Santos

Santos, an Australian-headquartered Gas/Diesel Oil company, reported its latest available emissions for 2025 as follows: Scope 1 emissions were approximately 3.61 billion kg CO2e, Scope 2 emissions were around 790 million kg CO2e, and Scope 3 emissions totalled approximately 29.7 billion kg CO2e. The Scope 3 emissions for 2025 included about 20.8 billion kg CO2e from the use of sold products, 4.3 billion kg CO2e from the processing of sold products, and 3.3 billion kg CO2e from purchased goods and services.

Looking back, in 2024, Santos's Scope 1 emissions were approximately 4.44 billion kg CO2e, Scope 2 emissions were about 800 million kg CO2e, and Scope 3 emissions were around 29.9 billion kg CO2e. For 2023, Scope 1 emissions stood at approximately 5.5 billion kg CO2e, Scope 2 emissions at about 600 million kg CO2e, and Scope 3 emissions at approximately 33 billion kg CO2e.

Santos has committed to achieving net-zero Scope 1 and Scope 2 emissions by 2040. Additionally, the company aims for a 30% reduction in Scope 1 and Scope 2 emissions (equity share) by 2030, using a 2023 baseline. These targets are based on direct company disclosures.

While Santos does have Science-Based Targets initiative (SBTi) commitments, these are associated with "Sto NV", a Small or Medium Enterprise in Belgium within the Construction Materials sector. Sto NV, not Santos, commits to reducing Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2021 base year, and to measure and reduce its Scope 3 emissions. This target was approved via a streamlined validation route for SMEs. All disclosed data comes directly from Santos Limited, as there is no cascading from a parent or related organisation.