Hellenic Petroleum
Hellenic Petroleum S.A., commonly referred to as Hellenic Petroleum, is a leading energy company headquartered in Greece (GR). Established in 1998, the company has grown to become a key player in the oil and gas industry, with significant operations across Southeast Europe and the Mediterranean region. Hellenic Petroleum focuses on refining, distribution, and marketing of petroleum products, alongside renewable energy initiatives. Its core offerings include high-quality fuels, lubricants, and petrochemicals, distinguished by their commitment to sustainability and innovation. With a robust market position, Hellenic Petroleum has achieved notable milestones, including advancements in refining technology and a strong emphasis on environmental responsibility. The company continues to lead the way in energy solutions, adapting to the evolving demands of the industry while maintaining a focus on customer satisfaction and operational excellence.
DitchCarbon Score
How does Hellenic Petroleum'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 Gas/Diesel Oil 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
Hellenic Petroleum's score of 7 is lower than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hellenic Petroleum's reported carbon emissions
In 2023, Hellenic Petroleum reported carbon emissions of approximately 3,825,000,000 kg CO2e for Scope 1 and about 336,000,000 kg CO2e for Scope 2. The company has not disclosed any Scope 3 emissions data for this year. Over the years, Hellenic Petroleum has shown fluctuations in its emissions. For instance, in 2021, the emissions were approximately 3,766,691,120 kg CO2e for Scope 1, 445,000,000 kg CO2e for Scope 2, and 567,628,000 kg CO2e for Scope 3. In 2022, the company reported approximately 3,618,000,000 kg CO2e for Scope 1 and 305,000,000 kg CO2e for Scope 2, indicating a slight reduction in emissions. Despite these figures, Hellenic Petroleum has not set specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term climate strategy. The company operates within a challenging industry context, where significant emissions are typical, and the transition to lower-carbon alternatives is critical for sustainability.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 298,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 303,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 860,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hellenic Petroleum is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
