Suncor Energy Sustainability Profile
Suncor Energy Inc., a leading integrated energy company headquartered in Calgary, Canada, has been a pivotal player in the oil and gas industry since its founding in 1919. With a strong presence in Canada’s oil sands, Suncor operates major facilities in Alberta and has expanded its reach into renewable energy sectors, reflecting its commitment to sustainability. The company’s core business areas include oil sands development, refining, and marketing of petroleum products, alongside a growing portfolio in renewable energy. Suncor is renowned for its innovative approaches to resource extraction and environmental stewardship, positioning itself as a market leader in the transition to cleaner energy solutions. Notable achievements include its significant contributions to Canada’s energy landscape and ongoing investments in technology to enhance operational efficiency and reduce greenhouse gas emissions.
DitchCarbon Score
How does Suncor 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 Petroleum Products 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
Suncor Energy's score of 37 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Suncor Energy's reported carbon emissions
In 2022, Suncor Energy reported total greenhouse gas (GHG) emissions of approximately 33,520,000,000 kg CO2e, comprising 33,520,000,000 kg CO2e from Scope 1 and 1,450,000,000 kg CO2e from Scope 2 emissions, resulting in a combined total of 34,960,000,000 kg CO2e for Scope 1 and 2. The company has not disclosed any Scope 3 emissions data for 2022. Suncor's emissions have shown fluctuations over the years, with 2021 emissions recorded at approximately 27,760,000,000 kg CO2e for Scope 1 and 1,398,000,000 kg CO2e for Scope 2, alongside significant Scope 3 emissions of about 127,600,000,000 kg CO2e. In 2020, the company reported similar figures, with Scope 1 emissions at approximately 19,565,000,000 kg CO2e and Scope 2 emissions at 1,292,000,000 kg CO2e, while Scope 3 emissions were around 122,900,000,000 kg CO2e. Despite the lack of specific reduction targets or commitments disclosed in the provided data, Suncor Energy is actively engaged in climate initiatives and has participated in various sustainability frameworks, including the Carbon Disclosure Project (CDP) and Climate Action 100+. However, no specific science-based targets (SBTi) or documented reduction initiatives were mentioned. Suncor's headquarters is located in Canada, and the company continues to navigate the complexities of emissions reporting and climate commitments within the energy sector.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 0,000,000,000 | - | - | - | - | 000,000,000,000 | 000,000,000,000 | - |
How Carbon Intensive is Suncor Energy's Industry?
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Suncor 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.
Suncor Energy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
