PARCO
PARCO, or Pak Arab Refinery Company, is a leading player in the oil and gas industry, headquartered in Pakistan (PK). Established in 1974, PARCO has made significant strides in refining and distributing petroleum products across the region, with major operations spanning the southern and central parts of Pakistan. The company is renowned for its state-of-the-art refinery, which boasts a unique capacity to process a diverse range of crude oils. PARCO's core services include refining, storage, and transportation of petroleum products, positioning it as a vital contributor to the country's energy sector. With a commitment to quality and sustainability, PARCO has achieved notable milestones, including the implementation of advanced technologies that enhance operational efficiency. As a market leader, PARCO continues to set benchmarks in the industry, recognised for its reliability and innovation in meeting the energy needs of Pakistan.
DitchCarbon Score
How does PARCO'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 Refinery Gas 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
PARCO's score of 32 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PARCO's reported carbon emissions
In 2023, PARCO reported total carbon emissions of approximately 813,800,000 kg CO2e, comprising 663,200,000 kg CO2e from Scope 1 and 150,600,000 kg CO2e from Scope 2. This marks a reduction from 2022, where emissions were about 895,800,000 kg CO2e, with Scope 1 emissions at 730,800,000 kg CO2e and Scope 2 at 165,000,000 kg CO2e. The company has set ambitious climate commitments, aiming for net zero emissions in both Scope 1 and Scope 2 by 2030. Additionally, PARCO targets a 30% reduction in Scope 1 emissions from a 2021 baseline by 2025 and a 25% reduction in Scope 2 emissions over the same period. These initiatives reflect PARCO's commitment to sustainability and its proactive approach to addressing climate change.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 404,900,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 90,200,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
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.
PARCO 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.
