Seplat Energy
Seplat Energy Plc, a leading independent energy company, is headquartered in Nigeria (NG) and operates primarily in the oil and gas sector. Founded in 2009, Seplat has established itself as a key player in the Nigerian energy landscape, focusing on exploration, production, and distribution of hydrocarbons. The company’s major operational regions include the Niger Delta, where it has made significant strides in enhancing production capabilities. Seplat Energy is renowned for its commitment to sustainable practices and innovative solutions, offering a diverse range of services that include upstream oil and gas exploration and production, as well as gas processing and distribution. With a strong market position, Seplat has achieved notable milestones, including strategic partnerships and expansions that underscore its role in driving energy security in Nigeria.
DitchCarbon Score
How does Seplat Energy'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 Services Auxiliary to Financial Intermediation 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
Seplat Energy's score of 40 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Seplat Energy's reported carbon emissions
In 2023, Seplat Energy, headquartered in Nigeria (NG), reported significant carbon emissions totalling approximately 15,000,000,000 kg CO2e across all scopes. This includes about 565,423,800 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and approximately 1,320,700 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Notably, Scope 3 emissions accounted for a substantial 14,915,000,000 kg CO2e, reflecting the emissions from the entire value chain. In comparison, the previous year, 2022, Seplat Energy's emissions were significantly higher, with Scope 1 emissions at approximately 1,120,000,000 kg CO2e, Scope 2 at about 972,000,000 kg CO2e, and Scope 3 at around 8,788,000,000 kg CO2e. This indicates a potential shift in operational efficiency or changes in production practices. Despite these figures, Seplat Energy has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi (Science Based Targets initiative) commitments. The company’s climate strategy appears to be in its early stages, with no formal climate pledges or reduction initiatives disclosed. Overall, while Seplat Energy's emissions data reflects a significant carbon footprint, the lack of defined reduction strategies highlights an area for potential growth in their sustainability efforts.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,422,396,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 2 | 772,000 | 000,000 | 000,000 | 000,000,000 | 0,000,000 |
| Scope 3 | 10,723,000 | 0,000,000 | 0,000,000 | 0,000,000,000 | 00,000,000,000 |
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.
Seplat Energy 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.
