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 7 is lower than 87% 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 2022, Romgaz, headquartered in Romania (RO), reported significant carbon emissions totalling approximately 879,793,020 kg CO2e for Scope 1 and about 400,000 kg CO2e for Scope 2. This reflects a commitment to transparency in their emissions reporting, although no data for Scope 3 emissions was disclosed. Comparatively, in 2021, Romgaz's emissions were approximately 406,980,780 kg CO2e for Scope 1 and about 614,000 kg CO2e for Scope 2. This indicates a notable increase in Scope 1 emissions year-on-year, highlighting the need for enhanced climate strategies. Romgaz has not set specific reduction targets or initiatives as per the latest data, nor do they appear to be part of any formal climate pledges or initiatives such as the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests that while Romgaz is actively reporting its emissions, it may need to establish clearer commitments to reduce its carbon footprint in line with global climate goals. Overall, Romgaz's emissions data underscores the importance of ongoing monitoring and the potential for future climate commitments to address the challenges of carbon emissions in the energy sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Scope 1 | 1,183,984,380 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000,000,000 | 000,000,000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | - | - |
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.
