Vital Energy
Vital Energy, headquartered in the United States, is a leading player in the renewable energy sector, specialising in innovative energy solutions. Founded in 2001, the company has made significant strides in the industry, focusing on sustainable energy production and distribution across major operational regions in North America. With a commitment to clean energy, Vital Energy offers a range of core services, including solar power installations and energy efficiency consulting. Their unique approach combines cutting-edge technology with a customer-centric philosophy, setting them apart in a competitive market. Recognised for their contributions to sustainability, Vital Energy has achieved notable milestones, solidifying their position as a trusted name in the renewable energy landscape.
DitchCarbon Score
How does Vital 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 Research Services 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
Vital Energy's score of 43 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vital Energy's reported carbon emissions
In 2023, Vital Energy, headquartered in the US, reported significant carbon emissions across various scopes. The total emissions were approximately 66,304,600 kg CO2e for Scope 1, about 226,974,000 kg CO2e for Scope 2 (market-based), and a substantial 27,348,482,000 kg CO2e for Scope 3. This data reflects a comprehensive approach to emissions reporting, with disclosures for all three scopes. Vital Energy has made notable strides in reducing its greenhouse gas emissions intensity. The company achieved a 59% reduction in Scope 1 emissions intensity, lowering it to below 12.5 mtCO2e/MBOE by 2022, compared to a 2019 baseline. Similarly, Scope 2 emissions intensity was also reduced by 65% to below 12.5 mtCO2e/MBOE, also achieved in 2022. Looking ahead, Vital Energy has committed to long-term climate goals, including a net-zero target by 2050, as part of its Science Based Targets initiative (SBTi) commitments. These targets encompass all scopes of emissions, demonstrating the company's dedication to comprehensive climate action. Overall, Vital Energy's emissions data and reduction initiatives highlight its proactive stance in addressing climate change and its commitment to sustainability within the energy sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,070,077,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 20,288,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 14,572,966,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Vital Energy is participating in some 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.
