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 21 is higher than 79% 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 2023, Santos reported its carbon emissions in Australia, with Scope 1 emissions amounting to approximately 3,380 kg CO2e. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2021 as the baseline year. This target has been approved by the Science Based Targets initiative (SBTi) and reflects a commitment to align with the necessary reductions to limit global warming to 1.5°C. Historically, Santos's emissions have varied significantly. For instance, in 2008, the company reported Scope 1 emissions of about 4,200,000,000 kg CO2e. By 2013, this figure had decreased to approximately 3,680,000,000 kg CO2e, indicating a trend towards emission reductions over the years. However, the company also reported substantial Scope 3 emissions, which reached approximately 25,400,000,000 kg CO2e in 2021, highlighting the need for comprehensive strategies to address emissions across all scopes. Santos's commitment to measuring and reducing its Scope 3 emissions further underscores its dedication to tackling the broader impacts of its operations on climate change. As the company continues to evolve its sustainability practices, these targets and historical data reflect its ongoing efforts to mitigate its carbon footprint and contribute to global climate goals.
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| 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 | 0,000 | 0,000 | 0,000 | 0,000 | 0,000 | 0,000 |
| Scope 2 | 37,796,000 | 00,000,000 | - | - | 000 | 000 | 000 | 000 | 000 | 000 | 000 |
| Scope 3 | - | 0,000,000,000 | - | - | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
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 participating in some of the initiatives that 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.
