Evolution Petroleum Sustainability Profile
Evolution Petroleum Corporation, commonly referred to as Evolution Petroleum, is a prominent player in the oil and gas industry, headquartered in the United States. Founded in 2003, the company has established itself as a leader in the development and production of oil and natural gas, with significant operations primarily in the Gulf Coast region. Specialising in enhanced oil recovery techniques, Evolution Petroleum focuses on maximising the output from mature oil fields, setting it apart from competitors. The company’s flagship asset, the Delhi Field in Louisiana, showcases its innovative approach and commitment to sustainable practices. With a strong market position, Evolution Petroleum has achieved notable milestones, including successful partnerships and strategic acquisitions that bolster its portfolio. As a forward-thinking entity in the energy sector, Evolution Petroleum continues to drive advancements in resource recovery and environmental stewardship.
DitchCarbon Score
How does Evolution Petroleum'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
Evolution Petroleum's score of 5 is lower than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Evolution Petroleum's reported carbon emissions
In 2022, Evolution Petroleum, headquartered in the US, reported total carbon emissions of approximately 111,200,000 kg CO2e, which includes 111,194,000 kg CO2e from Scope 1 and 5,690 kg CO2e from Scope 2 emissions. This marks a significant commitment to transparency in their carbon footprint, although no Scope 3 emissions data was disclosed. The company has shown a slight reduction in Scope 2 emissions from 5,620 kg CO2e in 2020 to 5,690 kg CO2e in 2022, indicating a focus on managing energy consumption at their corporate facilities. However, there are currently no documented reduction targets or climate pledges, and no emissions data cascaded from a parent organisation. Evolution Petroleum's climate commitments remain vague, with no specific initiatives or targets outlined in their reports. The absence of structured reduction goals suggests an opportunity for the company to enhance its climate strategy and align with industry standards for sustainability.
How Carbon Intensive is Evolution Petroleum's Industry?
How Carbon Intensive is Evolution Petroleum's Location?
Evolution Petroleum'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.
Evolution Petroleum 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.
