Hess Corp
Hess's GHG Emissions Data Preview
In 2020, Hess 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).
Hess has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| 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 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Unspecified Calculation Method | 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 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Hess's Operational Emissions
In 2020, the total operational greenhouse gas (GHG) emissions of Hess amounted to 3,671,670 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 2019, the total operational greenhouse gas (GHG) emissions of Hess decreased by 14.61%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Hess's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hess's Scope 1 emissions?
In 2020, the total Scope 1 emissions of Hess were 3,250,701 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Hess reduced its Scope 1 emissions over time?
Since 2018, Hess's Scope 1 emissions have decreased by 9.7%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2019), Hess's Scope 1 emissions decreased by 16.65%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Hess's Scope 2 emissions?
In 2020, Hess reported Scope 2 greenhouse gas (GHG) emissions of 102,781 tCOâ‚‚e using the market-based method, and 420,969 tCOâ‚‚e using the location-based method.
What methodology does Hess use for Scope 2 reporting?
In 2020, Hess reported its Scope 2 emissions using the market-based method and using the location-based method.
Hess's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Hess's Value Chain Emissions
In 2020, Hess reported 53,105,163 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 2020 disclosure of Hess includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2019, reflecting improved emissions accounting practices and greater transparency across the company's value chain
Hess's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hess's Scope 3 emissions?
In 2020, Hess reported total Scope 3 emissions of 53,105,163 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Hess reduced its Scope 3 emissions over time?
Since 2018, Hess's Scope 3 emissions have increased by 22.36%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2019), Hess's Scope 3 emissions remained relatively stable, indicating that Hess 's emissions have plateaued with no significant change in its value chain footprint.
What categories of Scope 3 emissions does Hess disclose?
In 2020, Hess reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Hess's Scope 3 emissions?
In 2020, the largest contributors to Hess's Scope 3 emissions were:
- Use of Sold Products (Cat. 11): 49,000,625 tCOâ‚‚e (92.27%)
- Processing of Sold Products (Cat. 10): 4,103,844 tCOâ‚‚e (7.73%)
- Business Travel (Cat. 6): 694 tCOâ‚‚e (0%)
Hess's Scope 3 Emissions by Categories
Insights into Hess's Total Carbon Footprint
In 2020, Hess reported a total carbon footprint of 56,776,833 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.12% increase compared to 2019, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Hess's total carbon footprint was Scope 3 emissions, accounting for 93.53% of the company's total carbon footprint, followed by Scope 1 emissions at 5.73%.