In 2025, Serica 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Serica Energy has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 195,746a | 211,219a | 190,366a | |
Total Scope 2 | ||||
Market-Based | 18b | N/A | N/A | |
Location-Based | 28a | 30a | 43a | |
Total Scope 3 | 3,539,720a | 5,215,623a | 180,528a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 325.4682a | 290.464a | 241.2995a |
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In 2025, the total operational greenhouse gas (GHG) emissions of Serica Energy amounted to 195,774 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 2024, the total operational greenhouse gas (GHG) emissions of Serica Energy decreased by 7.33%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2025, the total Scope 1 emissions of Serica Energy were 195,746 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Serica Energy's Scope 1 emissions have decreased by 28.75%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2024), Serica Energy's Scope 1 emissions decreased by 7.33%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2025, Serica Energy reported Scope 2 greenhouse gas (GHG) emissions of 18 tCO₂e using the market-based method and 28 tCO₂e using the location-based method.ab
Since 2019, Serica Energy's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 12%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2024), Serica Energy's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Serica Energy's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2025, Serica Energy reported its Scope 2 emissions using the market-based method and using the location-based method.ab
In 2025, Serica Energy reported 3,539,720 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 2025 disclosure of Serica Energy includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 4 in 2024, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2025, Serica Energy reported total Scope 3 emissions of 3,539,720 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 1.24% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.76% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2024), Serica Energy's Scope 3 emissions decreased by 32.13%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2025, Serica Energy reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2025, the largest contributors to Serica Energy's Scope 3 emissions were:a
In 2025, Serica Energy reported Scope 1 greenhouse gas (GHG) emissions of 195,746 tCO₂e and total revenues of USD 601 millions. This translates into an emissions intensity of 325.47 tCO₂e per millions USD.a
In 2025, Serica Energy reported a Scope 1 emissions intensity of 325.47 tCO₂e per millions USD. Compared to the peer group median of 430.13, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, Serica Energy ranked 9 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Serica Energy is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2025, Serica Energy reported a total carbon footprint of 3,735,494 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 31.17% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Serica Energy's total carbon footprint was Scope 3 emissions, accounting for 94.76% of the company's total carbon footprint, followed by Scope 1 emissions at 5.24%.a