Santos Ltd
Santos's GHG Emissions Data Preview
In 2023, Santos 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).
Santos 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) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Santos’s Greenhouse Gas (GHG) Emissions Data
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Insights into Santos's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Santos amounted to 6,190,000 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 Santos decreased by 27.94%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Santos's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Santos's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Santos were 5,660,000 metric tons of CO₂ equivalent (tCO₂e). a
Has Santos reduced its Scope 1 emissions over time?
Since 2018, Santos's Scope 1 emissions have increased by 3.1%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Santos's Scope 1 emissions decreased by 29.07%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Santos's Scope 2 emissions?
In 2023, Santos reported Scope 2 greenhouse gas (GHG) emissions of 530,000 tCO₂e without specifying the calculation method. a
Has Santos reduced its Scope 2 emissions over time?
Since 2018, Santos's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 35.9%, reflecting a rising long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2022), Santos's Scope 2 emissions (Unspecified Calculation Method) fell by 13.11% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does Santos use for Scope 2 reporting?
In 2023, Santos reported its Scope 2 emissions using an unspecified methodology. a
Santos's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Santos's Value Chain Emissions
In 2023, Santos reported 32,700,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of Santos includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Santos's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Santos's Scope 3 emissions?
In 2023, Santos reported total Scope 3 emissions of 32,700,000 metric tons of CO₂ equivalent (tCO₂e). a
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. a
Has Santos reduced its Scope 3 emissions over time?
Since 2018, Santos's Scope 3 emissions have increased by 77.72%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2022), Santos's Scope 3 emissions remained relatively stable, indicating that Santos 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Santos disclose?
In 2023, Santos reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Santos's Scope 3 emissions?
In 2023, the largest contributors to Santos's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 21,800,000 tCO₂e (77.58%)
- Processing of Sold Products (Cat. 10): 5,500,000 tCO₂e (19.57%)
- Other/Unspecified Sources: 800,000 tCO₂e (2.85%)
Santos's Scope 3 Emissions by Categories
Insights into Santos’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Santos reported Scope 1 greenhouse gas (GHG) emissions of 5,660,000 tCO₂e and total revenues of USD 9,048 millions. This translates into an emissions intensity of 625.52 tCO₂e per millions USD. a
Santos's Scope 1 Emissions Intensity Compared to Peers
How does Santos's GHG emissions intensity compare to its peers?
In 2023, Santos reported a Scope 1 emissions intensity of 625.52 tCO₂e per millions USD. Compared to the peer group median of 286.02, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Santos rank on GHG emissions intensity within its industry?
In 2023, Santos ranked 17 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Santos among the least efficient performers, with one of the highest emissions intensities in its sector. a
Insights into Santos's Total Carbon Footprint
In 2023, Santos reported a total carbon footprint of 38,890,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.78% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Santos's total carbon footprint was Scope 3 emissions, accounting for 84.08% of the company's total carbon footprint, followed by Scope 1 emissions at 14.55%. a