Public Profile

Serica Energy

Serica Energy plc, a prominent player in the oil and gas industry, is headquartered in Great Britain. Founded in 2004, the company has established itself as a key operator in the North Sea, focusing on exploration, development, and production of hydrocarbons. With a commitment to sustainable practices, Serica Energy offers a unique portfolio of assets, including the producing fields of Erskine, Kambuna, and the recently acquired Rhum field. Renowned for its operational efficiency and innovative approaches, Serica Energy has achieved significant milestones, including successful drilling campaigns and strategic acquisitions that bolster its market position. The company is dedicated to maximising value while minimising environmental impact, making it a noteworthy entity in the energy sector.

DitchCarbon Score

How does Serica 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.

30

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.

14

Industry Benchmark

Serica Energy's score of 30 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.

94%

Serica Energy's reported carbon emissions

In 2023, Serica Energy reported total carbon emissions of approximately 161,165,000 kg CO2e. This figure includes Scope 1 emissions of about 179,447,000 kg CO2e, primarily from stationary combustion, and Scope 3 emissions of approximately 180,528,000 kg CO2e, which encompass investments and purchased goods and services. The company has disclosed emissions data across all three scopes, highlighting its commitment to transparency in its environmental impact. Over the years, Serica Energy has shown fluctuations in its emissions. In 2022, total emissions were about 281,057,000 kg CO2e, with Scope 1 emissions at approximately 218,567,000 kg CO2e and Scope 3 emissions around 46,752,000 kg CO2e. In 2021, total emissions were about 168,183,000 kg CO2e, with Scope 1 emissions of approximately 208,868,000 kg CO2e and Scope 3 emissions of about 133,261,000 kg CO2e. Despite these figures, Serica Energy has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates within the mineral fuels and oils sector, where carbon intensity is a critical focus, and it continues to monitor and report its emissions as part of its environmental, social, and governance (ESG) commitments.

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Add to project
20192020202120222023
Scope 1
241,503,000
000,000,000
000,000,000
000,000,000
000,000,000
Scope 2
25,000
00,000
00,000
000
00,000
Scope 3
-
00,000,000
000,000,000
00,000,000
000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Serica Energy's primary industry is Gas/Diesel Oil, which is high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Serica Energy is headquartered in GB, which has a rank of low, indicating low grid carbon 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.

Serica Energy is committed to some 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.

SBTi
CDP
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers