Cenovus Energy
Cenovus Energy Inc., a prominent player in the Canadian oil and gas sector, is headquartered in Calgary, Alberta. Founded in 2009, the company has rapidly established itself as a leader in the exploration, production, and refining of oil and natural gas, with significant operations in Alberta and Saskatchewan. Cenovus is particularly known for its innovative approaches to oil sands development and its commitment to sustainable practices. The company’s core offerings include crude oil, natural gas, and refined products, distinguished by their focus on efficiency and environmental stewardship. Cenovus has achieved notable milestones, including advancements in carbon capture technology, positioning itself as a forward-thinking entity in the energy landscape. With a strong market presence and a dedication to responsible resource management, Cenovus Energy continues to shape the future of the energy industry in Canada and beyond.
DitchCarbon Score
How does Cenovus 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 Gas/Diesel Oil 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
Cenovus Energy's score of 11 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cenovus Energy's reported carbon emissions
In 2022, Cenovus Energy reported total greenhouse gas emissions of approximately 163,000,000,000 kg CO2e for Scope 1, 1,800,000,000 kg CO2e for Scope 2, and about 143,700,000,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions was approximately 182,000,000,000 kg CO2e. Cenovus has not disclosed specific reduction targets or initiatives as part of their climate commitments. However, they have reported on their emissions intensity, with a Scope 1 GHG emissions intensity of about 45,800 kg CO2e per MBOE in 2022. The company has also indicated a commitment to sustainability, although specific pledges or targets have not been detailed in the available data. Overall, Cenovus Energy's emissions profile highlights significant Scope 3 emissions, which are primarily associated with the use of sold products, indicating a substantial impact throughout their value chain. The absence of specific reduction targets suggests a need for further clarity on their long-term climate strategy.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,657,427,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 1,079,646,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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.
Cenovus Energy is not participating in any 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.
