Synova
Synova, officially known as Synova Oil, is a leading player in the oil and gas industry, headquartered in the United States. Founded in 2006, the company has established itself as a pioneer in advanced hydrocarbon recovery technologies, focusing on enhancing oil extraction processes while minimising environmental impact. With operations spanning key regions across North America, Synova is renowned for its innovative Synova Thermal Enhanced Oil Recovery (TEOR) technology, which sets it apart from traditional methods. This unique approach not only improves efficiency but also significantly reduces greenhouse gas emissions. Recognised for its commitment to sustainability and operational excellence, Synova continues to strengthen its market position, contributing to the evolution of energy production in a responsible manner.
DitchCarbon Score
How does Synova'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 Baked Goods 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
Synova's score of 3 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Synova's reported carbon emissions
As of the latest available data, Synova has reported its greenhouse gas emissions for the years 2015 to 2021, focusing on Scope 1 and 2 emissions related to its upstream oil and gas activities. The intensity of these emissions has shown a gradual decrease over the years. In 2015, the intensity was approximately 0.021 kg CO2e per barrel of oil equivalent (boe), which reduced to about 0.019 kg CO2e/boe in 2019 and further decreased to about 0.018 kg CO2e/boe in 2020. The intensity remained at approximately 0.019 kg CO2e/boe in 2021. Despite these reductions in emission intensity, Synova has not disclosed specific absolute emissions figures or formal reduction targets, such as those aligned with the Science Based Targets initiative (SBTi). The absence of documented reduction initiatives or climate pledges indicates that while the company is making progress in reducing its emissions intensity, it may not have set formal commitments or targets for overall emissions reduction. Overall, Synova's commitment to reducing its carbon footprint is evident through its decreasing emissions intensity, but further transparency regarding absolute emissions and specific reduction targets would enhance its climate commitment profile.
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.
Synova is not committed to any 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.
