Vital Energy Sustainability Profile
Vital Energy, headquartered in the United States, is a leading player in the renewable energy sector, specialising in innovative energy solutions. Founded in 2001, the company has made significant strides in the industry, focusing on sustainable energy production and distribution across major operational regions in North America. With a commitment to clean energy, Vital Energy offers a range of core services, including solar power installations and energy efficiency consulting. Their unique approach combines cutting-edge technology with a customer-centric philosophy, setting them apart in a competitive market. Recognised for their contributions to sustainability, Vital Energy has achieved notable milestones, solidifying their position as a trusted name in the renewable energy landscape.
DitchCarbon Score
How does Vital Energy'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 Research Services 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
Vital Energy's score of 43 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vital Energy's reported carbon emissions
In 2023, Vital Energy, headquartered in the US, reported significant carbon emissions across various scopes. The total emissions were approximately 66,304,600 kg CO2e for Scope 1, 226,974,000 kg CO2e for Scope 2 (market-based), and a substantial 27,348,482,000 kg CO2e for Scope 3. This data reflects a comprehensive approach to emissions reporting, with disclosures for all three scopes. Vital Energy has made notable strides in reducing its carbon footprint. The company achieved a 59% reduction in Scope 1 GHG emissions intensity, lowering it to below 12.5 mtCO2e/MBOE by 2022, based on a 2019 baseline. This target was reaffirmed with a commitment to maintain this intensity level through 2025. Additionally, a similar 65% reduction target for Scope 2 emissions intensity was also achieved by 2022. Looking ahead, Vital Energy has committed to long-term net-zero targets, aligning with the Science Based Targets initiative (SBTi) to address emissions across all scopes by 2050. This commitment underscores the company's dedication to sustainable practices and climate resilience. Overall, Vital Energy's emissions data and reduction initiatives illustrate a proactive stance in tackling climate change, with a clear focus on achieving significant reductions in greenhouse gas emissions.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,070,077,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 20,288,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 14,572,966,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Vital Energy's Industry?
How Carbon Intensive is Vital Energy's Location?
Vital Energy'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.
Vital Energy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Vital Energy's sustainability data and climate commitments