Valaris Ltd
Valaris's GHG Emissions Data Preview
In 2023, Valaris 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).
Valaris has also provided a category-level breakdown for 10 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.  | 0000000 |
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Verified Sources Behind Valaris’s Greenhouse Gas (GHG) Emissions Data
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Insights into Valaris's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Valaris amounted to 717,378 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 Valaris increased by 11.65%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Valaris's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Valaris's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Valaris were 703,674 metric tons of CO₂ equivalent (tCO₂e). a
Has Valaris reduced its Scope 1 emissions over time?
Since 2019, Valaris's Scope 1 emissions have decreased by 27.5%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Valaris's Scope 1 emissions increased by 11.94%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Valaris's Scope 2 emissions?
In 2023, Valaris reported Scope 2 greenhouse gas (GHG) emissions of 13,704 tCO₂e without specifying the calculation method. a
Has Valaris reduced its Scope 2 emissions over time?
Since 2019, Valaris's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Valaris 's emissions have plateaued with no significant change in its energy consumption footprint. a
Compared to the previous year (2022), Valaris's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Valaris 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Valaris use for Scope 2 reporting?
In 2023, Valaris reported its Scope 2 emissions using an unspecified methodology. a
Valaris's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Valaris's Value Chain Emissions
In 2023, Valaris reported 1,572,342 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 Valaris includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Valaris's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Valaris's Scope 3 emissions?
In 2023, Valaris reported total Scope 3 emissions of 1,572,342 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 92.06% of these emissions originated from upstream activities such as purchased goods and capital goods, while 7.94% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Valaris reduced its Scope 3 emissions over time?
Since 2019, Valaris's Scope 3 emissions have increased by 2,945.58%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2022), Valaris's Scope 3 emissions increased by 73.85%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does Valaris disclose?
In 2023, Valaris reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Valaris's Scope 3 emissions?
In 2023, the largest contributors to Valaris's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 860,993 tCO₂e (54.76%)
- Capital Goods (Cat. 2): 518,214 tCO₂e (32.96%)
- Downstream Leased Assets (Cat. 13): 93,861 tCO₂e (5.97%)
Valaris's Scope 3 Emissions by Categories
Insights into Valaris’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Valaris reported Scope 1 greenhouse gas (GHG) emissions of 703,674 tCO₂e and total revenues of USD 1,784 millions. This translates into an emissions intensity of 394.39 tCO₂e per millions USD. a
Valaris's Scope 1 Emissions Intensity Compared to Peers
How does Valaris's GHG emissions intensity compare to its peers?
In 2023, Valaris reported a Scope 1 emissions intensity of 394.39 tCO₂e per millions USD. Compared to the peer group median of 16.82, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Valaris rank on GHG emissions intensity within its industry?
In 2023, Valaris ranked 17 out of 18 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Valaris among the least efficient performers, with one of the highest emissions intensities in its sector. a
Insights into Valaris's Total Carbon Footprint
In 2023, Valaris reported a total carbon footprint of 2,289,720 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 48.02% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Valaris's total carbon footprint was Scope 3 emissions, accounting for 68.67% of the company's total carbon footprint, followed by Scope 1 emissions at 30.73%. a