I3 Energy Sustainability Profile
I3 Energy, a prominent player in the oil and gas sector, is headquartered in Great Britain and operates primarily in the North Sea region. Founded in 2014, the company has quickly established itself as a key contributor to the energy industry, focusing on the exploration and production of hydrocarbons. I3 Energy is renowned for its innovative approach to asset management and development, particularly in the UK Continental Shelf. The company’s core offerings include oil and gas exploration, production optimisation, and strategic asset acquisition, setting it apart through its commitment to sustainable practices and operational efficiency. With a strong market position, I3 Energy has achieved significant milestones, including successful drilling campaigns and the acquisition of valuable assets, reinforcing its reputation as a forward-thinking energy company dedicated to delivering value in a competitive landscape.
DitchCarbon Score
How does I3 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 Transmission 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
I3 Energy's score of 8 is lower than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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I3 Energy's reported carbon emissions
In 2022, I3 Energy reported total carbon emissions of approximately 227,610,000 kg CO2e, comprising 206,970,000 kg CO2e from Scope 1 emissions and 20,460,000 kg CO2e from Scope 2 emissions. The Scope 1 emissions included 11,735,000 kg CO2e from fugitive emissions and 128,934,000 kg CO2e from stationary combustion. Comparatively, in 2021, the company emitted about 191,597,000 kg CO2e, with Scope 1 emissions at 186,097,000 kg CO2e and Scope 2 emissions at 5,265,000 kg CO2e. In 2020, the total emissions were approximately 102,927,000 kg CO2e, with Scope 1 emissions of 98,927,000 kg CO2e and Scope 2 emissions of 3,940,000 kg CO2e. I3 Energy has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or climate pledges. The emissions data is cascaded from their parent company, i3 Energy Plc, and is influenced by the performance of Gran Tierra Energy Inc. as part of their corporate family relationship. Overall, I3 Energy's emissions reflect their operations in the mineral fuels and oils sector, with a combined direct and indirect GHG emissions intensity of approximately 41.0 kg CO2e per barrel of oil equivalent in 2022.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 98,927,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 3,940,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is I3 Energy's Industry?
How Carbon Intensive is I3 Energy's Location?
I3 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.
I3 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.
