Santos Ltd, commonly referred to as Santos, is a leading Australian oil and gas producer headquartered in Adelaide, South Australia. Established in 1954, the company has grown to become a key player in the gas and diesel oil industry, with significant operations across Australia and internationally, particularly in Papua New Guinea and the Asia-Pacific region.
Santos focuses on the exploration, production, and distribution of natural gas and oil, with a strong commitment to sustainable practices and innovation. Its core products include liquefied natural gas (LNG) and crude oil, distinguished by their high quality and reliability. The company has achieved notable milestones, including the development of major gas projects that contribute significantly to Australia's energy supply. With a robust market position, Santos continues to drive advancements in energy solutions while prioritising environmental stewardship.
+46 vs industry average
Santos’s score of 65 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil is among the most carbon-intensive industries
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Santos's reported carbon emissions
Santos, headquartered in Australia and operating in the Gas/Diesel Oil industry, has established several climate commitments, including a target of net-zero Scope 1 and 2 emissions by 2040. They have also committed to a 30% reduction in Scope 1 and 2 emissions (equity share) by 2030, using 2023 as a base year. Furthermore, Santos has set a Science Based Target initiative (SBTi) goal to reduce Scope 1 and 2 greenhouse gas emissions by 42% by 2030, from a 2021 base year. The company also intends to measure and reduce its Scope 3 emissions.
In terms of emissions, Santos reported approximately 34.5 billion kg CO2e in 2025, comprising about 3.61 billion kg CO2e from Scope 1, 790 million kg CO2e from Scope 2, and 29.7 billion kg CO2e from Scope 3. For 2024, total emissions were approximately 35.14 billion kg CO2e, with Scope 1 emissions around 4.44 billion kg CO2e, Scope 2 around 800 million kg CO2e, and Scope 3 around 29.9 billion kg CO2e. In 2023, total emissions were approximately 39.1 billion kg CO2e, with Scope 1 at about 5.5 billion kg CO2e, Scope 2 at 600 million kg CO2e, and Scope 3 at 33 billion kg CO2e.
Previous years show:
- 2022: Scope 1 emissions were approximately 5.87 billion kg CO2e and Scope 2 emissions were about 570 million kg CO2e. Scope 3 data was not disclosed for this year.
- 2021: Scope 1 emissions were around 6.4 billion kg CO2e and Scope 2 emissions were approximately 610 million kg CO2e. Scope 3 data was not disclosed.
- 2020: Scope 1 emissions were approximately 5.31 billion kg CO2e and Scope 2 emissions were about 610 million kg CO2e. Scope 3 data was not disclosed.
- 2019: Scope 1 emissions were approximately 5.83 billion kg CO2e and Scope 2 emissions were about 530 million kg CO2e. Scope 3 data was not disclosed.
- 2018: Scope 1 emissions were approximately 5.49 billion kg CO2e and Scope 2 emissions were about 390 million kg CO2e. Scope 3 data was not disclosed.
- 2017: Scope 1 emissions were approximately 5.82 billion kg CO2e and Scope 2 emissions were about 310 million kg CO2e. Scope 3 data was not disclosed.
- 2016: Scope 1 emissions were approximately 3.79 billion kg CO2e. Scope 2 and Scope 3 data were not disclosed.
- 2015: Scope 1 emissions were approximately 3.63 billion kg CO2e. Scope 2 and Scope 3 data were not disclosed.
- 2014: Scope 1 emissions were approximately 3.36 billion kg CO2e. Scope 2 and Scope 3 data were not disclosed.
- 2013: Scope 1 emissions were approximately 3.26 billion kg CO2e and Scope 2 emissions were about 32.81 million kg CO2e. Scope 3 data was not disclosed.
- 2012: Scope 2 emissions were approximately 37.8 million kg CO2e. Scope 1 and Scope 3 data were not disclosed.
- 2011: No emissions data was disclosed.
Santos's emissions data is not cascaded from a parent organisation.
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Santos’s Climate Goals (2030 & 2050)
2 goals2030
42% reduction in Scope 1
This target was approved using a streamlined target validation route exclusive to small and medium-sized enterprises (SMEs). https://science…
2030
42% reduction in Scope 2
This target was approved using a streamlined target validation route exclusive to small and medium-sized enterprises (SMEs). https://science…
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Santos
Frequently asked questions
Common questions about Santos’s sustainability data and climate commitments
Data year: 2023
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