Karoon Energy
Karoon Energy Limited, commonly referred to as Karoon Energy, is an Australian oil and gas exploration and production company headquartered in Perth, Australia. Founded in 2006, Karoon has established a strong presence in the energy sector, focusing primarily on the exploration and development of oil and gas resources in Brazil and Australia. The company is renowned for its innovative approach to energy production, with a portfolio that includes significant offshore oil discoveries and development projects. Karoon's commitment to sustainable practices and operational excellence sets it apart in a competitive market. Notable achievements include successful drilling campaigns and strategic partnerships that enhance its market position. With a focus on delivering high-quality energy solutions, Karoon Energy continues to play a pivotal role in the evolving landscape of the oil and gas industry, driving growth and sustainability in its operational regions.
DitchCarbon Score
How does Karoon 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
Karoon Energy's score of 26 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Karoon Energy's reported carbon emissions
In 2023, Karoon Energy reported total carbon emissions of approximately 4,394,185,800 kg CO2e, with significant contributions from Scope 1 (123,747,000 kg CO2e), Scope 2 (55,000 kg CO2e), and Scope 3 emissions (about 4,000,000,000 kg CO2e). The company has shown a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. In 2022, emissions were approximately 2,679,198,000 kg CO2e, with Scope 1 emissions at 125,694,000 kg CO2e and Scope 2 at 38,000 kg CO2e. The trend indicates a substantial reliance on Scope 3 emissions, which encompass indirect emissions from the value chain, highlighting the importance of addressing these in future climate strategies. Karoon Energy's emissions intensity for 2023 was reported at 0.0135 kg CO2e/boe, reflecting their operational efficiency in relation to emissions. The company has not publicly committed to specific science-based targets or climate pledges, indicating a potential area for future development in their sustainability strategy. Overall, while Karoon Energy has made strides in reporting and understanding its emissions, the absence of defined reduction targets suggests an opportunity for enhanced climate action and commitment in the coming years.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 20,140,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 226,000 | 000,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Karoon 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.
