ConocoPhillips
Oil & Gas
Company Summary
ConocoPhillips is a major player in the global oil and gas industry, focusing on sustainable energy solutions and carbon management. The company has set a target for net-zero emissions by 2050 and is making efforts to reduce emissions from its operations. ConocoPhillips’ ESG rating is influenced by its investments in carbon capture and renewable energy initiatives, although it continues to face challenges due to its reliance on fossil fuel extraction. Critics argue that ConocoPhillips’ overall ESG score is limited by its ongoing involvement in oil and gas production, which significantly contributes to climate change. The company is working to improve its sustainability practices, but its ESG efforts are tempered by the scale of the transition required to align fully with global climate goals. For a full overview, refer to the latest ConocoPhillips ESG report, which provides insights into both the company’s progress and areas that need further attention.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
ConocoPhillips is average among 19 companies in the oil & gas exploration & production industry.
Temperature Rise :
FAQ
What is ConocoPhillips' ESG score?
ConocoPhillips has an improving ESG score of 62/100 (according to Sustainalytics), with emphasis on environmental sustainability, risk management, and social responsibility.
How does ConocoPhillips manage ESG risks?
ConocoPhillips manages ESG risks through active monitoring of environmental impacts, implementing sustainable practices, and addressing social and governance factors in its business operations.
What environmental policies does ConocoPhillips have in place?
ConocoPhillips follows strict environmental policies, including the reduction of methane emissions, carbon capture and storage (CCS) technology, and sustainable oil and gas practices.