Iog Sustainability Profile
Iog, officially known as IOG plc, is a prominent player in the UK energy sector, headquartered in Great Britain. Founded in 2014, the company has rapidly established itself in the oil and gas industry, focusing on the development and production of natural gas from the UK Continental Shelf. With significant operations in the Southern North Sea, Iog has achieved key milestones, including successful gas field developments that underscore its commitment to sustainable energy solutions. The company’s core offerings include the development of gas assets and innovative production techniques, setting it apart in a competitive market. Iog's strategic approach has positioned it as a notable contender in the energy landscape, with a focus on delivering reliable and efficient energy solutions while prioritising environmental responsibility.
DitchCarbon Score
How does Iog'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 Business 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
Iog's score of 38 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Iog's reported carbon emissions
In 2022, IOG plc reported total carbon emissions of approximately 1,144,000 kg CO2e, which falls under Scope 1 emissions. This figure represents a significant increase from 2021, when their Scope 1 emissions were about 239,000 kg CO2e. The total emissions for Scope 1 and 2 combined in 2022 reached approximately 1,383,000 kg CO2e globally. IOG has committed to reducing its total direct and indirect greenhouse gas emissions year-on-year, aiming for carbon neutrality by 2030. This commitment encompasses all scopes of emissions, reflecting a proactive approach to climate action. The company is on track to implement these reductions starting in 2023. As of now, IOG has not disclosed any Scope 3 emissions data, nor have they set specific Science-Based Targets Initiative (SBTi) targets. The emissions data reported is not cascaded from any parent organization, indicating that IOG is independently managing its climate commitments and emissions reporting.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 239,000 | 0,000,000 |
| Scope 2 | - | - |
| Scope 3 | - | - |
How Carbon Intensive is Iog's Industry?
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Iog's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Iog has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
