Tethys Oil Sustainability Profile
Tethys Oil AB, commonly referred to as Tethys Oil, is a prominent player in the oil and gas industry, headquartered in Sweden (SE). Founded in 2001, the company has established a strong operational presence in the Middle East, particularly in Oman, where it focuses on exploration and production activities. Tethys Oil is renowned for its commitment to sustainable practices and efficient resource management, setting it apart in a competitive market. The company’s core services include the exploration, development, and production of oil, with a notable emphasis on maximising recovery from existing fields. With a solid track record of successful projects and a strategic approach to asset management, Tethys Oil has positioned itself as a reliable and innovative entity within the energy sector, continually striving for excellence in its operations.
DitchCarbon Score
How does Tethys Oil'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 Crude Oil Extraction 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
Tethys Oil's score of 41 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tethys Oil's reported carbon emissions
In 2024, Tethys Oil, headquartered in Sweden (SE), reported total carbon emissions of approximately 503,229,000 kg CO2e. This figure includes Scope 1 emissions of about 2,888,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 79,000 kg CO2e. The majority of their emissions, about 1,281,240,000 kg CO2e, fall under Scope 3, which encompasses emissions from the use of sold products and other upstream and downstream activities. In comparison, the 2023 emissions were slightly lower at approximately 508,967,000 kg CO2e, with Scope 1 emissions at about 440,000 kg CO2e and Scope 2 emissions at around 70,000 kg CO2e. The Scope 3 emissions for that year were approximately 1,290,569,000 kg CO2e. Tethys Oil has set significant climate commitments, aiming for "no routine flaring" by 2030, which applies to both Scope 1 and Scope 2 emissions. This initiative is part of their near-term net-zero strategy, with a target year of 2024 for the implementation of these commitments. The emissions data is cascaded from Tethys Oil AB (publ), reflecting their corporate family relationship. The company has disclosed emissions across all three scopes, demonstrating transparency in their climate impact reporting.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 126,846,000 | 000,000,000 | 000,000,000 | 00,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 2 | - | - | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Tethys Oil's Industry?
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Tethys Oil's Scope 3 Categories Breakdown
Tethys Oil's Scope 3 emissions, which decreased by 1% last year and increased by approximately 251% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 15% of Scope 3 emissions.
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Tethys Oil'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.
Tethys Oil 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.
