Amplify Energy Corp. Sustainability Profile
Amplify Energy Corp., a prominent player in the energy sector, is headquartered in the United States, with significant operations across key regions including California and Texas. Founded in 2019, the company has quickly established itself in the oil and gas industry, focusing on the acquisition and operation of mature oil and natural gas assets. Specialising in the production of hydrocarbons, Amplify Energy is recognised for its commitment to sustainable practices and operational efficiency. The company’s unique approach to asset management and its emphasis on innovative technologies have positioned it as a competitive force in the market. With a strong portfolio of core services, including exploration, production, and environmental stewardship, Amplify Energy Corp. continues to achieve notable milestones, reinforcing its reputation as a reliable energy provider.
DitchCarbon Score
How does Amplify Energy Corp.'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
Amplify Energy Corp.'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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Amplify Energy Corp.'s reported carbon emissions
In 2023, Amplify Energy Corp., headquartered in the US, reported total Scope 1 emissions of approximately 150,497,000 kg CO2e. This figure includes process emissions of about 172,000 kg CO2e and fugitive emissions of approximately 39,998,000 kg CO2e. The company has not disclosed any Scope 2 or Scope 3 emissions data for this year. Comparatively, in 2022, Amplify Energy's Scope 1 emissions were about 211,652,000 kg CO2e, indicating a reduction of approximately 61,155,000 kg CO2e year-on-year. This trend suggests a commitment to decreasing their carbon footprint, although no specific reduction targets or initiatives have been outlined in their current climate commitments. The company has not cascaded any emissions data from a parent organisation, and there are no reported climate pledges or SBTi (Science Based Targets initiative) reduction targets. The absence of these commitments may reflect a broader industry context where many energy companies are still developing comprehensive climate strategies. Overall, while Amplify Energy Corp. has made strides in reducing its emissions, further transparency regarding future targets and initiatives would enhance its climate commitment profile.
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Amplify Energy Corp.'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.
Amplify Energy Corp. 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.
