HARBOUR ENERGY PLC.
HBR.LSE | Extraction of crude petroleum
Harbour Energy PLC is an independent oil and gas company focused on exploration, development, and production activities. The company's portfolio includes assets in the UK North Sea, Indonesia, Vietnam, and Mexico. Harbour Energy is involved in the extraction of crude petroleum and natural gas, as we...Show More
Better Health for All
-70
Harbour Energy's core business is the extraction, development, and production of oil and natural gas, with 100% of its revenue derived from these products. These products cause severe, widespread health damage, as atmospheric pollution from operations affects local air quality and is linked to global warming, with no redeeming health benefits mentioned. In 2024, the company had 25 unplanned releases to the sea (18 chemical, 7 oil), with two exceeding two tonnes, and 52 produced water discharge non-compliance events.
1
While the company reduced GHG emissions from 1.8 mt CO2e in 2018 to 1.3 mt CO2e in 2023
2
and targets a 50% reduction by 2030 (vs. 2018 baseline)
3
and Net Zero by 2035
4
, these are partial remediation efforts. It executed four emission reduction projects in 2023, lowering gross operated emissions by 54 kt
5
, and 12 ERAP opportunities delivered 10,000 tCO2e annual savings.
6
The company invests in Carbon Capture and Storage (CCS) projects like Viking CCS (targeting 10 mtpa by 2030)
7
and Greensand Future (400 ktpa from 2026)
8
, and has oil spill emergency plans.
9
However, the Skarv CO₂ Emission Reduction Project was cancelled.
10
Fair Money & Economic Opportunity
0
No evidence available to assess HARBOUR ENERGY PLC on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
0
No evidence available to assess HARBOUR ENERGY PLC on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
10
Harbour Energy reported zero incidents of child labour or forced labour in 2024, with no operations or suppliers identified as having a significant risk for such incidents.
1
The company conducts annual human rights risk screening with an external consultant
2
and embedded a new third-party risk management tool to screen suppliers in 2024.
3
Additionally, contract templates, including purchase order terms and conditions which represent the majority of contracts, include the right to terminate a contract if a supplier engages in improper conduct related to modern slavery and worker welfare.
4
Honest & Fair Business
-20
Harbour Energy was fined £150,000 ($200,591) in July 2025
1
for vent breaches that occurred in 2022,
2
which it self-reported and cooperated with,
3
despite a seven-month delay in initial reporting.
4
The company had one financial restatement in 2023 related to the classification of its Vietnam Business Unit.
5
In 2024, audit procedures covered 92% of the Group’s Adjusted EBITDA.
6
A group-wide, 24/7 international whistleblowing service is provided by an independent company, Safecall,
7
and concerns are thoroughly investigated,
8
though there is no explicit evidence of independent investigation processes. The company maintains a zero-tolerance policy for bribery and corruption,
9
explicitly prohibiting facilitation payments,
10
and has a management system with communication and training on anti-corruption policies throughout its value chain.
11
Kind to Animals
0
As an oil and gas company, Harbour Energy's core operations do not involve animal testing, animal agriculture, or the use of animal-derived ingredients. Consequently, KPIs such as cruelty-free certification, alternative testing usage, humane certified operations, ethical input substitution, cage-free sourcing, animal testing policy and volume, animal agriculture ethics, and animal-free R&D collaboration are not applicable to its business model. The company's 2021 ESG Report indicated that 'Biodiversity and Ecosystems' was not a material topic for Harbour.
1
While the company sponsors The River Dee Trust’s education programme
2
and secured carbon offsets associated with forestry conservation, totaling 1.2 million tonnes
3
, no measurable biodiversity impact or species recovery metrics are provided. Environmental audits are conducted
4
, but not specifically for animal welfare compliance of suppliers. Public policy engagement focuses on climate and energy transition, not animal welfare.
No War, No Weapons
0
Harbour Energy, an oil and gas company, has no reported revenue from arms or defense contracts.
1
The company is a signatory to the UN Global Compact
2
and conducts annual human rights risk screening with an external consultant.
3
It reported zero human rights violations in 2021
4
and no significant negative human rights or labor rights impacts in its supply chain in 2024.
5
Its Supply Chain Contractor Due Diligence Process assesses all material new contracts for human rights and labor rights risks.
6
None of its 1P or 2P reserves are located in or near areas of conflict, and no operations or suppliers were identified to have a significant risk for incidents of child, forced, or compulsory labor in 2024.
7
Planet-Friendly Business
-60
Harbour Energy has set a net-zero target for gross operated Scope 1 and 2 emissions by 2035
1
, with an interim target of a 50% reduction by 2030 against a 2018 baseline
2
. However, these targets are not explicitly stated as SBTi-validated. The company reports 0% of its operational energy consumption from renewables
3
. In 2024, the company reported 52 produced water discharge non-compliance events
4
and 25 unplanned releases to the sea
5
, with one asset exceeding its annual oil discharge limit by 0.68 tonnes
6
. In 2024, two environmental impact appraisals were developed for decommissioning projects
7
. The company's reporting is compliant with TCFD recommendations
8
, and its strategy considers different climate-related scenarios, including a 2°C or lower scenario
9
. It assesses the sensitivity of hydrocarbon reserve levels to future carbon price scenarios
10
and invests in decommissioning mature assets
11
. The company also has programs for upgrading employee skills and transition assistance
12
.
Respect for Cultures & Communities
20
Harbour Energy demonstrates strong local employment, with 99% of its employees identified as nationals in 2021
1
and 97.42% of senior management as nationals in 2022.
2
The company has reported zero incidents of discrimination, human rights violations, or indigenous rights violations for 2021
3
, 2022
4
, 2023
5
, and 2024
6
, supported by annual human rights risk screenings and a Code of Conduct.
7
In 2022, 63% of new supplier contracts were made with local suppliers.
8
The company also incorporated local languages, such as Vietnamese and Bahasa Indonesian, into virtual reality training modules for 640 individuals in 2022.
9
However, Harbour Energy explicitly states that indigenous land and local communities are not material topics for its primary offshore operations
10
, leading to FPIC processes, cultural site protection, cultural preservation investment, and formal partnerships with indigenous groups being deemed not applicable. The company has standard grievance mechanisms but no community-specific ones
11
, and its charitable giving is general rather than focused on cultural heritage.
12
Safe & Smart Tech
0
No evidence available to assess HARBOUR ENERGY PLC on Safe & Smart Tech.
Zero Waste & Sustainable Products
-30
Harbour Energy achieved an 80.82% waste diversion rate in 2022, diverting 20,460.6 tonnes of waste from disposal.
1
The company collected 14,564 tonnes of hazardous waste in 2022, utilizing a wide range of technologies for effective treatment and management, and works to avoid pollution by continually assessing related risks.
2
,
3
Waste reduction initiatives include standardizing the Environmental Hopper process, working with contract waste management companies to reduce, recycle, and reuse waste, and minimizing discharges to the sea during pipeline cleaning operations.
4
The company reported zero environmental fines or sanctions in both 2022 and 2024, and identified no non-compliance with environmental laws or regulations during 2024.
5
,
6