Pharos Energy
Pharos Energy, a prominent player in the oil and gas industry, is headquartered in Great Britain and operates primarily in the North Sea and Southeast Asia. Founded in 2018, the company has quickly established itself as a key independent exploration and production firm, focusing on the development of oil and gas resources in underexplored regions. With a commitment to sustainable practices, Pharos Energy offers a range of services, including exploration, production, and asset management. Their unique approach combines innovative technology with a strong emphasis on environmental responsibility, setting them apart in a competitive market. Recognised for their strategic acquisitions and operational efficiency, Pharos Energy continues to strengthen its market position, aiming to deliver long-term value to stakeholders while contributing to the energy transition.
DitchCarbon Score
How does Pharos 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
Pharos Energy's score of 20 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pharos Energy's reported carbon emissions
In 2023, Pharos Energy reported total carbon emissions of approximately 86094000 kg CO2e from Scope 1 and 40000 kg CO2e from Scope 2, while Scope 3 emissions were significantly higher at about 747978000 kg CO2e. The breakdown of Scope 3 emissions includes 271000 kg CO2e from business travel, 746429000 kg CO2e from the use of sold products, and 1278000 kg CO2e from upstream transportation and distribution. Comparatively, in 2022, the company recorded Scope 1 emissions of about 104881000 kg CO2e and Scope 2 emissions of 38000 kg CO2e, with no reported Scope 3 emissions. In 2021, Scope 1 emissions were approximately 107023000 kg CO2e, and Scope 2 emissions were 37000 kg CO2e, again with no Scope 3 data disclosed. Pharos Energy has not set specific reduction targets or initiatives as part of their climate commitments, indicating a potential area for future focus. The company operates within the mineral fuels and oils sector, which is under increasing scrutiny for its environmental impact, highlighting the importance of transparent emissions reporting and proactive climate strategies.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 115,294,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 48,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | - | - | - | 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.
Pharos 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.
