Romgaz Sustainability Profile
Romgaz S.A., headquartered in Romania, is a leading player in the natural gas and energy sector, primarily operating in the exploration, production, and supply of natural gas. Founded in 1909, the company has established itself as a cornerstone of Romania's energy landscape, with significant operations in key regions across the country. Specialising in the extraction and processing of natural gas, Romgaz offers unique services that include underground gas storage and electricity production. The company is recognised for its commitment to innovation and sustainability, positioning itself as a reliable energy provider in the region. With a strong market presence, Romgaz has achieved notable milestones, including significant contributions to Romania's energy independence and security.
DitchCarbon Score
How does Romgaz'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 Natural Gas Liquids 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
Romgaz's score of 10 is lower than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Romgaz's reported carbon emissions
In 2022, Romgaz reported total carbon emissions of approximately 404,000 kg CO2e from Scope 2 and about 3,930 kg CO2e from Scope 1, resulting in a combined total of approximately 457,700 kg CO2e. This data reflects their operational emissions within Romania. Romgaz has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. The company has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, which suggests a need for enhanced climate commitments in line with industry standards. Historically, Romgaz's emissions have fluctuated, with 2021 emissions recorded at approximately 593,900 kg CO2e, comprising about 4,040 kg CO2e from Scope 1 and 614,000 kg CO2e from Scope 2. The company’s emissions data is not cascaded from a parent organization, indicating that these figures are independently reported. Overall, while Romgaz has made strides in emissions reporting, the absence of reduction targets and comprehensive Scope 3 data highlights opportunities for further climate action and transparency in their sustainability efforts.
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| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Scope 1 | 1,183,984,380 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000,000,000 | 000,000,000,000 | 000,000 | 000,000 |
| Scope 3 | 373,136 | - | - | - | - |
How Carbon Intensive is Romgaz's Industry?
How Carbon Intensive is Romgaz's Location?
Romgaz's Scope 3 Categories Breakdown
Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Waste Generated in Operations" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Romgaz'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.
Romgaz 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.
