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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
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

10.6 /100 #29

Intangible Investment

0.0 /100 #20

Sold products

5.2 /100 #34

Management

4.7 /100 #83

Supplier Engagement

2.5 /100 #49

Client Engagement

0.0 /100 #53

Policy Engagement

30.0 /100 #27

Business Model

5.0 /100 #37

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

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/