Santos
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 15 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Santos's reported carbon emissions
In 2023, Santos reported total carbon emissions of approximately 5,660,000,000 kg CO2e, with emissions distributed across various scopes: 3,380,000,000 kg CO2e from Scope 1, 530,000,000 kg CO2e from Scope 2, and 32,700,000,000 kg CO2e from Scope 3. This reflects a significant reliance on upstream activities, particularly in Scope 3 emissions, which are primarily associated with the use of sold products. In 2021, Santos's emissions were recorded at approximately 7,970,000,000 kg CO2e for Scope 1, 610,000,000 kg CO2e for Scope 2, and 30,300,000,000 kg CO2e for Scope 3. This indicates a trend of high emissions, particularly in Scope 3, which is typical for companies in the fossil fuel sector. Despite the substantial emissions figures, Santos has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect the broader industry context, where many companies are still grappling with the transition to lower-carbon operations. Overall, Santos's emissions data highlights the challenges faced by the company in addressing its carbon footprint, particularly in the context of global climate commitments and the increasing pressure for transparency and accountability in emissions reporting.
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Get Started| 2012 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0,000,000,000 |
| Scope 2 | 37,796,000 | 00,000,000 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000,000 | - | - | 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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Santos is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
