Lundin Energy

Oil & Gas Exploration & Production
LUNE.ST
SEK 430 3.2
Share price
$ 12 bn
Market Cap
$ 12 bn
Enterprise Value

Carbon footprint

29 Ton
GHG emissions per $ 1 mln investment
1x the weighted average for S&P 500
FY2021
How is this calculated?
+17%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-29%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -5.1% weighted average for S&P 500
FY2022
How is this calculated?

Lundin Energy aims to reduce Scope 1 + 2 by 50% by 2023 from a base year 2020


This target has not been verified as science based according to SBTi
Lundin Energy's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Lundin Energy's GHG emissions (market-based) (Kt of CO2e)
Lundin Energy's Carbon intensity (Tons per 1 USDm)

Lundin Energy's carbon footprint

Lundin Energy reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 330 Kt (+49/+17% y-o-y). At the sime time, carbon intensity was down at 111 t (-35 /-23.8% y-o-y).

Lundin Energy's Scope 3 emissions surged to 21,397 Kt (+541/+2.6% y-o-y). The performance has been erratic recently.

The company is committed to reducing Scope 1 + 2 by 50% by 2023 from a base year 2020, which translates into the estimated reduction of -95 Kt per annum over the period of FY2022 - FY2023. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Lundin Energy aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2023. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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