Cenovus Energy
Cenovus Energy Inc., a prominent player in the Canadian oil and gas sector, is headquartered in Calgary, Alberta. Founded in 2009, the company has rapidly established itself as a leader in the exploration, production, and refining of oil and natural gas, with significant operations in Alberta and Saskatchewan. Cenovus is particularly known for its innovative approaches to oil sands development and its commitment to sustainable practices. The company’s core offerings include crude oil, natural gas, and refined products, distinguished by their focus on efficiency and environmental stewardship. Cenovus has achieved notable milestones, including advancements in carbon capture technology, positioning itself as a forward-thinking entity in the energy landscape. With a strong market presence and a dedication to responsible resource management, Cenovus Energy continues to shape the future of the energy industry in Canada and beyond.
DitchCarbon Score
How does Cenovus Energy'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 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
Cenovus Energy's score of 8 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Cenovus Energy's reported carbon emissions
In 2022, Cenovus Energy reported total carbon emissions of approximately 18,200,000,000 kg CO2e, comprising 16,300,000,000 kg CO2e from Scope 1 emissions and 1,800,000,000 kg CO2e from Scope 2 emissions. The company has not disclosed specific reduction targets or initiatives as part of its climate commitments, indicating a lack of formalised strategies such as Science-Based Targets Initiative (SBTi) targets or documented reduction initiatives. Historically, Cenovus has shown fluctuations in emissions, with Scope 1 emissions peaking at about 17,500,000,000 kg CO2e in 2020. The company has not provided detailed information on Scope 3 emissions for 2022, but in 2021, these emissions were significant, with use of sold products contributing approximately 195,800,000,000 kg CO2e. Cenovus Energy's commitment to addressing climate change remains unclear due to the absence of specific reduction targets or pledges. The company operates within a challenging industry context, where carbon emissions are a critical concern, and many peers are actively pursuing aggressive climate strategies.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2012 | 2013 | 2014 | 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,657,427,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 1,079,646,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Cenovus Energy is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
