Suncor Energy Inc., a leading integrated energy company headquartered in Calgary, Canada, has been a pivotal player in the oil and gas industry since its founding in 1919. With a strong presence in Canada’s oil sands, Suncor operates major facilities in Alberta and has expanded its reach into renewable energy sectors, reflecting its commitment to sustainability.
The company’s core business areas include oil sands development, refining, and marketing of petroleum products, alongside a growing portfolio in renewable energy. Suncor is renowned for its innovative approaches to resource extraction and environmental stewardship, positioning itself as a market leader in the transition to cleaner energy solutions. Notable achievements include its significant contributions to Canada’s energy landscape and ongoing investments in technology to enhance operational efficiency and reduce greenhouse gas emissions.
+5 vs industry average
Suncor Energy’s score of 14 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Petroleum Products is among the most carbon-intensive industries
Industry performance
The Petroleum Products industry has reduced its overall emissions by 39% since 2019
Emissions trajectory 2020 – 2025
Reported emissions
Scope 3 accounts for ••• of total emissions.
Suncor Energy's reported carbon emissions
In 2022, Suncor Energy reported total carbon emissions of approximately 34.96 billion kg CO2e, comprising about 33.52 billion kg CO2e from Scope 1 emissions and approximately 1.45 billion kg CO2e from Scope 2 emissions. The company has not disclosed Scope 3 emissions data for this period. Suncor has set ambitious climate commitments, aiming for net-zero emissions by 2050. As part of its near-term objectives, the company plans to reduce greenhouse gas emissions by 10 megatonnes by 2030 across its value chain. This initiative aligns with the Pathways Alliance's proposed carbon storage hub, which is designed to facilitate significant reductions in emissions. Suncor's emissions data is sourced directly from Suncor Energy Inc., with no cascading from a parent or related organization. The company continues to focus on enhancing its sustainability practices while addressing the challenges of climate change within the energy sector.
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Suncor Energy’s Climate Goals (2030 & 2050)
1 goal2030
its net zero by 2050 objective, the Pathways Alliance's prop…
its net zero by 2050 objective, the Pathways Alliance's proposed carbon storage hub, and the company's objective to reduce greenhouse gas em…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Suncor Energy
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