Forum Energy Philippines Corp. Sustainability Profile
Forum Energy Philippines Corporation, commonly referred to as Forum Energy, is a prominent player in the oil and gas industry, headquartered in the Philippines. Established in 2007, the company has made significant strides in the exploration and development of energy resources, particularly in the West Philippine Sea and other key operational regions. Specialising in oil and gas exploration, Forum Energy is known for its innovative approach to resource management and commitment to sustainable practices. The company’s flagship project, the Service Contract 72, highlights its strategic focus on harnessing the Philippines' energy potential. With a strong market position, Forum Energy has garnered recognition for its technical expertise and dedication to advancing the local energy sector, making it a vital contributor to the country's energy landscape.
DitchCarbon Score
How does Forum Energy Philippines Corp.'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 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
Forum Energy Philippines Corp.'s score of 0 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Forum Energy Philippines Corp.'s reported carbon emissions
Forum Energy Philippines Corp., headquartered in the Philippines, currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the company. As a result, Forum Energy Philippines Corp. appears to lack formal commitments to carbon reduction initiatives or industry-standard climate targets, such as those set by the Science Based Targets initiative (SBTi). Without emissions data or reduction strategies, the company's climate impact and commitments remain unclear within the context of the energy sector's growing emphasis on sustainability and carbon neutrality. In the absence of specific emissions figures or commitments, it is essential for Forum Energy Philippines Corp. to consider establishing measurable climate goals and reporting frameworks to align with industry standards and enhance transparency regarding their environmental impact.
How Carbon Intensive is Forum Energy Philippines Corp.'s Industry?
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Forum Energy Philippines Corp.'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.
Forum Energy Philippines Corp. 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.
