Serica Energy Sustainability Profile
Serica Energy plc, a prominent player in the oil and gas industry, is headquartered in Great Britain. Founded in 2004, the company has established itself as a key operator in the North Sea, focusing on exploration, development, and production of hydrocarbons. With a commitment to sustainable practices, Serica Energy offers a unique portfolio of assets, including the producing fields of Erskine, Kambuna, and the recently acquired Rhum field. Renowned for its operational efficiency and innovative approaches, Serica Energy has achieved significant milestones, including successful drilling campaigns and strategic acquisitions that bolster its market position. The company is dedicated to maximising value while minimising environmental impact, making it a noteworthy entity in the energy sector.
DitchCarbon Score
How does Serica 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 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
Serica Energy's score of 18 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Serica Energy's reported carbon emissions
In 2024, Serica Energy reported total carbon emissions of approximately 5,426,872,000 kg CO2e, with emissions distributed across various scopes: Scope 1 emissions were about 211,219,000 kg CO2e, Scope 2 emissions were approximately 30,000 kg CO2e, and Scope 3 emissions included significant contributions from the use of sold products (about 5,062,973,000 kg CO2e) and investments (approximately 133,703,000 kg CO2e). Serica Energy is committed to substantial emissions reductions as part of the North Sea Transition Deal, which aims for a 10% reduction in absolute emissions by 2025, 25% by 2027, and 50% by 2030, ultimately achieving Net Zero by 2050 from a 2018 baseline. This commitment reflects the company's alignment with industry standards and climate action initiatives. In 2020, Serica achieved a 15% reduction in total CO2 emissions, partly due to a 45% reduction in gas flaring. The company continues to focus on reducing its carbon footprint across all scopes, demonstrating a proactive approach to climate commitments and sustainability in the oil and gas sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 204,648,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 16,054 | 00,000 | - | - | 00,000 |
| Scope 3 | 21,808,000 | 000,000,000 | - | - | - |
How Carbon Intensive is Serica Energy's Industry?
How Carbon Intensive is Serica Energy's Location?
Serica Energy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Serica Energy has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
