Valaris
Valaris Limited, a leading provider in the offshore drilling industry, is headquartered in Great Britain and operates extensively across key regions including the North Sea, the Gulf of Mexico, and the Middle East. Founded in 2019 through the merger of Ensco and Rowan Companies, Valaris has quickly established itself as a formidable player in the market, boasting a diverse fleet of advanced drilling rigs. Specialising in both shallow and deep-water drilling services, Valaris is recognised for its commitment to safety, efficiency, and environmental stewardship. The company’s innovative approach to drilling technology and operational excellence has garnered numerous accolades, solidifying its position as a trusted partner in the energy sector. With a focus on delivering tailored solutions, Valaris continues to set benchmarks in the industry, driving progress and sustainability in offshore drilling.
DitchCarbon Score
How does Valaris'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
Valaris's score of 13 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Valaris's reported carbon emissions
In 2023, Valaris reported total carbon emissions of approximately 1,572,342,000 kg CO2e. This figure includes 703,674,000 kg CO2e from Scope 1 emissions, 13,704,000 kg CO2e from Scope 2 emissions, and a significant 1,572,342,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions are notably high, with contributions from various categories, including 860,993,000 kg CO2e from purchased goods and services and 518,214,000 kg CO2e from capital goods. Over the years, Valaris has shown a trend in emissions reduction, with total emissions decreasing from approximately 998,771,000 kg CO2e in 2019 to 736,491,000 kg CO2e in 2020, and further to 553,722,000 kg CO2e in 2021. However, emissions increased again in 2022 to 904,399,000 kg CO2e, indicating fluctuations in their carbon footprint. Despite these figures, Valaris has not publicly committed to specific reduction targets or initiatives, as there are no documented reduction targets or climate pledges available. The company operates within the global energy sector, which is under increasing scrutiny for its environmental impact, making it essential for Valaris to enhance its climate commitments moving forward.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 970,569,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 14,489,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 51,627,000 | 00,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
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.
Valaris 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.
