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Gas/Diesel Oil
GB
updated a month ago

Pharos Energy

Company website

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.

11

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.

9

Industry Benchmark

Pharos Energy's score of 11 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.

42%

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Pharos Energy's reported carbon emissions

In 2023, Pharos Energy reported total carbon emissions of approximately 377,752,000 kg CO2e. This figure includes 86,094,000 kg CO2e from Scope 1 emissions, 40,000 kg CO2e from Scope 2 emissions, and a significant 747,978,000 kg CO2e from Scope 3 emissions, which encompasses business travel and the use of sold products. Notably, the Scope 1 and 2 combined emissions totalled about 86,134,000 kg CO2e. Comparatively, in 2022, the company recorded total emissions of about 376,626,000 kg CO2e, with Scope 1 emissions at 104,881,000 kg CO2e and Scope 2 emissions at 38,000 kg CO2e. The data indicates a reduction in Scope 1 emissions from 2022 to 2023, while Scope 3 emissions saw a substantial increase. Pharos Energy has not disclosed specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded data from any parent organization. The company is actively engaged in monitoring its emissions but has not set formal targets under the Science Based Targets initiative (SBTi) or similar frameworks. Overall, Pharos Energy's emissions profile reflects the challenges faced by the oil and gas sector in managing carbon footprints, particularly in Scope 3 emissions, which often represent the largest share of total emissions for companies in this industry.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Pharos Energy's primary industry is Gas/Diesel Oil, which is very high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Pharos Energy is in GB, which has a very low grid carbon intensity relative to other regions.

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 participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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