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Public Profile
Gas/Diesel Oil
CA
updated 5 days ago

Cenovus Energy

Company website

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.

11

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.

14

Industry Benchmark

Cenovus Energy's score of 11 is lower than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.

31%

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Cenovus Energy's reported carbon emissions

In 2022, Cenovus Energy reported total carbon emissions of approximately 18,200,000,000 kg CO2e, which includes 16,300,000,000 kg CO2e from Scope 1 emissions and 1,800,000,000 kg CO2e from Scope 2 emissions. The company also disclosed significant Scope 3 emissions, totalling approximately 208,600,000,000 kg CO2e, primarily from the use of sold products. Cenovus has not set specific reduction targets under the Science Based Targets initiative (SBTi) nor has it made formal climate pledges. However, the company has demonstrated a commitment to sustainability through various initiatives, although no specific reduction targets have been documented. The emissions data is not cascaded from any parent organization, and all figures are reported directly by Cenovus Energy Inc. The company continues to focus on reducing its carbon footprint and improving its environmental performance in the oil and gas sector.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201220132014201520162019202020212022
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Cenovus Energy's primary industry is Gas/Diesel Oil, which is very high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Cenovus Energy is in CA, which has a low grid carbon intensity relative to other regions.

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 participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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