Valaris
Valaris Limited, a leading provider in the offshore drilling industry, is headquartered in Great Britain and operates extensively across key regions including the North Sea, the Gulf of Mexico, and the Middle East. Founded in 2019 through the merger of Ensco and Rowan Companies, Valaris has quickly established itself as a formidable player in the market, boasting a diverse fleet of advanced drilling rigs. Specialising in both shallow and deep-water drilling services, Valaris is recognised for its commitment to safety, efficiency, and environmental stewardship. The company’s innovative approach to drilling technology and operational excellence has garnered numerous accolades, solidifying its position as a trusted partner in the energy sector. With a focus on delivering tailored solutions, Valaris continues to set benchmarks in the industry, driving progress and sustainability in offshore drilling.
DitchCarbon Score
How does Valaris'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
Valaris's score of 4 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Valaris's reported carbon emissions
In 2023, Valaris reported total carbon emissions of approximately 2,000,000,000 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 703,674,000 kg CO2e, while Scope 2 emissions totalled approximately 13,704,000 kg CO2e. The most significant contribution came from Scope 3 emissions, which reached approximately 1,572,342,000 kg CO2e, highlighting the substantial impact of their supply chain and operational activities. Over the years, Valaris has shown a trend of fluctuating emissions. In 2022, total emissions were about 1,636,000,000 kg CO2e, with Scope 1 at approximately 628,597,000 kg CO2e and Scope 2 at around 13,951,000 kg CO2e. The previous year, 2021, saw total emissions of about 1,179,000,000 kg CO2e, with Scope 1 emissions at approximately 540,639,000 kg CO2e. Despite these figures, Valaris has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of defined targets suggests that while the company is aware of its emissions profile, it may not yet have committed to formalised reduction strategies. As the industry increasingly focuses on sustainability, Valaris's future commitments will be crucial in addressing its carbon footprint and aligning with global climate goals.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 970,569,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 14,489,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 51,627,000 | 00,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
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.
Valaris is not committed to any reduction initiatives 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.
