Pdc Energy Sustainability Profile
PDC Energy, also known as PDC, is a prominent player in the US energy sector, headquartered in Denver, Colorado. Founded in 1969, the company has established itself as a leader in the exploration and production of oil and natural gas, primarily operating in the Wattenberg Field in Colorado and the Delaware Basin in New Mexico and Texas. PDC Energy is renowned for its commitment to sustainable practices and innovative technologies, focusing on efficient resource extraction and environmental stewardship. The company’s core services include drilling, production, and development of oil and gas reserves, which are distinguished by their emphasis on operational excellence and safety. With a strong market position, PDC Energy has achieved significant milestones, including strategic acquisitions and a robust portfolio of assets, solidifying its reputation as a forward-thinking energy provider in a competitive landscape.
DitchCarbon Score
How does Pdc Energy'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 Gas/Diesel Oil 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
Pdc Energy's score of 9 is lower 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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Pdc Energy's reported carbon emissions
In 2021, PDC Energy, headquartered in the US, reported total Scope 1 emissions of approximately 1,145,687,340 kg CO2e, which includes fugitive emissions of about 59,303,450 kg CO2e. This represents a decrease from 2020, where Scope 1 emissions were about 1,218,446,380 kg CO2e, with fugitive emissions at approximately 61,537,200 kg CO2e. The company has not disclosed any Scope 2 or Scope 3 emissions data. PDC Energy has not set specific reduction targets or initiatives as part of its climate commitments, nor does it appear to be part of any formal climate pledges such as the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for further development in their climate strategy. As a current subsidiary of PDC Energy, Inc., the emissions data is cascaded from the parent company, which is responsible for the reported figures. The company operates within an industry context that increasingly prioritises sustainability and emissions reduction, highlighting the importance of establishing clear climate commitments moving forward.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 1,218,446,380 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - |
| Scope 3 | - | - | - |
How Carbon Intensive is Pdc Energy's Industry?
How Carbon Intensive is Pdc Energy's Location?
Pdc Energy'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.
Pdc Energy 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.
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