Socar Aqs
Socar Aqs, a prominent player in the oil and gas industry, is headquartered in Azerbaijan (AZ) and operates extensively across the Caspian region. Founded in 2007, the company has rapidly established itself as a leader in the provision of high-quality drilling and well services, catering to both local and international markets. Specialising in advanced drilling technologies and innovative well construction solutions, Socar Aqs distinguishes itself through its commitment to safety and efficiency. The company has achieved significant milestones, including successful collaborations with major industry partners, which have bolstered its market position. With a focus on sustainable practices and cutting-edge methodologies, Socar Aqs continues to drive growth and innovation within the energy sector.
DitchCarbon Score
How does Socar Aqs'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
Socar Aqs's score of 9 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Socar Aqs's reported carbon emissions
In 2021, Socar Aqs reported direct greenhouse gas emissions of approximately 10,034,300 kg CO2e, classified under Scope 1 emissions. This figure represents a decrease from 2020, when emissions were about 11,368,000 kg CO2e, and a significant reduction from 2019's total of approximately 19,392,000 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, with plans to assess and lower emissions across its operations and equipment from 2023 to 2025. This initiative targets both Scope 1 and Scope 2 emissions, although specific reduction percentages have not been disclosed. Socar Aqs's ongoing efforts reflect a proactive approach to climate commitments, aligning with industry standards for sustainability and carbon management.
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| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Scope 1 | 6,316,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - |
| 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.
Socar Aqs 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.
