campaign. OGCI is a CEO-led initiative of 12 major oil and gas companies and the most direct operational peer, given that it runs OGDC's day-to-day functions.
• World Bank Global Flaring and Methane Reduction Partnership (GFMR): A World Bank-coordinated public-private partnership focused on eliminating routine gas flaring and reducing methane emissions. GFMR is a direct peer because it shares OGDC's zero routine flaring by 2030 ambition and overlaps on member companies and producing-country engagement.
• Methane Guiding Principles (MGP): A multi-stakeholder industry partnership co-led by oil and gas companies focused on reducing methane emissions across the value chain. MGP is a direct peer because it overlaps with OGDC's methane abatement agenda and shares signatories and best-practice dissemination channels.
• International Energy Forum (IEF): An intergovernmental energy dialogue platform that signed a 2026 MoU with OGDC. IEF is a direct peer because it convenes energy ministers and producers on similar methane mitigation and carbon management priorities.
• UNEP Oil & Gas Methane Partnership (OGMP 2.0): A UNEP-convened reporting framework for oil and gas methane emissions. OGMP 2.0 is a direct peer because more than 40% of OGDC signatories are also OGMP 2.0 members, and the two initiatives align on gold-standard methane reporting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/decarbcharter

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Oil and Gas Decarbonization Charter