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 LLC reported total carbon emissions of approximately 9.6 billion kg CO2e, comprising 7.2 billion kg CO2e from Scope 1 and 2.4 billion kg CO2e from Scope 2 emissions. The company has set ambitious targets to reduce its carbon intensity by 15% by 2030, using a 2020 baseline for both Scope 1 and Scope 2 emissions. This commitment reflects a proactive approach to addressing climate change and aligns with industry standards for sustainability. The emissions data is cascaded from its parent company, Chevron Corporation, indicating a corporate commitment to environmental responsibility. Chevron Phillips has consistently reported emissions over the years, with a slight increase from 9.3 billion kg CO2e in 2022 to the current figure. The company has not disclosed Scope 3 emissions, which often represent a significant portion of total emissions in the chemical sector. Overall, Chevron Phillips's climate commitments and reduction targets demonstrate a clear strategy to mitigate its environmental impact while contributing to broader industry efforts to combat climate change.
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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 established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
