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 57 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 74.2 million kg CO2e. This figure includes Scope 1 emissions of about 67.2 million kg CO2e, Scope 2 emissions of approximately 5.9 million kg CO2e, and Scope 3 emissions of about 999,000 kg CO2e. The company has made significant strides in reducing its carbon footprint, with a commitment to set science-based emissions reduction targets for all its portfolio companies by 2030, covering both Scope 1 and Scope 2 emissions. In 2022, the total emissions were approximately 81.3 million kg CO2e, indicating a reduction in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at about 80.3 million kg CO2e, Scope 2 at approximately 291,000 kg CO2e, and Scope 3 at around 763,000 kg CO2e. Neptune Energy's emissions data is cascaded from its parent company, Eni S.p.A., reflecting a corporate commitment to sustainability and climate action. The company is actively working towards achieving net-zero emissions and has outlined its targets in its sustainability reports.
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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 established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
