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 38 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Vital Energy's reported carbon emissions
In 2023, Vital Energy reported total carbon emissions of approximately 27,348,482,000 kg CO2e, with emissions distributed across various scopes: 663,046,000 kg CO2e from Scope 1, 203,376,000 kg CO2e from Scope 2, and 27,348,482,000 kg CO2e from Scope 3. This represents a significant increase in emissions compared to previous years, particularly in Scope 3 emissions, which have consistently been the largest contributor to their overall carbon footprint. In 2022, the company recorded emissions of about 15,524,955,000 kg CO2e, with Scope 1 emissions at 452,106,000 kg CO2e and Scope 2 emissions at 70,574,000 kg CO2e. The trend indicates a growing reliance on activities that contribute to higher Scope 3 emissions, which include those from purchased goods and services. Vital Energy has committed to achieving net-zero emissions by 2050, as part of their long-term climate strategy. This commitment encompasses all scopes of emissions, aligning with the Science Based Targets initiative (SBTi) guidelines. The company is currently in the process of implementing strategies to reduce emissions across its operations, although specific near-term reduction targets have not been disclosed. Overall, Vital Energy's emissions data highlights the challenges faced in reducing carbon footprints, particularly in the context of increasing operational activities. The company's commitment to net-zero by 2050 reflects a proactive approach to addressing climate change and aligns with industry standards for sustainability.
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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 committed to some 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.
