Hurricane Energy Sustainability Profile
Hurricane Energy plc, commonly referred to as Hurricane Energy, is a prominent independent oil and gas company headquartered in Great Britain. Founded in 2005, the company has established itself as a key player in the UK’s upstream oil sector, focusing primarily on the exploration and production of hydrocarbons from fractured basement reservoirs. With significant operations in the UK Continental Shelf, Hurricane Energy is renowned for its innovative approach to oil extraction, particularly its unique use of advanced technology to unlock resources in challenging geological formations. The company’s flagship asset, the Lancaster field, has positioned it as a leader in the development of fractured basement reservoirs, showcasing its commitment to maximising recovery while maintaining operational efficiency. Hurricane Energy's strategic focus on sustainable practices and its notable achievements in production milestones underscore its competitive edge in the energy market, making it a noteworthy entity in the evolving landscape of the oil and gas industry.
DitchCarbon Score
How does Hurricane Energy'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 Electricity from Other Sources 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
Hurricane Energy's score of 19 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hurricane Energy's reported carbon emissions
In 2020, Hurricane Energy, headquartered in Great Britain, reported total carbon emissions of approximately 209,505,000 kg CO2e, which includes 209,421,000 kg CO2e from Scope 1 and 84,000 kg CO2e from Scope 2 emissions. The company has set a target to reduce its Scope 1 and Scope 2 greenhouse gas emissions intensity by 5% from 2020 levels by the end of 2025. This commitment reflects a proactive approach to mitigating climate impact, aligning with industry standards for emissions reduction. Hurricane Energy's emissions data is cascaded from its parent company, Prax Upstream Limited, indicating a corporate family relationship that influences its sustainability reporting. The company does not currently disclose Scope 3 emissions data, which typically encompasses indirect emissions from the value chain. Overall, Hurricane Energy is taking steps towards reducing its carbon footprint while navigating the complexities of emissions reporting within the oil and gas sector.
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| 2020 | |
|---|---|
| Scope 1 | 209,421,000 |
| Scope 2 | 84,000 |
| Scope 3 | - |
How Carbon Intensive is Hurricane Energy's Industry?
How Carbon Intensive is Hurricane Energy's Location?
Hurricane Energy'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.
Hurricane Energy 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.
