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Hellenic Petroleum S.A., commonly referred to as HELPE, is a leading player in Greece’s petroleum refining industry. Headquartered in Athens, Greece, the company operates across key regions in Southeast Europe, delivering essential energy products and services. Founded in 1958, Hellenic Petroleum has established a strong market presence through its integrated refining, marketing, and petrochemical activities.
The company’s core offerings include refined petroleum products, lubricants, and petrochemicals, distinguished by their quality and reliability. As one of Greece’s largest energy companies, Hellenic Petroleum has achieved notable milestones in expanding its refining capacity and enhancing operational efficiency. Its strategic position in the industry underscores its role as a vital contributor to regional energy security and economic growth.
49
DitchCarbon score
+1 vs industry average
Hellenic Petroleum’s score of 49 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Petroleum Refineries is among the most carbon-intensive industries
Industry performance
0.698
20182025
The Petroleum Refineries industry has reduced its overall emissions by 23% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Hellenic Petroleum's reported carbon emissions
Hellenic Petroleum, headquartered in Greece, a company in the Petroleum Refineries industry, reported its most recent emissions data for 2025. Total emissions are approximately 58.3 billion kg CO2e. This includes Scope 1 emissions of around 4.23 billion kg CO2e, market-based Scope 2 emissions of approximately 199.4 million kg CO2e, and Scope 3 emissions totalling about 53.88 billion kg CO2e. Key categories within Scope 3 emissions for 2025 were the use of sold products (approximately 43.04 billion kg CO2e) and purchased goods and services (approximately 8.05 billion kg CO2e).
For 2024, the company's total emissions were about 55.65 billion kg CO2e, comprising approximately 3.98 billion kg CO2e in Scope 1 emissions, around 261.0 million kg CO2e in market-based Scope 2 emissions, and about 51.41 billion kg CO2e in Scope 3 emissions.
In 2023, Hellenic Petroleum reported Scope 1 emissions of approximately 3.84 billion kg CO2e and market-based Scope 2 emissions of about 336.9 million kg CO2e. Scope 3 emissions for 2023 were roughly 54.75 billion kg CO2e, with the use of sold products accounting for approximately 42.89 billion kg CO2e.
Looking back, in 2021, the company disclosed Scope 1 emissions of approximately 3.7 billion kg CO2e and Scope 2 emissions of about 455.0 million kg CO2e. For 2019, Scope 1 emissions were around 3.38 billion kg CO2e.
Hellenic Petroleum is committed to climate action with several reduction targets. The company aims to achieve carbon neutrality by 2050 for all scopes. In the near term, Hellenic Petroleum targets a reduction of more than 30% in Scope 1 and Scope 2 emissions (market-based) by 2030, compared to a 2019 base year. This reduction is intended through energy use optimisation and the application of innovative GHG emission reduction technologies in refining activities. Historically, the company also aimed for a 25% reduction in CO2 emissions per tonne of crude oil index by 2020 (compared to 2014) for both Scope 1 and Scope 2 emissions.
Emissions and commitment data are reported directly by Hellenic Petroleum and are not cascaded from a parent or related organisation.
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Hellenic Petroleum’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
10 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Hellenic Petroleum13 days ago
49
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