PGS Sustainability Profile
PGS, or Petroleum Geo-Services, is a leading provider of geophysical and geological services, headquartered in Norway. Established in 1991, the company has made significant strides in the oil and gas industry, particularly in seismic data acquisition and interpretation. With a strong operational presence in regions such as the North Sea, Brazil, and the Gulf of Mexico, PGS has positioned itself as a key player in the energy sector. The company offers a range of core services, including advanced seismic imaging and reservoir analysis, which are distinguished by their cutting-edge technology and commitment to sustainability. PGS has achieved notable milestones, such as pioneering multi-client data libraries that enhance exploration efficiency. With a reputation for innovation and reliability, PGS continues to support the global energy market while maintaining a focus on environmental stewardship.
DitchCarbon Score
How does PGS'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 Petroleum Electricity 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
PGS's score of 11 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PGS's reported carbon emissions
In 2022, PGS reported total carbon emissions of approximately 293,000,000 kg CO2e for Scope 1, 3,000,000 kg CO2e for Scope 2, and 7,000,000 kg CO2e for Scope 3, specifically from business travel. This data reflects a comprehensive disclosure of emissions across all relevant scopes. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). Furthermore, PGS's emissions data is cascaded from its parent company, PGS ASA, which provides a broader context for its climate performance. In previous years, PGS's emissions have shown variability, with Scope 1 emissions recorded at 263,000,000 kg CO2e in 2021 and 314,000,000 kg CO2e in 2020. The company has not disclosed any significant reduction achievements or specific climate pledges, indicating a potential area for future commitment and improvement in its sustainability strategy. Overall, while PGS has provided detailed emissions data, the lack of defined reduction targets suggests an opportunity for enhanced climate action and accountability moving forward.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 345,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 6,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 5,000,000 | 0,000,000 | 0,000,000 | - | 0,000,000 |
How Carbon Intensive is PGS's Industry?
How Carbon Intensive is PGS's Location?
PGS's Scope 3 Categories Breakdown
PGS's Scope 3 emissions, which increased by 600% last year and increased by approximately 40% since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
PGS'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.
PGS 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.
