Equinor

Equinor, headquartered in Norway and operating in crude petroleum and related services, aims to be a net-zero company by 2050.

In 2023, Equinor reported total Scope 1 emissions of approximately 11.5 billion kg CO2e, Scope 2 market-based emissions of about 3.1 billion kg CO2e, and Scope 3 emissions including business travel of 90 million kg CO2e and use of sold products of 250 billion kg CO2e. This contrasts with 2022 figures, where Scope 1 emissions were approximately 11.4 billion kg CO2e, Scope 2 market-based emissions were about 2.5 billion kg CO2e, and Scope 3 emissions included business travel of 50 million kg CO2e and use of sold products of 243 billion kg CO2e. For 2025, Equinor's Scope 1 and 2 emissions are estimated at approximately 10.1 billion kg CO2e (total) and 14 billion kg CO2e (market-based).

Equinor has committed to several climate targets:

• A 50% net reduction in operated (Scope 1 and 2) emissions by 2030, compared to 2015 levels. As of late 2024, they have reduced these emissions by 34% against their 2015 baseline.
• An ambition to reduce the net carbon intensity of the energy they provide by 15-20% by 2030, and by 30-40% by 2035, both compared to 2019 levels (Scope 3 downstream). This is part of their pathway to achieving net-zero by 2050 across all scopes.