Pharos Energy
Pharos Energy, a prominent player in the oil and gas industry, is headquartered in Great Britain and operates primarily in the North Sea and Southeast Asia. Founded in 2018, the company has quickly established itself as a key independent exploration and production firm, focusing on the development of oil and gas resources in underexplored regions. With a commitment to sustainable practices, Pharos Energy offers a range of services, including exploration, production, and asset management. Their unique approach combines innovative technology with a strong emphasis on environmental responsibility, setting them apart in a competitive market. Recognised for their strategic acquisitions and operational efficiency, Pharos Energy continues to strengthen its market position, aiming to deliver long-term value to stakeholders while contributing to the energy transition.
DitchCarbon Score
How does Pharos 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
Pharos Energy's score of 18 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Pharos Energy's reported carbon emissions
In 2023, Pharos Energy reported total carbon emissions of approximately 86134000 kg CO2e, comprising 86094000 kg CO2e from Scope 1 and 40000 kg CO2e from Scope 2 emissions. Additionally, the company disclosed significant Scope 3 emissions, amounting to about 747978000 kg CO2e, primarily from the use of sold products (746429000 kg CO2e) and business travel (271000 kg CO2e). Over the years, Pharos Energy has demonstrated a commitment to reducing its carbon footprint. In 2022, the total emissions were approximately 109539000 kg CO2e, showing a decrease from 2021's emissions of about 112024000 kg CO2e. This trend indicates a positive trajectory towards emission reduction, although specific reduction targets or initiatives have not been disclosed. Pharos Energy's GHG intensity by production has varied, with a reported intensity of 0.281 tonnes CO2e per 1,000 tonnes of oil produced in 2023. The company continues to monitor and report its emissions, aligning with industry standards for transparency and accountability in climate commitments.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 115,294,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 48,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | - | - | - | 000,000,000 |
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.
Pharos Energy is not committed to any reduction initiatives 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.
