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 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 35 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Karoon Energy's reported carbon emissions
In 2023, Karoon Energy reported total carbon emissions of approximately 3,102,331,000 kg CO2e, with emissions distributed across various scopes: 142,025,000 kg CO2e from Scope 1, 49,000 kg CO2e from Scope 2, and a significant 3,102,331,000 kg CO2e from Scope 3. This marked an increase in emissions compared to previous years, reflecting the company's operational scale and production activities. In 2022, the company recorded total emissions of about 2,088,700,000 kg CO2e, with Scope 1 emissions at 82,805,000 kg CO2e, Scope 2 at 65,000 kg CO2e, and Scope 3 emissions reaching approximately 2,000,000,000 kg CO2e. The trend indicates a growing operational footprint, particularly in Scope 3 emissions, which encompass the entire value chain. Karoon Energy has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company’s emissions intensity for 2023 was reported at 0.0113 kg CO2e per barrel of oil equivalent, suggesting a focus on improving efficiency in its operations. Overall, while Karoon Energy's emissions have increased, the lack of defined reduction strategies highlights an area for potential improvement in their climate commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 20,140,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 226,000 | 000,000 | 00,000 | 00,000 |
| Scope 3 | - | 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 committed to some reduction initiatives 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.
