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 55% 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 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 (271,000 kg CO2e) and the use of sold products (746,429,000 kg CO2e). The total emissions for 2022 were slightly lower at 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. Pharos Energy has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The company does not appear to have cascaded any emissions data from a parent organization, and all reported figures are derived directly from Pharos Energy plc. The company’s emissions data reflects its operations in the petroleum sector, where it has reported carbon intensity figures for production, indicating a focus on understanding and managing its environmental impact. However, without specific reduction targets or initiatives, the company's long-term climate strategy remains unclear.
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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 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.
