Seplat Energy Sustainability Profile
Seplat Energy Plc, a leading independent energy company, is headquartered in Nigeria (NG) and operates primarily in the oil and gas sector. Founded in 2009, Seplat has established itself as a key player in the Nigerian energy landscape, focusing on exploration, production, and distribution of hydrocarbons. The company’s major operational regions include the Niger Delta, where it has made significant strides in enhancing production capabilities. Seplat Energy is renowned for its commitment to sustainable practices and innovative solutions, offering a diverse range of services that include upstream oil and gas exploration and production, as well as gas processing and distribution. With a strong market position, Seplat has achieved notable milestones, including strategic partnerships and expansions that underscore its role in driving energy security in Nigeria.
DitchCarbon Score
How does Seplat Energy'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 Services Auxiliary to Financial Intermediation 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
Seplat Energy's score of 43 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Seplat Energy's reported carbon emissions
In 2023, Seplat Energy reported total carbon emissions of approximately 15,000,000,000 kg CO2e across all scopes. This includes about 565,423,800 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and approximately 1,320,700 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Notably, Scope 3 emissions accounted for a significant 14,915,000,000 kg CO2e, reflecting the broader impact of the company's value chain. In comparison, the 2022 emissions data indicated a total of about 8,788,000,000 kg CO2e in Scope 3 emissions, with Scope 1 and Scope 2 emissions reported at approximately 1,120,000,000 kg CO2e and 972,000,000 kg CO2e, respectively. This demonstrates a substantial increase in emissions, particularly in Scope 3, which is critical for understanding the full environmental impact of Seplat Energy's operations. Seplat Energy has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi (Science Based Targets initiative) commitments. The company’s climate strategy appears to be in the early stages, focusing on transparency in emissions reporting without established reduction goals. Overall, Seplat Energy's emissions profile highlights the challenges faced by the oil and gas sector in addressing climate change, particularly in managing Scope 3 emissions, which often represent the largest share of total emissions. The company’s commitment to sustainability will be crucial as it navigates the transition towards a lower-carbon future.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,422,396,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 2 | 772,000 | 000,000 | 000,000 | 000,000,000 | 0,000,000 |
| Scope 3 | 10,723,000 | 0,000,000 | 0,000,000 | 0,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Seplat Energy's Industry?
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Seplat Energy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Seplat Energy has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
