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 37 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hellenic Petroleum's reported carbon emissions
In 2024, Hellenic Petroleum reported total carbon emissions of approximately 39,765,530,000 kg CO2e from Scope 1, 261,044,000 kg CO2e from Scope 2 (market-based), and about 51,411,449,000 kg CO2e from Scope 3 emissions. This represents a significant carbon footprint, with Scope 3 emissions being the largest contributor, primarily from the use of sold products, which accounted for about 40,584,091,000 kg CO2e. For 2023, the emissions were slightly lower, with Scope 1 at approximately 38,425,670,000 kg CO2e, Scope 2 at 336,867,000 kg CO2e (market-based), and Scope 3 at about 54,748,608,000 kg CO2e. The trend indicates a focus on managing and reducing emissions across all scopes. Hellenic Petroleum has set ambitious climate commitments, aiming to reduce its carbon footprint by at least 500,000 tonnes by 2025 through the development of a renewable energy portfolio with an installed capacity of about 300 MW. This initiative targets both Scope 1 and Scope 2 emissions, with a goal of achieving a reduction of more than 30% compared to the base year of 2019 by 2030. Additionally, the company has previously aimed for a 25% reduction in CO2 emissions per tonne of crude oil index by 2020, compared to 2014 levels. These commitments reflect Hellenic Petroleum's proactive approach to addressing climate change and reducing its overall environmental impact.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 000,000,000 |
| Scope 3 | 860,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | - | 00,000,000,000 | 00,000,000,000 |
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 participating in any of the initiatives that 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.
