Energean
Energean PLC, a prominent player in the oil and gas industry, is headquartered in the United Kingdom. Founded in 2007, the company has rapidly established itself as a key operator in the Eastern Mediterranean, with significant operations in Israel, Greece, and Egypt. Energean focuses on the exploration and production of hydrocarbons, leveraging advanced technologies to enhance efficiency and sustainability. The company is renowned for its flagship asset, the Karish gas field, which is pivotal in meeting regional energy demands. Energean's commitment to responsible energy production and its strategic investments in renewable energy initiatives set it apart in a competitive market. With a strong emphasis on innovation and environmental stewardship, Energean continues to solidify its position as a leader in the transition towards a more sustainable energy future.
DitchCarbon Score
How does Energean'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
Energean's score of 16 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Energean's reported carbon emissions
In 2023, Energean reported total carbon emissions of approximately 22,500,000,000 kg CO2e, with emissions distributed across Scope 1, 2, and 3. Specifically, Scope 1 emissions accounted for about 428,252,000 kg CO2e, while Scope 2 emissions were approximately 8,245,000 kg CO2e (market-based) and 15,379,000 kg CO2e (location-based). The majority of emissions stemmed from Scope 3, particularly from the use of sold products, which contributed about 21,800,000,000 kg CO2e. Energean has set ambitious targets to reduce carbon emissions intensity by more than 85% for both Scope 1 and Scope 2 emissions between 2019 and 2025. This commitment reflects the company's proactive approach to addressing climate change and aligns with industry standards for sustainability. In 2022, Energean's Scope 1 emissions in Great Britain were reported at approximately 16,507,000 kg CO2e, indicating a focus on regional emissions management. The company continues to disclose its emissions data transparently, demonstrating its commitment to sustainability and climate accountability. Overall, Energean's climate commitments and reduction targets position it as a responsible player in the energy sector, striving to minimise its carbon footprint while maintaining operational efficiency.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 47,692,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 38,251,400 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 872,615,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Energean is not participating in any of the initiatives that 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.
