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 61% 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 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 company's Scope 3 emissions were significantly higher, accounting for about 4,651,475,000 kg CO2e. This data reflects a comprehensive disclosure of emissions across all three scopes. In 2023, Karoon Energy's emissions were slightly lower, with total emissions of about 4,394,858,000 kg CO2e, comprising approximately 123,747,000 kg CO2e in Scope 1 and about 55,000 kg CO2e in Scope 2. The Scope 3 emissions for that year were around 3,941,858,000 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 underscores their focus on improving operational efficiency and reducing their carbon footprint. Overall, Karoon Energy's emissions data and climate commitments reflect a proactive approach to addressing climate change, with a clear strategy for reducing emissions intensity 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 | 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.
