Neptune Energy Group Limited
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 54 is higher than 74% 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 for Scope 1, 5,942,000 kg CO2e for Scope 2, and 999,000 kg CO2e for Scope 3 emissions. The Scope 3 emissions included 1,434 kg CO2e from business travel and 83 kg CO2e from employee commuting. This data reflects a significant reduction from 2022, where Scope 1 emissions were about 80,263,000 kg CO2e and Scope 2 emissions were approximately 291,000 kg CO2e in the GB region. Neptune Energy has set ambitious climate commitments, aiming for all its portfolio companies to establish science-based emissions reduction targets by 2030. This commitment applies to both Scope 1 and Scope 2 emissions, indicating a proactive approach to achieving net-zero emissions in the near term. The emissions data for 2022 also shows a global total of approximately 589,267,000 kg CO2e for Scope 1 and 130,250,000 kg CO2e for Scope 2, with Scope 3 emissions at 1,493,000 kg CO2e. The company’s emissions data is cascaded from its parent company, Eni S.p.A., reflecting a corporate family relationship that influences its sustainability initiatives. Overall, Neptune Energy Group Limited is actively working towards reducing its carbon footprint and aligning with global climate goals through its strategic commitments and reduction targets.
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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 |
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.
Neptune Energy Group Limited 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.
