Equate Petrochemical Company Kscc Sustainability Profile
Equate Petrochemical Company KSCC, a leading player in the petrochemical industry, is headquartered in Kuwait (KW) and operates extensively across the Middle East and beyond. Founded in 1995, Equate has established itself as a key manufacturer of high-quality petrochemical products, including ethylene, polyethylene, and other derivatives, which are essential for various industrial applications. With a commitment to innovation and sustainability, Equate has achieved significant milestones, including the successful launch of advanced production technologies. The company is renowned for its unique approach to product development, ensuring that its offerings meet the highest international standards. As a joint venture involving prominent partners, Equate holds a strong market position, recognised for its operational excellence and contributions to the regional economy.
DitchCarbon Score
How does Equate Petrochemical Company Kscc'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
Equate Petrochemical Company Kscc's score of 18 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Equate Petrochemical Company Kscc's reported carbon emissions
In 2023, Equate Petrochemical Company Kscc, headquartered in Kuwait (KW), reported significant carbon emissions totalling approximately 2,400,000,000 kg CO2e for Scope 1 and about 1,100,000,000 kg CO2e for Scope 2, resulting in a combined total of around 3,500,000,000 kg CO2e for both scopes. This marks a slight increase in emissions from 2022, where Scope 1 emissions were about 2,300,000,000 kg CO2e and Scope 2 emissions were approximately 1,400,000,000 kg CO2e, leading to a total of around 3,700,000,000 kg CO2e. Equate has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and Scope 2 emissions by 32% by 2030, using 2019 as the baseline year. This target reflects the company's commitment to achieving net-zero emissions in the near term. The company also aims for a 32% reduction in carbon emissions specifically for Scope 2 by 2030. Equate's emissions data is independently reported and does not cascade from any parent organization. The company is actively working towards enhancing its sustainability practices and reducing its carbon footprint in alignment with industry standards.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,346,000,000 | 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 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,607,000,000 | 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 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Equate Petrochemical Company Kscc's Industry?
How Carbon Intensive is Equate Petrochemical Company Kscc's Location?
Equate Petrochemical Company Kscc'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.
Equate Petrochemical Company Kscc 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.
