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 85% 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 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. This represents a reduction from 2022, where the company recorded Scope 1 emissions of about 211,652,000 kg CO2e, which included process emissions of approximately 268,000 kg CO2e and fugitive emissions of about 45,848,000 kg CO2e. The company has not disclosed any Scope 2 or Scope 3 emissions data, nor has it set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi). There are no documented climate pledges or reduction targets available, indicating a potential area for future commitment. Amplify Energy's emissions intensity rate for Scope 1 in 2023 was reported at 6,900 kg CO2e per tonne, reflecting its operational efficiency in emissions management. The company’s emissions data is not cascaded from any parent organisation, indicating that all reported figures are directly from Amplify Energy Corp. Overall, while Amplify Energy has made strides in reducing its emissions, the absence of comprehensive climate commitments and targets suggests opportunities for further engagement in climate action.
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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.
