Gulf Oil International Limited Sustainability Profile
Gulf Oil International Limited, often referred to simply as Gulf Oil, is a prominent player in the global energy sector, headquartered in Kentucky (KY). Established in 1901, the company has evolved significantly, marking key milestones in its journey, including the expansion of its operational regions across North America, Europe, and Asia. Specialising in the production and distribution of high-quality lubricants, fuels, and automotive products, Gulf Oil distinguishes itself through innovative formulations and a commitment to sustainability. The brand is renowned for its extensive range of motor oils and industrial lubricants, catering to both consumer and commercial markets. With a strong market position, Gulf Oil International Limited has garnered a reputation for reliability and performance, making it a trusted choice among consumers and businesses alike. Its dedication to quality and customer satisfaction continues to drive its success in the competitive energy landscape.
DitchCarbon Score
How does Gulf Oil International Limited'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 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
Gulf Oil International Limited's score of 13 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Gulf Oil International Limited's reported carbon emissions
In 2023, Gulf Oil International Limited reported total carbon emissions of approximately 54,396,000 kg CO2e for Scope 1, 26,000 kg CO2e for Scope 2, and about 22,996,000 kg CO2e for Scope 3 emissions. This represents a significant reduction from 2022, where total emissions were approximately 78,093,000 kg CO2e, with Scope 1 emissions at about 51,860,000 kg CO2e and Scope 3 emissions at approximately 26,205,000 kg CO2e. Gulf Oil has set ambitious climate commitments, targeting a 20% reduction in Scope 1 and 2 emissions by 2025 and a 50% reduction by 2030, using a FY2020 baseline. These targets reflect the company's commitment to addressing its carbon footprint and contributing to global climate goals. The emissions data is not cascaded from any parent organization, indicating that Gulf Oil International Limited is independently reporting its performance. The company has disclosed emissions across all relevant scopes, demonstrating transparency in its climate impact and initiatives.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,936,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 5,910,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 1,498,090,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Gulf Oil International Limited's Industry?
How Carbon Intensive is Gulf Oil International Limited's Location?
Gulf Oil International Limited's Scope 3 Categories Breakdown
Gulf Oil International Limited's Scope 3 emissions, which decreased by 12% last year and decreased by approximately 98% since 2020, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 30% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 51% of Scope 3 emissions.
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Gulf Oil International Limited'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.
Gulf Oil International Limited 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.
