Hellenic Petroleum

Hellenic Petroleum (HQ in GR), a Petroleum Refineries company, reported estimated total emissions of approximately 58.3 billion kg CO2e in 2025. This includes about 4.2 billion kg CO2e from Scope 1 emissions, approximately 199.4 million kg CO2e from market-based Scope 2 emissions, and around 53.9 billion kg CO2e from Scope 3 emissions.

In 2024, the company's estimated total emissions were approximately 55.6 billion kg CO2e, comprising about 4.0 billion kg CO2e in Scope 1 emissions, approximately 261.0 million kg CO2e in market-based Scope 2 emissions, and roughly 51.4 billion kg CO2e in Scope 3 emissions.

For 2023, Hellenic Petroleum's Scope 1 emissions were approximately 3.8 billion kg CO2e, and market-based Scope 2 emissions were around 336.9 million kg CO2e, with Scope 3 emissions at approximately 54.7 billion kg CO2e.

Looking back, in 2022, the company reported Scope 1 emissions of approximately 3.6 billion kg CO2e and Scope 2 emissions of about 305.0 million kg CO2e. In 2019, Scope 1 emissions were approximately 3.4 billion kg CO2e. Data for 2020 and 2021 shows combined Scope 1 and 2 emissions of approximately 3.8 billion kg CO2e and 3.6 billion kg CO2e, respectively. For 2017, Scope 1 emissions were approximately 29.0 million kg CO2e, and Scope 2 emissions were around 763.0 million kg CO2e.

Hellenic Petroleum has set ambitious climate commitments. The company aims for carbon neutrality across all scopes by 2050, demonstrating a long-term commitment to addressing climate change. In the near term, Hellenic Petroleum is targeting a reduction of over 30% in Scope 1 and 2 emissions (market-based) by 2030, using 2019 as a baseline year. This reduction is expected to be achieved through energy optimisation and the application of innovative greenhouse gas emission reduction technologies in refining activities. Additionally, Hellenic Petroleum aimed for a 25% reduction in CO2 emissions per tonne of crude oil index by 2020, compared to 2014 levels, for both Scope 1 and Scope 2 emissions.