GE Oil & Gas SpA Sustainability Profile
GE Oil & Gas SpA, a subsidiary of General Electric, is a prominent player in the energy sector, headquartered in Italy. Established in the early 20th century, the company has evolved significantly, focusing on providing advanced technology and services for the oil and gas industry. With major operational regions spanning Europe, the Middle East, and Africa, GE Oil & Gas is renowned for its innovative solutions in subsea systems, drilling, and production. The company offers a diverse range of core products and services, including advanced drilling equipment and integrated subsea solutions, which are distinguished by their reliability and efficiency. GE Oil & Gas has consistently maintained a strong market position, recognised for its commitment to sustainability and technological advancement, making it a trusted partner in the global energy landscape.
DitchCarbon Score
How does GE Oil & Gas SpA'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 Crude Oil Extraction 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
GE Oil & Gas SpA's score of 68 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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GE Oil & Gas SpA, headquartered in Italy, currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. The company is a current subsidiary of General Electric Company, which cascades its climate commitments and targets down to GE Oil & Gas SpA. As part of its parent company's sustainability initiatives, GE Oil & Gas SpA aligns with the climate strategies set forth by General Electric Company. This includes participation in various climate-related initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). However, specific reduction targets or achievements for GE Oil & Gas SpA have not been disclosed. The absence of direct emissions data highlights the need for transparency in reporting and commitment to climate action within the oil and gas sector. As a subsidiary, GE Oil & Gas SpA is expected to adhere to the overarching climate goals established by General Electric Company, which aims to drive significant reductions in greenhouse gas emissions across its operations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 428,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 523,490,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 51,730,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is GE Oil & Gas SpA's Industry?
How Carbon Intensive is GE Oil & Gas SpA's Location?
GE Oil & Gas SpA's Scope 3 Categories Breakdown
GE Oil & Gas SpA's Scope 3 emissions, which decreased by 9% last year and decreased by approximately 46% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
GE Oil & Gas SpA'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.
GE Oil & Gas SpA 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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