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 15 is lower than 58% 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 4,651,475,000 kg CO2e, with Scope 1 emissions at about 127,937,000 kg CO2e and Scope 2 emissions at approximately 59,000 kg CO2e. The combined Scope 1 and 2 emissions totalled around 127,996,000 kg CO2e. In comparison, the previous year, 2023, saw total emissions of about 3,941,858,000 kg CO2e, with Scope 1 at approximately 123,747,000 kg CO2e and Scope 2 at about 55,000 kg CO2e. Karoon Energy has set a long-term target to reduce the intensity of its Scope 1 and Scope 2 emissions by 30% by the end of 2032, using 2021 as the baseline year. This commitment reflects the company's focus on improving its environmental performance and aligning with industry standards for climate action. The company has disclosed emissions data across all three scopes, indicating a comprehensive approach to tracking and managing its carbon footprint. Notably, the significant portion of emissions arises from Scope 3, which accounted for approximately 4,651,475,000 kg CO2e in 2024, highlighting the importance of addressing indirect emissions in their climate strategy. Karoon Energy's initiatives and targets demonstrate a commitment to sustainability and reducing its impact on climate change, aligning with global efforts to mitigate carbon emissions in 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 |
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.
