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PGS, or Petroleum Geo-Services, is a leading provider in the electricity sector, specialising in petroleum and other oil derivatives. Headquartered in Norway, PGS operates extensively across key regions, including Europe, North America, and parts of Asia. Founded in 1991, the company has achieved significant milestones, establishing itself as a trusted name in energy solutions.
PGS offers a range of core services, including advanced seismic imaging and data analysis, which are essential for optimising oil and gas exploration. Their commitment to innovation and sustainability sets them apart in a competitive market. With a strong market position, PGS has garnered recognition for its technological advancements and dedication to environmental stewardship, making it a pivotal player in the energy landscape.
-5 vs industry average
PGS’s score of 7 is lower than 41% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Petroleum Electricity is among the most carbon-intensive industries
The Petroleum Electricity industry has reduced its overall emissions by 30% since 2018
Scope 3 accounts for ••• of total emissions.
PGS, headquartered in Norway, operates in the Electricity by petroleum and other oil derivatives sector. For 2022, PGS reported total Scope 1 emissions of 293,000,000 kg CO2e, Scope 2 emissions of 3,000,000 kg CO2e, and Scope 3 emissions from business travel of 7,000,000 kg CO2e. This data is inherited from its parent company, PGS ASA.
In 2021, PGS's Scope 1 emissions were 263,000,000 kg CO2e and Scope 2 emissions were 3,000,000 kg CO2e. In 2020, the company's Scope 1 emissions were 314,000,000 kg CO2e, Scope 2 emissions were 6,000,000 kg CO2e, and Scope 3 emissions from business travel were 1,000,000 kg CO2e. For 2019, Scope 1 emissions were 408,000,000 kg CO2e, Scope 2 emissions were 6,000,000 kg CO2e, and Scope 3 emissions from business travel were 6,000,000 kg CO2e. In 2018, PGS reported Scope 1 emissions of 345,000,000 kg CO2e, Scope 2 emissions of 6,000,000 kg CO2e, and Scope 3 emissions from business travel of 5,000,000 kg CO2e.
PGS has not publicly disclosed specific carbon reduction targets or commitments through initiatives like the Science Based Targets initiative (SBTi) or the Climate Pledge. However, the organisation's performance data, including emissions, is cascaded from PGS ASA.
No climate goals have been disclosed for PGS yet.
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