ADES Holding Company Sustainability Profile
ADES Holding Company, a leading provider in the oil and gas sector, is headquartered in Saudi Arabia (SA) and operates extensively across the Middle East and North Africa. Founded in 2011, ADES has rapidly established itself as a key player in drilling and production services, catering to both onshore and offshore markets. The company offers a diverse range of services, including drilling rigs, workover services, and integrated solutions, distinguished by their commitment to safety and operational efficiency. ADES's innovative approach and advanced technology have positioned it as a trusted partner for major oil and gas operators in the region. With a strong market presence and a focus on sustainable practices, ADES Holding Company continues to achieve significant milestones, reinforcing its reputation as a reliable and forward-thinking entity in the energy industry.
DitchCarbon Score
How does ADES Holding Company'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 Crude Oil Extraction 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
ADES Holding Company's score of 2 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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ADES Holding Company's reported carbon emissions
In 2023, ADES Holding Company reported Scope 1 emissions of approximately 511,820,000 kg CO2e, a significant increase from about 406,315,000 kg CO2e in 2022 and about 325,285,000 kg CO2e in 2021. This upward trend highlights the company's ongoing challenges in managing its carbon footprint. To address its environmental impact, ADES has set ambitious reduction targets, aiming for a 30% decrease in Scope 1 emissions from 2021 levels by 2030. This commitment reflects a proactive approach to climate action, aligning with industry standards for sustainability. Additionally, the company has established a similar target for Scope 2 emissions, also aiming for a 30% reduction from 2021 levels by 2030. As of now, ADES does not disclose any Scope 2 or Scope 3 emissions data, indicating a potential area for improvement in transparency and comprehensive climate reporting. The company's emissions data is not cascaded from any parent organization, ensuring that its reported figures are solely reflective of its operations. Overall, ADES Holding Company is taking steps towards reducing its carbon emissions, but the increasing trend in Scope 1 emissions underscores the need for continued efforts and effective strategies to meet its climate commitments.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 102,193,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | - |
| Scope 3 | - | - | - | - |
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ADES Holding Company's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
ADES Holding Company has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
