California Resources Sustainability Profile
California Resources Corporation (CRC) is a prominent player in the energy sector, headquartered in the United States. Established in 2014, CRC focuses on the exploration and production of oil and natural gas, primarily operating in California's rich resource regions. The company has made significant strides in enhancing its operational efficiency and sustainability practices, positioning itself as a leader in the industry. CRC's core offerings include the extraction of hydrocarbons and the development of innovative technologies aimed at reducing environmental impact. With a commitment to responsible resource management, California Resources Corporation stands out for its dedication to community engagement and environmental stewardship. As a key contributor to California's energy landscape, CRC continues to achieve notable milestones, reinforcing its market position and commitment to sustainable energy solutions.
DitchCarbon Score
How does California Resources'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
California Resources's score of 28 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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California Resources's reported carbon emissions
In 2023, California Resources Corporation reported total carbon emissions of approximately 17,504,000,000 kg CO2e. This figure includes Scope 1 emissions of about 2,603,000,000 kg CO2e, Scope 2 emissions of approximately 152,000,000 kg CO2e, and significant Scope 3 emissions amounting to around 14,749,000,000 kg CO2e. The company has set a long-term commitment to achieve net zero CO2 equivalent emissions by 2050, with this target announced in 2023. This ambitious goal encompasses all scopes of emissions, reflecting a comprehensive approach to climate action. Over the past few years, California Resources has seen fluctuations in its emissions. For instance, in 2022, total emissions were about 18,258,000,000 kg CO2e, while in 2021, they reached approximately 18,940,000,000 kg CO2e. The trend indicates a gradual reduction in emissions from 2020, when total emissions were about 20,213,000,000 kg CO2e, down to 2023 levels. The company’s emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported. California Resources Corporation is actively working towards its climate commitments, aiming to align with industry standards for sustainability and emissions reduction.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,123,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 244,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 20,147,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is California Resources's Industry?
How Carbon Intensive is California Resources's Location?
California Resources'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.
California Resources 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.
