Ithaca Energy
Ithaca Energy, a prominent player in the UK oil and gas sector, is headquartered in Great Britain and operates primarily in the North Sea region. Founded in 2004, the company has established itself as a key independent oil and gas producer, focusing on exploration, development, and production activities. Ithaca Energy is renowned for its diverse portfolio of assets, including both operated and non-operated fields, which enhances its operational flexibility and market resilience. The company’s commitment to sustainable practices and innovative technologies sets it apart in a competitive landscape. With a strong market position, Ithaca Energy has achieved significant milestones, including successful acquisitions and expansions that bolster its production capabilities. As it continues to navigate the evolving energy landscape, Ithaca Energy remains dedicated to delivering value while prioritising environmental stewardship.
DitchCarbon Score
How does Ithaca 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
Ithaca Energy's score of 13 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ithaca Energy's reported carbon emissions
In 2023, Ithaca Energy reported total carbon emissions of approximately 435,522,000 kg CO2e from Scope 1 sources, which include direct emissions from mobile and stationary combustion. Specifically, mobile combustion accounted for about 323,655,000 kg CO2e, while stationary combustion contributed approximately 74,696,000 kg CO2e. Additionally, Scope 2 emissions were reported at about 270,000 kg CO2e. Comparatively, in 2022, Ithaca Energy's Scope 1 emissions were approximately 482,647,000 kg CO2e, with Scope 2 emissions at about 678,000 kg CO2e. This indicates a reduction in Scope 1 emissions of about 47,125,000 kg CO2e from 2022 to 2023, showcasing a positive trend in their emissions management. Ithaca Energy does not currently disclose Scope 3 emissions data, which typically includes indirect emissions from the value chain. Furthermore, there are no specific reduction targets or climate pledges documented, indicating a potential area for future commitment. It is important to note that the emissions data is cascaded from Ithaca Energy plc, which is a current subsidiary of Delek Group Ltd. This relationship may influence their overall emissions strategy and reporting practices.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | - |
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.
Ithaca 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.
