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 retail network. The company continues to lead in energy solutions, adapting to the evolving landscape of the energy sector while prioritising environmental responsibility.
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 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 20 is higher than 80% 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 total carbon emissions of approximately 49,753,174,070 kg CO2e. This figure includes 2,162,407,680 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 86,415,700 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 47,619,301,390 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions in the value chain. In comparison, their 2022 emissions were slightly lower at approximately 49,619,301,390 kg CO2e, with Scope 1 emissions at 2,212,167,010 kg CO2e and Scope 2 emissions at 83,913,230 kg CO2e. The trend indicates a stable level of emissions over the years, with minor fluctuations. Hellenic Petroleum has not publicly committed to specific reduction targets or initiatives as part of their climate strategy, nor have they engaged with the Science Based Targets initiative (SBTi) for formal targets. This lack of defined reduction commitments suggests that while the company is aware of its emissions profile, it may need to enhance its climate action strategy to align with industry standards and expectations for sustainability.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 2,075,991,970 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 86,415,700 | 00,000,000 | 00,000,000 |
| Scope 3 | 47,590,766,390 | 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 committed to some 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.
