Horizon Oil
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 17 is higher 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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Horizon Oil's reported carbon emissions
In 2024, Horizon Oil reported total carbon emissions of approximately 42,324,000 kg CO2e for Scope 1, 16,000 kg CO2e for Scope 2, and about 610,451,000 kg CO2e for Scope 3 emissions. This reflects a continued increase in emissions across all scopes compared to previous years, with Scope 1 emissions rising from 34,000,000 kg CO2e in 2023, Scope 2 from 15,000 kg CO2e, and Scope 3 from 580,000,000 kg CO2e. Over the past five years, Horizon Oil's emissions have shown a general upward trend. For instance, in 2020, the company reported 25,000,000 kg CO2e for Scope 1, 12,000 kg CO2e for Scope 2, and 500,000,000 kg CO2e for Scope 3. By 2021, these figures increased to 28,000,000 kg CO2e (Scope 1), 13,000 kg CO2e (Scope 2), and 520,000,000 kg CO2e (Scope 3). The trend continued in 2022 with 30,000,000 kg CO2e (Scope 1), 14,000 kg CO2e (Scope 2), and 550,000,000 kg CO2e (Scope 3). Despite the rising emissions, Horizon Oil has not publicly disclosed specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the industry context, particularly as global pressure mounts for companies to align with sustainability goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 24,000,000 | 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 |
| Scope 3 | 480,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Horizon Oil is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
