In 2023, MEG Energy 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) and Scope 2 (indirect emissions from purchased energy).
However, MEG Energy has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 2,382,468a | 2,368,081a | 2,439,106a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 681a | 383a | 0a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 516.3044a | 505.2957a | 701.0243a |
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In 2023, the total operational greenhouse gas (GHG) emissions of MEG Energy amounted to 2,383,149 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).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of MEG Energy increased by 0.62%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of MEG Energy were 2,382,468 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, MEG Energy's Scope 1 emissions have increased by 3.38%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), MEG Energy's Scope 1 emissions remained relatively stable, indicating that MEG Energy's emissions have plateaued with no significant change in its operational footprint.a
In 2023, MEG Energy reported Scope 2 greenhouse gas (GHG) emissions of 681 tCO₂e without specifying the calculation method.a
Compared to the previous year (2022), MEG Energy's Scope 2 emissions (Unspecified Calculation Method) rose by 77.81% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2023, MEG Energy reported its Scope 2 emissions using an unspecified methodology.a
In 2023, MEG Energy reported Scope 1 greenhouse gas (GHG) emissions of 2,382,468 tCO₂e and total revenues of USD 4,614 millions. This translates into an emissions intensity of 516.3 tCO₂e per millions USD.a
In 2023, MEG Energy reported a Scope 1 emissions intensity of 516.3 tCO₂e per millions USD. Compared to the peer group median of 391.47, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, MEG Energy ranked 15 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
MEG Energy is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a