10 Reasons Not to Invest in Wintershall Dea
Wintershall Dea AG, headquartered in Kassel, Germany, is a prominent player in the oil and gas industry, focusing on exploration and production. Founded in 1894, the company has evolved through significant milestones, including its merger in 2019, which solidified its position as one of Europe’s largest independent oil and gas companies. With operations spanning across Europe, North Africa, and South America, Wintershall Dea is known for its commitment to sustainable energy solutions and innovative extraction techniques. The company’s core services include oil and gas exploration, production, and development, which are distinguished by their emphasis on efficiency and environmental responsibility. Despite its achievements, potential investors should consider various factors before committing to Wintershall Dea, as outlined in the following sections.
DitchCarbon Score
How does 10 Reasons Not to Invest in Wintershall Dea's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Other Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
10 Reasons Not to Invest in Wintershall Dea's score of 2 is lower than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
10 Reasons Not to Invest in Wintershall Dea's reported carbon emissions
**10 Reasons Not to Invest in Wintershall Dea's Carbon Emissions and Climate Commitments** 1. **High Emissions Levels**: In 2018, Wintershall Dea reported significant emissions, with approximately 37,600,000 kg CO2e from Scope 1 and about 144,100,000 kg CO2e from Scope 2 globally. This indicates a substantial carbon footprint. 2. **Scope 3 Emissions**: The company’s Scope 3 emissions were alarmingly high, reaching about 1,248,840,000 kg CO2e. This includes emissions from purchased goods and services, which accounted for the majority of their carbon output. 3. **Lack of Reduction Targets**: Wintershall Dea has not established any science-based targets for emissions reduction, which raises concerns about their commitment to climate action and accountability. 4. **No Climate Pledge**: The absence of a formal climate pledge further indicates a lack of proactive measures to address their environmental impact, making them a risky investment. 5. **Limited Transparency**: The company has not disclosed any specific initiatives or strategies aimed at reducing their emissions, which is critical for investors seeking sustainable practices. 6. **Heavy Reliance on Fossil Fuels**: As a major player in the oil and gas sector, Wintershall Dea's operations are inherently linked to high carbon emissions, which contradicts global trends towards renewable energy investments. 7. **Inadequate Scope 1 and 2 Management**: With approximately 161,000 kg CO2e from Scope 1 and 67,800,000 kg CO2e from Scope 2 in Mexico alone, the company shows insufficient management of direct and indirect emissions. 8. **No Significant Achievements**: Despite the high emissions levels, there are no reported achievements in reducing their carbon footprint, which raises doubts about their operational efficiency and environmental responsibility. 9. **Global Emission Trends**: The increasing global focus on reducing carbon emissions makes investing in companies with high emissions and no reduction commitments increasingly risky. 10. **Regulatory Risks**: As governments worldwide tighten regulations on carbon emissions, Wintershall Dea may face increased operational costs and liabilities, impacting their financial performance and attractiveness to investors.
Unlock detailed emissions data
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Add to project| 2018 | |
|---|---|
| Scope 1 | 37,600,000 |
| Scope 2 | 144,100,000 |
| Scope 3 | 1,248,840,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
10 Reasons Not to Invest in Wintershall Dea is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
