Hellenic Petroleum

HELLENiQ ENERGY, headquartered in Greece, reported a total of approximately 58.3 billion kg CO2e in emissions for 2025. This includes Scope 1 emissions totalling about 4.2 billion kg CO2e, Scope 2 market-based emissions of approximately 199.4 million kg CO2e, and Scope 3 emissions amounting to roughly 53.9 billion kg CO2e. For 2024, total emissions were approximately 55.6 billion kg CO2e, with Scope 1 at about 3.98 billion kg CO2e, Scope 2 market-based at approximately 261 million kg CO2e, and Scope 3 at approximately 51.4 billion kg CO2e. In 2023, total emissions were around 58.6 billion kg CO2e, comprising Scope 1 emissions of about 3.84 billion kg CO2e, Scope 2 market-based emissions of approximately 337 million kg CO2e, and Scope 3 emissions of approximately 54.7 billion kg CO2e.

HELLENiQ ENERGY is committed to a significant reduction in its carbon footprint. The company aims for carbon neutrality by 2050 as part of its energy transformation strategy. Near-term targets include reducing Scope 1 and 2 emissions by over 30% by 2030, compared to a 2019 baseline, through energy use optimisation and the implementation of innovative greenhouse gas emission reduction technologies in its refining activities. Previously, the company targeted a 25% reduction in CO2 emissions per tonne of crude oil index by 2020, compared to 2014 levels.

The company's sustainability disclosures cover Scope 1, 2, and 3 emissions. Specific Scope 3 categories reported include purchased goods and services, upstream transportation and distribution, downstream transportation and distribution, use of sold products, and processing and end-of-life treatment of sold products.

HELLENiQ ENERGY's climate commitments are not cascaded from a parent organisation, with the company acting as the primary reporting entity for its sustainability data.