Valaris
Valaris Limited, a leading provider in the offshore drilling industry, is headquartered in Great Britain and operates extensively across key regions including the North Sea, the Gulf of Mexico, and the Middle East. Founded in 2019 through the merger of Ensco and Rowan Companies, Valaris has quickly established itself as a formidable player in the market, boasting a diverse fleet of advanced drilling rigs. Specialising in both shallow and deep-water drilling services, Valaris is recognised for its commitment to safety, efficiency, and environmental stewardship. The company’s innovative approach to drilling technology and operational excellence has garnered numerous accolades, solidifying its position as a trusted partner in the energy sector. With a focus on delivering tailored solutions, Valaris continues to set benchmarks in the industry, driving progress and sustainability in offshore drilling.
DitchCarbon Score
How does Valaris's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Valaris's score of 40 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Valaris's reported carbon emissions
In 2024, Valaris reported total carbon emissions of approximately 2,000,000,000 kg CO2e, comprising 766,180,000 kg CO2e from Scope 1, 2,626,000 kg CO2e from Scope 2, and 1,473,103,000 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 768,806,000 kg CO2e. Valaris has set ambitious climate commitments, aiming for net zero emissions by 2050. In the near term, they are striving for a path consistent with the Paris Agreement’s 1.5°C scenario, with specific targets for Scope 1 and Scope 2 emissions from 2023 to 2030. These initiatives reflect their commitment to implementing technology solutions that contribute positively to climate objectives. In 2023, the company reported total emissions of about 1,800,000,000 kg CO2e, with Scope 1 emissions at 703,674,000 kg CO2e, Scope 2 at 13,704,000 kg CO2e, and Scope 3 at 1,572,342,000 kg CO2e. This data indicates a significant focus on reducing their carbon footprint across all scopes of emissions. Valaris's ongoing efforts and targets demonstrate a proactive approach to addressing climate change and aligning with global sustainability goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 970,569,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 14,489,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 51,627,000 | 00,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Valaris is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
