In 2023, Gulf Energy Development completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
However, Gulf Energy Development has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2023, the total operational greenhouse gas (GHG) emissions of Gulf Energy Development amounted to 11,268,809 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Gulf Energy Development increased by 68.07%, suggesting that the company faced challenges in reducing its emissions from its core operations.
In 2023, the total Scope 1 emissions of Gulf Energy Development were 11,245,262 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Since 2020, Gulf Energy Development's Scope 1 emissions have increased by 186.02%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Gulf Energy Development's Scope 1 emissions increased by 69.07%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
In 2023, Gulf Energy Development reported Scope 2 greenhouse gas (GHG) emissions of 23,547 tCOâ‚‚e using the location-based method.
Since 2020, Gulf Energy Development's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 118.8%, reflecting a rising long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Gulf Energy Development's Scope 2 emissions (Location-Based) fell by 56.23% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.
In 2023, Gulf Energy Development reported its Scope 2 emissions using the location-based method.
In 2023, Gulf Energy Development reported 3,355,936 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Gulf Energy Development includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
In 2023, Gulf Energy Development reported total Scope 3 emissions of 3,355,936 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Since 2020, Gulf Energy Development's Scope 3 emissions have increased by 141,920.14%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Gulf Energy Development's Scope 3 emissions increased by 121,580.06%, suggesting that the company faced challenges in reducing emissions across its value chain.
In 2023, Gulf Energy Development reported a total carbon footprint of 14,624,745 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 118.03% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Gulf Energy Development's total carbon footprint was Scope 1 emissions, accounting for 76.89% of the company's total carbon footprint, followed by Scope 3 emissions at 22.95%.