Santos
Santos Limited, commonly referred to as Santos, is a leading Australian oil and gas exploration and production company headquartered in Adelaide, South Australia. Founded in 1954, Santos has established itself as a key player in the energy sector, with significant operations across Australia and in regions such as Papua New Guinea and the Timor Sea. The company focuses on the exploration, development, and production of natural gas and oil, with a strong emphasis on sustainable practices and innovation. Santos is renowned for its core products, including liquefied natural gas (LNG) and domestic gas supply, which are pivotal in meeting both local and international energy demands. With a commitment to reducing carbon emissions and advancing renewable energy initiatives, Santos has positioned itself as a forward-thinking leader in the industry, achieving notable milestones in project development and environmental stewardship.
DitchCarbon Score
How does Santos'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 Gas/Diesel Oil 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
Santos's score of 26 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Santos's reported carbon emissions
In 2023, Santos reported total carbon emissions of approximately 56,600 kg CO2e globally, with specific emissions of 3,380 kg CO2e in Australia and 1,190 kg CO2e in Papua New Guinea (PNG). The breakdown of emissions includes 5,660 kg CO2e from Scope 1, 530 kg CO2e from Scope 2, and a significant 32,700 kg CO2e from Scope 3 emissions, which primarily arise from the use of sold products (21,800 kg CO2e) and processing of sold products (5,500 kg CO2e). Santos has set ambitious climate commitments, aiming for net-zero emissions for both Scope 1 and Scope 2 by 2040. This target is part of their long-term strategy, with plans initiated in 2023. Additionally, they have committed to reducing Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030 from a 2021 baseline, as validated by the Science Based Targets initiative (SBTi). This commitment reflects their proactive approach to addressing climate change and aligns with global efforts to limit warming to 1.5°C. Santos's emissions data and climate targets are sourced from Santos Limited, ensuring a consistent and transparent reporting framework. The company is on track to meet its near-term targets, demonstrating a commitment to sustainability and responsible environmental stewardship.
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| 2012 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000 | 0,000 |
| Scope 2 | 37,796,000 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000 | 000 |
| Scope 3 | - | - | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000 | 00,000 |
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.
Santos is participating in some 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.
