Equinor

Equinor's reported carbon emissions

As of 2023, Equinor's total carbon emissions amounted to approximately 116 billion kg CO2e, comprising 11.5 billion kg CO2e from Scope 1, 3.1 billion kg CO2e from Scope 2, and approximately 250 billion kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming for net-zero emissions by 2050. This includes a target to reduce the net carbon intensity of its energy production by 15-20% by 2030 and by 30-40% by 2035, compared to 2019 levels. Equinor is also focused on reducing its Scope 1 and 2 emissions by 50% from 2015 levels by 2030, with a significant reduction of 34% already achieved by the end of 2024. The company aims to realise 90% of this ambition through absolute emissions cuts, utilising high-quality carbon credits for any remaining emissions. Furthermore, Equinor's upstream CO2 intensity target for 2030 is set at 6 kg CO2 per barrel of oil equivalent, reflecting its commitment to carbon efficiency, which is already below the industry average. Equinor's climate strategy is supported by its leadership in carbon efficiency, with a methane intensity near zero, significantly lower than industry standards. The company's emissions data is sourced directly from Equinor ASA, ensuring accuracy and transparency in its reporting.