Vital Energy
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 72% 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 reported significant carbon emissions, totalling 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 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes. Vital Energy has made notable strides in reducing its emissions intensity. The company achieved a 59% reduction in Scope 1 GHG emissions intensity, bringing it below 12.5 mtCO2e/MBOE, a target set for 2025, which was successfully met in 2022. Similarly, the Scope 2 GHG emissions intensity target of below 12.5 mtCO2e/MBOE was also achieved in 2022, with a 65% reduction from the 2019 baseline. Looking ahead, Vital Energy is committed to long-term climate goals, including a net-zero target by 2050, as part of its Science Based Targets initiative (SBTi) commitments. This commitment encompasses all scopes of emissions, demonstrating a robust strategy towards climate action. Overall, Vital Energy's emissions data and reduction initiatives reflect a proactive stance in addressing climate change, with significant achievements in emissions intensity reductions and a clear commitment to future sustainability goals.
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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 |
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.
Vital Energy is participating in some of the initiatives that 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.
