Hindustan Petroleum
Hindustan Petroleum Corporation Limited (HPCL), a prominent player in the Indian oil and gas industry, is headquartered in Mumbai, Maharashtra. Established in 1974, HPCL has grown to become a key player in refining and marketing petroleum products across India, with significant operations in various regions including northern and western India. HPCL's core business areas encompass refining, marketing, and distribution of a wide range of petroleum products, including fuels, lubricants, and petrochemicals. The company is renowned for its commitment to quality and innovation, which has positioned it as a trusted brand in the market. Notable achievements include its status as one of the largest oil refining companies in India, with a refining capacity that supports its extensive network of retail outlets. HPCL continues to lead in sustainability initiatives, further solidifying its market position in the evolving energy landscape.
DitchCarbon Score
How does Hindustan 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 Crude Oil Extraction 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
Hindustan Petroleum's score of 11 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hindustan Petroleum's reported carbon emissions
In 2023, Hindustan Petroleum Corporation (HPCL) reported carbon emissions of approximately 4.3 million tonnes CO2e for Scope 1, 0.8 million tonnes CO2e for Scope 2, and a significant 12.9 million tonnes CO2e for Scope 3 emissions. This reflects a growing trend in emissions, particularly in Scope 3, which encompasses indirect emissions from the use of sold products and other upstream and downstream activities. HPCL has made notable strides in emissions management, achieving a Scope 1 and 2 emissions intensity of about 266 tonnes CO2e per unit of refinery throughput in 2023. The company has also reported a reduction in Scope 1 and 2 emissions intensity to approximately 0.0969 tonnes CO2e per rupee of turnover, indicating efforts to decouple emissions from revenue growth. Despite these efforts, HPCL's performance in climate-related disclosures has been mixed, with a CDP score of "D" in 2023, suggesting room for improvement in transparency and action on climate commitments. The company has not publicly set specific reduction targets under the Science Based Targets initiative (SBTi) or other frameworks, which may limit its ability to effectively manage and reduce its carbon footprint in line with global climate goals. Overall, while HPCL is actively monitoring and reporting its emissions, the increasing trend in Scope 3 emissions highlights the need for more robust strategies and commitments to achieve significant reductions in its overall carbon footprint.
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Add to project2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,216,945,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 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 | 965,040,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 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.
Hindustan 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.
