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 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ithaca Energy's reported carbon emissions
In 2023, Ithaca Energy reported total carbon emissions of approximately 435,792,000 kg CO2e, primarily from Scope 1 emissions, which include mobile combustion (about 323,655,000 kg CO2e) and stationary combustion (approximately 74,696,000 kg CO2e). The company also recorded Scope 2 emissions of about 270,000 kg CO2e. In 2022, Ithaca Energy's total emissions were around 483,325,000 kg CO2e, with Scope 1 emissions at approximately 482,647,000 kg CO2e, including fugitive emissions of about 949,000 kg CO2e, and Scope 2 emissions of about 678,000 kg CO2e. Additionally, Scope 3 emissions were reported at approximately 10,943,000 kg CO2e, primarily from purchased goods and services. The company has not disclosed specific reduction targets or initiatives, indicating a potential area for future commitment. Ithaca Energy's emissions intensity for 2022 was reported at 0.0238, reflecting its operational efficiency in the mineral fuels sector. As a UK-based organisation, Ithaca Energy is positioned within an industry increasingly focused on reducing carbon footprints and enhancing sustainability practices.
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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 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.
