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Tullow Oil plc, a prominent player in the chemical and fertilizer minerals sector, is headquartered in Great Britain. Founded in 1985, the company has established itself as a key operator in the mining and quarrying industry, focusing on oil and gas exploration and production across various regions, including West Africa and South America.
Specialising in the extraction of oil and gas, Tullow Oil is recognised for its innovative approaches to resource management and sustainable practices. The company has achieved significant milestones, including successful exploration campaigns that have bolstered its market position. With a commitment to operational excellence and environmental stewardship, Tullow Oil continues to be a leader in the industry, delivering unique solutions that meet the evolving needs of its clients and stakeholders.
+27 vs industry average
Tullow Oil’s score of 46 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Salt and Mineral Mining is among the most carbon-intensive industries
The Salt and Mineral Mining industry has reduced its overall emissions by 42% since 2018
Scope 3 accounts for ••• of total emissions.
Tullow Oil, headquartered in GB and operating within the mining and quarrying sector, has reported its carbon emissions for several years. For the reporting year 2024, the company's total emissions were approximately 10.5 million kg CO2e. This includes Scope 1 emissions of about 2.1 million kg CO2e, Scope 2 emissions of approximately 1,030 kg CO2e, and Scope 3 emissions totalling around 8.4 million kg CO2e. In the previous year, 2023, total emissions were approximately 11.7 million kg CO2e, comprising 2.3 million kg CO2e for Scope 1, 870 kg CO2e for Scope 2, and 9.4 million kg CO2e for Scope 3.
Looking at historical data, in 2022, Tullow Oil reported total emissions of about 8.9 million kg CO2e, with Scope 1 at approximately 2.3 million kg CO2e, Scope 2 at around 810 kg CO2e, and Scope 3 at about 6.7 million kg CO2e. Prior to this, in 2021, total emissions were significantly higher, at approximately 3.1 billion kg CO2e, with Scope 1 accounting for about 2.2 billion kg CO2e, Scope 2 for approximately 530,000 kg CO2e, and Scope 3 for around 892 million kg CO2e.
Tullow Oil has set several climate commitments. The company aims to achieve Net Zero on its Scope 1 and 2 emissions by 2030, on a net equity basis. Furthermore, they are prioritising the elimination of routine flaring at their Jubilee and TEN fields, a measure expected to reduce greenhouse gas emissions by at least 40% by 2025, relative to a 2020 baseline, on a net equity basis. This commitment extends to both Scope 1 and Scope 2 emissions reductions.
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2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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No scope 3 category breakdown has been disclosed yet.
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