Cenovus Energy
Sustainability Report and Carbon Intensity Rankings
Is Cenovus Energy doing their part?
Their DitchCarbon score is 31
Cenovus Energy has a DitchCarbon Score of 31 out of 100, indicating a lower performance in sustainability measures. This score suggests that the company has a relatively high carbon intensity compared to more sustainable peers. Efforts to reduce emissions and improve sustainability practices are necessary for Cenovus Energy to increase its score.
This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.
Industry emissions intensity
Very low
Low
Medium
High
Very high
Cenovus Energy operates in the energy generation and distribution industry, which has a carbon intensity ranking of high. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.
Location emissions intensity
Very low
Low
Medium
High
Very high
Cenovus Energy, located in Canada, benefits from the country’s very low carbon intensity rating. This favorable environmental context supports the company’s sustainability efforts by reducing its overall carbon footprint.
Unlock 30+ emissions data points on Cenovus Energy
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– Historical Scope 1, 2 and 3 emissions
– Coverage of all industries, product level data
– Emissions forecasting, assurances
Unlock 30+ emissions data points on Cenovus Energy
Get the emissions intelligence you need, no surveys required.
– Historical Scope 1, 2 and 3 emissions
– Coverage of all industries, product level data
– Emissions forecasting, assurances
0.56%
...this company is doing 0.56% better in emissions than the industry average.
Cenovus Energy, founded in 2009, is a prominent player in the energy generation and distribution industry, headquartered in Calgary, Canada. The company specializes in the development of oil sands projects in northern Alberta, employing advanced methods for oil extraction, and manages natural gas and oil production across Alberta, British Columbia, and Saskatchewan. Additionally, Cenovus Energy holds a 50 percent stake in two U.S. refineries, expanding its footprint in the North American energy market.
emission intelligence's platform recommendations for Cenovus Energy
Cenovus Energy should focus on creating products that have an extended lifespan to reduce emissions associated with their use, which could potentially lower their emissions by 15%.
Good news, Cenovus Energy has embraced SBTi commitments
Cenovus Energy has established targets to significantly reduce greenhouse gas emissions from their operations, aligning with the global goal to limit warming to 1.5°C. These commitments encompass direct emissions and indirect emissions from purchased energy, known as scope 1 and scope 2 respectively.
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Our methodology
Read about our emission calculation methodologies, and what the DitchCarbon Score means.
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