Initiative Highlights from Highwood’s Voluntary Initiatives Report 2022
The OUR NATION’S ENERGY (ONE) FUTURE COALITION, is 1 of 24 initiatives that are analyzed in-depth in the Highwood voluntary Emissions Reduction Initiatives Report 2022. Download the full report here.
The ONE Future Coalition is a growing group of over 50 U.S. companies committed to voluntarily reducing their collective methane emissions intensity across the natural gas value chain to 1% or less. Founded in 2014, ONE Future has since demonstrated an innovative, performance- and science-based approach to emissions management.
By joining the coalition, companies commit to reducing emissions in all assets in at least one sector of engagement in the oil and gas value chain. One of the fundamental principles of the ONE Future initiative is allowing participants to allocate capital towards reduction approaches in a way that is tailored to the capacities of each company. Therefore, companies are not mandated to implement any specific technologies or methodologies in their pursuit of emissions reductions.
While the coalition is independent and industry-led, participants have the option to disclose their emissions data and collaborate with the EPA under their Methane Challenge Program. Regardless of EPA disclosure, participant companies are provided with an EPA-generated reporting framework that requires companies to report their emissions data to the coalition annually, ensuring continual engagement and accountability. The coalition is looking into integrating direct measurement, reporting, and verification for its members moving forward to improve the transparency and accuracy of the reported emissions.
The ONE Future Coalition launched in 2014 and has surpassed its original 1% intensity goal every year since 2017.
|Reporting Disclosure||Level 3|
|Public Disclosure||Level 4|
|Initiative Transparency||Level 4|
|Measurement of performance||Methane intensity|
|Methane measurement requirements||No measurement requirements|
|Emissions quantification||US EPA GHGRP|
|Level of Engagement||More than 50 member companies|
|Sector applicability||Production, gathering, boosting, processing, transmission, storage, distribution|
|Emissions Quantification||Scope 1|
*To learn more about the disclosure definitions and reporting levels please Download the full report here.
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