Qatarenergy Sustainability Profile
QatarEnergy, formerly known as Qatar Petroleum, is a leading global energy company headquartered in Doha, Qatar (QA). Established in 1974, the company has significantly contributed to the development of Qatar's oil and gas sector, positioning itself as a key player in the energy industry. With operations spanning the Middle East and beyond, QatarEnergy focuses on exploration, production, and refining of hydrocarbons, alongside renewable energy initiatives. The company is renowned for its vast natural gas reserves, particularly in the North Field, which is one of the largest in the world. QatarEnergy's commitment to sustainability and innovation sets it apart, as it actively invests in cleaner energy technologies. As a major exporter of liquefied natural gas (LNG), QatarEnergy has achieved notable milestones, solidifying its status as a cornerstone of the global energy market.
DitchCarbon Score
How does Qatarenergy'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
Qatarenergy's score of 18 is lower 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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Qatarenergy's reported carbon emissions
In 2023, QatarEnergy reported significant carbon emissions, with Scope 1 emissions totalling approximately 43.1 billion kg CO2e and Scope 2 emissions at about 2.1 billion kg CO2e. This represents a slight increase in Scope 1 emissions from 42.3 billion kg CO2e in 2022, while Scope 2 emissions remained consistent with the previous year. QatarEnergy has set ambitious long-term climate commitments, aiming for a 25% reduction in carbon intensity for both Scope 1 and Scope 2 emissions by 2035, using 2013 as the baseline year. Additionally, the company targets a 35% reduction in the carbon intensity of its LNG facilities by the same year. These initiatives reflect QatarEnergy's commitment to sustainability and reducing its environmental impact in the energy sector. The company has achieved an 11.5% reduction in direct GHG emissions (Scope 1) from 2016 to 2017, decreasing from about 5.1 million tonnes CO2e to approximately 4.6 million tonnes CO2e. This achievement underscores QatarEnergy's ongoing efforts to enhance its operational efficiency and reduce its carbon footprint. Overall, QatarEnergy's emissions data and climate commitments illustrate a proactive approach to addressing climate change while continuing to operate within the global energy market.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,941,866,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Qatarenergy's Industry?
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Qatarenergy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Qatarenergy has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
