Nov Sustainability Profile
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 14 is lower than 59% 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 Inc. 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 reduction from 2022, where total emissions were about 368,636,000 kg CO2e, with Scope 1 emissions at 148,289,000 kg CO2e and Scope 2 emissions at 220,348,000 kg CO2e. In 2021, the company recorded total emissions of approximately 384,013,000 kg CO2e, indicating a downward trend in emissions over the past few years. NOV has set ambitious climate commitments, aiming for significant reductions in both Scope 1 and Scope 2 emissions by 2030. The company is focused on advancing carbon capture, utilisation, and storage (CCUS) technologies to support its customers in reducing their carbon footprints. These initiatives are part of NOV's broader strategy to achieve net-zero emissions, with specific targets established for the near term, starting from 2023. The emissions data is not cascaded from any parent organisation, and all figures are directly reported by NOV Inc. As the company continues to enhance its sustainability efforts, it remains committed to transparency in its emissions reporting and reduction strategies.
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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 | - | - | - | - |
How Carbon Intensive is Nov's Industry?
How Carbon Intensive is Nov's Location?
Nov'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.
Nov 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.
