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Santos Ltd
Santos's GHG Emissions Data Preview
In 2024, 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) | 2024 | 2023 | 2022 | 2021 - 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.  b | Copy restricted. Please purchase to unlock this data.  b | 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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aVerified Sources Behind Santos’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Santos’s data sources below and access millions more through our Disclosure Search.
Insights into Santos's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofSantos amounted to5,240,000metric 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 2023, the total operational greenhouse gas (GHG) emissions of Santosdecreased by 14.1%, 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 2024, the total Scope 1 emissions of Santos were 4,440,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Santos reduced its Scope 1 emissions over time?
Since 2019, Santos's Scope 1 emissions have decreased by 23.84%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Santos's Scope 1 emissions decreased by 19.27%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Santos's Scope 2 emissions?
In 2024, Santos reported Scope 2 greenhouse gas (GHG) emissions of 800,000 tCOâ‚‚e without specifying the calculation method.a
Has Santos reduced its Scope 2 emissions over time?
Since 2019, Santos's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have increased by 50.94%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), Santos's Scope 2 emissions(Unspecified Calculation Method) rose by 33.33% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does Santos use for Scope 2 reporting?
In 2024, 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 2024, Santos reported 29,900,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Santos includes a breakdown across 3of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Santos's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Santos's Scope 3 emissions?
In 2024, Santos reported total Scope 3 emissions of 29,900,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 10.84%of these emissions originated from upstream activities such as purchased goods and capital goods, while 89.16%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Santos reduced its Scope 3 emissions over time?
Since 2019, Santos's Scope 3 emissionshave increased by 38.43%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Santos's Scope 3 emissions remained relatively stable, indicating that Santos's emissions have plateaued with no significant change in its value chain footprint.ab
What categories of Scope 3 emissions does Santos disclose?
In 2024, 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 2024, the largest contributors to Santos's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 21,300,000 tCOâ‚‚e(74.48%)
- Processing of Sold Products (Cat. 10): 4,200,000 tCOâ‚‚e(14.69%)
- Purchased Goods and Services (Cat. 1): 3,100,000 tCOâ‚‚e(10.84%)
Santos's Scope 3 Emissions by Categories
Insights into Santos’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Santos reported Scope 1 greenhouse gas (GHG) emissions of 4,440,000 tCOâ‚‚e and total revenues of USD 8,303 millions. This translates into an emissions intensity of 534.73 tCOâ‚‚e 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 2024, Santos reported a Scope 1 emissions intensity of 534.73 tCOâ‚‚e per millions USD. Compared to the peer group median of 345.68, 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 2024, Santos ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e 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 2024, Santos reported a total carbon footprint of 35,140,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.43% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Santos's total carbon footprint was Scope 3 emissions, accounting for 85.09% of the company's total carbon footprint, followed by Scope 1 emissions at 12.64%.a