Nostrum Oil & Gas PLC Sustainability Profile
Nostrum Oil & Gas PLC, a prominent player in the oil and gas industry, is headquartered in Great Britain and operates primarily in the oil-rich regions of Kazakhstan. Founded in 1997, the company has established itself as a key operator in the exploration and production of hydrocarbons, focusing on the development of its flagship asset, the Chinarevskoye field. Nostrum Oil & Gas is renowned for its commitment to efficient production techniques and sustainable practices, setting it apart in a competitive market. With a strong emphasis on innovation, the company has achieved significant milestones, including the successful expansion of its production capacity. As a result, Nostrum has positioned itself as a reliable supplier of high-quality oil and gas products, contributing to energy security in the region and beyond.
DitchCarbon Score
How does Nostrum Oil & Gas PLC'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 Crude Oil Extraction 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
Nostrum Oil & Gas PLC's score of 35 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nostrum Oil & Gas PLC's reported carbon emissions
In 2023, Nostrum Oil & Gas PLC reported total carbon emissions of approximately 180,157,000 kg CO2e. This figure includes 180,136,000 kg CO2e from Scope 1 emissions, which primarily stem from stationary combustion (about 176,954,000 kg CO2e) and fugitive emissions (approximately 3,134,000 kg CO2e). Scope 2 emissions accounted for about 21,000 kg CO2e, while Scope 3 emissions were reported at approximately 1,870,000 kg CO2e, with significant contributions from purchased goods and services (about 1,430,000 kg CO2e) and waste generated in operations (approximately 289,000 kg CO2e). Nostrum has set ambitious climate commitments, aiming for a 5% year-on-year reduction in actual CO2 emissions for 2023. The company acknowledges its journey towards net zero, with a long-term target to achieve carbon neutrality by 2060, aligning with Kazakhstan's strategy for cleaner energy. Additionally, Kazakhstan has set a goal to reduce greenhouse gas emissions by 15% from 1990 levels by 2030, which Nostrum intends to support. Overall, Nostrum Oil & Gas PLC is actively working towards reducing its carbon footprint while contributing to national climate goals, demonstrating a commitment to sustainability in the oil and gas sector.
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| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 241,652,200 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 3,464,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 00,000 | 00,000 | 0,000 | 00,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | - | 000,000 | 0,000,000 |
How Carbon Intensive is Nostrum Oil & Gas PLC's Industry?
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Nostrum Oil & Gas PLC's Scope 3 Categories Breakdown
Nostrum Oil & Gas PLC's Scope 3 emissions, which increased by 431% last year and increased by approximately 431% since 2022, 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 77% of Scope 3 emissions.
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Nostrum Oil & Gas PLC'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.
Nostrum Oil & Gas PLC 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.
