Ithaca Energy
Ithaca Energy, a prominent player in the UK oil and gas sector, is headquartered in Great Britain and operates primarily in the North Sea region. Founded in 2004, the company has established itself as a key independent oil and gas producer, focusing on exploration, development, and production activities. Ithaca Energy is renowned for its diverse portfolio of assets, including both operated and non-operated fields, which enhances its operational flexibility and market resilience. The company’s commitment to sustainable practices and innovative technologies sets it apart in a competitive landscape. With a strong market position, Ithaca Energy has achieved significant milestones, including successful acquisitions and expansions that bolster its production capabilities. As it continues to navigate the evolving energy landscape, Ithaca Energy remains dedicated to delivering value while prioritising environmental stewardship.
DitchCarbon Score
How does Ithaca 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
Ithaca Energy's score of 19 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ithaca Energy's reported carbon emissions
In 2023, Ithaca Energy reported total carbon emissions of approximately 435,792,000 kg CO2e from Scope 1 and 270,000 kg CO2e from Scope 2, resulting in a combined total of about 436,062,000 kg CO2e. This marks a reduction from 2022, where their emissions were approximately 483,325,000 kg CO2e, indicating a commitment to lowering their carbon footprint. In 2022, Ithaca Energy's emissions included approximately 482,647,000 kg CO2e from Scope 1, which comprised 949,000 kg CO2e from fugitive emissions, and 678,000 kg CO2e from Scope 2. Additionally, they reported Scope 3 emissions of about 10,943,000 kg CO2e, primarily from purchased goods and services. The company has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, suggesting a need for further commitment in this area. However, their ongoing efforts to monitor and report emissions reflect an awareness of climate responsibilities within the energy sector. Overall, Ithaca Energy's emissions data highlights their progress in reducing carbon emissions while also indicating areas for improvement in setting formal reduction targets.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | 00,000,000 | - |
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.
Ithaca 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.
