Cue Energy Resources Sustainability Profile
Cue Energy Resources Limited, commonly referred to as Cue Energy, is a prominent player in the oil and gas industry, headquartered in Australia. Established in 1997, the company has made significant strides in exploration and production, primarily focusing on the Asia-Pacific region, including New Zealand and Indonesia. Cue Energy is renowned for its commitment to sustainable energy practices and innovative exploration techniques. The company’s core services encompass oil and gas exploration, development, and production, with a portfolio that includes several producing assets and exploration projects. Notably, Cue Energy has achieved a strong market position, recognised for its operational efficiency and strategic partnerships within the sector. With a focus on maximising resource potential, Cue Energy continues to contribute to the energy landscape while prioritising environmental stewardship.
DitchCarbon Score
How does Cue Energy Resources'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
Cue Energy Resources's score of 1 is lower than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cue Energy Resources's reported carbon emissions
In 2023, Cue Energy Resources, headquartered in Australia, reported total carbon emissions of approximately 8,442,000 kg CO2e for Scope 1 and 293,100 kg CO2e for Scope 2. This reflects a slight increase in Scope 1 emissions from 8,311,000 kg CO2e in 2022, while Scope 2 emissions decreased from 340,400 kg CO2e in the same year. The company has not disclosed any Scope 3 emissions data. Despite these figures, Cue Energy Resources has not set specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets indicates a potential area for improvement in their sustainability strategy. The company operates within the mineral fuels and oils sector, which is known for its significant carbon footprint, highlighting the importance of effective emissions management. Overall, while Cue Energy Resources has made strides in tracking its emissions, the lack of formal reduction commitments suggests that further action may be necessary to align with industry standards and climate goals.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 8,720,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 000,000 | 000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Cue Energy Resources's Industry?
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Cue Energy Resources'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.
Cue Energy Resources has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
