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 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
Cenovus Energy's score of 12 is higher than 56% 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 16,300,000,000 kg CO2e for Scope 1, 1,800,000,000 kg CO2e for Scope 2, and significant Scope 3 emissions, including about 208,600,000,000 kg CO2e from the use of sold products. The company's total emissions for Scope 1 and 2 combined reached approximately 18,200,000,000 kg CO2e. Cenovus has made strides in reducing its greenhouse gas emissions intensity over the years, achieving a reduction of about 34,700 kg CO2e per m3 compared to 2004 levels in oil sands operations. However, specific reduction targets or commitments under initiatives such as the Science Based Targets initiative (SBTi) have not been disclosed. The company continues to focus on improving its emissions performance, particularly in the context of its operations in Canada, where it is headquartered. Cenovus's commitment to sustainability is evident in its ongoing efforts to monitor and report emissions, although detailed reduction initiatives or pledges have not been specified.
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Access structured emissions data, company-specific emission factors, and source documents
Get Started| 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 not committed to any 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.
