On 15 July, the Oil and Gas Climate Imitative (OGCI) set a target to reduce the group’s overall Scope 1 and 2 emissions intensity from operated assets by 9% to 13% by 2025 compared to 2017 levels. Based on the existing portfolios of the members, we forecast the group average emissions intensity is likely to decline 6% by 2025, meaning more action will be needed to meet the target. Together with the individual corporate targets announced over the past six months, the new OGCI target is another positive step in demonstrating the commitment of oil and gas companies to climate change action. However, the path to a low-carbon future is long, and further, bolder steps will be needed to get there. This insight assesses the ambition of the target, including both how achievable it is based on existing portfolios and mitigation measures, and whether it goes far enough towards meeting Paris Agreement objectives.