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Public Profile
Services Auxiliary to Financial Intermediation
NG
updated 7 days ago

Seplat Energy

Company website

Seplat Energy Plc, a leading independent energy company, is headquartered in Nigeria (NG) and operates primarily in the oil and gas sector. Founded in 2009, Seplat has established itself as a key player in the Nigerian energy landscape, focusing on exploration, production, and distribution of hydrocarbons. The company’s major operational regions include the Niger Delta, where it has made significant strides in enhancing production capabilities. Seplat Energy is renowned for its commitment to sustainable practices and innovative solutions, offering a diverse range of services that include upstream oil and gas exploration and production, as well as gas processing and distribution. With a strong market position, Seplat has achieved notable milestones, including strategic partnerships and expansions that underscore its role in driving energy security in Nigeria.

DitchCarbon Score

How does Seplat 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.

40

Industry Average

Mean score of companies in the Services Auxiliary to Financial Intermediation 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.

29

Industry Benchmark

Seplat Energy's score of 40 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.

64%

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Seplat Energy's reported carbon emissions

In 2023, Seplat Energy, headquartered in Nigeria (NG), reported total carbon emissions of approximately 15,000,000,000 kg CO2e across all scopes. This includes 565,423,800 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 1,320,700 kg CO2e from Scope 2 emissions, related to purchased electricity. Notably, Scope 3 emissions, which account for indirect emissions from the value chain, were significantly higher at about 14,915,000,000 kg CO2e. Comparatively, in 2022, Seplat Energy's emissions were approximately 8,788,000,000 kg CO2e for Scope 3, 1,120,000,000 kg CO2e for Scope 1, and 972,000,000 kg CO2e for Scope 2. This indicates a substantial increase in Scope 3 emissions year-on-year, reflecting the complexities of managing indirect emissions in the oil and gas sector. Seplat Energy has not disclosed specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded targets from any parent organisation. The absence of defined reduction strategies suggests a need for enhanced focus on sustainability practices within the company. Overall, Seplat Energy's emissions data highlights the challenges faced by the energy sector in addressing carbon footprints, particularly in managing Scope 3 emissions, which are often the most significant.

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20192020202120222023
Scope 1
1,422,396,000
0,000,000,000
000,000,000
0,000,000,000
000,000,000
Scope 2
772,000
000,000
000,000
000,000,000
0,000,000
Scope 3
10,723,000
0,000,000
0,000,000
0,000,000,000
00,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Seplat Energy's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Seplat Energy is in NG, which has a medium grid carbon intensity relative to other regions.

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.

Seplat 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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