Sonangol
Sonangol EP is a state-owned fully integrated oil and gas company headquartered in Angola. In 2020, it reported 13,000 employees*. The company did not report its revenue. Sonangol extracts and produces oil and gas products primarily in Angola. Apart from an unambitious renewable energy target, there are no other signs that Sonangol is preparing for the low-carbon transition.
- Ranking position
- #72 /100
- Total score
- 2.6 /100
- Performance score
- 1.1 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
Sonangol receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Recent changes to Sonangol’s fuel mix and sold product mix put its projected scope 1 and 2 and scope 1, 2 and 3 emissions intensities on marginally downward trends. However, this rate of reduction is still far below the requirement of the company’s 1.5°C pathway. With no targets in place to speed up its emissions reductions, Sonangol will not be able to keep pace with the requirements of the low-carbon transition.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Luanda, Angola
- Group revenue
- No data available
- Ownership structure
- State owned
- Number of employees
- 13,000
- Scope of activity
- Fully integrated
- Website
- https://www.sonangol.co.ao/English/