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 11 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ithaca Energy's reported carbon emissions
In 2023, Ithaca Energy reported total carbon emissions of approximately 435,792,000 kg CO2e, comprising 435,522,000 kg CO2e from Scope 1 emissions and 270,000 kg CO2e from Scope 2 emissions. This marks a reduction from 2022, where total emissions were about 483,325,000 kg CO2e, indicating a commitment to lowering their carbon footprint. In 2021, Ithaca Energy's emissions were approximately 497,929,000 kg CO2e, with Scope 1 emissions at 497,362,000 kg CO2e and Scope 2 emissions at 567,000 kg CO2e. The company has shown a consistent effort to reduce emissions over the years, with a notable decrease in Scope 1 emissions from 2021 to 2023. Despite these reductions, there are currently no publicly disclosed reduction targets or climate pledges from Ithaca Energy, which suggests a need for further commitment to formal climate initiatives. The company operates within the mineral fuels and oils sector, where emissions intensity is a critical metric for sustainability. Overall, Ithaca Energy's emissions data reflects a positive trend towards reducing carbon emissions, although the absence of specific reduction targets highlights an area for potential improvement in their climate strategy.
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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 committed to any reduction initiatives 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.
