The oil and gas industry’s net-zero commitments are falling short of implementation, according to the International Energy Agency’s ‘Pledges to Progress 2025’ assessment of 116 major companies, controlling 80 per cent of global production.

Companies averaged merely 9 out of 25 possible points, revealing a troubling pattern of greenwashing.

Performance on target-setting reached 66 per cent, yet implementation strategies scored only 18 per cent and disclosure metrics languished at 21 per cent. While 70 companies pledged near-zero methane emissions by 2030, transparency around actual progress remains absent.

Not a single company received full credit for methane investment reporting. Twenty companies scored below 3 points, with 11 receiving zero for providing no emissions data whatsoever. The report highlights the gap between carbon emitted and and meaningful action.