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 20 is higher than 73% 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 86094000 kg CO2e for Scope 1 and 40000 kg CO2e for Scope 2, while Scope 3 emissions reached about 747978000 kg CO2e. The total emissions for Scope 1 and 2 combined were approximately 86134000 kg CO2e. Notably, the majority of their emissions stem from Scope 3, particularly from the use of sold products, which accounted for about 746429000 kg CO2e. Comparatively, in 2022, Pharos Energy's emissions were approximately 104881000 kg CO2e for Scope 1 and 38000 kg CO2e for Scope 2, with a total of about 104919000 kg CO2e for Scope 1 and 2 combined. In 2021, the company reported approximately 107023000 kg CO2e for Scope 1 and 37000 kg CO2e for Scope 2, leading to a total of about 107060000 kg CO2e for these scopes. Despite the significant emissions reported, Pharos Energy has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for further commitment to climate action within the industry context.
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.