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 38 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Mol's reported carbon emissions
In 2023, MOL reported total carbon emissions of approximately 66,400,000 kg CO2e for Scope 1, 810,000 kg CO2e for Scope 2 (market-based), and about 55,767,391,000 kg CO2e for Scope 3 emissions. This reflects a continued commitment to transparency in their emissions reporting, covering all three scopes of emissions. Over the years, MOL has shown a trend in emissions management, with Scope 1 emissions decreasing from approximately 107,632,000 kg CO2e in 2015 to the current figure. However, there are no specific reduction targets or initiatives disclosed in their recent reports, indicating a potential area for improvement in their climate commitments. MOL's emissions from refining processes have been reported at about 28,790 kg CO2e per tonne of revenue in 2023, while petrochemical production emissions stand at approximately 1,040 kg CO2e per tonne. These figures highlight the company's operational impact on carbon emissions. Overall, while MOL has made strides in emissions reporting, the absence of defined reduction targets suggests a need for more robust climate action strategies moving forward.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
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 committed to any reduction initiatives 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.
