Ring Energy

Ring Energy's reported carbon emissions

In 2023, Ring Energy, headquartered in the US, reported total carbon emissions of approximately 193.6 million kg CO2e. This figure includes 111.9 million kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and 81.6 million kg CO2e from Scope 2 emissions, associated with purchased electricity. Notably, there is no reported data for Scope 3 emissions, which typically encompass indirect emissions from the value chain. Comparatively, in 2022, Ring Energy's total emissions were approximately 335.3 million kg CO2e, with Scope 1 emissions at 272.4 million kg CO2e and Scope 2 emissions at 62.8 million kg CO2e. This indicates a significant reduction in total emissions from 2022 to 2023, reflecting the company's efforts to improve its environmental performance. Despite these reductions, Ring Energy has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company continues to focus on its operational emissions without publicly committing to broader climate pledges. Overall, while Ring Energy has made strides in reducing its carbon footprint, the lack of formal reduction targets suggests an opportunity for further commitment to climate action in the future.