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 20 is higher than 75% 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 86134,000 kg CO2e, comprising 86094,000 kg CO2e from Scope 1 and 40,000 kg CO2e from Scope 2 emissions. Additionally, the company disclosed significant Scope 3 emissions, amounting to about 747978,000 kg CO2e, primarily from the use of sold products. Over the years, Pharos Energy has demonstrated a commitment to reducing its carbon footprint. In 2022, the total emissions were approximately 109539,000 kg CO2e, showing a downward trend from 112024,000 kg CO2e in 2021 and 115342,000 kg CO2e in 2020. This indicates a consistent effort to lower emissions across Scope 1 and Scope 2 categories. Despite these reductions, Pharos Energy has not set specific reduction targets or climate pledges, which may limit its long-term sustainability strategy. The company continues to focus on improving its GHG intensity by production, which was reported at 0.281 tCO2e per 1,000 tonnes of oil equivalent produced in 2023. Overall, while Pharos Energy has made strides in reducing its emissions, the absence of formal reduction targets suggests an area for potential growth in its 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 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.
