Oil & Gas

Ithaca Energy sustainability score: 16/100

16/100

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About Ithaca Energy

Ithaca Energy is a UK-based oil and gas exploration and production company formed in 2019, operating 36 producing fields in the North Sea. The company produces approximately 80–119 kboe per day and is listed on the London Stock Exchange.

More about Ithaca Energy

It is a pure-play fossil fuel operator with no renewable energy or transition business.

Founded 2019Head office United KingdomStaff ~800Revenue ~$2.0B EBITDAX (2025)Website ↗

Our verdict

Ithaca Energy is a pure-play North Sea oil and gas operator with minimal climate action. Scope 3 emissions—orders of magnitude larger than reported Scope 1 and 2—remain unquantified. The company faces a January 2025 court ruling invalidating Rosebank's consent and active NGO campaigns characterizing it as expansion-focused with no transition intent.

Ithaca Energy scores 16/100 (Significant gaps) on SINK's independent climate assessment, scored from public data only. Scores are free. Companies can never pay for anything about their own score. Last verified September 2026.

That places Ithaca Energy joint 889th of 900 companies scored, and joint 15th of 17 in Oil & Gas.

The ten questions

What is Ithaca Energy doing well, and where does it fall short?

Strongest on Carbon Footprint — Operations and Transparency & Accountability (5/10, 4/10). Weakest on Controversies & Red Flags and Carbon Footprint — Supply Chain (0/10, 1/10).

What's missing

Where Ithaca Energy lost points

For each question that lost points, the evidence our public rubric looks for that we didn't find.

  • Emissions from its own operations5/10No full Scope 1 and 2 figures worked out to the GHG Protocol.
  • Emissions from its supply chain1/10No assessment of where its supply-chain emissions come from.
  • Whether its emissions are falling2/10No evidence its emissions are falling, not even from energy bills or mileage.
  • How clean its energy is1/10No renewable energy tariff or major efficiency investment shown.
  • Its effect on nature3/10No assessment of its effect on nature, and no basic environmental policy.
  • How it uses materials and handles waste3/10No active waste reduction, reuse or repair shown.
  • Its effect on water3/10No monitoring of water use, or no measures to reduce it.
  • Its climate targets2/10No specific targets with dates.
  • How openly it reports4/10No dedicated sustainability role, board oversight or public report.
  • Its record on controversies0/10Points deducted for controversies or its business model. The finding is under question 10.

A score changes when the evidence does. We use new published evidence at the next rescore. Anyone can send us new evidence, free. How to send it.

The calculation

How is Ithaca Energy's SINK score calculated?

Same ten questions for every company. No private weighting.

SINK = (0.3 × Base + 0.7 × Performance) × Scale
Industry base impact
Oil & Gas sector ceiling.
20 / 100
Performance score
Sum of the ten questions, each scored 0 to 10.
24 / 100
Raw score
Weighted average before scale penalty.
(0.3 × 20) + (0.7 × 24) = 22.8
Scale penalty
Multiplier based on total emissions. Bigger polluters lose more.
× 0.7
Final score
Rounded. Significant gaps.
16 / 100
Where the evidence comes from

What evidence is Ithaca Energy's score based on?

10 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.

60% of them were published by Ithaca Energy itself; the rest come from independent sources.

Ithaca Energy reports the emissions from running its own operations, but does not disclose the emissions from burning the oil and gas it sells. For a hydrocarbon producer that is the larger part of the footprint by a wide margin — typically the great majority of it. This score is calculated on the conservative basis the methodology applies when the dominant category is absent, and the absence itself is part of the finding. It is not an estimate of undisclosed emissions, and it would change if the company published them.

[1]Self-reported
Full-Year 2024 Results

“gross operated absolute Scope 1 and 2 emissions have increased to 448,190 tCO2e in 2024 (2023: 435,792 tCO2e)”

2024
Q1Q2Q3
View →
[2]Public record
OSPAR Report 2024

“Environmental performance data for each of our operated assets is submitted to the UK environmental regulator (OPRED) via the Environmental Emissions Monitoring System (EEMS)”

2024
Q1Q5Q6Q7
View →
[3]Self-reported
2024 Year-End Financial Results

“On 30 January 2025, the Court of Session ruled that consent had been unlawfully given in relation to the sanctioning of the Rosebank field development and that a new consent application would be required which included Scope 3 emissions”

2025
Q2Q3Q10
View →
[4]Self-reported
Net Zero and Energy Transition

“Our focus today, and in the near term, is to deliver emissions reduction projects as set out in our asset ERAPs.”

Ongoing
Q4Q8
View →
[5]Self-reported
Environmental ESG

“Centralise environmental data collection post Business Combination”

Ongoing
Q4Q6Q8
View →
[6]Self-reported
First-Half Results for the Six Months to 30 June 2025

“number of reportable releases to sea (spills) fell by circa 70% in H1 2025, in comparison to H1 2024”

2025
Q5Q7
View →
[7]Self-reported
Annual Environmental Public Statement 2021

“Chemical use and discharge is strictly regulated and a permit is required before any use or discharge to sea”

2021
Q7
View →
[8]Independent source
Banks Financing Company Behind Controversial Rosebank Oil Field

“Ithaca Energy is a 'pure play' fossil fuel company that is dedicated to expansion and has no intention of transitioning away from oil and gas.”

2024
Q10
View →
[9]Public record
Court Rules Rosebank and Jackdaw Approvals Invalid

“Court rules Rosebank and Jackdaw approvals invalid”

2025
Q10
View →
[10]Independent source
Banks Financing Company Behind Rosebank Oil Field

“Over 80 organisations have written to the CEOs of 12 major banks, calling on them to stop financing Ithaca if it continues to pursue its Rosebank project.”

2024
Q10
View →

If you believe a source has been misread or a newer version exists, submit a challenge.

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    Ithaca Energy: SINK sustainability score 16/100.

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Ithaca Energy in context

How does Ithaca Energy compare with other oil & gas companies?

Where Ithaca Energy sits among oil & gas peers.

Among the 17 major oil & gas brands we've scored, Ithaca Energy is tied =15th of 17, with 1 other.

=15/17
Ithaca Energy's rank
18
Industry average
12
Industry low
23
Industry high
See all 17 in Oil & Gas →
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