Saudi Aramco Energy Ventures
Saudi Aramco Energy Ventures, often referred to as Aramco Ventures, is the venture capital arm of Saudi Aramco, headquartered in Dhahran, Saudi Arabia. Established to drive innovation in the energy sector, the firm focuses on strategic investments in technology and services that enhance the efficiency and sustainability of energy production and consumption. Since its inception, Aramco Ventures has made significant strides in the industry, investing in a diverse portfolio that spans renewable energy, advanced materials, and digital technologies. Its unique approach combines deep industry expertise with a commitment to fostering groundbreaking solutions, positioning it as a leader in the global energy landscape. With a strong emphasis on sustainability and innovation, Saudi Aramco Energy Ventures continues to play a pivotal role in shaping the future of energy.
DitchCarbon Score
How does Saudi Aramco Energy Ventures'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 Crude Oil Extraction 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
Saudi Aramco Energy Ventures's score of 0 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Saudi Aramco Energy Ventures's reported carbon emissions
In 2021, Saudi Aramco Energy Ventures reported carbon emissions of approximately 55,000,000,000 kg CO2e for Scope 1 and about 17,100,000,000 kg CO2e for Scope 2. This marked an increase in Scope 1 emissions from about 50,200,000,000 kg CO2e in 2020, while Scope 2 emissions decreased slightly from approximately 18,100,000,000 kg CO2e in the same year. Despite these figures, there are currently no disclosed reduction targets or climate pledges from Saudi Aramco Energy Ventures. The company has not provided specific commitments to reduce emissions or engage in initiatives aligned with the Science Based Targets initiative (SBTi). As a major player in the energy sector, Saudi Aramco Energy Ventures is positioned within an industry that faces increasing scrutiny regarding carbon emissions and climate impact. The absence of defined reduction strategies highlights the ongoing challenges and expectations for fossil fuel companies to address climate change effectively.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 50,200,000,000 | 00,000,000,000 |
| Scope 2 | 18,100,000,000 | 00,000,000,000 |
| Scope 3 | - | - |
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.
Saudi Aramco Energy Ventures is not participating in any 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.
