Horizon Oil Sustainability Profile
Horizon Oil Limited, commonly referred to as Horizon Oil, is a prominent player in the oil and gas industry, headquartered in Australia. Established in 1995, the company has made significant strides in exploration and production, primarily focusing on the Asia-Pacific region, including Papua New Guinea and New Zealand. Horizon Oil is renowned for its commitment to sustainable practices and innovative solutions in hydrocarbon extraction. The company’s core services encompass oil and gas exploration, development, and production, with a strong emphasis on maximising resource recovery while minimising environmental impact. With a solid market position, Horizon Oil has achieved notable milestones, including successful project developments and strategic partnerships that enhance its operational capabilities. The company continues to be a key contributor to the energy sector, leveraging its expertise to navigate the evolving landscape of oil and gas.
DitchCarbon Score
How does Horizon Oil'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 Oil Seeds 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
Horizon Oil's score of 33 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Horizon Oil's reported carbon emissions
In 2025, Horizon Oil, headquartered in Australia, reported total carbon emissions of approximately 688,000,000 kg CO2e. This figure includes 48,098,000 kg CO2e from Scope 1 emissions, 16,000 kg CO2e from Scope 2, and a significant 634,817,000 kg CO2e from Scope 3 emissions. The previous year, 2024, saw emissions of about 610,451,000 kg CO2e in Scope 3, alongside 42,259,000 kg CO2e in Scope 1 and 16,000 kg CO2e in Scope 2. In 2023, the company reported 822,813,000 kg CO2e in Scope 3 emissions, with Scope 1 and 2 emissions at 54,041,000 kg CO2e and 19,000 kg CO2e, respectively. Horizon Oil has implemented a significant emission reduction initiative by installing a flare gas recovery compressor, which aims to reduce flare gas emissions by over 25% by 2024. This project, initiated in 2022, is part of their commitment to lowering their carbon footprint, particularly in Scope 1 emissions. The company has not disclosed any Science-Based Targets Initiative (SBTi) reduction targets, but it continues to monitor and report its emissions across all scopes, demonstrating a commitment to transparency and accountability in its climate strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 24,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 11,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 480,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Horizon Oil's Industry?
How Carbon Intensive is Horizon Oil's Location?
Horizon Oil'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.
Horizon Oil 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.
