Karoon Energy Sustainability Profile
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 15 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Karoon Energy's reported carbon emissions
In 2024, Karoon Energy, headquartered in Australia, reported total carbon emissions of approximately 4,678,000,000 kg CO2e, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 128,000,000 kg CO2e, while Scope 2 emissions totalled approximately 59,000 kg CO2e. The majority of emissions stemmed from Scope 3, amounting to around 4,651,475,000 kg CO2e. In 2023, the company recorded total emissions of about 4,000,000,000 kg CO2e, with Scope 1 emissions at approximately 124,000,000 kg CO2e and Scope 2 emissions at around 55,000 kg CO2e. Scope 3 emissions for that year were approximately 3,941,858,000 kg CO2e. Karoon Energy has set ambitious targets to reduce its carbon footprint, aiming for a 30% reduction in Scope 1 and Scope 2 emission intensity by the end of 2032, using 2021 as the baseline year. This commitment reflects the company's long-term strategy to enhance sustainability and mitigate climate impact. The emissions data is not cascaded from any parent organization, indicating that Karoon Energy independently reports its emissions and climate commitments. The company is actively working towards its reduction goals, demonstrating a commitment to addressing climate change within the energy sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 19,971,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 151,000 | 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 |
How Carbon Intensive is Karoon Energy's Industry?
How Carbon Intensive is Karoon Energy's Location?
Karoon 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.
Karoon 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.
