Santos Sustainability Profile
Santos Limited, commonly referred to as Santos, is a leading Australian oil and gas exploration and production company headquartered in Adelaide, South Australia. Founded in 1954, Santos has established itself as a key player in the energy sector, with significant operations across Australia and in regions such as Papua New Guinea and the Timor Sea. The company focuses on the exploration, development, and production of natural gas and oil, with a strong emphasis on sustainable practices and innovation. Santos is renowned for its core products, including liquefied natural gas (LNG) and domestic gas supply, which are pivotal in meeting both local and international energy demands. With a commitment to reducing carbon emissions and advancing renewable energy initiatives, Santos has positioned itself as a forward-thinking leader in the industry, achieving notable milestones in project development and environmental stewardship.
DitchCarbon Score
How does Santos'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
Santos's score of 40 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Santos's reported carbon emissions
In 2024, Santos reported total emissions of approximately 34,280 kg CO2e, comprising 4,120 kg CO2e from Scope 1, 260 kg CO2e from Scope 2, and 29,900 kg CO2e from Scope 3 emissions. The Scope 3 emissions were primarily driven by the use of sold products (21,300 kg CO2e) and the processing of sold products (4,200 kg CO2e). In 2023, Santos's global emissions were about 38,600 kg CO2e, with Scope 1 emissions at 4,600 kg CO2e, Scope 2 at 210 kg CO2e, and Scope 3 at 33,000 kg CO2e. Santos has set ambitious climate commitments, aiming for net-zero emissions for Scope 1 and Scope 2 by 2040. This target is part of their long-term strategy to reduce greenhouse gas emissions. Additionally, they have committed to a 42% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2021 baseline, as validated by the Science Based Targets initiative (SBTi). This commitment includes measuring and reducing Scope 3 emissions, which are significant in their overall carbon footprint. Santos's emissions data is sourced directly from Santos Limited, with no cascading from a parent organization. The company is actively working towards its climate goals, demonstrating a commitment to sustainability and responsible environmental stewardship.
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| 2012 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 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 | 0,000,000,000 | 0,000 | 0,000 |
| Scope 2 | 37,796,000 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000 | 000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | 00,000 | 00,000 |
How Carbon Intensive is Santos's Industry?
How Carbon Intensive is Santos's Location?
Santos's Scope 3 Categories Breakdown
Santos's Scope 3 emissions, which decreased by 9% last year and decreased by approximately 9% since 2023, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 71% of Scope 3 emissions.
Top Scope 3 Categories
Santos'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.
Santos has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
