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