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 lower than 51% 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, headquartered in Great Britain, reported total carbon emissions of approximately 86094000 kg CO2e for Scope 1 and 40000 kg CO2e for Scope 2. The company’s Scope 3 emissions were significantly higher, totalling about 747978000 kg CO2e, with the majority stemming from the use of sold products (746429000 kg CO2e) and business travel (271000 kg CO2e). This data reflects a comprehensive disclosure of emissions across all relevant scopes. Comparatively, in 2022, Pharos Energy's emissions were approximately 104881000 kg CO2e for Scope 1 and 38000 kg CO2e for Scope 2, indicating a reduction in these categories in 2023. However, the company did not disclose Scope 3 emissions for 2022, making it difficult to assess year-on-year changes in that area. Pharos Energy has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action within the industry context. Overall, while Pharos Energy has made strides in emissions reporting, the lack of reduction initiatives highlights an opportunity for the company to enhance its climate commitments and align with industry standards for sustainability.
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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.
