Capricorn Energy

Capricorn Energy, a British Gas/Diesel Oil company, reported its most recent emissions data for 2024. In 2024, the company's Scope 1 emissions were approximately 59,050 kg CO2e, and Scope 2 (location-based) emissions were around 74,730 kg CO2e. Scope 3 emissions for business travel were about 386,450 kg CO2e and for employee commute were approximately 107,240 kg CO2e.

Looking back, in 2023, Capricorn Energy's Scope 1 emissions were roughly 1,392,760 kg CO2e, with Scope 2 (location-based) at about 181,840 kg CO2e. Scope 3 emissions in 2023 included approximately 576,200 kg CO2e from business travel and 200,570 kg CO2e from employee commute.

Capricorn Energy is committed to achieving continuous reductions towards Net Zero carbon emissions, with a long-term target timeframe of 2023-2040 for all scopes. Key commitments include publishing clear emission reduction targets aligned with the Paris Agreement, applying a carbon removal hierarchy (Avoid-Reduce-Substitute-Sequester-Offset) for Scope 1 and Scope 2 emissions, and assessing climate change risks and opportunities in all projects. The company also aims to reduce greenhouse gas emissions across all stages of the oil and gas lifecycle and promote efficient operations. Furthermore, Capricorn Energy plans to report transparently on risks and opportunities in line with Task Force on Climate-related Financial Disclosure (TCFD) requirements and use appropriately certified carbon offsets as part of its Net Zero strategy.