I3 Energy
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 34 is higher than 56% 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 2023, I3 Energy reported total carbon emissions of approximately 32072000 kg CO2e for Scope 1, 134912000 kg CO2e for Scope 2, and 39444000 kg CO2e for Scope 3. This marks a significant reduction in direct emissions (Scope 1), which decreased by about 18% from the previous year, down from 39444000 kg CO2e in 2022. Additionally, indirect emissions (Scope 2) saw a notable reduction of approximately 39% compared to 2019 levels. I3 Energy's commitment to reducing its carbon footprint is evident in its near-term reduction targets. The company aims to continue its efforts in decreasing both Scope 1 and Scope 2 emissions, with the latter having already achieved a substantial decrease since 2019. The emissions data is cascaded from its parent company, i3 Energy Plc, reflecting the company's broader climate strategy. I3 Energy is actively working towards enhancing its sustainability practices and reducing its overall environmental impact in line with industry standards.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 29,965,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 154,346,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 17,721,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
I3 Energy 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.
