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Suncor Energy Inc

Common Name
Suncor Energy
Country
Canada
Sector
Energy
Industry
Oil & Gas Integrated
Employees
15,010
Ticker
SU
Exchange
TORONTO STOCK EXCHANGE
Description
Suncor Energy Inc. is a prominent integrated energy company known for its expertise in the extraction and refining of oil sands, based primarily in Canada. Its primary function is to explore and produ...

Suncor Energy's GHG Emissions Data Preview

In 2022, Suncor 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).

Suncor Energy 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)2022202120202019 - 2017
Total Scope 1
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0000000
Total Scope 2
Unspecified Calculation Method
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a
0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Suncor Energy’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 Suncor Energy’s data sources below and access millions more through our Disclosure Search.

a. Suncor Energy's Climate Report 2023
a. Suncor Energy's Climate Report 2023
b. Suncor Energy's Sustainability Report 2022
b. Suncor Energy's Sustainability Report 2022

Insights into Suncor Energy's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions ofSuncor Energy amounted to34,970,000metric 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 2021, the total operational greenhouse gas (GHG) emissions of Suncor Energyincreased by 2.4%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Suncor Energy's Scope 1 Emissions Over Time

201920202021202208.5 M17 M25.5 M34 MtCO2e-5%+2%+3%
  • Total Scope 1
  • Year-over-Year Change

What are Suncor Energy's Scope 1 emissions?

In 2022, the total Scope 1 emissions of Suncor Energy were 33,520,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Suncor Energy reduced its Scope 1 emissions over time?

Since 2019, Suncor Energy's Scope 1 emissions have remained relatively, stable, indicating that Suncor Energy's emissions have plateaued with no significant change in its operational footprint.a

Compared to the previous year(2021), Suncor Energy's Scope 1 emissions increased by 2.54%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Suncor Energy's Scope 2 emissions?

In 2022, Suncor Energy reported Scope 2 greenhouse gas (GHG) emissions of 1,450,000 tCOâ‚‚e without specifying the calculation method.a

Has Suncor Energy reduced its Scope 2 emissions over time?

Since 2019, Suncor Energy's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have remained relatively stable, indicating that Suncor Energy's emissions have plateaued with no significant change in its energy consumption footprint.a

Compared to the previous year(2021), Suncor Energy's Scope 2 emissions(Unspecified Calculation Method) have remained relatively stable, indicating that Suncor Energy's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Suncor Energy use for Scope 2 reporting?

In 2022, Suncor Energy reported its Scope 2 emissions using an unspecified methodology.a

Suncor Energy's Scope 2 Emissions Over Time

20192020202120220400 k800 k1.2 M1.6 MtCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Suncor Energy's Value Chain Emissions

In 2022, Suncor Energy reported 146,000,000 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 2022 disclosure of Suncor Energy includes a breakdown across 3of the 15 Scope 3 categories defined by the GHG Protocol,up from 1 in 2021, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Suncor Energy's Scope 3 Emissions Over Time

202020212022040 M80 M120 M160 MtCO2e+4%+14%
  • Total Scope 3
  • Year-over-Year Change

What are Suncor Energy's Scope 3 emissions?

In 2022, Suncor Energy reported total Scope 3 emissions of 146,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 6.85%of these emissions originated from upstream activities such as purchased goods and capital goods, while 93.15%came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2021), Suncor Energy's Scope 3 emissions increased by 14.42%, suggesting that the company faced challenges in reducing emissions across its value chain.ab

What categories of Scope 3 emissions does Suncor Energy disclose?

In 2022, Suncor Energy 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 Suncor Energy's Scope 3 emissions?

In 2022, the largest contributors to Suncor Energy's Scope 3 emissions were:a

  • Use of Sold Products (Cat. 11): 126,000,000 tCOâ‚‚e(86.3%)
  • Fuel- and Energy-Related Services (Cat. 3): 10,000,000 tCOâ‚‚e(6.85%)
  • Processing of Sold Products (Cat. 10): 10,000,000 tCOâ‚‚e(6.85%)

Suncor Energy's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(86.3%)Fuel- andEnergy-RelatedServices (Cat. 3)(6.8%)Processing of SoldProducts (Cat. 10)(6.8%)

Insights into Suncor Energy’s GHG Emissions Intensity Compared to Industry Peers

In 2022, Suncor Energy reported Scope 1 greenhouse gas (GHG) emissions of 33,520,000 tCOâ‚‚e and total revenues of USD 46,479 millions. This translates into an emissions intensity of 721.19 tCOâ‚‚e per millions USD.a

Suncor Energy's Scope 1 Emissions Intensity Compared to Peers

502,000100,0005,000,000200,000,000Scope 1 Emissions (tCO2e)1005005,00020,000100,000Revenues (Millions of USD)VARC ResourcesYear: 2022Scope 1: 1,827,985 tCO2eRevenue: $M 7,278Scope 1 Intensity: 251.17 tCO2e/$MParamount ResourcesYear: 2024Scope 1: 524,527 tCO2eRevenue: $M 1,444Scope 1 Intensity: 363.19 tCO2e/$MNuvista EnergyYear: 2023Scope 1: 319,098 tCO2eRevenue: $M 1,056Scope 1 Intensity: 302.16 tCO2e/$MEnbridgeYear: 2024Scope 1: 7,532,000 tCO2eRevenue: $M 37,173Scope 1 Intensity: 202.62 tCO2e/$MMEG EnergyYear: 2023Scope 1: 2,382,468 tCO2eRevenue: $M 4,614Scope 1 Intensity: 516.30 tCO2e/$MWhitecap ResourcesYear: 2022Scope 1: 1,376,229 tCO2eRevenue: $M 3,532Scope 1 Intensity: 389.65 tCO2e/$MTC EnergyYear: 2024Scope 1: 22,351,000 tCO2eRevenue: $M 9,573Scope 1 Intensity: 2,334.75 tCO2e/$MCanadian Natural ResourcesYear: 2022Scope 1: 23,243,129 tCO2eRevenue: $M 36,595Scope 1 Intensity: 635.14 tCO2e/$MTourmaline OilYear: 2024Scope 1: 3,668,283 tCO2eRevenue: $M 3,928Scope 1 Intensity: 933.94 tCO2e/$MParkland CorpYear: 2023Scope 1: 507,392 tCO2eRevenue: $M 24,513Scope 1 Intensity: 20.70 tCO2e/$MStrathcona ResourcesYear: 2024Scope 1: 3,577,855 tCO2eRevenue: $M 3,762Scope 1 Intensity: 951.09 tCO2e/$MVVVermilion EnergyYear: 2024Scope 1: 519,051 tCO2eRevenue: $M 1,442Scope 1 Intensity: 359.96 tCO2e/$MAthabasca OilYear: 2023Scope 1: 877,205 tCO2eRevenue: $M 958Scope 1 Intensity: 915.48 tCO2e/$MAltaGasYear: 2024Scope 1: 1,595,781 tCO2eRevenue: $M 8,653Scope 1 Intensity: 184.41 tCO2e/$MPrairiesky RoyaltyYear: 2023Scope 1: 94 tCO2eRevenue: $M 388Scope 1 Intensity: 0.24 tCO2e/$MCamecoYear: 2024Scope 1: 131,381 tCO2eRevenue: $M 1,581Scope 1 Intensity: 83.12 tCO2e/$MInternational PetroleumYear: 2023Scope 1: 865,305 tCO2eRevenue: $M 10,477Scope 1 Intensity: 82.59 tCO2e/$MGran Tierra EnergyYear: 2023Scope 1: 273,975 tCO2eRevenue: $M 637Scope 1 Intensity: 430.13 tCO2e/$MGibson EnergyYear: 2024Scope 1: 125,044 tCO2eRevenue: $M 8,189Scope 1 Intensity: 15.27 tCO2e/$MPembina PipelineYear: 2024Scope 1: 4,492,231 tCO2eRevenue: $M 5,133Scope 1 Intensity: 875.14 tCO2e/$MKeyeraYear: 2024Scope 1: 1,408,005 tCO2eRevenue: $M 4,962Scope 1 Intensity: 283.73 tCO2e/$MImperial OilYear: 2022Scope 1: 23,200,000 tCO2eRevenue: $M 42,287Scope 1 Intensity: 548.63 tCO2e/$MSuncor EnergyYear: 2022Scope 1: 33,520,000 tCO2eRevenue: $M 46,479Scope 1 Intensity: 721.19 tCO2e/$M

How does Suncor Energy's GHG emissions intensity compare to its peers?

In 2022, Suncor Energy reported a Scope 1 emissions intensity of 721.19 tCOâ‚‚e per millions USD. Compared to the peer group median of 361.58, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Suncor Energy rank on GHG emissions intensity within its industry?

In 2022, Suncor Energy ranked 18 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Suncor Energy among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into Suncor Energy's Total Carbon Footprint

In 2022, Suncor Energy reported a total carbon footprint of 180,970,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.88% increase compared to 2021, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to Suncor Energy's total carbon footprint was Scope 3 emissions, accounting for 80.68% of the company's total carbon footprint, followed by Scope 1 emissions at 18.52%.a

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