We are committed to reporting our performance in a consistent and transparent manner, aligning our disclosures with recognised global and industry standards and emerging reporting requirements.
2025 highlights
Environmental
31% emissions reduction against Bruce's 2018 baseline
19.6 kgCO₂/boe Bruce carbon intensity
64% reduction in flared gas volumes on Bruce vs 2019
Social
1.4 TRIR on Bruce per 200k hours - measures implemented to address this
Gold award from OEUK's Working as One supplier survey
~£215k spent on social initiatives across the country
Governance
IFRS S1&S2 adopted
Integrated financial and ESG reporting
33% female representation on Board of Directors
About our reporting
In recognition of the increasing link between financial and ESG performance, we integrated our ESG reporting into our Annual Report, which can be found here. This integrated format should provide our stakeholders with a clear and transparent overview of our performance and ambitions.
Our disclosures are prepared in reference to internationally recognised reporting frameworks, such as the Global Reporting Initiative ('GRI') and Sustainability Accounting Standards Board ('SASB'). In addition, Serica has worked to enhance its alignment with the International Financial Reporting Standards (‘IFRS’) S1 and S2.
We report on an operational control basis, meaning that most of the performance data presented relates to Serica’s operated Bruce installation, where we have direct control of operations. However, we also report our equity share of certain aspects, such as emissions from non-operated assets and fields tied into non-operated host facilities. Corporate level data is also provided for metrics such as employee headcount.
We also receive limited assurance on our calculation of GHG emissions in accordance with the principles of ISO 14064-3:2019.
