Ithaca Energy
Ithaca Energy, a prominent player in the UK oil and gas sector, is headquartered in Great Britain and operates primarily in the North Sea region. Founded in 2004, the company has established itself as a key independent oil and gas producer, focusing on exploration, development, and production activities. Ithaca Energy is renowned for its diverse portfolio of assets, including both operated and non-operated fields, which enhances its operational flexibility and market resilience. The company’s commitment to sustainable practices and innovative technologies sets it apart in a competitive landscape. With a strong market position, Ithaca Energy has achieved significant milestones, including successful acquisitions and expansions that bolster its production capabilities. As it continues to navigate the evolving energy landscape, Ithaca Energy remains dedicated to delivering value while prioritising environmental stewardship.
DitchCarbon Score
How does Ithaca 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 Gas/Diesel Oil 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
Ithaca Energy's score of 4 is lower than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ithaca Energy's reported carbon emissions
In 2024, Ithaca Energy reported total carbon emissions of approximately 448,190,000 kg CO2e, a slight increase from about 435,792,000 kg CO2e in 2023. The emissions data for 2023 includes approximately 435,522,000 kg CO2e from Scope 1 and about 270,000 kg CO2e from Scope 2, indicating a significant reliance on direct emissions sources. Ithaca Energy's emissions data is cascaded from its parent company, Ithaca Energy plc, and is influenced by the broader corporate family relationship with Delek Group Ltd., which provides additional context for their emissions reporting. Despite the lack of specific reduction targets or initiatives outlined in their current commitments, Ithaca Energy is part of a larger industry context that increasingly prioritises sustainability and carbon reduction. The company has not disclosed any specific science-based targets (SBTi) or climate pledges, which may limit its accountability in the face of global climate commitments. Overall, Ithaca Energy's emissions reflect the challenges faced by the oil and gas sector in reducing carbon footprints while transitioning towards more sustainable practices.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | - |
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.
Ithaca 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.
