Carbon Tracker Initiative - Aggregate Assessment of Climate Alignment and Transition Risk in Oil & Gas
Data category
- Environmental data
- Governance data
- Rankings
- Ratings
- Research data
The data offers solutions for:
- Climate scenario analysis
- Environmental impact analysis and insight
- Investment decisions and portfolio insight
- Temperature alignment
- Transition plan assessments
Who are the data users?
- Corporates
- Financial institutions
- Government
- Investors
Brief description of the data offering
We provide an aggregate assessment of transition risk exposure and climate alignment of 30 of the world’s largest publicly traded and state-owned oil and gas companies, graded and ranked across six metrics.
This analysis underpins our flagship report series Paris Maligned and allows asset owners, asset managers, sustainability and stewardship analysts, and other stakeholders to gauge transitions risks and climate alignment, as indicated by:
Capital expenditure options – quantitative analysis of all unsanctioned oil and gas projects. For each company, we model the compatibility of all project options, assuming business-as-usual investment strategy, with a range of demand scenarios. We also highlight key individual projects approaching final investment decisions that may be incompatible with the slow- and moderate-paced transition scenarios.
Recent project sanctions – quantitative analysis of recently sanctioned oil and gas projects that may be incompatible with slow- and moderate-paced transition scenarios.
Production plans – qualitative assessment of oil and gas production plans based on guidance publications.
GHG emissions reduction targets – qualitative analysis of greenhouse gas emissions reduction goals, based on Carbon Tracker’s Hallmarks of Paris-Aligned Emissions Targets. We assess whether targets can be used as credible proxies for hydrocarbon production plans, based on the inclusion of Scope 1, 2 and 3 emissions, absolute interim milestones, and emissions from non-operated assets.
Methane emissions reduction targets – qualitative analysis of methane-specific targets for coverage and progress on emissions monitoring.
Executive remuneration policies – quantitative and qualitative analysis of executive compensation plans. We estimate the extent to which chief executive officers are incentivised to grow oil and oil and gas production.
Where and how do you source your data?
Our least-cost analysis of capital expenditure is based on asset-level data provided by Rystad Energy, which we model under demand scenarios published by the International Energy Agency. Additional data was sourced from corporate disclosures.
Our analysis of production plans, emissions reduction targets, and executive remuneration plans is based on data collected from corporate disclosures, including annual reports, quarterly results, sustainability reports, investor day presentations, proxy statements, press releases, and other SEC filings.
What is the cost for your data offering?
Our latest results and rankings are available for free at https://carbontracker.org/reports/paris-maligned-iii/ and assessed in greater detail for select firms in our Company Profiles at https://carbontracker.org/company-profiles/. Additional analysis and assessment of investment options and production plans is costed on a case-by-case basis.
Contacts
For more detail about this assessment and costing, contact us at [email protected]