Denbury Sustainability Profile
Denbury Inc., a prominent player in the energy sector, is headquartered in the United States, with significant operations in the Gulf Coast and Rocky Mountain regions. Founded in 1951, Denbury has established itself as a leader in the oil and natural gas industry, particularly known for its innovative carbon capture and storage techniques. The company focuses on enhanced oil recovery (EOR) using carbon dioxide, setting it apart from competitors by prioritising environmentally sustainable practices. Denbury's commitment to reducing carbon emissions has positioned it as a forward-thinking entity in the energy landscape. With a strong market presence and a history of strategic acquisitions, Denbury continues to achieve notable milestones, reinforcing its reputation as a key contributor to the evolving energy market.
DitchCarbon Score
How does Denbury'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 Chemicals 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
Denbury's score of 14 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Denbury's reported carbon emissions
In 2023, Denbury reported significant carbon emissions, with approximately 40,000,000 kg CO2e attributed to a dedicated CO2 sequestration site in the Rocky Mountain region. This figure falls under a scope that is not specifically defined. For 2024, the company anticipates emissions of about 100,000 kg CO2e from a CO2 transportation agreement for a hydrogen plant in Wyoming, also classified under an unspecified scope. Looking ahead to 2025, Denbury has a CO2 transportation and storage agreement from a chemicals plant in Louisiana, projected to generate around 400,000 kg CO2e. Denbury's emissions data is cascaded from its parent company, Denbury Inc., which disclosed a total of approximately 18,074,560,000 kg CO2e in 2021, comprising 986,556,000 kg CO2e from Scope 1, 820,900,000 kg CO2e from Scope 2, and a substantial 11,353,036,000 kg CO2e from Scope 3 emissions. This data highlights the company's extensive carbon footprint across its operations. Despite the significant emissions figures, Denbury has not set specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction initiatives or SBTi targets indicates a need for further development in their climate strategy. The company operates within the context of the broader oil and gas industry, which faces increasing pressure to reduce greenhouse gas emissions and transition towards more sustainable practices.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 919,988,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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Denbury'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.
Denbury 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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