- Major reorganisation of the business.
- Redundancies.
- Supply chain disruptions (implied).
- High water stress in the operating area.
- Fugitive emissions.
- Biodiversity loss.
- Climate change transition risks (policy, technology, market, reputation).
- Climate change physical risks (drought, heat stress, windstorms, wave action, sea level rise).
- Cybersecurity threats.
Capricorn Energy PLC
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Capricorn Energy PLC disclosed greenhouse gas emissions of 1.6K tCO2e (Scope 1 & 2). By scope: Scope 1: 1.4K tCO2e; Scope 2: 181.84 tCO2e; Scope 3: 576.20 tCO2e (Business Travel) + 200.57 tCO2e (Commuting). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.6K tCO2e (Scope 1 & 2)
2023
Energy Use
1.4M kWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.4K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 181.84 tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 576.20 tCO2e (Business Travel) + 200.57 tCO2e (Commuting) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 1.6K tCO2e (Scope 1 & 2) |
| 2022 | 269.6K tCO2e (equity Scope 1 and 2) |
| 2021 | 1.5K tCO2e |
| 2019 | 43.5K tCO2e/year |
| 2017 | 59.4K tCO2e |
| 2016 | 32.0K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced equity Scope 1 and Scope 2 emissions by 15.6% against a 2022 baseline.
- Undertook an environmental baseline survey, furthering knowledge of biodiversity and ecosystem services risks.
- Maintained environmental and social impact assessments for operated exploration projects in Egypt.
- Improved reporting against TCFD, SASB, and GRI.
- Expanded Scope 3 emissions disclosures.
- Implemented flare reduction projects, including process optimisation, stripping gas reduction, and smart infrastructure upgrades.
- Switched from diesel to gas generation in the NEAG JG block, reducing diesel consumption by around 7%.
- Improved wastewater handling by upgrading evaporation ponds and installing five new ponds.
- Completed drilling programmes with no violations or waste disposal infractions.
- Successfully commissioned a new sewage treatment plant in Alam El Shawish (AESW).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce emissions by 15% by 2025 (equity Scope 1 and Scope 2).
📅 Medium-term
- Reduce emissions by 30% by 2030 (equity Scope 1 and Scope 2).
🔭 Long-term
- Equity Scope 1 and Scope 2 net zero emissions by 2040.
🌱 ESG Focus Areas
Climate change and energy transitionReduction of GHG emissionsReduction of fossil fuel consumptionProtection of biodiversity and ecosystemsDischarges to air, sea, land and soundProtection of fresh water resourcesCircular approach – minimisation of wasteWorkplace safety and securityDiversity, equality and inclusionHealth and well-beingTalent managementLearning and developmentSafeguarding human rightsSupporting and safeguarding local communitiesInvesting in local skills, recruitment and procurementManaging a Just TransitionResponsible supply chainDecommissioning closure and rehabilitationEthics, transparency and regulatory complianceAnti-bribery and corruption practicesRobust whistleblowing mechanismsEmergency preparedness and crisis managementData and cyber securityInvestment in clean technologies and business innovationRemuneration