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 24 is higher than 89% 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, headquartered in Australia, reported total carbon emissions of approximately 4,394,185,800 kg CO2e, with emissions distributed across various scopes: 123,747,000 kg CO2e from Scope 1, 55,000 kg CO2e from Scope 2, and 4,000,000,000 kg CO2e from Scope 3. This represents a significant increase in emissions compared to previous years, highlighting the challenges the company faces in managing its carbon footprint. In 2022, Karoon's emissions were about 2,679,198,000 kg CO2e, with Scope 1 emissions at 125,694,000 kg CO2e and Scope 2 at 38,000 kg CO2e. The company has shown a trend of increasing emissions over the years, with Scope 1 and 2 emissions combined reaching approximately 82,870,000 kg CO2e in 2022. Despite the rising emissions, Karoon Energy has not publicly disclosed specific reduction targets or initiatives aimed at mitigating its carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments in line with industry standards. As the energy sector increasingly prioritises sustainability, Karoon's future strategies will be crucial in addressing its environmental impact and aligning with global climate goals.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 20,140,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 226,000 | 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 committed to any 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.
