Crescent Energy Sustainability Profile
Crescent Energy Company, commonly referred to as Crescent Energy, is a prominent player in the US energy sector, headquartered in Houston, Texas. Founded in 2020, the company has quickly established itself in the oil and gas industry, focusing on the acquisition and development of high-quality assets in key operational regions, including the Permian Basin and the Eagle Ford Shale. Crescent Energy's core offerings encompass exploration, production, and asset management, distinguished by a commitment to sustainable practices and innovative technologies. The company has achieved significant milestones in a short span, positioning itself as a competitive force in the market. With a strong emphasis on operational efficiency and environmental stewardship, Crescent Energy continues to enhance its reputation as a responsible energy provider, dedicated to meeting the evolving needs of the industry.
DitchCarbon Score
How does Crescent 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 Electricity from Other Sources 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
Crescent Energy's score of 23 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Crescent Energy's reported carbon emissions
In 2023, Crescent Energy, headquartered in the United States, reported total emissions of approximately 2.4 billion kg CO2e. This figure comprises 1.7 billion kg CO2e from Scope 1 emissions and about 736.6 million kg CO2e from Scope 2 emissions. The company has demonstrated a commitment to reducing its carbon footprint, with significant reductions observed from previous years. For instance, in 2022, total emissions were approximately 1.98 billion kg CO2e, indicating a notable increase in emissions in 2023. Crescent Energy has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the value chain. The company is actively engaged in climate initiatives, having committed to near-term reduction targets as part of its sustainability strategy. However, it has not set a net-zero target as of now. The emissions data is sourced directly from Crescent Energy Company, ensuring accuracy and relevance. The company continues to focus on improving its emissions intensity, with reported methane emissions intensity of 460 kg CO2e per tonne in 2023, compared to 310 kg CO2e per tonne in 2022. This reflects ongoing efforts to enhance operational efficiency and reduce environmental impact.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 452,016,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 533,269,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Crescent Energy's Industry?
How Carbon Intensive is Crescent Energy's Location?
Crescent Energy'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.
Crescent Energy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Crescent Energy's sustainability data and climate commitments
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