- Inability to repatriate cash earned from Egypt due to economic challenges (devaluation of EGP, USD shortages).
- Payment delays in Egypt.
- Commodity price volatility.
- Climate change risks (transition and physical).
Pharos Energy
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Pharos Energy disclosed greenhouse gas emissions of 86.1K tCO2e/year (equity share). By scope: Scope 1: 86.1K tCO2e/year (equity share); Scope 2: 40 tCO2e/year (equity share); Scope 3: 748.0K tCO2e/year (equity share). 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
86.1K tCO2e/year (equity share)
2023
Water Usage
66.6K m3/year
2023
Waste
169 tons/year (hazardous and non-hazardous combined)
2023
Energy Use
237.0K MWh/year
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). | 86.1K tCO2e/year (equity share) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 40 tCO2e/year (equity share) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 748.0K tCO2e/year (equity share) |
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 | 86.1K tCO2e/year (equity share) |
| 2022 | 376.9K tCO2e (gross); 109539 tCO2e (equity share) |
| 2021 | 372.2K tCO2e (120628 tCO2e based on equity share) |
| 2017 | 316.7K tCO2e (gross) |
| 2015 | 333.1K tCO2e/year (overall); 100438 tCO2e/year (equity share) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced GHG emissions by 18% (equity share) compared to 2022, primarily due to proactive maintenance and management of TGT facilities, minimizing event flaring and reducing overall gas flaring volumes.
- Zero spills to the environment in Vietnam; two spills in Egypt (investigated and actions taken to prevent recurrence).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions by 5% by 2026 (against 2021 baseline).
📅 Medium-term
- Reduce GHG emissions by 15% by 2030 (against 2021 baseline).
🔭 Long-term
- Net zero GHG emissions by 2050.
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionGovernanceHealth and SafetyCommunity InvestmentHuman Rights