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 95% 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, 203,376,000 kg CO2e for Scope 2, and a substantial 27,348,482,000 kg CO2e for Scope 3 emissions. This data highlights the company's extensive carbon footprint, particularly in Scope 3, which encompasses emissions from the entire value chain. Vital Energy has made notable strides in reducing its emissions intensity. The company achieved a 59% reduction in Scope 1 GHG emissions intensity from a 2019 baseline, reaching below 12.5 mtCO2e per MBOE by 2022. This target was reaffirmed with a commitment to maintain this intensity level through 2025. Additionally, a similar reduction target for Scope 2 emissions intensity was also achieved, reflecting a 65% reduction from the same baseline. Looking ahead, Vital Energy has committed to long-term climate goals, including a net-zero target by 2050, aligning with the Science Based Targets initiative (SBTi). This commitment underscores the company's dedication to addressing climate change and reducing its overall carbon emissions across all scopes.
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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.
