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 59% 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. The company also disclosed significant Scope 3 emissions, which accounted for the majority of their carbon footprint. In 2023, Karoon Energy's emissions were slightly lower, with total emissions of about 4,941,858,000 kg CO2e, comprising approximately 123,747,000 kg CO2e from Scope 1 and about 55,000 kg CO2e from Scope 2. The total Scope 1 and 2 emissions for that year were around 123,802,000 kg CO2e. Karoon Energy has set ambitious long-term targets to reduce its emission intensity. The company aims to achieve 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 their proactive approach to addressing climate change and reducing their environmental impact. Overall, Karoon Energy's emissions data and reduction initiatives highlight their ongoing efforts to improve sustainability and align with industry standards for climate action.
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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.
