Capricorn Energy
Capricorn Energy PLC, commonly referred to as Capricorn Energy, is a prominent player in the oil and gas industry, headquartered in Great Britain. Founded in 1997, the company has established a strong operational presence in key regions, including North Africa and the North Sea. Specialising in exploration and production, Capricorn Energy is recognised for its commitment to sustainable practices and innovative technologies that enhance resource extraction while minimising environmental impact. The company has achieved significant milestones, including successful exploration projects that have bolstered its market position. With a focus on delivering value through efficient operations and strategic partnerships, Capricorn Energy continues to be a notable entity in the energy sector, striving for excellence in its core services and contributing to the global energy landscape.
DitchCarbon Score
How does Capricorn Energy'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 Gas/Diesel Oil 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
Capricorn Energy's score of 29 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Capricorn Energy's reported carbon emissions
In 2023, Capricorn Energy reported total carbon emissions of approximately 1,392,760 kg CO2e from Scope 1, 181,840 kg CO2e from Scope 2, and significant Scope 3 emissions, including 576,200 kg CO2e from business travel and 200,570 kg CO2e from employee commuting. The combined total for Scope 1 and 2 emissions was about 1,574,600 kg CO2e. For the UK operations in 2023, the company disclosed 149,260 kg CO2e from Scope 2 and a total of 262,900 kg CO2e for Scope 1 and 2 combined. The Scope 3 emissions for the UK were primarily driven by business travel. In 2022, Capricorn Energy's global emissions were significantly higher, with total emissions reaching approximately 14,175,120 kg CO2e, including 7,862,610 kg CO2e from Scope 1 and 223,000 kg CO2e from Scope 2. The Scope 3 emissions were notably high at about 6,089,840 kg CO2e, driven by various factors including the use of sold products. Despite the substantial emissions figures, Capricorn Energy has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company’s emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely from Capricorn Energy PLC. Overall, Capricorn Energy's emissions profile highlights the challenges faced by the energy sector in managing carbon footprints, particularly in the context of increasing scrutiny and the need for sustainable practices.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 355,000 | 000,000 | 000,000 | 000,000 | 00,000 | 00,000 | 000,000 | 000,000 |
| Scope 3 | 2,140,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 0,000,000 | 000,000 |
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.
Capricorn Energy is not participating in any of the initiatives that 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.
