Santos

Santos, an Australian Gas/Diesel Oil company, reported approximately 34.01 billion kg CO2e in total emissions for 2025. This includes about 3.61 billion kg CO2e from Scope 1 emissions, 790 million kg CO2e from Scope 2 emissions, and 29.7 billion kg CO2e from Scope 3 emissions. The Scope 3 emissions include approximately 20.8 billion kg CO2e from the use of sold products, 4.3 billion kg CO2e from the processing of sold products, and 3.3 billion kg CO2e from purchased goods and services.

Looking back, in 2024, Santos's total emissions were approximately 35.14 billion kg CO2e, with Scope 1 at about 4.44 billion kg CO2e, Scope 2 at 800 million kg CO2e, and Scope 3 at 29.9 billion kg CO2e. In 2023, total emissions were around 39.1 billion kg CO2e, comprising approximately 5.5 billion kg CO2e in Scope 1 emissions, 600 million kg CO2e in Scope 2 emissions, and 33 billion kg CO2e in Scope 3 emissions.

Santos has committed to achieving net-zero Scope 1 and 2 emissions by 2040. The company also has a near-term target to reduce Scope 1 and 2 emissions by 30 per cent (equity share) by 2030, using a 2023 baseline. Additionally, through SBTi, Santos (Sto NV) has committed to reducing Scope 1 and 2 GHG emissions by 42% by 2030 from a 2021 base year, and to measure and reduce its Scope 3 emissions. These SBTi targets were approved using a streamlined validation route for small and medium-sized enterprises (SMEs).