Hess

Hess's reported carbon emissions

Hess Corporation, a US-based Gas/Diesel Oil industry company, reported a total of approximately 63.4 billion kg CO2e in emissions for 2023. This figure encompasses Scope 1, 2, and 3 emissions. **Key Emissions Data:** * **2023:** * Total Emissions: Approximately 63.4 billion kg CO2e * Scope 1: Approximately 2.14 billion kg CO2e * Scope 2: Approximately 464 million kg CO2e (location-based) * Scope 3: Approximately 55.1 billion kg CO2e, with the majority attributed to the use of sold products (approximately 53.3 billion kg CO2e). * **2022:** * Total Emissions: Approximately 53.1 billion kg CO2e * Scope 1: Approximately 2.23 billion kg CO2e * Scope 2: Approximately 436 million kg CO2e (location-based) * Scope 3: Approximately 48.2 billion kg CO2e, primarily from the use of sold products (approximately 46.5 billion kg CO2e). * **2021:** * Total Emissions: Approximately 46.2 billion kg CO2e * Scope 1: Approximately 2.45 billion kg CO2e * Scope 2: Approximately 388 million kg CO2e (location-based) * Scope 3: Approximately 43.4 billion kg CO2e, with the use of sold products accounting for approximately 42 billion kg CO2e. **Climate Commitments and Reduction Initiatives:** Hess Corporation has established several climate-related targets: * **Net Zero Ambition:** The company aims to achieve net zero Scope 1 and 2 Greenhouse Gas (GHG) emissions on an equity basis by 2050. This commitment aligns with a global ambition to achieve net zero emissions by 2050, supporting the aims of the Paris Agreement. * **Intensity Reduction Targets:** * A target was set to reduce the GHG emissions intensity of operated assets to 17 kg CO2e per BOE by 2025, a reduction of 44% from a 2017 baseline of 30 kg CO2e per BOE. This target applies to both Scope 1 and Scope 2 emissions. * Previously, Hess committed to reducing the GHG emissions intensity of its operated assets by 25% by 2020, using a 2014 emissions baseline. The company's emissions data for Scope 1 and Scope 3 is directly reported. While Scope 2 data is available on a location-based method, market-based figures were reported as zero in the latest reporting period. Missing data points for Scope 3 include purchased goods and services. Hess Corporation's sustainability reporting is also part of a broader corporate family relationship with Chevron Corporation, indicated by its inclusion in the Climate Action 100+ initiative.