Cenovus Energy
Cenovus Energy Inc., a prominent player in the Canadian oil and gas sector, is headquartered in Calgary, Alberta. Founded in 2009, the company has rapidly established itself as a leader in the exploration, production, and refining of oil and natural gas, with significant operations in Alberta and Saskatchewan. Cenovus is particularly known for its innovative approaches to oil sands development and its commitment to sustainable practices. The company’s core offerings include crude oil, natural gas, and refined products, distinguished by their focus on efficiency and environmental stewardship. Cenovus has achieved notable milestones, including advancements in carbon capture technology, positioning itself as a forward-thinking entity in the energy landscape. With a strong market presence and a dedication to responsible resource management, Cenovus Energy continues to shape the future of the energy industry in Canada and beyond.
DitchCarbon Score
How does Cenovus 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
Cenovus Energy's score of 11 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cenovus Energy's reported carbon emissions
In 2022, Cenovus Energy reported total carbon emissions of approximately 18,200,000,000 kg CO2e, which includes 16,300,000,000 kg CO2e from Scope 1 emissions and 1,800,000,000 kg CO2e from Scope 2 emissions. The company also disclosed Scope 3 emissions, amounting to about 208,600,000,000 kg CO2e from the use of sold products, alongside significant contributions from purchased goods and services (9,800,000,000 kg CO2e) and fuel and energy-related activities (3,500,000,000 kg CO2e). Cenovus has not set specific reduction targets under the Science Based Targets initiative (SBTi) nor disclosed any formal climate pledges. However, the company is actively engaged in sustainability efforts, focusing on reducing greenhouse gas emissions intensity in its operations. The emissions data is not cascaded from any parent organization, indicating that the figures are independently reported by Cenovus Energy Inc. Overall, Cenovus Energy's commitment to addressing climate change is reflected in its transparency regarding emissions reporting, although specific reduction initiatives or targets have not been outlined.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,657,427,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 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 |
| Scope 3 | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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.
Cenovus Energy is not participating in any of the initiatives that 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.
