Romgaz
Romgaz S.A., headquartered in Romania, is a leading player in the natural gas and energy sector, primarily operating in the exploration, production, and supply of natural gas. Founded in 1909, the company has established itself as a cornerstone of Romania's energy landscape, with significant operations in key regions across the country. Specialising in the extraction and processing of natural gas, Romgaz offers unique services that include underground gas storage and electricity production. The company is recognised for its commitment to innovation and sustainability, positioning itself as a reliable energy provider in the region. With a strong market presence, Romgaz has achieved notable milestones, including significant contributions to Romania's energy independence and security.
DitchCarbon Score
How does Romgaz'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 Natural Gas Liquids 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
Romgaz's score of 25 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Romgaz's reported carbon emissions
In 2023, Romgaz reported total carbon emissions of approximately 10,000,000,000 kg CO2e, with emissions distributed across various scopes: 908,008,440 kg CO2e from Scope 1, 12,762,420 kg CO2e from Scope 2, and a significant 9,770,251,000 kg CO2e from Scope 3. This marks a notable increase in emissions compared to 2022, where total emissions were about 10,264,724,000 kg CO2e, with Scope 1 emissions at 1,020,738,130 kg CO2e and Scope 2 at 7,693,990 kg CO2e. Romgaz has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate pledges or SBTi (Science Based Targets initiative) commitments suggests that the company may be in the early stages of developing a comprehensive climate strategy. Overall, while Romgaz's emissions data reflects substantial figures, the lack of clear reduction targets indicates a potential area for improvement in their climate commitments.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,024,682,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 2 | 458,000,000 | 000,000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Romgaz is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
