Chevron Phillips Sustainability Profile
Chevron Phillips Chemical Company, a prominent player in the petrochemical industry, is headquartered in the United States. Founded in 2000 as a joint venture between Chevron Corporation and Phillips 66, the company has established itself as a leader in the production of polymers, chemicals, and specialty products. With major operational regions across North America, Europe, and Asia, Chevron Phillips is renowned for its innovative approach to manufacturing high-quality polyethylene and polypropylene. The company’s commitment to sustainability and technological advancement has led to significant milestones, including the development of advanced recycling processes. Chevron Phillips Chemical is recognised for its robust market position, consistently ranking among the top producers in the industry. Its unique offerings, such as high-performance materials and custom solutions, set it apart in a competitive landscape, making it a trusted partner for various sectors, including packaging, automotive, and construction.
DitchCarbon Score
How does Chevron Phillips'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 Chemicals 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
Chevron Phillips's score of 21 is lower than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chevron Phillips's reported carbon emissions
In 2023, Chevron Phillips Chemical Company reported total carbon emissions of approximately 7,200,000,000 kg CO2e for Scope 1 and 2 combined, with Scope 1 emissions at about 7,200,000,000 kg CO2e and Scope 2 emissions at approximately 2,400,000,000 kg CO2e. The total emissions for Scope 1 and 2 combined were reported as approximately 6,200,000,000 kg CO2e, with a market-based total of about 9,600,000,000 kg CO2e. Chevron Phillips has set ambitious targets to reduce its carbon intensity by 15% at its operated facilities by 2030, using a 2020 baseline. This target applies to both Scope 1 and Scope 2 emissions, reflecting the company's commitment to enhancing operational efficiency and reducing greenhouse gas emissions. The emissions data is cascaded from its parent company, Chevron Corporation, indicating a corporate family relationship that influences its sustainability reporting and climate commitments. Chevron Phillips does not currently report Scope 3 emissions, which are often significant in the chemical industry. Overall, Chevron Phillips is actively working towards reducing its carbon footprint while aligning with industry standards for climate action.
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 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 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Chevron Phillips's Industry?
How Carbon Intensive is Chevron Phillips's Location?
Chevron Phillips's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Chevron Phillips has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
