Nov
Nov, Inc., commonly referred to as Nov, is a leading provider of technology solutions for the energy sector, headquartered in the United States. Founded in 2020, Nov has rapidly established itself as a key player in the oil and gas industry, with significant operations across North America and international markets. The company focuses on delivering innovative products and services, including advanced drilling technologies and wellbore construction solutions. Nov's unique approach combines cutting-edge engineering with a commitment to sustainability, setting it apart from competitors. With a strong market position, Nov has achieved notable milestones, including strategic partnerships and a growing portfolio of patented technologies. As the energy landscape evolves, Nov continues to drive progress and efficiency, reinforcing its reputation as a trusted partner in the industry.
DitchCarbon Score
How does Nov'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
Nov's score of 8 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nov's reported carbon emissions
In 2023, Nov reported total carbon emissions of approximately 378,751,000 kg CO2e, comprising 135,671,000 kg CO2e from Scope 1 and 243,080,000 kg CO2e from Scope 2 emissions. This marks a significant reduction from 2021, when emissions were about 384,013,000 kg CO2e (177,336,000 kg CO2e from Scope 1 and 206,677,000 kg CO2e from Scope 2). In 2022, Nov's emissions totalled approximately 398,000,000 kg CO2e, with Scope 1 emissions at 148,289,000 kg CO2e and Scope 2 emissions at 220,348,000 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, achieving a notable decrease in emissions intensity, with figures dropping from 0.0695 in 2021 to 0.044 in 2023. Despite these reductions, Nov has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or any formal climate pledges. The company continues to focus on improving its sustainability practices, aligning with industry standards for emissions reporting and reduction.
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| 2018 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,010,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 320,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
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.
Nov 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.
