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 23 is higher than 83% 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 86134,000 kg CO2e, comprising 86094,000 kg CO2e from Scope 1 and 40,000 kg CO2e from Scope 2 emissions. Notably, Scope 3 emissions were significantly higher, reaching about 747978,000 kg CO2e, primarily driven by the use of sold products, which accounted for approximately 746429,000 kg CO2e. Over the previous years, Pharos Energy has demonstrated a trend of decreasing emissions. In 2022, total emissions were about 109539,000 kg CO2e, with Scope 1 and 2 emissions at approximately 104919,000 kg CO2e. In 2021, emissions were around 112024,000 kg CO2e, and in 2020, they peaked at about 115342,000 kg CO2e. This indicates a reduction in total emissions from 2020 to 2023. Despite these reductions, Pharos Energy has not publicly committed to specific reduction targets or initiatives, as there are no documented reduction targets or climate pledges available. The company continues to focus on improving its carbon intensity, which was reported at approximately 0.281 tonnes CO2e per 1,000 tonnes of oil equivalent produced in 2023. Pharos Energy's commitment to addressing climate change is evident through its ongoing efforts to monitor and report emissions, although further details on specific climate commitments or targets are currently lacking.
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Add to project| 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 committed to some 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.
