Hellenic Petroleum Sustainability Profile
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 42 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Hellenic Petroleum's reported carbon emissions
In 2024, Hellenic Petroleum reported significant carbon emissions, totalling approximately 39,765,530 kg CO2e for Scope 1, 261,044 kg CO2e for Scope 2 (market-based), and a staggering 51,411,449,000 kg CO2e for Scope 3 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes. In 2023, the figures were slightly lower, with Scope 1 emissions at about 38,425,670 kg CO2e, Scope 2 at 336,867 kg CO2e (market-based), and Scope 3 at approximately 54,748,608,000 kg CO2e. Hellenic Petroleum has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by over 30% by 2030, compared to a 2019 baseline. This reduction will be achieved through energy optimisation and innovative GHG emission reduction technologies in refining activities. Additionally, the company has committed to becoming carbon-neutral by 2050, addressing its overall carbon footprint across all scopes. The company’s emissions data is sourced from HELLENiQ ENERGY Holdings S.A., ensuring a robust and transparent reporting framework. Hellenic Petroleum's proactive stance on climate action positions it as a key player in the energy sector's transition towards sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 148,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 860,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Hellenic Petroleum's Industry?
How Carbon Intensive is Hellenic Petroleum's Location?
Hellenic Petroleum's Scope 3 Categories Breakdown
Hellenic Petroleum's Scope 3 emissions, which decreased by 6% last year and decreased by approximately 6% since 2023, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 79% of Scope 3 emissions.
Top Scope 3 Categories
Hellenic Petroleum'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.
Hellenic Petroleum 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.
