Diversified Energy Company, commonly referred to as Diversified Energy, is a leading player in the natural gas industry, headquartered in the United States. Established in 2017, the company has rapidly expanded its operations across key regions, including the Appalachian Basin and the Gulf Coast, solidifying its presence in the energy sector. Specialising in the production and distribution of natural gas, Diversified Energy is committed to delivering reliable energy solutions while prioritising safety and environmental stewardship. The company’s unique approach combines innovative technology with a focus on sustainable practices, setting it apart from competitors. With a strong market position, Diversified Energy has achieved significant milestones, including strategic acquisitions that enhance its operational capabilities. As a trusted provider of energy, Diversified Energy continues to play a vital role in meeting the growing demand for clean and efficient energy sources.
How does Diversified 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.
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.
Diversified Energy's score of 21 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Diversified Energy reported total carbon emissions of approximately 1,622,000,000 kg CO2e, comprising about 1,563,000,000 kg CO2e from Scope 1 emissions and around 58,000,000 kg CO2e from Scope 2 emissions. This marks a significant reduction from previous years, with emissions in 2022 at approximately 1,879,000,000 kg CO2e, indicating a downward trend in their carbon footprint. Over the past few years, Diversified Energy's emissions have fluctuated, with 2021 emissions recorded at about 1,634,000,000 kg CO2e, 2020 at approximately 959,000,000 kg CO2e, and 2019 at about 2,614,000,000 kg CO2e. The company has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or any formal climate pledges, suggesting a need for clearer commitments in addressing climate change. The company’s emissions profile primarily consists of Scope 1 emissions, which include direct emissions from their operations, while Scope 2 emissions relate to indirect emissions from purchased electricity. The reported Scope 1 methane intensity has shown improvement, decreasing from 1,600 kg CO2e per MMcfe in 2020 to 800 kg CO2e per MMcfe in 2023, reflecting efforts to enhance operational efficiency and reduce methane leakage. Overall, while Diversified Energy has made strides in reducing its carbon emissions, the absence of formal reduction targets highlights an opportunity for the company to strengthen its climate commitments and align with industry standards for sustainability.
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Add to project2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Scope 1 | 2,614,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Scope 2 | - | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | - | - | - | - | - |
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.
Diversified Energy is not committed to any reduction initiatives 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.