Pharos Energy Sustainability Profile
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 34 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pharos Energy's reported carbon emissions
In 2024, Pharos Energy, headquartered in Great Britain, reported total carbon emissions of approximately 110,708,000 kg CO2e from Scope 1 and 2 combined. This includes 109,647,000 kg CO2e from Scope 1 emissions and 256,150 kg CO2e from market-based Scope 2 emissions. The company also disclosed significant Scope 3 emissions, totalling approximately 67,429,560 kg CO2e, which includes categories such as investments, business travel, and the use of sold products. In 2023, Pharos Energy's emissions were slightly lower, with total Scope 1 emissions at about 106,772,000 kg CO2e and Scope 2 emissions at 190,000 kg CO2e (market-based). The total Scope 3 emissions for that year were approximately 69,697,000 kg CO2e. Pharos Energy has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The company has not disclosed any formal climate commitments or reduction initiatives, indicating a potential area for future development in their sustainability strategy. Overall, Pharos Energy's emissions data reflects a significant carbon footprint, particularly in Scope 1 and 3 categories, highlighting the need for enhanced climate action and commitments in the future.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 115,294,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 48,000 | 00,000 | 00,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 |
How Carbon Intensive is Pharos Energy's Industry?
How Carbon Intensive is Pharos Energy's Location?
Pharos Energy's Scope 3 Categories Breakdown
Pharos Energy's Scope 3 emissions, which decreased by 3% last year and decreased by approximately 3% since 2023, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 65% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 35% of Scope 3 emissions.
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Pharos 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.
Pharos Energy 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.
