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 14 is lower than 67% 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 reported total carbon emissions of approximately 2,422,518,000 kg CO2e, comprising about 1,685,913,000 kg CO2e from Scope 1 emissions and about 736,605,000 kg CO2e from Scope 2 emissions. This represents a significant increase from 2022, where total emissions were about 1,981,077,000 kg CO2e, with Scope 1 at approximately 1,123,252,000 kg CO2e and Scope 2 at about 857,825,000 kg CO2e. Crescent Energy has committed to near-term climate targets, although specific reduction targets have not been disclosed. The company is actively engaged in initiatives to manage and reduce its carbon footprint, with a focus on improving emissions intensity. For instance, the gross total Scope 1 and 2 emissions intensity was reported at 30,080 kg CO2e per barrel of oil equivalent (BOE) in 2023, down from 35,200 kg CO2e per BOE in 2022. Crescent Energy has not yet established a net-zero commitment or long-term reduction targets, but it is classified as "Committed" to near-term targets as per the Science Based Targets initiative (SBTi). The company operates within the containers and packaging sector in the United States and is focused on enhancing its sustainability practices. Overall, while Crescent Energy's emissions have increased in recent years, the company is taking steps towards better emissions management and is committed to future climate initiatives.
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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.
