Neptune Energy Group Limited Sustainability Profile
Neptune Energy Group Limited, commonly referred to as Neptune Energy, is a prominent independent oil and gas exploration and production company headquartered in Great Britain. Established in 2015, the company has rapidly expanded its operations across key regions, including the North Sea, North Africa, and Asia-Pacific, positioning itself as a significant player in the energy sector. Neptune Energy focuses on the exploration, development, and production of hydrocarbons, with a commitment to sustainable practices and innovative technologies. The company is recognised for its efficient asset management and operational excellence, which have led to notable achievements in resource development. With a strong emphasis on reducing carbon emissions, Neptune Energy is dedicated to transitioning towards a more sustainable energy future, making it a leader in the evolving energy landscape.
DitchCarbon Score
How does Neptune Energy Group Limited'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 Real Estate Services 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
Neptune Energy Group Limited's score of 51 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Neptune Energy Group Limited's reported carbon emissions
In 2023, Neptune Energy Group Limited reported total carbon emissions of approximately 67,241,000 kg CO2e from Scope 1, which includes direct emissions from owned or controlled sources, and about 5,942,000 kg CO2e from Scope 2, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, Scope 3 emissions were recorded at approximately 999,000 kg CO2e, which includes emissions from business travel, employee commuting, purchased goods and services, waste generated in operations, and fuel and energy-related activities. Comparatively, in 2022, the company’s Scope 1 emissions were about 80,263,000 kg CO2e, with Scope 2 emissions at approximately 291,000 kg CO2e and Scope 3 emissions at around 763,000 kg CO2e. This indicates a significant reduction in Scope 1 emissions from 2022 to 2023. Neptune Energy has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments. The company is a current subsidiary of Eni S.p.A., which influences its emissions data and climate strategies. The emissions data for 2022 and prior years may reflect the broader corporate strategies of Eni S.p.A., particularly in relation to their climate initiatives. Overall, Neptune Energy is actively working within the framework of its parent company’s sustainability goals, although specific reduction targets have not been outlined in the available data.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 21,415,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 2,293,000 | 00,000,000 | 000,000,000 | 000,000,000 | 0,000,000 |
| Scope 3 | 15,339,000 | 000,000 | 000,000 | 0,000,000 | 000,000 |
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Neptune Energy Group Limited's Scope 3 Categories Breakdown
Neptune Energy Group Limited's Scope 3 emissions, which decreased by 33% last year and decreased by approximately 93% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 4% of Scope 3 emissions.
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Neptune Energy Group Limited'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.
Neptune Energy Group Limited 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.
