Mol
MOL Group, a leading integrated oil and gas company, is headquartered in Hungary (HU) and operates extensively across Central and Eastern Europe. Founded in 1957, MOL has established itself as a key player in the energy sector, focusing on exploration, production, refining, and distribution of oil and gas. The company is renowned for its innovative approach to energy solutions, offering a diverse range of products, including fuels, lubricants, and petrochemicals. MOL's commitment to sustainability and technological advancement sets it apart in a competitive market. With a strong market position, MOL Group has achieved significant milestones, including strategic acquisitions and expansions that enhance its operational capabilities. The company continues to drive growth while prioritising environmental responsibility and energy efficiency.
DitchCarbon Score
How does Mol'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 Liquefied Petroleum Gas (LPG) 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
Mol's score of 62 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mol's reported carbon emissions
In 2024, MOL Group reported total carbon emissions of approximately 63,840,000,000 kg CO2e, with Scope 1 emissions at about 6,380,000,000 kg CO2e, Scope 2 emissions at approximately 920,000,000 kg CO2e (market-based), and a significant Scope 3 contribution of about 56,538,921,000 kg CO2e. The total emissions for 2023 were slightly lower at about 63,220,000,000 kg CO2e, with Scope 1 at approximately 6,640,000,000 kg CO2e and Scope 2 at around 810,000,000 kg CO2e (market-based). MOL Group has set ambitious climate commitments, aiming for net carbon neutrality in its Scope 1 and 2 emissions by 2030, which accounted for about 1,020,000 tonnes CO2e in 2022. Additionally, the company targets a 30% reduction in Scope 1 and 2 emissions by 2030 from a 2020 baseline. By 2050, MOL Group aims to achieve net zero emissions across all scopes. In the near term, they also plan to decrease absolute gross Scope 1 and 2 GHG emissions by 20% by 2030 compared to their 2019 levels. These initiatives reflect MOL Group's commitment to addressing climate change and reducing its carbon footprint in the oil and gas sector, aligning with global sustainability goals.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 106,198,000,000 | 000,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Mol 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.
