New Delhi, Feb 7: State-owned Oil and Natural Gas Corporation (ONGC) has cut carbon emission intensity of its operations by over 12 per cent in the last five years as part of making its operations more sustainable, Chairman and Managing Director Shashi Shanker has said.

Shanker, speaking at the 15th National Convention of Global Compact Network India (GCNI), called for deeper collaborative tie-ups between all stakeholders to help the nation navigate through the unprecedented and changing times.

“On ONGC’s efforts towards sustainable growth, Shanker said that over the last five years, the energy Maharatna has reduced its carbon emission intensity (that is, tonnes of carbon di-oxide emitted per barrel of oil produced) by more than 12 per cent,” a company statement said.

ONGC is India’s largest oil and gas producer.

He called the platform to “engage and contribute to achieving sustainable development goals (SDGs) for people, planet, progress and peace.”

He is also the President of GCNI. Held for the first time through virtual medium, the two-day National Convention of GCNI on February 4-5 was themed ‘Raising the SDG Ambition – Pathways for Sustainable Recovery and Growth’.

Emphasising the role of GCNI, Shanker noted that the organisation has spread the message of the United Nations Global Compact to corporate India and has created a platform that offers a bouquet of services to its members to facilitate better understanding and imbibing the 10 principles of SDGs into their work culture and corporate governance structures. – PTI