Summit Midstream Corp Sustainability Profile
Summit Midstream Corporation, commonly referred to as Summit Midstream, is a prominent player in the midstream energy sector, headquartered in the United States. Founded in 2012, the company has established a strong presence in key operational regions, including the Bakken Shale and the Appalachian Basin. Specialising in natural gas gathering and processing, Summit Midstream offers unique services that enhance the efficiency of energy transportation and distribution. The company is recognised for its commitment to operational excellence and safety, positioning itself as a reliable partner in the energy supply chain. With a focus on sustainable practices and innovative solutions, Summit Midstream has achieved significant milestones, solidifying its reputation as a leader in the midstream industry.
DitchCarbon Score
How does Summit Midstream Corp'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
Summit Midstream Corp's score of 10 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Summit Midstream Corp's reported carbon emissions
In 2023, Summit Midstream Corp reported total carbon emissions of approximately 484,680,120 kg CO2e for Scope 1 and about 127,704,950 kg CO2e for Scope 2. This reflects a significant increase in emissions compared to 2022, where Scope 1 emissions were approximately 383,295,840 kg CO2e and Scope 2 emissions were about 154,128,970 kg CO2e. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Over the past few years, emissions have fluctuated, with 2021 emissions at approximately 425,192,600 kg CO2e for Scope 1 and about 152,925,830 kg CO2e for Scope 2, and 2020 emissions at approximately 444,792,800 kg CO2e for Scope 1 and about 165,125,560 kg CO2e for Scope 2. Despite these figures, Summit Midstream Corp has not established any specific reduction targets or initiatives, nor have they committed to any climate pledges or SBTi targets. This lack of formal commitments may reflect broader industry trends where companies are increasingly scrutinised for their climate impact and sustainability practices. Overall, while Summit Midstream Corp has made strides in emissions reporting, the absence of reduction targets and initiatives suggests an opportunity for enhanced climate action and accountability in the future.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 262,664,500 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Summit Midstream Corp's Industry?
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Summit Midstream Corp'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.
Summit Midstream Corp 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.
