Vital Energy Inc
Vital Energy's GHG Emissions Data Preview
In 2023, Vital 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).
Vital Energy has also provided a category-level breakdown for 1 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 | ||||
Market-Based | 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 |
Location-Based | 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 |
Verified Sources Behind Vital Energy’s Greenhouse Gas (GHG) Emissions Data
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Insights into Vital Energy's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Vital Energy amounted to 866,422 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 Vital Energy increased by 65.77%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Vital Energy's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Vital Energy's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Vital Energy were 663,046 metric tons of CO₂ equivalent (tCO₂e). a
Has Vital Energy reduced its Scope 1 emissions over time?
Since 2019, Vital Energy's Scope 1 emissions have decreased by 38.04%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Vital Energy's Scope 1 emissions increased by 46.66%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Vital Energy's Scope 2 emissions?
In 2023, Vital Energy reported Scope 2 greenhouse gas (GHG) emissions of 226,974 tCO₂e using the market-based method and 203,376 tCO₂e using the location-based method. a
Has Vital Energy reduced its Scope 2 emissions over time?
Since 2019, Vital Energy's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 902.44%, reflecting a rising long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2022), Vital Energy's Scope 2 emissions (Location-Based) rose by 188.17% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
What methodology does Vital Energy use for Scope 2 reporting?
In 2023, Vital Energy reported its Scope 2 emissions using the market-based method and using the location-based method. a
Vital Energy's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Vital Energy's Value Chain Emissions
In 2023, Vital Energy reported 27,348,482 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 Vital Energy includes a breakdown across 1 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
Vital Energy's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Vital Energy's Scope 3 emissions?
In 2023, Vital Energy reported total Scope 3 emissions of 27,348,482 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 Vital Energy reduced its Scope 3 emissions over time?
Since 2019, Vital Energy's Scope 3 emissions have increased by 87.67%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2022), Vital Energy's Scope 3 emissions increased by 76.16%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does Vital Energy disclose?
In 2023, Vital Energy reported emissions for 1 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 Vital Energy's Scope 3 emissions?
In 2023, the largest contributors to Vital Energy's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 27,348,482 tCO₂e (100%)
Vital Energy's Scope 3 Emissions by Categories
Insights into Vital Energy’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Vital Energy reported Scope 1 greenhouse gas (GHG) emissions of 663,046 tCO₂e and total revenues of USD 1,548 millions. This translates into an emissions intensity of 428.43 tCO₂e per millions USD. a
Vital Energy's Scope 1 Emissions Intensity Compared to Peers
How does Vital Energy's GHG emissions intensity compare to its peers?
In 2023, Vital Energy reported a Scope 1 emissions intensity of 428.43 tCO₂e per millions USD. Compared to the peer group median of 329.63 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Vital Energy rank on GHG emissions intensity within its industry?
In 2023, Vital Energy ranked 15 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Vital Energy is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Vital Energy's Total Carbon Footprint
In 2023, Vital Energy reported a total carbon footprint of 28,214,904 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 75.82% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Vital Energy's total carbon footprint was Scope 3 emissions, accounting for 96.93% of the company's total carbon footprint, followed by Scope 1 emissions at 2.35%. a